SURRENDER AND HOLDOVER Sample Clauses

SURRENDER AND HOLDOVER. On the last day of the Term, or upon any earlier termination of this Lease, or upon any repossession of the Premises by Landlord hereunder: (a) Tenant shall quit and surrender the Premises to Landlord “broom-clean” (as defined by Exhibit B, attached hereto and incorporated herein by reference), and in a condition that would reasonably be expected with normal and customary use in accordance with prudent operating practices and in accordance with the covenants and requirements imposed under this Lease, subject only to ordinary wear and tear (as is attributable to deterioration by reason of time and use, in spite of Tenant’s reasonable care); (b) Tenant shall remove all of Tenant’s personal property therefrom, except as otherwise expressly provided in this Lease; (c) Tenant shall remove from the Premises all motor vehicles of any nature whatsoever (including, but not limited to, automobiles, trucks, recreational vehicles and boats); and (d) Tenant shall surrender to Landlord any and all keys, access cards, computer codes or any other items used to access the Premises. Upon prior notice (which may be delivered telephonically) and as long as Landlord does not unreasonably interfere with Tenant’s operations, Landlord shall be permitted to inspect the Premises during normal business hours in order to verify compliance with this Section 19 at any time prior to (x) the Expiration Date, (y) the effective date of any earlier termination of this Lease, or (z) the surrender date otherwise agreed to in writing by Landlord and Tenant. The obligations imposed under the first sentence of this Section 19 shall survive the termination or expiration of this Lease. If Tenant remains in possession after the Expiration Date hereof or after any earlier termination date of this Lease or of Tenant’s right to possession (collectively, the “Termination Date”): (i) Tenant shall be deemed a tenant-at-will; (ii) Tenant shall pay the Holdover Percentage (as defined below) multiplied by the aggregate of all Rent last prevailing hereunder, and also shall pay all actual damages (but not incidental, consequential, punitive, special or other similarly speculative damages) sustained by Landlord, directly by reason of Tenant’s remaining in possession after the expiration or termination of this Lease; (iii) there shall be no renewal or extension of this Lease by operation of law; and (iv) the tenancy-at-will may be terminated by either party hereto upon 30 days’ prior written notice given by the...
AutoNDA by SimpleDocs
SURRENDER AND HOLDOVER. Upon the expiration or earlier termination of this Sublease, Sublessee shall promptly quit and surrender to Sublessor the Sublease Premises broom clean, in the same condition as received, ordinary wear and tear and loss by fire and other casualty expected. Sublessee shall removal all of its movable furniture and other effects. If Sublessee fails to so vacate the Sublease Premises on a timely basis as required, Sublessee shall be responsible to Sublessor and to Master Lessor for all costs, expenses, attorneys fees and damages (including but not limited to any amounts required to be paid to third parties who were to have occupied the Sublease Premises) incurred by Sublessor and/or Master Lessor as a result of such failure to vacate, plus interest thereon at the rate of the lesser of 18% per annum or the maximum rate allowed by law, on all amounts not paid by Sublessee within ten (10) days of demand. Should Sublessee hold over after the termination of this Sublease, with Sublessor's and Master Lessor's express written consent, Sublessee shall be deemed a holdover tenant at will. During such holdover period, Sublessee shall be liable for all damages incurred by Sublessor and/or Master Lessor as a result of Sublessee's holding over in the Sublease Premises. During such holding over, Sublessee shall become a Sublessee from month to month upon each and all of the terms herein provided as are applicable to such month to month tenancy and during such holding over, Sublessee shall pay monthly Base Rent and additional Rent to Sublessor at the rate of two hundred percent (200%) of the Base Rent and additional Rent payable by Sublessee for the last month of the Sublease Term. Such tenancy shall continue until terminated by Sublessor, as provided by law, or until either party shall have given to the other at least thirty (30) days written notice.
SURRENDER AND HOLDOVER. Upon the expiration or sooner termination of this Lease, Tenant shall surrender to Landlord the Premises, together with all other property affixed to the Premises (excepting trade fixtures), "broom clean" and in the same order and condition in which Tenant received said Premises, ordinary wear and tear excepted. Unless an event of default as hereinafter defined has occurred and remains uncured, Tenant, prior to the expiration of the Term shall remove all of Tenant's trade fixtures and personal property from the Premises. Any damage to the Premises caused by such removal shall be repaired by Tenant prior to the expiration of the Term. At Landlord's option, if Tenant fails to remove such trade fixtures and personal property, then the same shall be deemed Landlord's property. If Tenant remains in possession of all or any part of the Premises after the expiration of the Term, with the consent of the Landlord, then Tenant shall be deemed to be occupying the Premises as a tenant from month to month at the rent hereinafter specified (pro rated on a monthly basis), subject to all conditions, provisions and obligations of this Lease insofar as the same are applicable to month-to-month tenancy. Landlord's acceptance of rent after the expiration of the term shall not constitute a renewal or extension of this Lease, and this provision shall not be deemed to waive Landlord's right of re-entry or any other right or remedy hereunder or provided by law.
