Surrender of the Leased Premises. Immediately prior to the Expiration Date or upon the earlier termination of this Lease, Tenant shall remove all Tenant’s Trade Fixtures and other personal property and vacate and surrender the Leased Premises to Landlord in the same condition as existed at the Commencement Date, reasonable wear and tear excepted. Without limiting the generality of the foregoing, Tenant shall surrender the Leased Premises with all interior walls cleaned, all carpets shampooed and cleaned, all HVAC equipment within the Leased Premises in operating order and in good repair, and all floors cleaned, all to the reasonable satisfaction of Landlord. If Landlord so requests, Tenant shall, at its sole cost and prior to the expiration or earlier termination of this Lease, remove any Leasehold Improvements not constructed or installed in compliance with Paragraph 5.1 hereof designated by Landlord, and repair all damage caused by such removal. If the Leased Premises are not so surrendered at the termination of this Lease, Tenant shall be liable to Landlord for all costs incurred by Landlord in returning the Leased Premises to the required condition, plus interest, from the date of demand for payment of such costs to the date paid, on all costs incurred at the rate of fifteen percent (15%) per annum (or the maximum rate allowed by law if such rate is less than 15% per annum). Tenant shall indemnify Landlord against loss or liability resulting from delay by Tenant in so surrendering the Leased Premises, including, without limitation, any claims made by any succeeding tenant or losses to Landlord due to lost opportunities to lease to succeeding tenants.
Appears in 3 contracts
Sources: Industrial Real Property Lease (Thermadyne Australia Pty Ltd.), Industrial Real Property Lease (Thermadyne Australia Pty Ltd.), Industrial Real Property Lease (Thermadyne Australia Pty Ltd.)
Surrender of the Leased Premises. Immediately prior to (a) Upon the Expiration Date expiration or upon the earlier sooner termination of this Lease, Tenant shall remove all Tenant’s Trade Fixtures and other personal property and vacate and surrender the Leased Premises to Landlord in the same condition as existed at the Commencement Date, except for:
(i) reasonable wear and tear excepted. Without limiting the generality of the foregoingtear, Tenant shall surrender the Leased Premises with all interior walls cleaned, all carpets shampooed and cleaned, all HVAC equipment within the Leased Premises in operating order and in good repair, and all floors cleaned, all to the reasonable satisfaction of Landlord. and
(ii) damage caused by any peril or condemnation.
(b) If Landlord so requests, Tenant shall, at its sole cost and prior to the expiration or earlier sooner termination of this Lease, ;
(i) remove any Leasehold Improvements not constructed or installed in compliance with Paragraph 5.1 hereof designated by Landlord, Alterations that Tenant is required to remove pursuant to this Lease and repair all damage caused by such removal. , and
(ii) return the Leased Premises or any part of the Leased Premises to its original configuration existing as of the time the Leased Premises were delivered to Tenant.
(c) If the Leased Premises are not so surrendered at the termination of this Lease, Tenant shall be liable to Landlord for all costs incurred by Landlord in returning the Leased Premises to the required condition, plus interestand all Alterations, from including all trade fixtures, shall become the date property of demand for payment of such costs to the date paid, on all costs incurred at the rate of fifteen percent (15%) per annum (or the maximum rate allowed by law if such rate is less than 15% per annum)Landlord. Tenant shall indemnify Landlord against loss or liability resulting from delay by Tenant in so surrendering the Leased Premises, including, including without limitation, limitation any claims made by any succeeding tenant or losses to Landlord due to lost opportunities to lease to succeeding tenants.
