Common use of Surrender of Possession Clause in Contracts

Surrender of Possession. Lessee shall surrender possession of the Premises immediately upon the expiration of the Term or termination of this Lease. If Lessee shall continue to occupy or possess the Premises after such expiration or termination without the consent of Lessor, then unless Lessor and Lessee have otherwise agreed in writing, Lessee shall be a tenant from month-to-month. All the terms, provisions and conditions of this Lease shall apply to this month-to-month tenancy except those terms, provisions and conditions pertaining to the Term, and except that the Base Rental shall be immediately adjusted upward upon the expiration or termination to one hundred fifty percent (150%) of the Base Rental for the Premises in effect under this Lease during the month which includes the day immediately prior to the date of the expiration or termination of this Lease. This month-to-month tenancy may be terminated by Lessor or Lessee upon thirty (30) days' prior notice to the other Party. In the event that Lessee fails to surrender the Premises upon such termination or expiration, then Lessee shall indemnify, defend and hold Lessor harmless against all loss or liability to the extent caused by Lessee's failure to surrender the Premises, including, but not limited to, any amounts required to be paid to any tenant or prospective tenant who was to have occupied the Premises after said termination or expiration and any related attorneys' fees and brokerage commissions.

Appears in 1 contract

Samples: Lease Agreement (A-Mark Precious Metals, Inc.)

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Surrender of Possession. Lessee At the expiration or any termination of this Lease, or of any hold-over term, Tenant shall surrender and deliver to Landlord possession of the Demised Premises immediately upon in the same good condition in which they were delivered at the commencement of the term hereof (with such Alterations as may have been approved by Landlord in writing and which Landlord does not require to be removed when Landlord grants its approval), reasonable wear and tear and damage by casualty and condemnation excepted, broom clean with all of Tenant’s merchandise and personal property removed therefrom, and free of subleases and occupants. Tenant shall deliver to Landlord keys to all doors at the Demised Premises. Also by the expiration of the Term or termination Lease, Tenant shall deliver to Landlord a copy of this Lease. If Lessee shall continue to occupy or possess the Premises after such expiration or termination without the consent of Lessoran inspection report, then unless Lessor and Lessee have otherwise agreed in writing, Lessee shall be a tenant from month-to-month. All the terms, provisions and conditions of this Lease shall apply to this month-to-month tenancy except those terms, provisions and conditions pertaining to the Term, and except that the Base Rental shall be immediately adjusted upward upon the expiration or termination to one hundred fifty percent (150%) of the Base Rental for the Premises in effect under this Lease during the month which includes the day immediately prior to the date of the expiration or termination of this Lease. This month-to-month tenancy may be terminated prepared by Lessor or Lessee upon Tenant’s mechanical contractor within thirty (30) days' prior notice to days of the other Partyexpiration of the Lease, stating that the HVAC is in good operating condition. In the event that Lessee Tenant fails to surrender maintain the Demised Premises upon such termination and HVAC as provided in Paragraph 3(C) above, or expirationif Tenant fails to restore the Demised Premises by the expiration of the Lease as required hereunder, then Lessee Tenant shall indemnifybe liable for all reasonable third party costs and expenses incurred by Landlord therefor, defend and hold Lessor harmless against all loss or liability Tenant shall pay Landlord the actual costs incurred by Landlord to repair the extent caused by Lessee's failure to surrender Demised Premises and HVAC and/or restore the Premises, including, but not limited to, any amounts required to be paid to any tenant or prospective tenant who was to have occupied the Demised Premises after said termination or expiration and any related attorneys' fees and brokerage commissionsplus ten percent (10%) for Landlord’s overhead costs.

