Common use of Month-to-Month Tenancy on Acceptance Clause in Contracts

Month-to-Month Tenancy on Acceptance. If Lessee should remain in possession of the Leased Premises after the expiration of the Lease term and without executing a new Lease, then, upon acceptance of rent by Lessor, such holding over shall be construed as a tenancy from month to month, subject to all the conditions, provisions and obligations of this Lease as existed during the last month of the term hereof, so far as applicable to a month to month tenancy, except that the Minimum Monthly Rent shall be equal to twice the Minimum Monthly Rent payable immediately prior to the expiration or sooner termination of the Lease.

Appears in 1 contract

Samples: Office Lease (Thinking Tools Inc)

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Month-to-Month Tenancy on Acceptance. If Lessee should remain in possession of the Leased Premises after the expiration of the Lease term and without executing a new Lease, then, upon acceptance of rent by Lessor, such holding over shall be construed as a tenancy from month to month, subject to all the conditions, provisions and obligations of this Lease as existed during the last month of the term hereof, so far as applicable to a month to month tenancy, except that the Minimum Monthly Rent shall be equal to twice the Minimum Monthly Rent payable immediately prior to the expiration or sooner termination of the Lease.

Appears in 1 contract

Samples: Sputnik, Inc.

Month-to-Month Tenancy on Acceptance. If Lessee should remain in possession of the Leased Premises after the expiration of the Lease term Term and without executing a new Lease, then, upon acceptance of rent by Lessor, such holding over shall be construed as a tenancy from month to month-to-month, subject to all the conditions, provisions and obligations of this Lease as existed during the last month of the term Term hereof, so far as applicable to a month to month tenancy, except that the Minimum Monthly Rent shall be equal to twice the Minimum Monthly Rent payable immediately prior to the expiration or sooner termination of the Lease. ARTICLE 40.

Appears in 1 contract

Samples: Service Office Lease (Thermogenesis Corp)

Month-to-Month Tenancy on Acceptance. If Lessee should remain in possession of the Leased Premises after the expiration of the Lease term and without executing a new Lease, then, upon acceptance of rent by Lessor, such holding over shall be construed as a tenancy from month to month, subject to all the conditions, provisions and obligations of this Lease as existed during the last month of the term hereof, so far as applicable to a month to month tenancy, except that the Minimum Monthly Rent shall be equal to twice one and a half times the Minimum Monthly Rent payable immediately prior to the expiration or sooner termination of the Lease.

Appears in 1 contract

Samples: Salient Lease Terms (Innova Corporation)

Month-to-Month Tenancy on Acceptance. If Lessee should remain in possession of the Leased Premises after the expiration of the Lease term Term and without executing a new Lease, then, upon acceptance of rent Rent by Lessor, such holding over shall be construed as a tenancy from month to month-to-month, subject to all the conditions, provisions and obligations of this Lease as existed during the last month of the term Term hereof, so far as applicable to a month to month tenancy, except that the Minimum Monthly Rent shall be equal to twice one hundred fifty percent (150%) of the Minimum Monthly Rent payable immediately prior to the expiration or sooner earlier termination of the Lease.

Appears in 1 contract

Samples: Office Lease (Itex Corp)

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Month-to-Month Tenancy on Acceptance. If Lessee should remain in possession of the Leased Premises after the expiration of the Lease term the. Term and without executing a new Lease, then, upon acceptance of rent by Lessor, such holding over shall be construed as a tenancy from month to month, subject to all the conditions, provisions and obligations of this Lease as existed during the last month of the term hereof, so far as applicable to a month to month tenancy, except that the Minimum Monthly Rent shall be equal to twice 1251 of the Minimum Monthly Rent payable immediately prior to the expiration or sooner termination of the Lease.

Appears in 1 contract

Samples: Second Lease Amendment (Sangstat Medical Corp)

Month-to-Month Tenancy on Acceptance. If Lessee Xxxxxx should remain in possession of the Leased Premises after the expiration of the Lease term Term and without executing a new Lease, then, upon acceptance of rent by Lessor, such holding over shall be construed as a tenancy from month to month-to-month, subject to all the conditions, provisions and obligations of this Lease as existed during the last month of the term Term hereof, so far as applicable to a month to 52. month tenancy, except that the Minimum Monthly Rent shall be equal to twice the Minimum Monthly Rent payable immediately prior to the expiration or sooner termination of the Lease.

Appears in 1 contract

Samples: Letter Agreement (Linuxcare Inc)

Month-to-Month Tenancy on Acceptance. If Lessee should remain in possession of the Leased Premises after the expiration of the Lease term Term and without executing a new Lease, then, upon acceptance of rent by Lessor, such holding over shall be construed as a tenancy from month to month-to-month, subject to all the conditions, provisions and obligations of this Lease as existed during the last month of the term Term hereof, so far as applicable to a month to month-to-month tenancy, except that the Minimum Monthly Rent shall be equal to twice one hundred fifty percent (150%) of the Minimum Monthly Rent payable immediately prior to the expiration or sooner termination of the Lease.

Appears in 1 contract

Samples: MCB Financial Corp

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