Appears in 2 contracts
Surrender of the Leased Premises. Immediately prior to the Expiration Date or upon the earlier termination of this Lease, Tenant shall remove all Tenant’s Trade Fixtures and other personal property and vacate and surrender the Leased Premises to Landlord in the same condition as existed at the Commencement Date, reasonable wear and tear excepted. Without limiting the generality of the foregoing, Tenant shall surrender the Leased Premises with all interior walls cleaned, all carpets shampooed and cleaned, all HVAC equipment within the Leased Premises in operating order and in good repair, and all floors cleaned, all to the reasonable satisfaction of Landlord. If Landlord so requests, Tenant shall, at its sole cost and prior to Upon the expiration or earlier termination of this Lease, Tenant shall immediately surrender the Leased Premises to Landlord in broom-clean condition, in good condition and repair and in accordance with the surrender conditions listed on the Exhibit “E” attached hereto, reasonable wear and tear and casualty excepted. Tenant shall also remove its personal property, trade fixtures, and any Leasehold Improvements not constructed or installed in compliance with Paragraph 5.1 hereof of Tenant’s alterations designated by LandlordLandlord pursuant to Section 7.03 hereof to be so removed, and promptly repair all any damage caused by such removal. If the Leased Premises are not so surrendered at the termination of this Lease, Tenant shall be liable to Landlord for all costs incurred by Landlord in returning and restore the Leased Premises to the required condition, plus interest, from condition existing prior to the date of demand for payment installation of such costs items. If Tenant fails to the date paiddo so, on all costs incurred at the rate of fifteen percent (15%) per annum (or the maximum rate allowed by law if such rate is less than 15% per annum). Tenant shall indemnify Landlord against loss or liability resulting from delay by Tenant in so surrendering may restore the Leased PremisesPremises to such condition at Tenant’s expense, includingLandlord may cause all of said property to be removed at Tenant’s expense, and Tenant hereby agrees to pay all the costs and expenses thereby reasonably incurred. All Tenant property which is not removed within ten (10) days following Landlord’s written demand therefor shall be conclusively deemed to have been abandoned by Tenant, and Landlord shall be entitled to dispose of such property at Tenant’s cost without limitation, thereby incurring any claims made by any succeeding tenant liability to Tenant. The provisions of this Section 2.03 shall survive the expiration or losses to Landlord due to lost opportunities to lease to succeeding tenantsother termination of this Lease.
Appears in 2 contracts
Sources: Lease Agreement (Container Store Group, Inc.), Lease Agreement (Container Store Group, Inc.)
Surrender of the Leased Premises. Immediately prior to the Expiration Date expiration or upon the earlier sooner termination of this Lease, Tenant shall remove all of Tenant’s Trade Fixtures and other personal property property, and vacate and surrender the Leased Premises to Landlord in the same condition as existed at the Commencement Date, reasonable wear and tear and damage by fire or other casualty or condemnation excepted. Without limiting the generality of the foregoing, Tenant shall surrender the Leased Premises with all interior walls cleaned, all carpets shampooed and cleaned, all HVAC equipment within serving only the Leased Premises (i.e., the two (2) ton unit to the Server Room) in operating order and in good repair, and all floors cleaned, all to the reasonable satisfaction of Landlord. If Landlord so requestsrequests and provided Landlord duly delivered a Removal Notice with respect thereto, Tenant shall, at its sole cost and prior to not later than the expiration or earlier sooner termination of this Lease, remove any Leasehold Improvements not constructed or installed in compliance with Paragraph 5.1 hereof by Tenant after the Commencement Date designated by Landlord, Landlord and repair all damage caused by such removal. If the Leased Premises are not so surrendered at the termination of this Lease, Tenant shall be liable to Landlord for all actual and reasonable costs incurred by Landlord in returning the Leased Premises to the required condition, plus interest, from the date of demand for payment of such costs to the date paid, interest on all costs incurred at the rate Agreed Interest Rate. Tenant, on or before the end of fifteen percent (15%) per annum (the Term or sooner termination of this Lease, shall remove all of Tenant’s personal property and trade fixtures from the Premises, and all property not so removed on or before the end of the Term or sooner termination of this Lease shall be deemed abandoned by Tenant, upon written notice to Tenant and five business days from receipt of such notice to remove said property, and title to same shall thereupon pass to Landlord without compensation to Tenant. Landlord may, upon termination of this Lease and five business days’ prior notice to Tenant, remove all moveable furniture and equipment so abandoned by Tenant, at Tenant’s sole cost, and repair any damage caused by such removal at Tenant’s sole cost. Nothing contained herein shall be construed as an extension of the Term hereof or as consent by Landlord to any holding over by Tenant. The voluntary or other surrender of this Lease or the maximum rate allowed by law if such rate is less than 15% per annum). Tenant shall indemnify Landlord against loss or liability resulting from delay Premises by Tenant in so surrendering or a mutual cancellation of this Lease shall not work as a merger and, at the Leased Premisesoption of Landlord, including, without limitation, shall either terminate all or any claims made by any succeeding tenant existing subleases or losses sub-tenancies or operate as an assignment to Landlord due to lost opportunities to lease to succeeding tenantsof all or any such subleases or sub-tenancies.
