Holdover Rent definition

Holdover Rent means the sum of (i) 200% of the monthly base rent amount in effect on the termination date of this Lease plus (ii) your Proportionate Share of Operating Costs.

Holdover Rent means 200% of the rent in effect under the Real Property Lease for the period immediately prior to such vacation or eviction.

Holdover Rent shall have the meaning set forth in Section 20.3.

Examples of Holdover Rent in a sentence

• Generally teachers did not view word processing on computers as useful, although some teachers believed the spell-checker tool would be of use for students if computers were more accessible, along with enough supervision.

• The parties agree that the Holdover Rent shall not be deemed as a penalty but rather as bargained for liquidated damages in order to compensate the City for Lessee’s unlawful holdover of the Demised Premises.

• Should the Tenant continue to occupy the Premises after the effective date of termination, per proper notice by either party, the Tenant will be considered as “holding over” and the new monthly rent, known as Holdover Rent, shall be twice the amount as last charged prior to termination.

• Lessee shall not construe anything contained in this Section, including Xxxxxx's payment of Holdover Rent, as Nuix's (a) waiver of Lessee's failure to perform any obligation under this Addendum; or (b) assent to any renewal of this Addendum.

• If by the expiration of the Term, Xxxxxx does not return the Equipment to Nuix in the condition and on the terms and conditions of Section 6, Lessee shall continue to comply with all the terms and conditions of this Addendum, including the obligation to pay 110% of the prorated daily Rent for each day from the expiration of the Term until the date on which Lessee returns such Equipment to Nuix in the manner required under Section 6 ("Holdover Rent").

More Definitions of Holdover Rent

Holdover Rent has the meaning set forth in Section 3.1 of the Lease. ------------- ----------- "Indebtedness" of any Person means, without duplication: ------------

Holdover Rent is defined as the difference between the normal monthly rent that Tenant is currently paying as of January 1, 1989 and the rent Tenant is paying as of April 1, 1989. The Holdover Rent shall be verified by delivery, by Tenant to Landlord, of the holdover lease agreement. All holdover provisions negotiated by Tenant with its current landlord are subject to Landlord's (Issaquah #1) approval. For every month after April 1989 that the Premises are not Substantially Complete as defined in Paragraph 1C, Landlord shall pay to Tenant the Holdover Rent as described in the above paragraph. The first day of every month or the date required for rent payment in the holdover agreement, whichever is later, shall be the reference date for the month when determining Substantial Completion.

Holdover Rent means, for each month or partial month that Tenant holds over, 150% of the Minimum Rent payable by Tenant during the last month of the term plus 150% of the Additional Rent payable by Tenant during the last six months of the term.

Holdover Rent. The greater of: [*] of Rent or the fair market rent for the Space with other standard holdover provisions.

Holdover Rent has the meaning set forth in Section 20.05. “Indemnitees” has the meaning set forth in Section 18.01. “Item of Equipment” means an individual item of Equipment.

Holdover Rent shall 7 mean the actual amount of rent per month paid by COUNTY to Main Street Building lessor during the Holdover Period up to $179,865.00 per month. COUNTY shall provide written documentation of 9 any Holdover Rent claimed pursuant to this section. LESSOR shall apply the amount of the Holdover Rent Reimbursement to the monthly rent payable and first coming due under this Lease. The 11 Holdover Rent Reimbursement shall be in addition to the Construction Delay Penalty.

Holdover Rent means an amount equal to the difference under the Existing Lease between (x) the monthly base rent or portion thereof payable by Tenant under the Existing Lease in the month preceding expiration of such Existing Lease and (y) the monthly base rent or portion thereof payable by Tenant under the Existing Lease during any holdover term, and shall expressly exclude any consequential, punitive or other speculative damages or any indemnification obligations, but in no event an amount in excess of One Million Five Hundred Ninety Thousand Two Hundred Sixty-Seven and 13/100 Dollars ($1,590,267.13). Tenant represents to Landlord that the term of the Existing Lease expires on JuLy31, 2014, the monthly base rent payable under the Existing Lease for the July, 2014 calendar month is $374,184.50, the monthly base rent payable under the Existing Lease during the first month of the holdover term is $561,276.75, and the monthly base rent payable under the Existing Lease during the remaining months of the holdover term is $654,822.88. If the Substantial Completion Date does not occur by the date which is one hundred eighty (180) days after the Anticipated Delivery Date, Tenant shall be entitled to no additional reimbursement for Tenant's Pre-Construction Costs pursuant to Section 2.2.2(a) or Section 2.2.2(b) or reimbursement for Holdover Rent pursuant to Section 2.2.2(c) or Section 2.2.3(c) incurred after an Outside Delivery Date (as defined below) provided that the foregoing shall not limit Tenant's rights pursuant to Section 2.2.3. The parties acknowledge that amounts set forth in this Section 2.2.2 and Section 2.2.3(c) are presently reasonable considering all of the circumstances existing as of the Lease Date, including, without limitation, the range of harm to Tenant that reasonably could be anticipated and the anticipation that proof of actual damages would be extremely difficult and impracticable, and that the payment of such liquidated damages is not intended as a forfeiture or penalty, but is intended to constitute liquidated damages. By executing this provision where indicated below, each party specifically confirms the accuracy of the statements made above and the fact that each party fully understood the consequences of these liquidated damages provisions at the time the Lease was executed and delivered by the parties. Lanlord's Initials : ____/s/_____ Tenant's Initials: ____/s/_____