Common use of Surrender Holding Over Clause in Contracts

Surrender Holding Over. On the expiration or earlier termination of this Lease, Tenant shall yield up the Premises to Landlord in the same condition and repair in which the Premises were on the Commencement Date, or as the same may have been improved during the Term, reasonable wear and tear, obsolescence excepted, and subject to fire and casualty and condemnation which shall be governed by the applicable provisions of this Lease. Tenant shall not be required to remove any Tenant Improvements or alterations or other improvements to the Premises permitted by Landlord unless Landlord's consent thereto was conditioned in writing upon removal thereof. Tenant shall, however, have the right to remove any trade fixtures or equipment, provided it shall repair any damage to the Premises resulting therefrom. If Tenant remains in possession of the Premises after expiration of the Term, or after any permitted termination of the Lease by Landlord, with Landlord's acquiescence and without any written agreement between the parties, Tenant shall be a tenant at sufferance and such tenancy shall be subject to all the provisions hereof, except that the Monthly Base Rental for said holdover period shall be one hundred fifty percent (150%) of the amount of Rent due in the last full month of the Term. There shall be no renewal of this Lease by operation of law. Nothing in this Paragraph shall be construed as a consent by Landlord to the possession of the Premises by Tenant after the expiration or earlier termination of the Term.

Appears in 1 contract

Samples: Lease Agreement (Labone Inc/)

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Surrender Holding Over. On Upon the expiration or earlier termination of this Lease, Tenant Lessee shall yield up surrender the Premises to Landlord in the same good condition and repair in which the Premises were on the Commencement Daterepair, or as the same may have been improved during the Term, reasonable normal wear and tear, obsolescence tear excepted, and subject in compliance with all of its maintenance obligations hereunder, and shall remove all of its Fixtures and Alterations pursuant to fire and casualty and condemnation which shall be governed by Section 8 herein. All Fixtures or other personal property of Lessee left in or about the applicable provisions Premises upon the expiration or termination of this LeaseLease shall become the property of Lessor to be disposed of as Lessor deems expedient, and Lessee promptly reimburse Lessor for all costs incurred by Lessor in connection with any such disposal. Tenant shall not be required to remove any Tenant Improvements or alterations or other improvements to In the Premises permitted by Landlord unless Landlord's consent thereto was conditioned in writing upon removal thereof. Tenant shall, however, have the right to remove any trade fixtures or equipment, provided it shall repair any damage to the Premises resulting therefrom. If Tenant event Lessee remains in possession of the Premises or fails to remove its Fixtures and Alterations after the expiration of the Termterm of this Lease, or after any permitted termination extensions hereof without the written consent of Lessor, Lessee shall then be obligated to pay Rent at 150% of the Lease by Landlord, with Landlord's acquiescence then-current rate (including all adjustments) and without any written agreement between all other sums then payable hereunder prorated on a daily basis for each day that Lessee so holds over. If the parties, Tenant shall be a tenant Premises are not surrendered at sufferance and such tenancy shall be subject to all the provisions hereof, except that the Monthly Base Rental for said holdover period shall be one hundred fifty percent (150%) end of the amount of Rent due Term or sooner termination thereof in the last full month of condition required by this Lease, Lessee shall indemnify Lessor against all loss or liability resulting from delay by Lessee in so surrendering the TermPremises. There Lessee’s obligations under this Section 27 shall be no renewal of this Lease by operation of law. Nothing in this Paragraph shall be construed as a consent by Landlord to the possession of the Premises by Tenant after survive the expiration or earlier termination of the Termthis Lease.

Appears in 1 contract

Samples: Lease (BioSig Technologies, Inc.)