Appears in 2 contracts
Sources: Multi Tenant Space Lease (Nevro Corp), Multi Tenant Space Lease (Nevro Corp)
Surrender of the Leased Premises. Immediately prior to Upon the Expiration Date expiration or upon the earlier termination of this Lease, Tenant shall remove all Tenant’s Trade Fixtures and other personal property and vacate and surrender the Leased Premises to Landlord in the same condition as existed at the Commencement Date, reasonable wear and tear excepted. Without limiting the generality of the foregoing, Tenant shall surrender the Leased Premises with all interior walls cleaned, all carpets shampooed and cleaned, all HVAC equipment within the Leased Premises in operating order and in good repair, and all floors cleaned, all to the reasonable satisfaction of Landlord. If Landlord so requests, Tenant shall, at its sole cost and prior expense, immediately (a) surrender the Leased Premises to Landlord in broom-clean condition and in good order, condition and repair, (b) remove from the Leased Premises or where located (i) Tenant's Property (as defined in Section 8.01 below), (ii) all data and communications equipment, wiring and cabling (including above ceiling, below raised floors and behind walls), and (iii) any alterations required to be removed pursuant to Section 7.03 below, and (c) repair any damage caused by any such removal and restore the Leased Premises to the condition existing upon the Commencement Date for each suite of the Leased Premises (or if better, then the condition existing upon the Effective Date with respect to Suite 200 and Suite 300), except that Tenant shall not be responsible to repair any damage caused by reasonable wear and tear, to repair any damage from casualty or condemnation that Tenant is not required to repair under the terms of this Lease, or to make any repairs that Tenant is not responsible for under this Lease. Notwithstanding the foregoing, Tenant shall not be required to remove any alterations or other interior improvements from the Leased Premises that Tenant is permitted or required under this Lease to surrender at the expiration or earlier termination of this Lease. Upon the expiration or earlier termination of this Lease, remove all of Tenant's Property that is not removed within ten (10) days following Landlord's written demand therefor shall be conclusively deemed to have been abandoned and Landlord shall be entitled to dispose of Tenant's Property at Tenant's cost, without incurring any Leasehold Improvements not constructed liability to Tenant. This Section 2.03 shall survive the expiration or installed in compliance with Paragraph 5.1 hereof designated by Landlord, and repair all damage caused by such removal. If the Leased Premises are not so surrendered at the any earlier termination of this Lease, Tenant shall be liable to Landlord for all costs incurred by Landlord in returning the Leased Premises to the required condition, plus interest, from the date of demand for payment of such costs to the date paid, on all costs incurred at the rate of fifteen percent (15%) per annum (or the maximum rate allowed by law if such rate is less than 15% per annum). Tenant shall indemnify Landlord against loss or liability resulting from delay by Tenant in so surrendering the Leased Premises, including, without limitation, any claims made by any succeeding tenant or losses to Landlord due to lost opportunities to lease to succeeding tenants.
Appears in 1 contract
Sources: Office Lease (eHealth, Inc.)
Surrender of the Leased Premises. Immediately prior A. At the end of this Lease or any renewal thereof, Tenant must vacate and shall immediately and peacefully surrender and return to the Expiration Date or upon Landlord the earlier termination possession of this Lease, the Leased Premises. Tenant shall remove all Tenant’s Trade Fixtures and other personal property and vacate and peaceably surrender the Leased Premises to Landlord on the date the Lease shall expire in the same as good condition as existed at the Commencement Date, reasonable when Tenant took possession less normal wear and tear exceptedtear. Without limiting On the generality of the foregoing, Expiration Date Tenant shall surrender all keys to the Leased Premises. The Leased Premises shall be cleared out of all occupants, furniture, personal articles, and effects of any kind.
