Holdover Term Clause Samples
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Holdover Term. If Licensee fails to remove the Approved Equipment at the expiration of the Term, such failure shall be deemed to extend the Term of this Agreement on a month-to-month basis under the same terms and conditions herein except that (i) a monthly license fee shall be due on or before the first day of every calendar month during such month-to-month term in an amount equal to one hundred fifty percent (150%) of the Monthly License Fee in effect for the last month of the Term prior to the commencement of such month-to-month term (“Holdover Fee”), such Holdover Fee to escalate annually on the anniversary of the Commencement Date by an amount equal to six percent (6%) of the Holdover Fee in effect for the month immediately prior to the month in which such escalation takes place, and (ii) the month-to-month extension shall be terminable upon fifteen (15) days’ prior written notice from either Licensor or Licensee to the other; provided, however, nothing contained herein shall grant Licensee the unilateral right to extend the Term of this Agreement after the expiration of the Term. In addition to the monthly license fee payable to Licensor in the event of an extension under this Subsection 6(c), Licensee agrees to indemnify and hold Licensor harmless from any Damages arising out of or in connection with the extension, the operation of the Approved Equipment at the Tower Facility and Licensee’s failure to perform all of its obligations under this Agreement at the termination or earlier expiration of this Agreement.
Holdover Term. In the event Subtenant holds over and remains in possession of the Premises with the consent of Sublandlord after the expiration or earlier termination of this Sublease Agreement, such holdover shall not be deemed to extend this Sublease Agreement, and Subtenant shall be deemed to hold the Premises as a tenant from month-to-month, and all of the terms, conditions, and covenants of this Sublease Agreement shall be applicable during the holdover period and Subtenant specifically agrees to indemnify and hold Sublandlord harmless for any and all liability, damages, costs and expenses for which Sublandlord may be liable to Prime Landlord or a subsequent tenant or subtenant as a result of such holdover by Subtenant, which may include consequential damages and attorneys’ fees. Notwithstanding the foregoing, no holdover by Subtenant shall operate to extend this Sublease Agreement, and Subtenant shall vacate and surrender the Premises to Sublandlord upon Subtenant’s being given thirty (30) days prior written notice from Sublandlord to vacate.
Holdover Term. If Tenant shall hold over after the expiration of the Primary Term or any extension or renewal of such term, the holdover tenancy shall continue in accordance with all the terms of this Lease, except that Base Rent shall equal of the Base Rent in effect at the end of the Lease Term (the holdover period shall be referred to in this Lease as the “Holdover Term”). Landlord shall be deemed to consent to Tenant’s holding over if it is reasonably required by Tenant to perform or satisfy any of Tenant’s obligations to Landlord under this Lease, applicable law, or otherwise. However, ▇▇▇▇▇▇’s activities on the Leased Premises pursuant to Section 7.8 shall not be deemed a holdover pursuant to this Section 5.3. Except as provided herein, a Holdover Term may be terminated by either Landlord or Tenant upon not less than 30 days written notice; however, any Holdover Term shall end only at the end of a calendar month.
Holdover Term. This License shall renew on a year to year basis if neither party provides the other with notice of termination no less than ninety (90) days prior to the expiration of the last Renewal Term. Either party may terminate this License during each such annual renewal period by providing the other with notice of termination no less than thirty (30) days prior to the end of each such annual renewal period.
Holdover Term. At the end of the Term this Lease shall continue on a month-to-month tenancy (the “Holdover Term”). With thirty (30) days written notice, either party may terminate this Lease during the Holdover Term. The Holdover Term created by this Article will be subject to all remaining terms and conditions of this Lease.
Holdover Term. In the event that Lessee becomes a holdover tenant following the Initial Term due to its failure to exercise its option to renew under the terms the Lease, or following the Renewal Term, the rent shall be 150% of the Rent rate in effect on the last day of the Initial Term or Renewal Term as the case may be, payable in monthly installments for the holdover period.
Holdover Term. This Lease shall continue on a Month- to-Month holdover basis on the same terms and conditions after the Initial Term ends.
Holdover Term a. ▇▇▇▇▇▇’s right to possess the Premises shall immediately terminate at the end of the Term or within ninety (90) days after the earlier termination of this Lease unless the Parties are then currently negotiating in good faith to reach a new agreement.
b. If upon the end of the Term or the earlier termination hereof, the Parties are in the process of negotiating a new lease agreement or extension to the Term in good faith, or otherwise upon the written consent of LESSOR, and ▇▇▇▇▇▇ holds over past the expiration or earlier termination of this Lease, then the Rent in effect immediately prior to the expiration or earlier termination of this Lease shall be increased by one hundred fifty percent (150%) (“Holdover Rent”). Holdover shall be on a month-to-month basis subject to termination by either Party hereto upon thirty (30) days written notice to the other Party. Holdover is subject to all of the applicable terms of this Lease including, without limitation, the Holdover Rent and annual increases set out in this Land Lease Agreement Paragraph.
Holdover Term. This Lease shall continue on a Month- to-Month holdover basis at 150% of the last month’s rent with the same terms and conditions after the Initial Term ends, if the Option Term is not exercised.
Holdover Term. If Tenant shall hold over after the expiration of the Primary Term or any extension or renewal of such term, the holdover tenancy shall continue in accordance with