Outlease Uses in Holding Over Clause

Holding Over

THIS OUTLEASE AGREEMENT ("Outlease"), is entered into by and between the UNITED STATES POSTAL SERVICE, hereinafter called Lessor, and American River Bank, a California Corporation, hereinafter called the Lessee, whose address is 1545 River Park Drive Suite # 107 Sacramento, CA 95815, to use and occupy the property hereinafter described under the terms and subject to the conditions contained herein.

Holding Over. If Lessee occupies the Premises beyond the Outlease Term or any properly exercised Renewal Term, without Lessor's written consent ("Hold Over"), Lessee shall be deemed to occupy the Premises on a month to month basis, terminable by either party on thirty (30) days written notice to the other party and all of the terms and provisions of this Outlease shall be applicable during that period, except that Lessee shall pay Lessor a monthly rental rate equal to one hundred fifty percent (150%) of the monthly rent applicable hereunder at the expiration of the previous Outlease Term or applicable Renewal Term, prorated for the number of days of such holding over. If Lessee refuses to vacate after receiving a notice of termination as provided in this paragraph, Lessee shall be deemed a Lessee at sufferance and Lessor may use self-help, or may institute a forcible detainer or similar action against Lessee or any other party in possession of the Premises, or pursue any other remedy available at law or in equity.