Common use of Holdover Clause in Contracts

Holdover. In the event that Sublessee does not surrender the Subleased Premises upon the expiration or earlier termination of this Agreement, Sublessee shall indemnify, defend and hold harmless Sublessor from and against all loss and liability resulting from Sublessee's delay in surrendering the Subleased Premises and pay Sublessor holdover rent in the amount of one hundred fifty percent (150%) of the Base Rent and Additional Rent payable in the last month of the Term prior to the expiration or earlier termination thereof.

Appears in 6 contracts

Samples: Sharing Agreement (Tn Technologies Holding Inc), Sharing Agreement (Tn Technologies Holding Inc), Space Sharing Agreement (Tn Technologies Holding Inc)

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Holdover. In the event that Sublessee does not surrender the Subleased Premises upon by the expiration or earlier termination Expiration Date in accordance with the terms of this AgreementSublease, Sublessee shall indemnify, defend defend, protect and hold harmless Sublessor from and against all loss and liability resulting from Sublessee's ’s delay in surrendering the Subleased Premises and pay Sublessor holdover rent as provided in the amount of one hundred fifty percent (150%) Section 16 of the Base Rent and Additional Rent payable in the last month of the Term prior to the expiration or earlier termination thereofMaster Lease, as incorporated herein.

Appears in 6 contracts

Samples: Sublease (Assembly Biosciences, Inc.), Sublease (Twist Bioscience Corp), Sublease (Menlo Therapeutics, Inc.)

Holdover. In the event that Sublessee does not surrender the Subleased Premises upon by the expiration or earlier termination of this AgreementSublease in accordance with the terms of this Sublease, Sublessee shall indemnify, defend defend, protect and hold harmless Sublessor from and against all loss and liability resulting from Sublessee's Xxxxxxxxx’s delay in surrendering the Subleased Premises and pay Sublessor holdover rent as provided in the amount of one hundred fifty percent (150%) Article 16 of the Base Rent and Additional Rent payable in the last month of the Term prior to the expiration or earlier termination thereofMaster Xxxxx, as incorporated herein.

Appears in 2 contracts

Samples: Sublease (CARGO Therapeutics, Inc.), Sublease (CARGO Therapeutics, Inc.)

Holdover. In the event that Sublessee If Subtenant does not surrender the Subleased Premises upon by the expiration or earlier termination Expiration Date in accordance with the terms of this AgreementSublease, Sublessee Subtenant shall indemnify, defend defend, protect and hold harmless Sublessor Sublandlord from and against all loss and liability resulting from Sublessee's Subtenant’s delay in surrendering the Subleased Premises to Sublandlord, and pay Sublessor the holdover rent in under Article 12 of the amount of one hundred fifty percent (150%) Master Lease shall be 200% of the Base Rent and Additional Rent payable in the last month of the Term prior to the expiration or earlier termination thereofRent.

Appears in 1 contract

Samples: Sublease (Compass Therapeutics, Inc.)

Holdover. In the event that Sublessee does not surrender the Subleased Premises upon by the expiration or earlier termination Expiration Date in accordance with the terms of this AgreementSublease, Sublessee shall indemnify, defend defend, protect and hold harmless Sublessor from and against all loss and liability resulting from Sublessee's ’s delay in surrendering the Subleased Premises and pay Sublessor holdover rent as provided in the amount of one hundred fifty percent (150%) Article 16 of the Base Rent and Additional Rent payable in the last month of the Term prior to the expiration or earlier termination thereofMaster Lease. 7.

Appears in 1 contract

Samples: Standard Biotools Inc.

Holdover. In the event that Sublessee does not surrender the Subleased Premises upon by the expiration or earlier termination Expiration Date in accordance with the terms of this AgreementSublease, Sublessee shall indemnify, defend defend, protect and hold harmless Sublessor from and against all loss and liability resulting from Sublessee's Xxxxxxxxx’s delay in surrendering the Subleased Premises and pay Sublessor holdover rent with respect to the Subleased Premises as provided in the amount of one hundred fifty percent (150%) Section 16 of the Base Rent and Additional Rent payable in the last month of the Term prior to the expiration or earlier termination thereofMaster Lease, as incorporated herein.

Appears in 1 contract

Samples: Sublease (CytomX Therapeutics, Inc.)