Surrender Holding Over. On the expiration last day of the term of this Lease, or upon any earlier termination of this Lease, Tenant or upon any re-entry by LANDLORD upon the Demised Premises, TENANT shall yield up peaceably and without notice of any sort, quit and surrender the Demised Premises to Landlord LANDLORD in good order, condition, and repair, except for ordinary wear and tear and such damage or destruction as LANDLORD is required to repair or restore under the terms of this Lease, and TENANT shall remove all of TENANT's property therefrom. TENANT specifically agrees that in the same condition event TENANT retains possession and repair does not so quit and Surrender the Demised Premises to LANDLORD, then TENANT shall pay LANDLORD (i) all damages that LANDLORD may suffer on account of TENANT's failure to so surrender and quit the Demised Premises, including but not limited to any and all claims made by succeeding tenant of the Demised Premises against LANDLORD based on delay of LANDLORD in which delivering possession of the Demised Premises were on to said succeeding tenant to the Commencement Dateextent such delay is occasioned by the failure of TENANT to so quit and surrender said Premises, and (ii) rent for each month or as any applicable portion of a month of such holding over at twice the same may have been improved amount payable for the month immediately preceding the termination of this Lease, during the Term, reasonable wear and tear, obsolescence excepted, and subject to fire and casualty and condemnation which shall be governed by time the applicable TENANT thus remains in possession. The provisions of this Leaseparagraph do not waive any of the LANDLORD's rights of re-entry or any other right under the terms of this lease or the laws of Florida. Tenant If TENANT shall not be required fail to remove any Tenant Improvements or alterations or other improvements to surrender the Premises permitted by Landlord unless Landlord's consent thereto was conditioned in writing upon removal thereofas herein provided, no new tenancy shall be created and TENANT shall be guilty of unlawful detainer. Tenant shall, however, have the right to remove any trade fixtures No surrender of this Lease or equipment, provided it shall repair any damage to the Premises resulting therefrom. If Tenant remains in possession of the Premises after expiration of the Term, or after any permitted termination of the Lease by Landlord, with Landlord's acquiescence and without any written agreement between the parties, Tenant shall be a tenant at sufferance and such tenancy shall be subject to all binding on the provisions hereof, except that the Monthly Base Rental for said holdover period shall be one hundred fifty percent (150%) of the amount of Rent due LANDLORD unless acknowledged by LANDLORD in the last full month of the Term. There shall be no renewal of this Lease by operation of law. Nothing in this Paragraph shall be construed as a consent by Landlord to the possession of the Premises by Tenant after the expiration or earlier termination of the Termwriting.

Appears in 1 contract

Samples: Lease Agreement (Jabil Circuit Inc)

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Surrender Holding Over. On the expiration last day of the term of this Lease, or upon any earlier termination of this Lease, Tenant or upon any re-entry by LANDLORD upon the Demised Premises, TENANT shall yield up peaceably and without notice of any sort, quit and surrender the Demised Premises to Landlord LANDLORD in good order, condition, and repair, except for ordinary wear and tear and such damage or destruction as LANDLORD is required to repair or restore under the terms of this Lease, and TENANT shall remove all of TENANT's property therefrom. TENANT specifically agrees that in the same condition event TENANT retains possession and repair does not so quit and Surrender the Demised Premises to LANDLORD, then TENANT shall pay LANDLORD (i) all damages that LANDLORD may suffer on account of TENANT's failure to so surrender and quit the Demised Premises, including but not limited to any and all claims made by succeeding tenant of the Demised Premises against LANDLORD based on delay of LANDLORD in which delivering possession of the Demised Premises were on to said succeeding tenant to the Commencement Dateextent such delay is occasioned by the failure of TENANT to so quit and surrender said Premises, and (ii) rent for each month or as any applicable portion of a month of such holding over at the same may have been improved amount payable for the month immediately preceding the termination of this Lease, during the Term, reasonable wear and tear, obsolescence excepted, and subject to fire and casualty and condemnation which shall be governed by time the applicable TENANT thus remains in possession. The provisions of this Leaseparagraph do not waive any of the LANDLORD's rights of re-entry or any other right under the terms of this lease or the laws of Florida. Tenant If TENANT shall not be required fail to remove any Tenant Improvements or alterations or other improvements to surrender the Premises permitted by Landlord unless Landlord's consent thereto was conditioned in writing upon removal thereofas herein provided, no new tenancy shall be created and TENANT shall be guilty of unlawful detainer. Tenant shall, however, have the right to remove any trade fixtures No surrender of this Lease or equipment, provided it shall repair any damage to the Premises resulting therefrom. If Tenant remains in possession of the Premises after expiration of the Term, or after any permitted termination of the Lease by Landlord, with Landlord's acquiescence and without any written agreement between the parties, Tenant shall be a tenant at sufferance and such tenancy shall be subject to all binding on the provisions hereof, except that the Monthly Base Rental for said holdover period shall be one hundred fifty percent (150LANDLORD unless acknowledged by LANDLORD in writing. * 175%) of the amount of Rent due in the last full month of the Term. There shall be no renewal of this Lease by operation of law. Nothing in this Paragraph shall be construed as a consent by Landlord to the possession of the Premises by Tenant after the expiration or earlier termination of the Term.

Appears in 1 contract

Samples: Lease Agreement (Rexall Sundown Inc)

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