B. All movable partitions, business and trade fixtures, machinery and equipment, which is not provided or install by the Landlord, as well as any articles of the Tenant’s movable personal property shall be removed from the Leased Premises with all interior walls cleaned, all carpets shampooed and cleaned, all HVAC equipment within without causing any damage to the Leased Premises in operating order and in good repair, and all floors cleaned, all or any surrounding or common areas. In the event that such removal causes any damage to the reasonable satisfaction of Landlord. If Landlord so requestsLeased Premised, or any surrounding or common areas, the Tenant shall, at its sole cost is fully responsible for repair or replacement and prior shall promptly repair or replace any damages to the expiration Landlord’s satisfaction. Tenant’s failure to repair or earlier termination of this Lease, remove replace any Leasehold Improvements not constructed or installed in compliance with Paragraph 5.1 hereof designated by Landlord, and repair all damage caused by such removal. If the Leased Premises are not so surrendered at the termination of this Lease, Tenant shall be liable to Landlord for all costs incurred by Landlord in returning the Leased Premises to the required condition, plus interest, from the date of demand Landlord’s satisfaction will result in charges made against any security deposit held and/or Tenant being billed in full for payment of such costs to the date paid, on all costs incurred at the rate of fifteen percent (15%) per annum (repairs or the maximum rate allowed by law if such rate is less than 15% per annum). replacement.
C. If Tenant shall indemnify Landlord against loss abandons or liability resulting from delay by Tenant in so surrendering surrenders the Leased Premises, including, without limitationor is dispossessed, any claims made by any succeeding tenant or losses of Tenant’s Property left on the Leased Premises shall be deemed to be abandoned, and at Landlord’s option, title shall pass to Landlord due under this Lease as by a ▇▇▇▇ of sale. If Landlord elects to lost opportunities remove any part of such Tenant’s Property, the cost of removal, including repairing any damage to lease to succeeding tenantsthe property caused by such removal shall be paid by Tenant.
Appears in 1 contract
Sources: Commercial Lease Agreement
Surrender of the Leased Premises. Immediately prior to (a) Upon the Expiration Date expiration or upon the earlier sooner termination of this Lease, Tenant shall remove all Tenant’s Trade Fixtures and other personal property and vacate and surrender the Leased Premises to Landlord in the same condition as existed at the Commencement Date, except for:
(i) reasonable wear and tear excepted. Without limiting the generality of the foregoingtear, Tenant shall surrender the Leased Premises with all interior walls cleaned, all carpets shampooed and cleaned, all HVAC equipment within the Leased Premises in operating order and in good repair, and all floors cleaned, all to the reasonable satisfaction of Landlord. and
(ii) damage caused by any peril or condemnation.
(b) If Landlord so requests, Tenant shall, at its sole cost and prior to the expiration or earlier sooner termination of this Lease, :
(i) remove any Leasehold Improvements not constructed or installed in compliance with Paragraph 5.1 hereof designated by Landlord, Alterations that Tenant is required to remove pursuant to this Lease and repair all damage caused by such removal. , and
(ii) return the Leased Premises or any part of the Leased Premises to its original configuration existing as of the time the Leased Premises were delivered to Tenant.
(c) If the Leased Premises are not so surrendered at the termination of this Lease, Tenant shall be liable to Landlord for all costs incurred by Landlord in returning the Leased Premises to the required condition, plus interest, from the date of demand for payment of such costs to the date paid, on all costs incurred at the rate of fifteen percent (15%) per annum (or the maximum rate allowed by law if such rate is less than 15% per annum). Tenant shall indemnify Landlord against loss or liability resulting from delay by Tenant ▇▇▇▇▇▇ in so surrendering the Leased Premises, including, including without limitation, limitation any claims made by any succeeding tenant or losses to Landlord due to lost opportunities to lease to succeeding tenants.
