Surrender on Termination. 12.01 UTS will, at the expiration or sooner termination of the Term, peaceably surrender and yield up to the University the Licensed Premises in as good a state of repair and condition, as was the case as at the commencement of the Term, subject to the use and damage caused by other users of the Licensed Premises, reasonable wear and tear excepted.
Appears in 2 contracts
Sources: Affiliation Agreement, Affiliation Agreement