Existing FF&E definition
Examples of Existing FF&E in a sentence
Tenant shall not (i) remove any of the Existing FF&E from the Premises, (ii) assign the Existing FF&E as collateral or otherwise, (iii) sell any of the Existing FF&E, or (iv) give any third party a security interest or any other interest in such Existing FF&E.
Landlord shall have no obligation to maintain or repair such Existing FF&E.
Upon the expiration or earlier termination of this Lease, Tenant shall promptly surrender such Existing FF&E to Landlord in good condition and repair, normal wear and tear excepted, at the Premises.
In the event Tenant fails to maintain and repair the Existing FF&E in accordance with this Section 29.32, Landlord shall have the right to repair such Existing FF&E, at Tenant’s sole cost and expense, and Tenant shall reimburse Landlord for the cost of such maintenance and repair within ten (10) days following Landlord’s request therefor.
Subject to the provisions of this Section 3 and Section 9.1, Tenant accepts the Premises and the Existing FF&E in their existing “as-is” condition.
At the expiration or earlier termination of the Term, Tenant shall leave the Existing FF&E in the same condition as delivered to Tenant, reasonable wear and tear, and damage or loss due to casualty excepted.
Landlord owns the Existing FF&E clear of any liens, provided that Landlord hereby makes no representations or warranties regarding the condition of such Existing FF&E, and Tenant accepts such Existing FF&E in its currently existing, “as-is” condition.
With respect to the insurance which Tenant is obligated to maintain on its personal property during the Lease Term pursuant to the terms and conditions of Section 10.3.2 of this Lease, Tenant shall cause such insurance to also cover the Existing FF&E.
Tenant shall keep and maintain the Existing FF&E in good condition and repair throughout the Term.
Tenant hereby agrees that Tenant shall maintain and repair such Existing FF&E in good condition and repair throughout the Lease Term, at Tenant’s sole cost and expense.