Appears in 1 contract
Sources: Industrial Lease
Surrender of the Leased Premises. Immediately prior to the Expiration Date expiration or upon the earlier termination of this Lease, Tenant shall remove all Tenant’s Trade Fixtures and other personal property property, repair all damage caused by the installation and removal of such property, and vacate and surrender the Leased Premises to Landlord immediately upon expiration or the earlier termination in the same condition as existed at the Commencement Date, reasonable wear and tear excepted. Without limiting the generality of the foregoing, Tenant shall surrender the Leased Premises with (a) all interior walls and painted surfaces cleaned, (b) all holes in walls and floors repaired, (c) all carpets shampooed and cleaned, all HVAC equipment within the Leased Premises in operating order and in good repair, and (d) all floors cleaned, ; all to the reasonable satisfaction of Landlord. If Landlord so requests, Tenant shall, at its sole cost and shall prior to the expiration or earlier termination of this LeaseLease or within ten (10) days of Landlord’s request, whichever is later: (a) remove any Leasehold Improvements not constructed or installed in compliance with Paragraph 5.1 hereof designated by Landlord, and (b) repair all damage caused by such removalremoval and (c) restore the Leased Premises to the condition existing prior to the time such removed Leasehold Improvements were initially installed. In the alternative Landlord may elect that Tenant pay to Landlord the amount to so restore the Leased Premises to the condition required by Landlord hereunder. If the Leased Premises are not so surrendered at the expiration or earlier termination of this Lease, Tenant shall be liable to Landlord for all costs reasonably incurred by Landlord in returning the Leased Premises to the required condition, plus interest, from the date of demand for payment of such costs to the date paid, interest on all costs incurred at the rate of fifteen percent (15%) per annum (or the maximum rate allowed by law if such rate is less than 15% per annum)Agreed Interest Rate. Tenant shall indemnify Landlord against loss or liability resulting from delay by Tenant in so surrendering the Leased Premises, including, without limitation, any claims made by any succeeding tenant or losses to Landlord due to lost opportunities to lease to succeeding tenants. Any furniture, Trade Fixtures, equipment, and other personal property of Tenant or any other person left on the Leased Premises after Tenant has abandoned, vacated, or surrendered the Leased Premises shall be deemed to be abandoned and Landlord may dispose of such property as it deems expedient, at Tenant’s expense. Notwithstanding the foregoing and/or anything to the contrary contained in this Lease, Landlord acknowledges and agrees that Tenant shall not be required to remove any of the initial Tenant Improvements (as such term is defined in Exhibit C attached hereto) at the expiration or earlier termination of this Lease.
Appears in 1 contract
Surrender of the Leased Premises. Immediately prior to the Expiration Date expiration or upon the earlier termination of this Lease, Tenant shall remove all Tenant’s 's Trade Fixtures and other personal property property, repair all damage caused by the installation and removal of such property, and vacate and surrender the Leased Premises to Landlord in the same condition as existed at the Commencement Date, reasonable wear and tear excepted. Without limiting the generality of the foregoing, Tenant shall surrender the Leased Premises with (i) all interior walls cleaned, (ii) all interior painted surfaces to be repainted in the original color, (iii) all holes in walls and floor repaired, (iv) all carpets shampooed and cleaned, (v) all HVAC equipment within the Leased Premises in good operating order and in good repair, and (vi) all floors cleaned, all to the reasonable satisfaction of Landlord. If Landlord so requests, Tenant shall, at its sole cost and prior to the expiration or earlier termination of this Lease, (i) remove any Leasehold Improvements not constructed or installed in compliance with Paragraph 5.1 hereof designated by Landlord, and (ii) repair all damage caused by such removalremoval and (iii) restore the Leased Premises to the condition existing prior to the time such removed Leasehold Improvements were initially installed. Landlord may hire independent contractors to inspect any HVAC system serving the Leased Premises for the purpose of determining whether they have been properly maintained by Tenant, and Tenant shall pay the cost thereof within ten (10) days after receipt of a statement therefor from Landlord. If the Leased Premises are not so surrendered at the termination of this Lease, Tenant shall be liable to Landlord for all costs incurred by Landlord in returning the Leased Premises to the required condition, plus interest, from the date of demand for payment of such costs to the date paid, interest on all costs incurred at the rate of fifteen percent (15%) per annum (or the maximum rate allowed by law if such rate is less than 15% per annum)Agreed Interest Rate. Tenant shall indemnify Landlord against loss or liability resulting from delay by Tenant in so surrendering the Leased Premises, including, without limitation, any claims made by any succeeding tenant or losses to Landlord due to lost opportunities to lease to succeeding tenants. Any personal property of Tenant or any other person left on the Leased Premises after Tenant has abandoned, vacated, or surrendered the Leased Premises shall be deemed to be abandoned and Landlord may dispose of such property in accordance with the provisions of California Civil Code Sections 1980-1991.
Appears in 1 contract
Sources: Office Lease (Healthetech Inc)
Surrender of the Leased Premises. Immediately prior to (a) Upon the Expiration Date expiration or upon the earlier sooner termination of this Lease, Tenant shall remove all Tenant’s Trade Fixtures and other personal property and vacate and surrender the Leased Premises to Landlord in the same condition as existed at the Commencement Date, except for:
(i) reasonable wear and tear excepted. Without limiting the generality of the foregoingtear, Tenant shall surrender the Leased Premises with all interior walls cleaned, all carpets shampooed and cleaned, all HVAC equipment within the Leased Premises in operating order and in good repair, and all floors cleaned, all to the reasonable satisfaction of Landlord. and
(ii) damage caused by any peril or condemnation.
