Holdover Period Sample Clauses

Holdover Period. Brokerage Firm’s fee applies to Property contracted for (or leased if § 3.5.2 is checked) during the 162 Term of this Buyer Listing Contract or any extensions and also applies to Property contracted for or leased within calendar 163 days after the Listing Period expires (Holdover Period) (1) if the Property is one on which Broker negotiated and (2) if Broker 164 submitted its address or other description in writing to Buyer during the Listing Period, (Submitted Property). Provided, however, 165 Buyer Will Will Not owe the compensation under §§ 7.1, 7.2, 7.3.1 and 7.3.2 as indicated, if a commission is earned by 166 another real estate brokerage firm acting pursuant to an exclusive agreement with Xxxxx entered into during the Holdover Period, 167 and a Sale or Lease of the Submitted Property is consummated. If no box if checked in this § 7.4, then Buyer does not owe the 168 commission to Brokerage Firm.

Holdover Period. 2.5.1 Any period of time during which the Franchisee is performing any of the Services or is occupying the Inalienable Property with the Structures other than during (i) the Initial Term or (ii) the Extended Term constitutes a Holdover Period. 2.5.2 Unless specified in a particular clause of this Agreement, terms and conditions governing Franchisee’s obligations with respect to the Services and its occupation of the Inalienable Property succeed the termination or expiration of this Agreement during the Holdover Period. 2.5.3 The Franchisee acknowledges and accepts that DoITT, in its sole discretion, may require the Franchisee to immediately cease performing any part of the Services or to remove any one or more Structures or the entire System during any Holdover Period. Continued occupancy or operation during a Holdover Period subject to the obligations described in this Section 2.5 shall not be construed as a renewal or other extension of this Agreement or the Franchise granted pursuant to this Agreement, nor as a limitation on the remedies, if any, available to the City as a result of such continued operation after the Term, including, but not limited to, damages and restitution.

Holdover Period. Brokerage Firm’s fee shall apply to Property contracted for (or leased if § 3.5.2 is checked) during 161 the Term of this Buyer Listing Contract or any extensions and shall also apply to Property contracted for or leased within 90 162 calendar days after this Buyer Listing Contract expires or is terminated (Holdover Period) (1) if the Property is one on which 163 Broker negotiated and (2) if Broker submitted its address or other description in writing to Buyer during the Term (Submitted 164 Property). Provided, however, Buyer 165 as indicated, if a commission is earned by another real estate brokerage firm acting pursuant to an exclusive agreement with Xxxxx 166 entered into during the Holdover Period, and a Sale of Lease of the Submitted Property is consummated. If no box if checked 167 above in this § 7.5, then Buyer shall not owe the commission to Brokerage Firm.

Holdover Period. If any Sale occurs within 6 (six) months after expiry of the Term of this Agreement or any extension thereof (the “Holdover Period”), to any person, corporation, or other entity which the Broker or any agent of the Broker during the Term hereof or any extension thereof, identified and offered the Domain Name(s) to, then Client shall immediately pay the Commission to Broker as if such Sale occurred during the Term hereof. A “holdover period” can also be referred to as a “tail” on an agreement. The reason for a Holdover Period is to ensure that the Broker is compensated for any Buyer originally identified by the Broker during the Term of the Agreement. This Holdover Period can be any length of time agreed upon between Seller and Broker. It should also be established how ‘identified buyers’ will be determined. Brokers often spend considerable time, effort, and resources in marketing a Domain Name, contacting potential purchasers, and negotiating terms, all without any payment up front. Clients benefit from this arrangement because they only pay a ‘success fee’, without any financial burden being incurred unless a successful deal is made. But what happens when the Broker does all that leg work and lines up a purchaser who has agreed to all the Client’s terms, but the transaction only closes a week after the expiry of the Term, for example? ‘Holdover clauses’ are common in real estate and in domain name brokerage contracts to protect Brokers against a Client purposefully or even unintentionally, taking advantage of the Broker having found a purchaser or having set up a Sale only to have it occur only once the Term has expired. Often the Broker and the Client acting in good faith will simply extend the Term so that the Broker can assist with completing the transaction and will receive its Commission. This can also sometimes be accomplished by including a provision in the Agreement that automatically extends the Term if a transaction is pending. However, such a provision does not deal with the situation where there is no active transaction pending, but the Client decides to go to a prospective purchaser that the Broker found, and sell the Domain Name once the Term is over. Holdover clauses are a matter for negotiation of how long the duration of a Holdover period should be. It can range from weeks to months, with the longer duration of course being in the interest of the Broker. Long Holdover periods can negatively affect a Client because the Client will be oblig...

