Common use of Title to the Improvements Clause in Contracts

Title to the Improvements. Subject to the Existing Encumbrances, State owns all right, title and interest in and to the Improvements located on the Leased Premises as of the Effective Date. This Lease conveys a leasehold interest to Lessee for the act and privilege of occupying and using the Leased Premises for the Permitted Use, including performing the Rehabilitation of such Improvements. Nothing herein shall be construed as conveying to Lessee title to the Leased Premises, or the Improvements. In conducting the Rehabilitation, title to the Improvements shall at all times remain vested in State, subject to the Existing Encumbrances and Lessee’s rights under this Lease. At the expiration or earlier termination of this Lease, all of the Improvements, as restored by the Rehabilitation, except the trade fixtures, appliances, and equipment of Lessee or any Sublessee shall vest in State free and clear of Lessee’s interest.