(b) If Landlord so requests, Tenant shall, at its sole cost and prior to the expiration or earlier sooner termination of this Lease, :
(i) remove any Leasehold Improvements not constructed or installed in compliance with Paragraph 5.1 hereof designated by Landlord, Alterations that Tenant is required to remove pursuant to this Lease and repair all damage caused by such removal. , and
(ii) return the Leased Premises or any part of the Leased Premises to its original configuration existing as of the time the Leased Premises were delivered to Tenant.
(c) If the Leased Premises are not so surrendered at the termination of this Lease, Tenant shall be liable to Landlord for all costs incurred by Landlord in returning the Leased Premises to the required condition, plus interest, from the date of demand for payment of such costs to the date paid, on all costs incurred at the rate of fifteen percent (15%) per annum (or the maximum rate allowed by law if such rate is less than 15% per annum). Tenant shall indemnify Landlord against loss or liability resulting from delay by Tenant in so surrendering the Leased Premises, including, including without limitation, limitation any claims made by any succeeding tenant or losses to Landlord due to lost opportunities to lease to succeeding tenants.
Appears in 1 contract
Sources: Industrial Lease
Surrender of the Leased Premises. Immediately prior to the Expiration Date expiration or upon the earlier sooner termination of this Lease, Tenant shall remove all of Tenant’s Trade Fixtures (except if such non-removal has been previously consented to by Landlord) and other personal property property, and vacate and surrender the Leased Premises to Landlord in the same condition as existed at the Commencement Date, and as improved from time-to-time as permitted by this Lease, reasonable wear and tear and damage by casualty excepted. Without limiting the generality of the foregoing, Tenant shall surrender the Leased Premises with all interior walls cleaned, all carpets shampooed and cleaned, all HVAC equipment within the Leased Premises in operating order and in good repair, and all floors cleaned, all to the reasonable satisfaction of Landlord. If Landlord so requestsrequests and provided Landlord duly delivered a Removal Notice with respect thereto, Tenant shall, at its sole cost and prior to not later than the expiration or earlier sooner termination of this Lease, remove any Leasehold Improvements not constructed or installed in compliance with Paragraph 5.1 hereof by Tenant after the Commencement Date designated by Landlord, Landlord and repair all damage caused by such removal. If the Leased Premises are not so surrendered at the termination of this Lease, Tenant shall be liable to Landlord for all actual and reasonable costs incurred by Landlord in returning the Leased Premises to the required condition, plus interest, from the date of demand for payment of such costs to the date paid, interest on all costs incurred at the rate of fifteen percent (15%) per annum (or the maximum rate allowed by law if such rate is less than 15% per annum)Agreed Interest Rate. Tenant shall indemnify Landlord against loss or liability resulting from delay by Tenant in so surrendering the Leased Premises, including, without limitation, any claims made by any succeeding tenant or losses to Landlord due to lost opportunities to lease to succeeding tenants, provided that Landlord gives Tenant at least 15 days’ advance notice of such claims. Tenant, on or before the end of the Term or sooner termination of this Lease, shall remove all of Tenant’s personal property and trade fixtures from the Premises, and all property not so removed on or before the end of the Term or sooner termination of this Lease shall be deemed abandoned by Tenant and title to same shall thereupon pass to Landlord without compensation to Tenant. Landlord may, upon termination of this Lease and five days’ prior notice to Tenant, remove all moveable furniture and equipment so abandoned by Tenant, at Tenant’s sole cost, and repair any damage caused by such removal at Tenant’s sole cost. Nothing contained herein shall be construed as an extension of the Term hereof or as consent by Landlord to any holding over by Tenant. The voluntary or other surrender of this Lease or the Premises by Tenant or a mutual cancellation of this Lease shall not work as a merger and, at the option of Landlord, shall either terminate all or any existing subleases or sub-tenancies or operate as an assignment to Landlord of all or any such subleases or sub-tenancies.