Appears in 1 contract

Samples: Agreement of Sublease (Advancis Pharmaceutical Corp)

Surrender of Possession. Lessee Tenant shall surrender possession of the Premises immediately upon the expiration of the Term or earlier termination of this Lease. If Lessee Tenant shall continue to occupy or possess the Premises after such expiration or termination without the consent of LessorLandlord, then unless Lessor Landlord and Lessee Tenant have otherwise agreed in writing, Lessee Tenant shall be a tenant from month-to-month. All the terms, provisions and conditions of this Lease shall apply to this month-to-month tenancy except those terms, provisions and conditions pertaining to the Term, and except that the monthly Base Rental Rent shall be immediately adjusted upward upon the expiration or termination of this Lease to equal (a) for the first two (2) months of holdover, one hundred fifty twenty-five percent (150125%) of the monthly Base Rental Rent for the Premises in effect under this Lease during the month which includes the day immediately prior to the date of the expiration or termination of this Lease, and (b) thereafter, one hundred fifty percent (150%) of such monthly Base Rent. This month-to-month tenancy may be terminated by Lessor Landlord or Lessee Tenant upon thirty (30) days' prior notice to the other Partynon-terminating party. In the event that Lessee Xxxxxx fails to surrender the Premises upon such termination or expiration, then Lessee Tenant shall indemnify, defend indemnify and hold Lessor Landlord harmless against all loss or liability to the extent caused by Lessee's resulting from or arising out of Tenant’s failure to surrender the Premises, including, but not limited to, any amounts required to be paid to any tenant or prospective tenant who was to have occupied the Premises after said termination or expiration and any related attorneys' fees and brokerage commissions.

Appears in 1 contract

Samples: Lease Agreement (Molina Healthcare Inc)

Surrender of Possession. Lessee Tenant shall surrender possession of the Premises immediately upon the expiration or earlier termination of the Term or termination of this Lease. If Lessee Tenant shall continue to occupy or possess the Premises after such expiration or termination without the consent of LessorLandlord, then unless Lessor and Lessee have otherwise agreed Tenant shall be a tenant at will. If Landlord has consented to such holdover in writing, Lessee Tenant shall be a tenant from month-to-month. All the terms, provisions and conditions of this the Lease shall apply to this the month-to-month tenancy except those terms, provisions and conditions pertaining to the Lease Term, and except that the Base Rental rental shall be immediately adjusted upward upon the expiration or earlier termination of the Lease to equal the greater of (i) one hundred fifty percent (150%) of the Base then prevailing monthly rental rate for similar commercial space, as determined by Landlord; or (ii) one hundred fifty percent (150%) of the Rental for the Premises in effect under this Lease during the month which includes on the day immediately prior to the date of the expiration or earlier termination of this the Lease. This The month-to-month tenancy may be terminated by Lessor Landlord or Lessee Tenant upon thirty (30) days' days prior notice to the other Partynon-terminating party. In the event that Lessee Tenant fails to surrender the Premises upon such termination expiration or expirationearlier termination, then Lessee Tenant shall indemnify, defend indemnify and hold Lessor Landlord harmless against all loss losses or liability to the extent caused by Lessee's failure to surrender the Premises, including, but not limited to, any amounts required to be paid to any tenant or prospective tenant who was to have occupied the Premises after said termination or expiration and any related attorneys' fees and brokerage commissions.resulting from or

Appears in 1 contract

Samples: Improvement Agreement (Leapfrog Enterprises Inc)

Surrender of Possession. Lessee shall surrender possession of the Premises immediately upon the expiration of the Term or termination of this Lease. If Lessee shall continue to occupy or possess the Premises after such expiration or termination without the consent of Lessor, then unless Lessor and Lessee have otherwise agreed in writing, Lessee shall be a tenant from month-to-month. All the terms, provisions and conditions of this Lease shall apply to this month-to-month tenancy except those terms, provisions and conditions pertaining to the Term, and except that the Base Rental shall be immediately adjusted upward upon the expiration or termination of this Lease to equal the greater of (a) one hundred fifty percent (150%) of the then prevailing monthly rental rate for similar commercial space, as determined by Lessor, or (b) one hundred fifty percent (150%) of the Base Rental for the Premises in effect under this Lease during the month which includes the day immediately prior to the date of the expiration or termination of this Lease. This month-to-month tenancy may be terminated by Lessor or Lessee upon thirty (30) days' prior notice to the other Partyparty. In the event that Lessee fails to surrender the Premises upon such termination or expiration, then Lessee shall indemnify, defend and hold Lessor harmless against all loss or liability to the extent caused by resulting from or arising out of Lessee's ’s failure to surrender the Premises, including, but not limited to, any amounts required to be paid to any tenant or prospective tenant who was to have occupied the Premises after said termination or expiration and any related attorneys' fees and brokerage commissions.

