Common use of Surrender at Termination Clause in Contracts

Surrender at Termination. At the expiration or termination of this Lease, Lessee shall peaceably vacate the Leased Premises and deliver all alterations and additions thereto in good repair and condition, reasonable wear and tear expected, restoring the Leased Premises wherever necessary and leaving it clean and neat. Any of Lessee's trade fixture's and or personal property not removed at the expiration or other termination of this Lease (or within seventy two (72) hours after a termination by reason of Lessee's default may be appropriated, sold, destroyed or otherwise disposed of by Lessor without notice or obligation to compensate Lessee or to account for such disposition, Lessee shall pay to Lessor all costs incurred by Lessor in connection therewith. Lessee's obligations under this section shall survive expiration or other termination of this Lease.

Appears in 2 contracts

Sources: Commercial Lease Agreement (Data Return Corp), Commercial Lease Agreement (Lanstar Semiconductor Inc)

Surrender at Termination. At the expiration or termination of this Lease, Lessee shall peaceably vacate the Leased Premises and deliver all alterations and additions thereto in good repair and condition, reasonable wear and tear expected, restoring the Leased Premises wherever necessary and leaving it clean and neat. Any of Lessee's trade fixture's and or fixtures and/or personal property not removed at the expiration or other termination of this Lease (or within seventy seventy- two (72) hours after a termination by reason of Lessee's default may be appropriated, sold, destroyed or otherwise disposed of by Lessor without notice or obligation to compensate Lessee or to account for such disposition, Lessee shall pay to Lessor all costs incurred by Lessor in connection therewith. Lessee's obligations under this section shall survive expiration or other termination of this Lease.

Appears in 1 contract

Sources: Commercial Lease Agreement (Data Return Corp)