Holdover. In the event that Sublessee does not surrender the Subleased Premises upon by the expiration or earlier termination Expiration Date in accordance with Sections 10 and 32(f) of this Agreementthe Master Lease, as incorporated herein, Sublessee shall indemnify, defend defend, protect and hold harmless Sublessor from and against all loss and liability resulting from Sublessee's delay in surrendering the Subleased Premises and pay Sublessor holdover rent as provided in the amount of one hundred fifty percent (150%) Section 35 of the Base Rent and Additional Rent payable in the last month of the Term prior to the expiration or earlier termination thereofMaster Lease, as incorporated herein.

Appears in 1 contract

Samples: Sublease Agreement (Artisoft Inc)

Holdover. In the event that Sublessee does not surrender the Subleased -------- Premises upon by the expiration or earlier termination Expiration Date in accordance the terms of this AgreementSublease, Sublessee shall indemnify, defend defend, protect and hold harmless Sublessor from and against all loss and liability resulting from Sublessee's delay in surrendering the Subleased Premises and pay Sublessor holdover rent in equal to one and one-half times the amount of one hundred fifty percent (150%) of the Base Rent and Additional Rent payable in under this Sublease during the last month of the Term prior to the expiration or earlier termination thereofTerm.

Appears in 1 contract

Samples: Sublease (Placeware Inc)

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Holdover. In the event that Sublessee does not surrender the Subleased Premises upon by the expiration or earlier termination Expiration Date in accordance with the terms of this AgreementSublease, Sublessee shall indemnify, defend defend, protect and hold harmless Sublessor from and against all loss and liability resulting from Sublessee's ’s delay in surrendering the Subleased Premises and pay Sublessor holdover rent with respect to the Subleased Premises as provided in the amount of one hundred fifty percent (150%) Section 16 of the Base Rent and Additional Rent payable in the last month of the Term prior to the expiration or earlier termination thereofMaster Lease, as incorporated herein.

Appears in 1 contract

Samples: Sublease (Alector, Inc.)

Holdover. In the event that Sublessee does not surrender the Subleased Premises upon by the expiration or earlier termination Expiration Date in accordance with the terms of this Agreement, Sublease. Sublessee shall indemnify, protect, defend and hold harmless Sublessor from and against all loss losses, costs, liabilities and liability damages resulting from Sublessee's delay in surrendering the Subleased Premises and pay Sublessor holdover rent as provided in the amount of one hundred fifty percent (150%) Section 12 of the Base Rent and Additional Rent payable in the last month of the Term prior to the expiration or earlier termination thereofMaster Lease.

Appears in 1 contract

Samples: Sublease (Senomyx Inc)

Holdover. In the event that Sublessee does not surrender the Subleased Premises upon by the expiration or earlier termination Expiration Date in accordance with the terms of this AgreementSublease, Sublessee shall indemnify, protect, defend and hold harmless Sublessor from and against all loss losses, costs, liabilities and liability damages resulting from Sublessee's delay in surrendering the Subleased Premises and pay Sublessor holdover rent as provided in the amount of one hundred fifty percent (150%) Section 12 of the Base Rent and Additional Rent payable in the last month of the Term prior to the expiration or earlier termination thereofMaster Lease.

Appears in 1 contract

Samples: Sublease (Senomyx Inc)

Holdover. In the event that Sublessee does not surrender the Subleased Premises upon by the expiration or earlier termination Expiration Date in accordance with the terms of this AgreementSublease, Sublessee shall indemnify, defend defend, protect and hold harmless Sublessor from and against all loss and liability resulting from Sublessee's ’s delay in surrendering the Subleased Premises and pay Sublessor holdover rent as provided in the amount of one hundred fifty percent (150%) Section 16 of the Base Rent and Additional Rent payable in Master Lease, as incorporated herein, and, if the last month holdover extends beyond the termination of the Term prior to Master Lease, the expiration or earlier termination thereofterms of Section 16 of the Master Lease.

Appears in 1 contract

Samples: Sublease (Prothena Corp Public LTD Co)

Holdover. In the event that Sublessee does not surrender the Subleased -------- Premises upon in accordance with the expiration or earlier termination terms of this AgreementSublease, Sublessee shall indemnify, defend and hold harmless Sublessor from and against all loss loss, claims, liabilities and liability damages resulting from Sublessee's delay in surrendering the Subleased Premises in the condition required under the terms of this Sublease and shall pay to Sublessor holdover rent in the amount of equal to one hundred fifty percent (150%) of the Base Rent and Additional Rent payable in the last month of the Term prior to the expiration or earlier termination thereofhereunder.

Appears in 1 contract

Samples: Letter Agreement (Durect Corp)

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