Common use of Holding Over by Tenant Clause in Contracts

Holding Over by Tenant. If Tenant continues to hold the Premises after the Expiration Date or earlier termination of this Lease, Tenant will pay to Landlord, as Base Rental, for each month of such holding over, one and a half (1 1/2) times the greater of (i) the amount of the current monthly installments of Base Rental, or (ii) the then current fair market monthly base rental for the Premises. Such amount will be due and payable in advance on the first day of each calendar month, and shall be prorated for any partial months during any such holdover period on the basis of the number of days in each such partial month. During such time as Tenant continues to hold the Premises after the expiration or termination hereof, such holding over will be a tenancy at sufferance, subject to all of the terms, provisions, covenants and agreements of this Lease except as modified by this Section 3.3 with respect to the length of the Term and the amount of the Base Rental. No payments of money by Tenant to Landlord after the expiration or termination of this Lease or after the giving of any notice of termination by Landlord to Tenant will reinstate, continue or extend the Term or reduce the liability of Tenant to Landlord for damages incurred because of such holding over by Tenant or affect any termination notice given by Landlord to Tenant, and no extension of the Term will be valid unless and until the same will be reduced to writing and signed by both Landlord and Tenant.

Appears in 1 contract

Samples: Office Building Lease (Avatar Systems Inc)

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Holding Over by Tenant. If Tenant continues to hold the Premises after the Expiration Date or earlier termination of this Lease, Tenant will pay to Landlord, as Base Rental, for each month of such holding over, one and a half two (1 1/22) times the greater of (i) the amount of the current monthly installments of Base Rental, or (ii) the then current fair market monthly base rental for the Premises. Such , which amount will be due and payable in advance on the first day of each calendar month, and shall be prorated for any partial months during any such holdover period on the basis of the number of days in each such partial month. During such time as Tenant continues to hold the Premises after the expiration or termination hereof, such holding over will be a tenancy at sufferance, subject to all of the terms, provisions, covenants and agreements of this Lease except as modified by this Section 3.3 with respect to the length of the Term and the amount of the Base Rental. No payments of money by Tenant to Landlord after the expiration or termination of this Lease or after the giving of any notice of termination by Landlord to Tenant will reinstate, continue or extend the Term or reduce the liability of Tenant to Landlord for damages incurred because of such holding over by Tenant or affect any termination notice given by Landlord to Tenant, and no extension of the Term will be valid unless and until the same will be reduced to writing and signed by both Landlord and Tenant.

Appears in 1 contract

Samples: Office Building Lease (Heartland Payment Systems Inc)

Holding Over by Tenant. If Tenant continues to hold the Premises after the Expiration Date or earlier termination of this Lease, Tenant will pay to Landlord, as Base Rental, Rental for each month the period of such holding over, one and a half (1 1/2) times daily Base Rental amount equal to the greater of (i) number determined by multiplying the amount Base Rental for the final month of the current monthly installments of Base Rental, or Lease Term by one hundred fifty percent (ii150%) the and then current fair market monthly base rental for the Premisesdividing that result by thirty (30). Such amount will be due and payable in advance on the first day of each calendar month, and shall be prorated for any partial months month during any such holdover period on the basis period. Tenant will also pay Landlord any and all costs, expenses or damages sustained by Landlord as a result of the number of days in each such partial monthholdover. During such time as Tenant continues to hold the Premises after the expiration or termination hereof, such holding over will be a tenancy at sufferance, subject to all of the terms, provisions, covenants and agreements of this Lease except as modified by this Section 3.3 with respect to the length of the Term and the amount of the Base Rental. No payments of money by Tenant to Landlord after the expiration or termination of this Lease or after the giving of any notice of termination by Landlord to Tenant will reinstate, continue or extend the Term or reduce the liability of Tenant to Landlord for damages incurred because of such holding over by Tenant or affect any termination notice given by Landlord to Tenant, and no extension of the Term will be valid unless and until the same will be reduced to writing and signed by both Landlord and Tenant.

Appears in 1 contract

Samples: Office Lease Agreement (Nexplore Corp)

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Holding Over by Tenant. If Should Tenant continues continue to hold the Premises after the Expiration Date or earlier termination of this Lease, Tenant will shall pay to Landlord, as Base Rental, for each month of such holding over, one and a half two (1 1/22) times the greater of (i) either the amount of the current monthly installments of Base Rental, or (ii) at Landlord's option, the then current fair market monthly base rental for the Premises. Such , which amount will be due and payable in advance on the first day of each calendar month, and shall be prorated for any partial months during any such holdover period on the basis of the number of days in each such partial month. During such time as Tenant continues will continue to hold the Premises after the expiration or termination hereof, such holding over will be a tenancy at sufferance, subject to all of the terms, provisions, covenants and agreements of this Lease except as modified by this Section 3.3 with respect to the length of the Term and the amount of the Base Rental. No payments of money by Tenant to Landlord after the expiration or termination of this Lease or after the giving of any notice of termination by Landlord to Tenant will reinstate, continue or extend the Term or reduce the liability of Tenant to Landlord for damages incurred because of such holding over by Tenant or affect any termination such notice given by Landlord to Tenant, and no extension of the Term of this Lease will be valid unless and until the same will shall be reduced to writing and signed by both Landlord and Tenant.

Appears in 1 contract

Samples: Office Lease (Royal Financial Corp)

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