Surrender of Leased Property Clause Samples

Surrender of Leased Property. The rights and interests of Tenant in all or any portion of the Leased Property pursuant to this Lease, and the rights and interests of any Subtenant or any other party claiming any right or interest in all or any portion of the Leased Property by or through Tenant, shall terminate upon the expiration or earlier termination (including rejection in bankruptcy) of this Lease, and at such time, Tenant and all Subtenants must peaceably surrender all or any portion of the Leased Property then in their possession to MAC (unless a Renewal Lease or new lease is issued and executed pursuant to Section 2.2 [Renewal Term] or Section 2.3 [Right of First Refusal], respectively, of this Lease). Prior to surrendering possession of all or any portion of the Leased Property to MAC, Tenant and any Subtenants must, at their expense: (i) Comply with Section 17.2 [Tanks]; (ii) Comply with Section 17.3 [Personal Property]; (iii) Terminate utility services to the Leased Property unless MAC notifies Tenant, not less that twenty-one (21) days prior to the termination date, that MAC would like to have one or more of the utilities transferred into MAC’s name or the name of an entity that will subsequently lease the Leased Property from MAC; (iv) Unless this Lease is terminated pursuant to the terms of Section 14 [Damage, Destruction, or Discontinued Use of Airport], Section 15 [Condemnation], Section 16 [Airport Development or Redevelopment], or Section 18.2 [Assignment Rights] remove all Improvements on the Leased Property and comply with all requirements of Section 12 [Removal of Improvements]. If Tenant does not accomplish this by the termination or expiration of this Lease, MAC becomes the owner of the Improvements (other than tanks, including fuel tanks). This shall not in any way limit Tenant’s liability to MAC for amounts owing to MAC pursuant to the terms and conditions of this Lease.

Surrender of Leased Property. Unless the Lease shall have been ---------------------------- terminated pursuant to the provisions of Article 14, Tenant shall, upon the ---------- expiration or prior termination of the Term, vacate and surrender the Leased Property to Landlord in the condition in which the Leased Property was originally received from Landlord, except as repaired, rebuilt, restored, altered or added to as permitted or required by the provisions of this Lease and except for ordinary wear and tear (subject to the obligation of Tenant to maintain the Leased Property in good order and repair during the entire Term of the Lease).

Surrender of Leased Property. The LESSEE shall on the last day of the term, or upon the sooner termination of the lease, any extension or renewal thereof, peacefully and quietly surrender the Leased Property to the LESSOR, broom clean, in as good condition or repair as at the commencemyn of the term, with normal wear and tear thereof excepted. The LESSEE shall remove all improvements and replacements which are LESSEE's property and, if such removal damages the Leased Property, LESSEE shall repair and restore the Leased Property in conformity with this paragraph. LESSEE convenants and agrees that if it shall at any time fail to make any payments or perform any act which the LESSEE is obligated to make or perform under this lease within fifteen (15) days after LESSEE's time to make any such payment or perform any act has expired including applicable periods of notice or grace then the LESSOR may, but shall not be obligated so to do, and without waiving, or releasing the LESSEE from any obligations of the LESSEE in this lease contained, make any payment or perform any act which the LESSEE is obligated to perform under this lease, in such manner and to such extent as shall be necessary, and in exercising any such rights, reasonably pay necessary and incidental costs and expenses, employ counsel and incur and pay reasonable attorneys' fees. Notwithstanding the foregoing, LESSOR may make any such payment or perform any such act before LESSEE's time to do so as provided herein has expired if the same is necessary to protect the structural integrity of the building or as required by law, governmental authority, LESSOR's mortgagee, insurance company or rating company, and charge to LESSEE the incidental costs and expenses in connection with the performance of any such act by LESSOR, shall be deemed Additional Rent hereunder and, except as otherwise in this lease expressly provided, shall be payable to LESSOR on demand or at the option of the LESSOR may be added to any rent then due or thereafter becoming due under this lease, and LESSEE covenants to pay any such sum or sums with interest as aforesaid and LESSOR shall have (in addition to any other right or remedies of LESSOR), the same rights and remedies in the event of the non-payment thereof by LESSEE as in the case of default by LESSEE in the payment of rent.

Surrender of Leased Property. At the expiration of the Lease term, the Tenant shall surrender the leased property in as good condition as it was at the beginning of the term, normal wear and tear excepted.

Surrender of Leased Property. In the event the County should default under this Lease and the Lease Term is terminated or in the event of a termination of this Lease pursuant to Section 4.06 hereof, the County agrees to surrender possession of the Leased Property peaceably and promptly to BB&T in as good condition as prevailed at the time it was put in full possession thereof, loss by fire or other casualty covered by insurance, ordinary wear and tear, obsolescence and acts of God excepted.

Surrender of Leased Property. Lessee shall, upon any expiration or earlier termination of this Lease peaceably vacate and surrender to Lessor the Leased Property in good order, condition and repair (ordinary wear and tear, and damage, destruction, successful assertions of title paramount and Takings referred to in sections 21 and 25 excepted) except as permitted by sections 23 and 24.

Surrender of Leased Property. City and SAMP to Join in Certain Actions. ..................................................

Surrender of Leased Property. BB&T agrees that upon the termination of this Site Agreement it will surrender the Leased Property to the County free and clear of all liens and encumbrances, except Permitted Encumbrances (other than this Site Agreement), and all right, title and interest of BB&T or any sublessee or assignee in and to the Leased Property, including any and all improvements and fixtures which shall at the time be situated thereon or attached thereto, shall vest in the County. BB&T and any sublessee or assignee shall execute and deliver, upon request by the County, any instrument of transfer, conveyance or release necessary or appropriate to confirm the vesting of such right, title and interest in the County. If the Leased Property has been subleased by BB&T pursuant to a New Sublease, upon termination of this Site Agreement any New Sublease, by the terms thereof, shall also terminate.

Surrender of Leased Property. Upon the expiration of the lease, with respect to any item of the Leased Property, the Lessee shall return the same to Lessor in good repair, condition and working order, ordinary wear and tear excepted, in the following manner: (a) By delivering the item of Leased Property at Lessee's cost and expense to such place as Lessor shall specify; or (b) By loading such item of Leased Property at Lessee's coast and expense on board such carrier as Lessor shall specify and shipping the same, freight collect, to the place designated by Lessor.