Appears in 1 contract

Samples: Lease Agreement (Manhattan Bancorp)

Surrender of Possession. Lessee Tenant shall surrender possession of the ------------------------ Premises immediately upon the expiration of the Term or termination of this the Lease. If Lessee the Tenant shall continue to occupy or possess the Premises after such expiration or termination without with the consent of Lessorthe Landlord, then unless Lessor Landlord and Lessee Tenant have otherwise agreed in writing, Lessee the Tenant shall be a tenant from month-to-month. All the terms, provisions and conditions of this the Lease shall apply to this month-to-month tenancy except those terms, provisions and conditions pertaining to the Term, and except that the Base Rental Rent shall be immediately adjusted upward upon the expiration or termination of the Lease to one two hundred fifty percent (150200%) of the Base Rental for the Premises in effect under this Lease during the month which includes the day immediately prior to then prevailing Basic Rent plus Tenant's Pro Rata Share of Taxes and Cost of Operation and Maintenance on the date of the expiration or termination of this Leasethe Lease ("Holdover Rent"). This month-to-month tenancy may be terminated by Lessor Landlord or Lessee Tenant upon thirty fifteen (3015) days' prior notice to the other Partynonterminating party. In the event that Lessee Tenant fails to surrender the Premises upon such termination or expirationexpiration or if Tenant occupies the Premises without Landlord's written consent, then Lessee Tenant shall indemnify, defend pay Landlord Basic Rent equal to the Holdover Rent and shall indemnify and hold Lessor Landlord harmless against all loss or liability to the extent caused by Lesseeresulting from or arising out of Tenant's failure to surrender the Premises, including, but not limited to, any amounts required to be paid to any tenant or prospective tenant who was to have occupied the Premises after said termination or expiration and any related attorneys' fees and brokerage commissions, and any amounts permitted to be recovered pursuant to the California Civil Code and the California Code of Civil Procedure.

Appears in 1 contract

Samples: Office Lease (Anchor Pacific Underwriters Inc)

Surrender of Possession. Lessee Tenant shall surrender possession of the Premises immediately upon the expiration or earlier termination of the Term or termination of this Lease. If Lessee Tenant shall continue to occupy or possess the Premises after such expiration or termination without the consent of LessorLandlord, then unless Lessor and Lessee have otherwise agreed Tenant shall be a tenant at will. If Landlord has consented to such holdover in writing, Lessee Tenant shall be a tenant from month-to-month. All the terms, provisions and conditions of this the Lease shall apply to this the month-to-month tenancy except those terms, provisions and conditions pertaining to the Lease Term, and except that the Base Rental rental shall be immediately adjusted upward upon the expiration or earlier termination of the Lease to equal the greater of (i) one hundred fifty percent (150%) of the Base then prevailing monthly rental rate for similar commercial space, as determined by Landlord; or (ii) one hundred fifty percent (150%) of the Rental for the Premises in effect under this Lease during the month which includes on the day immediately prior to the date of the expiration or earlier termination of this the Lease. This The month-to-month tenancy may be terminated by Lessor Landlord or Lessee Tenant upon thirty (30) days' days prior notice to the other Partynon-terminating party. In the event that Lessee Tenant fails to surrender the Premises upon such termination expiration or expirationearlier termination, then Lessee Tenant shall indemnify, defend indemnify and hold Lessor Landlord harmless against all loss losses or liability to the extent caused by Lesseeresulting from or arising out of Tenant's failure to surrender the Premises, including. This includes, but is not limited to, to any amounts required to be paid or damages incurred due to the loss of any tenant or prospective tenant who was to have occupied the Premises after said termination or expiration and any related attorneys' fees and brokerage commissions.. 20.14

