Common use of Holdover Term Clause in Contracts

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. 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 115% 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.