Common use of VESTING OF REPAIRS, ALTERATIONS, IMPROVEMENTS OR REPLACEMENTS Clause in Contracts

VESTING OF REPAIRS, ALTERATIONS, IMPROVEMENTS OR REPLACEMENTS. Any repairs, alterations, improvements or replacements made by the Lessee to or in said leased Premises which by their nature are determined to be fixtures shall upon termination of this agreement, except and subject as in this Lease is otherwise specifically provided, be vested in title in the Corporation without any payment of compensation to the Lessee in respect of the repairs, alterations, improvements or replacements; nevertheless, the Corporation shall have the option of requiring or compelling the Lessee upon written notice, to remove such repairs, alterations, improvements or replacements, and the Lessee shall be so bound to remove and shall restore the said leased Premises to its original condition all at the cost and expense of the Lessee and without any right on the part of the Lessee to seek compensation for any reason whatsoever.

VESTING OF REPAIRS, ALTERATIONS, IMPROVEMENTS OR REPLACEMENTS. Any repairs, alterations, improvements or replacements made by the Lessee to or in said leased Premises upon the Land which by their nature are determined to be fixtures shall upon termination of this agreementlease, except and subject as in this Lease is lease otherwise specifically provided, be vested in title in to the Corporation Lessor without any payment of compensation to the Lessee in respect of the repairs, alterations, improvements or replacements; nevertheless, the Corporation Lessor shall have the option of requiring or compelling the Lessee upon written notice, to remove such repairs, alterations, improvements or replacements, and the Lessee shall be so bound to remove and shall restore the said leased Premises Land to its original condition all at the its sole cost and expense of the Lessee and without any right on the part of the Lessee to seek compensation for any reason whatsoever.