Appears in 1 contract

Samples: Standard Lease Agreement (Intest Corp)

Surrender of Possession. Lessee shall surrender possession of the Premises immediately upon the expiration of the Term or termination of this Lease. If Lessee shall continue to occupy or possess the Premises after such expiration or termination without the consent of Lessor, then unless Lessor and Lessee have otherwise agreed in writing, Lessee shall be a tenant from month-to-month. All the terms, provisions and conditions of this Lease shall apply to this month-to-month tenancy except those terms, provisions and conditions pertaining to the Term, and except that the Base Rental shall be immediately adjusted upward upon the expiration or termination of this Lease to one hundred fifty percent (150%) of the Base Rental for the Premises in effect under this Lease during the month which includes the day immediately prior to the date of the expiration or termination of this Lease. This month-to-month tenancy may be terminated by Lessor or Lessee upon thirty (30) days' prior notice to the other Partyparty. In the event that Lessee fails to surrender the Premises upon such termination or expiration, then Lessee shall indemnify, defend and hold Lessor harmless against all loss or liability to the extent caused by resulting from or arising out of Lessee's failure to surrender the Premises, including, but not limited to, any amounts required to be paid to any tenant or prospective tenant who was to have occupied the Premises after said termination or expiration and any related attorneys' fees and brokerage commissions.

Appears in 1 contract

Samples: 1 Lease Agreement (Hawthorne Financial Corp)

Surrender of Possession. Lessee Tenant shall surrender possession of the Premises immediately upon the expiration or earlier termination of the Term or termination of this Lease. If Lessee Tenant shall continue to occupy or possess the Premises after such expiration or termination without the consent of LessorLandlord, then unless Lessor and Lessee have otherwise agreed Tenant shall be a tenant at sufferance. If Landlord has consented to such holdover in writing, Lessee Tenant shall be a tenant from month-to-month. All the terms, provisions and conditions of this the Lease shall apply to this the month-to-month tenancy except those terms, provisions and conditions pertaining to the Lease Term, and except that the Base Rental Rent shall be immediately adjusted upward upon the expiration or earlier termination of the Lease to equal the greater of (i) one hundred fifty percent (150%) of the then prevailing monthly rental rate for similar commercial space, as determined by Landlord; or (ii) one hundred fifty percent (150%) of the Base Rental Rent for the Premises in effect under this Lease during the month which includes on the day immediately prior to the date of the expiration or earlier termination of this the Lease. This The month-to-month tenancy may be terminated by Lessor Landlord or Lessee Tenant upon thirty (30) days' days prior notice to the other Partynon-terminating party. In the event that Lessee Tenant fails to surrender the Premises upon such termination expiration or expirationearlier termination, then Lessee Tenant shall indemnify, defend indemnify and hold Lessor Landlord harmless against all loss claims, liabilities, losses, damages, costs and expenses (including, without limitation, attorneys’ fees) resulting from or liability to the extent caused by Lessee's arising out of Tenant’s failure to surrender the Premises, including. This includes, but is not limited to, to any amounts required to be paid or damages incurred due to the loss of any tenant or prospective tenant who was to have occupied the Premises after said termination or expiration and any related attorneys' fees and brokerage commissions.

Appears in 1 contract

Samples: Lease (1st Pacific Bancorp)