Holdover Period. Brokerage Firm’s Success Fee applies to Property contracted for (or leased if § 3.5.2 is checked) 161 during the Listing Period of this Buyer Listing Contract or any extensions and also applies to Property contracted for or leased within 162 calendar days after the Listing Period expires (Holdover Period) (1) if the Property is one on which Broker negotiated and (2) 163 if Broker submitted its address or other description in writing to Buyer during the Listing Period (Submitted Property). Provided, 164 however, Buyer Will Will Not owe the Brokerage Firm’s Success Fee under §§ 7.1, 7.2, 7.3.1 and 7.3.2 as indicated, if a 165 commission is earned by another brokerage firm acting pursuant to an exclusive agreement with Xxxxx entered into during the 166 Holdover Period, and a Purchase or Lease of the Submitted Property is consummated. If no box is checked in this § 7.4, then Buyer 167 does not owe the Brokerage Firm’s Success Fee to Brokerage Firm.

Holdover Period. If the Lessor consents to DHA continuing to occupy the Property after the end of the term (“holdover period”): (a) the provisions set out in this agreement (other than those regarding the term of this agreement) continue to apply; and (b) this agreement may be terminated by no less than: (i) 1 month’s written notice from DHA to the Lessor; or (ii) 60 days written notice from the Lessor to DHA, or such lesser time frame as is permitted under the Act.

Holdover Period. Brokerage Firm’s fee applies to Property contracted for (or leased if § 3.5.2 is checked) during the 162 Term of this Buyer Listing Contract or any extensions and also applies to Property contracted for or leased within calendar 163 days after the Listing Period expires(Holdover Period) (1) if the Property is one on which Broker negotiated and (2) if Broker 164 submitted its address or other description in writing to Buyer during the Listing Period, (Submitted Property). Provided, however, 165 Buyer 166 another real estate brokerage firm acting pursuant to an exclusive agreement with Xxxxx entered into during the Holdover Period, 167 and a Sale or Lease of the Submitted Property is consummated. If no box is checked in this § 7.4, then Buyer does not owe the 168 commission to Brokerage Firm.

Holdover Period. 161 the Term of this Buyer Listing Contract or any extensions and shall also apply to Property contracted for or leased within 162 calendar days after this Buyer Listing Contract expires or is terminated (Holdover Period) (1) if the Property is one on which 163 Broker negotiated and (2) if Broker submitted its address or other description in writing to Buyer during the Term, (Submitted 164 Property). Provided, however, Buyer Shall Shall Not , 7.2.2, 7.2.4 and 7.4 165 as indicated, if a commission is earned by another real estate brokerage firm acting pursuant to an exclusive agreement with Xxxxx 166 entered into during the Holdover Period, and a Sale or Lease of the Submitted Property is consummated. If no box is checked 167

Holdover Period. Brokerage Firm’s fee applies to Property contracted for (or leased if § 3.5.2 is checked) during the Term of this Buyer Listing Contract or any extensions and also applies to Property contracted for or leased within 180 calendar days after the Listing Period expires(Holdover Period) (1) if the Property is one on which Broker negotiated and (2) if Broker submitted its address or other description in writing to Buyer during the Listing Period, (Submitted Property). Provided, however, Buyer Will Will Not owe the compensation under §§ 7.1, 7.2, 7.3.1 and 7.3.2 as indicated, if a commission is earned by another real estate brokerage firm acting pursuant to an exclusive agreement with Xxxxx entered into during the Holdover Period, and a Sale or Lease of the Submitted Property is consummated. If no box is checked in this § 7.4, then Buyer does not owe the commission to Brokerage Firm.

Holdover Period. How long is it for and who which prospective buyers/tenants does it apply to? A sixty or ninety day holdover period is not unusual and a list should be provided as to who has demonstrated a serious – not casual interest – in the property. Don’t use wording like “introduced” or “shown” – they just lead to litigation and can be detrimental to an owner.