Appears in 1 contract
Surrender of the Leased Premises. Immediately prior to the Expiration Date expiration or upon the earlier sooner termination of this Lease, Tenant shall remove all Tenant’s 's Trade Fixtures and other personal property and vacate and surrender the Leased Premises to Landlord in the same condition as existed at the Rent Commencement Date, reasonable wear and tear excepted. Without limiting the generality of the foregoing, Tenant shall surrender the Leased Premises with all interior walls cleaned, all carpets shampooed and cleaned, all HVAC equipment within the Leased Premises Premises, if any, installed by Tenant in operating order and in good repair, and all floors cleaned, all to the reasonable satisfaction of Landlord. If Landlord so requestsmay, at Tenant's expense, hire independent contractors to inspect any HVAC system serving the Leased Premises installed by Tenant or electrical system within the Leased Premises installed by Tenant for the purpose of determining whether they have been properly maintained by Tenant, and Tenant shall pay the cost thereof within ten (10) days after receipt of a statement therefore from Landlord. Upon request by Land▇▇▇▇, ▇▇nant shall, at its sole cost and prior to the expiration or earlier sooner termination of this Lease, remove any Leasehold Tena▇▇'▇ ▇easehold Improvements not constructed or installed in compliance with Paragraph 5.1 hereof designated by Landlord, Landlord and repair all damage caused by such removal. If the Leased Premises are not so surrendered at the termination of this Lease, Tenant shall be liable to Landlord for all costs incurred by Landlord in returning the Leased Premises to the required condition, plus interest, from the date of demand for payment of such costs to the date paid, interest on all costs incurred at the maximum applicable rate permitted by Law, but in no event higher than the prime interest rate charged by Bank of fifteen percent (15%) per annum (or the maximum rate allowed by law if such rate is less than 15% per annum)America. Tenant shall indemnify Landlord against loss or liability resulting from delay by Tenant in Tena▇▇ ▇▇ so surrendering the Leased Premises, including, without limitation, any claims made by any succeeding tenant or losses to Landlord due to lost opportunities to lease to succeeding tenants.
Appears in 1 contract
Surrender of the Leased Premises. Immediately prior A. At the end of this Lease or any renewal thereof, Tenant must vacate and shall immediately and peacefully surrender and return to the Expiration Date or upon Landlord the earlier termination possession of this Lease, the Leased Premises. Tenant shall remove all Tenant’s Trade Fixtures and other personal property and vacate and peaceably surrender the Leased Premises to Landlord on the date the Lease shall expire in the same broom-clean condition and in as good condition as existed at when ▇▇▇▇▇▇ took possession. On the Commencement Date, reasonable wear and tear excepted. Without limiting the generality of the foregoing, Expiration Date Tenant shall surrender all keys to the Leased Premises. The Leased Premises shall be cleared out of all occupants, furniture, personal articles, and effects of any kind.
B. All movable partitions, business and trade fixtures, machinery and equipment, which is not provided or installed by the Landlord, as well as any other articles of the Tenant’s movable personal property shall be removed from the Leased Premises with all interior walls cleaned, all carpets shampooed and cleaned, all HVAC equipment within without causing any damage to the Leased Premises or any surrounding or common areas. In the event that such removal causes any damage to the Leased Premises, or any surrounding or common areas, the Tenant is fully responsible for repair or replacement and shall promptly repair or replace any damages to the Landlord’s satisfaction. Tenant’s failure to repair or replace any damage to the Landlord’s satisfaction will result in operating order and charges made against any security deposit held and/or Tenant being billed in good repairfull for repairs or replacement.
C. If Tenant abandons or surrenders the Leased Premises, or is dispossessed, any of Tenant's Property left on the Leased Premises shall be deemed to be abandoned, and all floors cleanedat Landlord's option, all title shall pass to the reasonable satisfaction Landlord under this Lease as by a bill of Landlordsale. If Landlord so requestselects to remove any part of such Tenant's Property, Tenant shallthe cost of removal, at its sole cost and prior including repairing any damage to the expiration or earlier termination of this Lease, remove any Leasehold Improvements not constructed or installed in compliance with Paragraph 5.1 hereof designated by Landlord, and repair all damage property caused by such removal. If the Leased Premises are not so surrendered at the termination of this Lease, Tenant shall be liable to Landlord for all costs incurred paid by Landlord in returning the Leased Premises to the required condition, plus interest, from the date of demand for payment of such costs to the date paid, on all costs incurred at the rate of fifteen percent (15%) per annum (or the maximum rate allowed by law if such rate is less than 15% per annum). Tenant shall indemnify Landlord against loss or liability resulting from delay by Tenant in so surrendering the Leased Premises, including, without limitation, any claims made by any succeeding tenant or losses to Landlord due to lost opportunities to lease to succeeding tenantsTenant.
