Common use of Surrender of Leased Property Clause in Contracts

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.

Appears in 2 contracts

Sources: Lease Agreement (New England Electric System), Purchase, Lease and Reimbursement Agreement (New England Electric System)