Surrender of Possession. Lessee Tenant shall surrender possession of the Premises immediately upon the expiration of the Term or earlier termination of this Lease. If Lessee Tenant shall continue to occupy or possess the Premises Building after such expiration or termination without the consent of LessorLandlord, then unless Lessor Landlord and Lessee Tenant have otherwise agreed in writing, Lessee Tenant shall be a tenant from month-to-month. All the terms, provisions and conditions of this the Lease shall apply to this month-to-month tenancy except those terms, provisions and conditions pertaining to the Term, Term and except that the monthly Base Rental Rent shall be immediately adjusted upward upon the expiration or termination of the Lease to equal the greater of (a) one hundred fifty percent (150%) of the then fair market rent for similar commercial space, as determined by Landlord, or (b) one hundred fifty percent (150%) of the monthly Base Rental Rent for the Premises in effect under unde r this Lease during the month which includes the day immediately prior to the date of the expiration or termination of this Leasethe Lease (“Base Term Rent”). This month-to-month tenancy may be terminated by Lessor Landlord or Lessee Tenant upon thirty ten (3010) days' prior notice to the other Partynon-terminating party. In the event that Lessee Tenant fails to surrender the Premises immediately upon such the expiration of the Term or earlier termination or expirationof the Lease, then Lessee Tenant shall indemnify, defend indemnify and hold Lessor Landlord harmless against all damages, loss or liability to the extent caused by Lessee's resulting from or arising out of Tenant’s failure to surrender the Premises, including, but not limited to, any amounts required to be paid to any tenant or prospective tenant who was to have occupied the Premises after said termination or expiration and of any related attorneys' fees and brokerage commissions.

Appears in 1 contract

Samples: Lease Agreement (Ikos Systems Inc)

Surrender of Possession. Lessee Tenant shall surrender possession of the ----------------------- Premises immediately upon the expiration of the Term or termination of this the Lease. If Lessee the Tenant shall continue to occupy or possess the Premises after such expiration or termination without with the consent of Lessorthe Landlord, then unless Lessor Landlord and Lessee Tenant have otherwise agreed in writing, Lessee the Tenant shall be a tenant from month-to-month. All the terms, provisions and conditions of this the Lease shall apply to this month-to-month tenancy except those terms, provisions and conditions pertaining to the Term, and except that the Base Rental Rent shall be immediately adjusted upward upon the expiration or termination of the Lease to one two hundred fifty percent (150200%) of the Base Rental for the Premises in effect under this Lease during the month which includes the day immediately prior to then prevailing Basic Rent plus Tenant's Pro Rata Share of Taxes and Cost of Operation and Maintenance on the date of the expiration or termination of this Leasethe Lease ("Holdover Rent"). This month-to-month tenancy may be terminated by Lessor Landlord or Lessee Tenant upon thirty fifteen (3015) days' prior notice to the other Partynonterminating party. In the event that Lessee Tenant fails to surrender the Premises upon such termination or expirationexpiration or if Tenant occupies the Premises without Landlord's written consent, then Lessee Tenant shall indemnify, defend pay Landlord Basic Rent equal to the Holdover Rent and shall indemnify and hold Lessor Landlord harmless against all loss or liability to the extent caused by Lesseeresulting from or arising out of Tenant's failure to surrender the Premises, including, but not limited to, any amounts required to be paid to any tenant or prospective tenant who was to have occupied the Premises after said termination or expiration and any related attorneys' fees and brokerage commissions, and any amounts permitted to be recovered pursuant to the California Civil Code and the California Code of Civil Procedure.

Appears in 1 contract

Samples: Office Lease (Anchor Pacific Underwriters Inc)

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Surrender of Possession. Lessee Tenant shall surrender possession of the ----------------------- Premises immediately upon the expiration or earlier termination of the Term or termination of this Lease. If Lessee Tenant shall continue to occupy or possess the Premises after such expiration or termination without the consent of LessorLandlord, then unless Lessor and Lessee have otherwise agreed Tenant shall be a tenant at will, but if Landlord has consented to such holdover in writing, Lessee Tenant shall be a tenant from month-to-month. All the terms, provisions and conditions of this the Lease shall apply to this the month-to-month tenancy except those terms, provisions and conditions pertaining to the Term, and except that the Base Rental Rent shall be immediately adjusted upward upon the expiration or earlier termination of the Lease to equal the greater of (a) the then prevailing monthly rental rate for similar commercial space, as determined by Landlord, or (b) one hundred fifty twenty- five percent (150125%) of the Base Rental Rent for the Premises in effect under this Lease during the month which includes on the day immediately prior to the date of the expiration or earlier termination of this the Lease. This The month-to-month tenancy may be terminated by Lessor Landlord or Lessee Tenant upon thirty (30) days' days prior notice to the other Partynonterminating party. In the event that Lessee Tenant fails to surrender the Premises upon such termination expiration or expirationearlier termination, then Lessee Tenant shall indemnify, defend indemnify and hold Lessor Landlord harmless against all loss losses or liability to the extent caused by Lesseeresulting from or arising out of Tenant's failure to surrender the Premises, including, but not limited to, any amounts required to be paid to or damages incurred due to the loss of any tenant or prospective tenant who was to have occupied the Premises after said termination or expiration and any related attorneys' fees and brokerage commissions, provided that Landlord notifies Tenant of such tenant or prospective tenant.