Appears in 1 contract
Sources: Commercial Lease Agreement
Surrender of the Leased Premises. Immediately prior to Upon the Expiration Date expiration or upon the earlier termination of this Lease, Tenant shall remove all Tenant’s Trade Fixtures and other personal property and vacate and surrender the Leased Premises to Landlord Landlord, broom-clean and in the same condition as existed at the Commencement Date, except for (i) reasonable wear and tear excepted. Without limiting the generality of the foregoing, Tenant shall surrender the Leased Premises with all interior walls cleaned, all carpets shampooed and cleaned, all HVAC equipment within the Leased Premises in operating order and in good repairtear, and all floors cleaned, all to the reasonable satisfaction of Landlord(ii) damage caused by any Casualty or condemnation. If Landlord so requests, Tenant shall, at its sole cost and prior to the expiration or earlier termination of this Lease, Lease (i) remove any Leasehold Improvements not constructed or installed in compliance with Paragraph 5.1 hereof designated by Landlord, Alterations that Tenant is required to remove pursuant to this Lease and repair all damage caused by such removal, and (ii) return the Leased Premises or any part of the Leased Premises to its original configuration existing as of the time the Leased Premises were delivered to Tenant. If the Leased Premises are not so surrendered at the termination of this Lease, Tenant shall be liable to Landlord for all costs reasonably incurred by Landlord in returning the Leased Premises to the required condition, plus interest, from the date of demand for payment of such costs to the date paid, on all costs incurred at the rate of fifteen percent (15%) per annum (or the maximum rate allowed by law if such rate is less than 15% per annum). Tenant shall indemnify Landlord against loss all liability, penalties, losses, damages, costs, expenses, causes of action, claims, charges, liens, assessments, fines or liability resulting judgments of any kind arising from delay by Tenant in so surrendering the Leased Premises, including, including without limitation, limitation any claims made by any succeeding tenant or losses to Landlord due to lost opportunities to lease to succeeding tenantstenants as long as Tenant was provided with at least 10 days prior written notice of any potential lost opportunities, including without limitation a reasonably detailed outline of the potential damages that Landlord shall suffer as a result of Tenant’s delay. This indemnification shall survive the expiration or earlier termination of this Lease.
Appears in 1 contract
Sources: Lease (Marvel Entertainment, Inc.)
Surrender of the Leased Premises. Immediately prior to (a) Upon the Expiration Date expiration or upon the earlier sooner termination of this Lease, Tenant shall remove all Tenant’s Trade Fixtures and other personal property and vacate and surrender the Leased Premises and the Equipment to Landlord in the same condition as existed at the Commencement Date, except for:
(i) reasonable wear and tear excepted. Without limiting the generality of the foregoingtear, Tenant shall surrender the Leased Premises with all interior walls cleaned, all carpets shampooed and cleaned, all HVAC equipment within the Leased Premises in operating order and in good repair, and all floors cleaned, all to the reasonable satisfaction of Landlord. and
(ii) damage caused by any peril or condemnation.
(b) If Landlord so requests, Tenant shall, at its sole cost and prior to the expiration or earlier sooner termination of this Lease, :
(i) remove any Leasehold Improvements not constructed or installed in compliance with Paragraph 5.1 hereof designated by Landlord, Alterations that Tenant is required to remove pursuant to this Lease and repair all damage caused by such removal. , and
(ii) return the Leased Premises or any part of the Leased Premises to its original configuration existing as of the time the Leased Premises were delivered to Tenant.
(iii) Tenant shall remedy any condition of the Leased Premises that is required by any order, law, or regulation of any government agency having jurisdiction over the Leased Premises.
(c) If the Leased Premises and/or the Equipment are not so surrendered at the termination of this Lease, Tenant shall be liable to Landlord for all costs incurred by Landlord in returning the Leased Premises and/or the Equipment to the required condition, plus interest, from the date of demand for payment of such costs to the date paid, on all costs incurred at the rate of fifteen percent (15%) per annum (or the maximum rate allowed by law if such rate is less than 15% per annum). Tenant shall indemnify Landlord against loss or liability resulting from delay by Tenant in so surrendering the Leased PremisesPremises and/or the Equipment, including, including without limitation, limitation any claims made by any succeeding tenant or losses to Landlord due to lost opportunities to lease to succeeding tenants.
Appears in 1 contract
Sources: Commercial Lease Agreement