SURRENDER AND HOLDOVER a. On the expiration or the sooner termination hereof, Tenant shall peaceably surrender the Premises broom clean, in good order, condition and repair. On or before the last day of the term or the sooner termination hereof, Tenant shall at its expense remove its trade fixtures, signs and other personal property from the Premises. Any property not removed shall be deemed abandoned and may either be retained by Landlord as its property, or disposed of, without accountability and at Tenant’s expense, in such form as Landlord may determine. If the Premises are not surrendered at the end of the term or the sooner termination, Tenant shall indemnify Landlord against loss or liability resulting from delay by Tenant in so surrendering the Premises, including, without limitation, claims made by any succeeding tenants founded on such delay. Tenant shall promptly surrender all keys to Landlord at the place then fixed for payments of Rent. Tenant’s covenants hereunder shall survive the expiration or sooner termination of this Lease.
SURRENDER AND HOLDOVER. Upon the expiration or sooner termination of this Lease, TENANT shall surrender to LANDLORD the Leased Premises, together with all other property affixed to the Leased Premises, (except trade fixtures) broom clean and in the same order and condition in which TENANT received them, the effects of ordinary wear and acts of God, excepted.
SURRENDER AND HOLDOVER. (a) Upon any termination of this Sublease, by expiration of the Term or otherwise:
SURRENDER AND HOLDOVER. TENANT agrees at the expiration of the term to surrender the Demised Premises and everything belonging to or in connection therewith in good condition, reasonable wear and tear excepted; and to remove all signs, advertisements and rubbish from the said Demised Premises; and if TENANT fails to do so, then TENANT hereby expressly authorizes LANDLORD, as agent of TENANT, to remove such rubbish and make such repairs as may be necessary to restore the Demised Premises to such condition, at the expense of TENANT. IF TENANT retains possession of the Demised premises or any part thereof after the termination of this Lease, TENANT shall pay LANDLORD rent at double the rate payable for the year immediately proceeding said holdover, computed on a monthly basis, for the time TENANT thus remains in possession. The provisions of this paragraph do not waive LANDLORD's rights of re-entry or any other right hereunder. Any retention of the Demised Premises after termination of this Lease or any extension thereof shall be considered as a month to month holdover unless otherwise agreed to in writing by the parties hereto.
AutoNDA by SimpleDocs
SURRENDER AND HOLDOVER. 13 20.1 Surrender........................................................13 20.2 Holdover.........................................................14
SURRENDER AND HOLDOVER. Upon the expiration or sooner termination of this Lease, Tenant shall surrender to Landlord the Leased Premises, together with all other property affixed to the Leased Premises, broom clean and in the same order and condition in which Tenant received them, the effects of ordinary wear, acts of God, casualty, insurrection, riot, or public disorder excepted. Unless an event of default as hereinafter defined has occurred and remains uncured, Tenant shall, prior to the expiration of the term, remove all of Tenant's personal property from the Leased Premises. Any damage to the Leased Premises caused by such removal shall be repaired by Tenant prior to the expiration of the term. At Landlord's option, if Tenant fails to remove such personal property, then the same shall be deemed the property of the Landlord. If Tenant shall remain in possession of all or any part of the Leased Premises after the expiration of the term of this Lease, with the consent of the Landlord, then the Tenant shall be a lessee from month to month at the same rental and subject to all of the other applicable covenants, terms and conditions hereof.
SURRENDER AND HOLDOVER. (a) As soon as its right to possession ends, Subtenant will surrender the Sublease Premises to Sublandlord in as good repair and condition as when Subtenant first occupied, except for reasonable wear and tear, and for damage or destruction by fire or other casualty for which Subtenant is not otherwise responsible. Subtenant will concurrently deliver to Sublandlord all keys to the Sublease Premises, and restore any locks which it has changed to the system which existed at the commencement of the Term. If possession is not immediately surrendered, Sublandlord may enter upon and take possession of the Sublease Premises and expel or remove Subtenant and any other person who may be occupying the Sublease Premises or any part thereof.
Time is Money Join Law Insider Premium to draft better contracts faster.