Appears in 1 contract

Samples: Construction Agreement (Smart & Final Inc/De)

Surrender of Possession. Lessee shall surrender possession of the Premises immediately upon the expiration of the Term or termination of this Lease. If Lessee shall continue to occupy or possess the Premises after such expiration or termination without the consent of Lessor, then unless Lessor and Lessee have otherwise agreed in writing, Lessee shall be a tenant from month-to-month. All the terms, provisions and conditions of this Lease shall apply to this month-to-month tenancy except those terms, provisions and conditions pertaining to the Term, and except that the Base Rental shall be immediately adjusted upward upon the expiration or termination of this Lease to equal one hundred fifty percent (150%) of the Base Rental for the Premises in effect under this Lease during the month which includes the day immediately prior to the date of the expiration or termination of this Lease. This month-to-month tenancy may be terminated by Lessor or Lessee upon thirty (30) days' prior notice to the other Partyparty. In the event that Lessee fails to surrender the Premises upon such termination or expiration, then Lessee shall indemnify, defend and hold Lessor harmless against all loss or liability to the extent caused by resulting from or arising out of Lessee's failure to surrender the Premises, including, but not limited to, any amounts required to be paid to any tenant or prospective tenant who was to have occupied the Premises after said termination or expiration and any related attorneys' fees and brokerage commissions.

Appears in 1 contract

Samples: Lease Agreement (Advanced Communications Technologies Inc)

Surrender of Possession. Lessee shall surrender surrender, subject to the provisions of Section 22.2 below, possession of the Premises immediately upon the expiration of the Term or termination of this Lease. If Lessee shall continue to occupy or possess the Premises after such expiration or termination without the consent of Lessor, then unless Lessor and Lessee have otherwise agreed in writing, Lessee shall be a tenant from month-to-month. All the terms, provisions and conditions of this Lease shall apply to this month-to-month tenancy except those terms, provisions and conditions pertaining to the Term, and except that (a) if Lessee should not be vacating the Premises, then the Base Rental shall be immediately adjusted upward upon the expiration or termination to equal one hundred fifty twenty-five percent (150125%) of the Base Rental for the Premises in effect under this Lease during the month which includes the day immediately prior to the date of the expiration or termination of this Lease. This month-to-month tenancy may be terminated by Lessor or Lessee upon thirty (30) days' prior notice to the other Partyparty. In the event that Lessee fails to surrender the Premises upon such termination or expiration, then Lessee shall shall, subject to the provisions of Section 22.2 below, indemnify, defend and hold Lessor harmless against all loss or liability to the extent caused by resulting from or arising out of Lessee's ’s failure to surrender the Premises, including, but not limited to, any amounts required to be paid to any tenant or prospective tenant who was to have occupied the Premises after said termination or expiration and any related attorneys' fees and brokerage commissions.

Appears in 1 contract

Samples: Lease Agreement (Peerless Systems Corp)

