Common use of Overholding Clause in Contracts

Overholding. If the Tenant remains in possession of the Premises after the end of the Term with the consent of the Landlord but without having executed and delivered a new lease or an agreement extending the Term, there shall be no tacit renewal of this Lease, and the Tenant shall be deemed to be occupying the Premises as a Tenant from month to month at a monthly Net Rent payable in advance on the first day of each month equal to twice the monthly amount of Net Rent payable during the last month of the Term, and otherwise upon the same terms as are set forth in this Lease, so far as these are applicable to a monthly tenancy.

Appears in 3 contracts

Sources: Lease Agreement (Sideware Systems Inc), Lease Agreement (Braintech Inc/Bc), Office Lease (Phon Net Com Inc)

Overholding. If the Tenant remains in possession of the Premises after the end of the Term with the consent of the Landlord but without having executed and delivered a new lease or an agreement extending the Term, there shall be no tacit renewal of this Lease, and the Tenant shall be deemed to be occupying the Premises as a Tenant from month to month at a monthly Net Rent payable in advance on the first day of each month equal to twice the monthly amount of Net Rent payable during the last month of the Term, and otherwise upon the same terms as are set forth in this Lease, so far as these are applicable to a monthly tenancy.

Appears in 3 contracts

Sources: Lease Agreement (Fortune Entertainment Corp /De/), Lease Agreement (Fortune Entertainment Corp /De/), Lease Agreement (Bingo Com Inc)

Overholding. If the Tenant remains in possession of the Premises after the end of the Term with the consent of the Landlord but without having executed and delivered a new lease or an agreement extending the Term, there shall be no tacit renewal of this Leaselease, and the Tenant shall be deemed to be occupying the Premises as a Tenant tenant from month to month at a monthly Net Rent payable in advance on the first day of each month equal to twice one hundred and fifty percent (150%) of the monthly amount of Net Rent payable during the last month of the Term, and otherwise upon the same terms as are set forth in this Leaselease, so far as these are applicable to a monthly tenancy.

Appears in 1 contract

Sources: Industrial Lease (Lorus Therapeutics Inc)

Overholding. If the Tenant remains in possession of the Premises after the end of the Term with the consent of the Landlord but without having executed and delivered a new lease or an agreement extending the Term, there shall be no tacit renewal of this Lease, Lease and the Tenant shall be deemed to be occupying the Premises as a Tenant from month to month at a monthly Net Rent payable in advance on the first day of each month equal to twice 150% of the monthly amount of Net Rent payable during the last month of the Term, and otherwise upon the same terms as are set forth in this Lease, so far as these are applicable to a monthly tenancy.

Appears in 1 contract

Sources: Office Lease (Sierra Oncology, Inc.)

Overholding. There will be no tacit renewal of this Lease. If the Tenant remains in possession of the Premises after the end expiry of the Term with the consent of the Landlord but without having executed and delivered a new lease or an agreement extending the Term, there shall be no tacit renewal of this Leasethe Landlord may, at its option and without prejudice to its other rights, treat the Tenant shall be deemed to be occupying the Premises as a Tenant tenant from month to month at a monthly Net Basic Rent payable in advance on the first day of each month equal to twice 150% of the monthly amount of Net Basic Rent payable during in respect of the last month of the TermTerm for which Basic Rent is payable, and otherwise upon the same terms as are set forth in this Lease, Lease so far as these are applicable to a monthly tenancy.

Appears in 1 contract

Sources: Lease Agreement (Harris Interactive Inc)

Overholding. If the Tenant remains in possession of the Premises after the end of the Term with the consent of the Landlord but without having executed and delivered a new lease or an agreement extending the Term, there shall be no tacit renewal of this Leaselease, and the Tenant shall be deemed to be occupying the Premises as a Tenant tenant from month to month at a monthly Net Rent payable in advance on the first day of each month equal to twice the monthly amount of Net Rent payable during the last month of the Term, and otherwise upon the same terms as are set forth in this Leaselease, so far as these are applicable to a monthly tenancy.

Appears in 1 contract

Sources: Lease Agreement (Patheon Inc)

Overholding. If the Tenant remains in possession of the Premises after the end of the Term with the consent of the Landlord but without having executed and delivered a new lease or an agreement extending the Term, there shall be no tacit renewal of this Lease, and the Tenant shall be deemed to be occupying the Premises as a Tenant from month to month at a monthly Net Rent payable in advance on the first day of each month equal to twice the monthly amount of Net Rent payable during the last month of the Term, Term and otherwise upon the same terms as are set forth in this Lease, so far as these are applicable to a monthly tenancytenancy including the payment of monthly installments of estimated items of Additional Rent.

Appears in 1 contract

Sources: Sublease Agreement (Haemacure Corp)

Overholding. If the Tenant remains in possession of the Leased Premises after the end of the Term with the consent of the Landlord but without having executed and delivered a new lease or an agreement extending the Term, there shall be is no tacit renewal of this LeaseLease despite anything to the contrary, and the Tenant shall be deemed to be occupying will occupy the Leased Premises as a Tenant from month to month at a tenant. The monthly Net Rent Basic Rent, payable in advance on the first day of each month month, will be equal to the total of: (a) twice the monthly amount of Net Basic Rent payable during for the last month of the Term and (b) the Additional Rent payable for the last month of the Term, and otherwise upon . All of the same terms other provisions of this Lease will apply as are set forth in this Lease, so far as these are applicable they can to a monthly tenancy, with any necessary modifications being assumed.

Appears in 1 contract

Sources: Office Lease (Telvent Git S A)