Surrender of Possession. Lessee shall surrender possession of the Premises immediately upon the expiration of the Term or termination of this Lease. If Lessee shall continue to occupy or possess the Premises after such expiration or termination without the consent of Lessor, then unless Lessor and Lessee have otherwise agreed in writing, Lessee shall be a tenant from month-to-month. All the terms, provisions and conditions of this Lease shall apply to this month-to-month tenancy except those terms, provisions and conditions pertaining to the Term, and except that the Base Rental shall be immediately adjusted upward upon the expiration or termination of this Lease to one equal two hundred fifty percent (150200%) of the Base Rental for the Premises in effect under this Lease during the month which includes the day immediately prior to the date of the expiration or termination of this Lease. This month-to-month tenancy may be terminated by Lessor or Lessee upon thirty (30) days' prior notice to the other Partyparty. In the event that Lessee fails to surrender the Premises upon such termination or expiration, then Lessee shall indemnify, defend and hold Lessor harmless against all loss or liability to the extent caused by resulting from or arising out of Lessee's failure to surrender the Premises, including, but not limited to, any amounts required to be paid to any tenant or prospective tenant who was to have occupied the Premises after said termination or expiration and any related attorneys' fees and brokerage commissions.

Appears in 1 contract

Samples: Lease Agreement (iDcentrix, Inc.)

Surrender of Possession. Lessee Tenant shall surrender possession of the ----------------------- Premises immediately upon the expiration of the Term or termination of this the Lease. If Lessee Tenant shall continue to occupy or possess the Premises after such expiration or termination without the consent of LessorLandlord, then unless Lessor Landlord and Lessee Tenant have otherwise agreed in writing, Lessee Tenant shall be a tenant from month-to-month. All the terms, provisions and conditions of this the Lease shall apply to this month-to-month tenancy except those terms, provisions and conditions pertaining to the Term, and except that the Base Rental Basic Rent shall be immediately adjusted upward upon the expiration or termination of the Lease to equal the greater of (a) one hundred fifty percent (150%) of the Base Rental then prevailing monthly rental rate for similar commercial space, as determined by Landlord, or (b) one hundred fifty percent (150%) of the Basic Rent for the Premises in effect under this Lease during the month which includes the day immediately prior to the date of the expiration or termination of this the Lease. This month-to-month tenancy may be terminated by Lessor Landlord or Lessee Tenant upon thirty fifteen (3015) days' prior notice to the other Partynonterminating party. In the event that Lessee Tenant fails to surrender the Premises upon such termination or expiration, then Lessee Tenant shall indemnify, defend indemnify and hold Lessor Landlord harmless against all loss or liability to the extent caused by Lesseeresulting from or arising out of Tenant's failure to surrender the Premises, including, but not limited to, any amounts required to be paid to any tenant or prospective tenant who was to have occupied the Premises after said termination or expiration and any related attorneys' fees and brokerage commissions.

Appears in 1 contract

Samples: Lease Agreement (Shopping Com)

Surrender of Possession. Lessee Tenant shall surrender possession of the Premises immediately upon the expiration of the Lease Term (and all options, if any, properly exercised under Article XXV) or earlier termination of this Lease. If Lessee Tenant shall continue to occupy or possess the Premises after such expiration or termination without the consent of LessorLandlord, then unless Lessor Landlord and Lessee Tenant have otherwise agreed in writing, Lessee Tenant shall be a tenant from month-to-month. All the terms, provisions and conditions of this Lease shall apply to this month-to-month tenancy except those terms, provisions and conditions pertaining to the Lease Term, and except that the Base Rental Minimum Rent shall be immediately adjusted upward upon the expiration or termination of the Lease to equal one hundred fifty twenty-five percent (150125%) of the Base Rental Minimum Rent for the Premises in effect under this Lease during the month which includes the day immediately prior to the date of the expiration or termination of this Lease. This month-to-month tenancy may be terminated by Lessor Landlord or Lessee Tenant upon thirty fifteen (3015) days' prior notice to the other Partynon-terminating party. In the event that Lessee Tenant fails to surrender the Premises upon such termination or expiration, then Lessee Tenant shall indemnify, defend and hold Lessor Landlord harmless from and against all loss or liability to the extent caused by Lessee's resulting from or arising out of Tenant’s failure to surrender the Premises, including, but not limited to, any amounts required to be paid to any tenant or prospective tenant who was to have occupied the Premises after said termination or expiration and any related attorneys' fees and brokerage commissions.

Appears in 1 contract

Samples: Work Letter Agreement (First Look Studios Inc)

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