Common use of EFFECT OF HOLDING OVER Clause in Contracts

EFFECT OF HOLDING OVER. 27.01 If Tenant should remain in possession of the Leased Premises after the expiration of the lease term and without executing a new lease, then such holding over shall be construed as a tenancy from month to month, subject to all the conditions, provisions, and obligations of this Lease insofar as the same are applicable to a month to month tenancy, except that the rent payable pursuant to subparagraph 3.01 hereof shall be 150% of the rent payable pursuant to subparagraph 3.01.

Appears in 5 contracts

Samples: Lease Agreement (Ceradyne Inc), Lease Agreement (Optio Software Inc), Lease Agreement (Bioshield Technologies Inc)

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EFFECT OF HOLDING OVER. 27.01 If Tenant should remain in possession of the Leased Premises after the expiration of the lease term Lease Term and without executing a new leaseLease, then such holding over shall be construed as a tenancy from month to month-to-month, subject to all the conditions, provisions, and obligations of this Lease insofar as the same are applicable to a month to month-to-month tenancy; provided, except however, that the rent payable pursuant to subparagraph 3.01 hereof Base Rent during any such holding over shall be 150% of the rent payable pursuant Base Rent in effect immediately prior to subparagraph 3.01the expiration of the Lease term.

Appears in 4 contracts

Samples: Commercial Lease (Penn Octane Corp), Commercial Lease (Bay Area Bancshares), Commercial Lease (Bay Area Bancshares)

EFFECT OF HOLDING OVER. 27.01 If Tenant should remain in possession of the Leased Premises after the expiration of the lease Lease term and without executing a new leaseLease, then such holding over shall be construed as a tenancy from month to month-to-month, subject to all the conditions, provisions, and obligations of this Lease insofar as the same are applicable to a month to month-to-month tenancy, except that the rent payable pursuant to subparagraph 3.01 hereof shall be 150% of the rent payable pursuant to subparagraph 3.01doubled.

Appears in 2 contracts

Samples: Lease Agreement (Intelligent Systems Corp), Lease Agreement (Paysys International Inc)

EFFECT OF HOLDING OVER. 27.01 24.01 If Tenant should remain in possession of the Leased Premises after the expiration of the lease term Lease Term and without executing a new lease, except as provided in Section 9.03 above, then such holding over shall be construed as a tenancy from month to month, subject to all the conditions, provisions, and obligations of this Lease insofar as the same are applicable to a month to month tenancy, except that the rent Base Rent payable pursuant to subparagraph Section 3.01 hereof shall be 150115% of the rent Base Rent payable pursuant to subparagraph 3.01said Section 3.01 during the month in which such expiration occurs.

Appears in 2 contracts

Samples: Lease Agreement (Haverty Furniture Companies Inc), Lease Agreement (Haverty Furniture Companies Inc)

EFFECT OF HOLDING OVER. 27.01 25.01 If Tenant should remain in possession of the Leased Premises after the expiration of the lease term and without executing a new lease, then such holding over shall be construed as a tenancy from month to month, subject to all the conditions, provisions, and obligations of this Lease insofar as the same are applicable to a month to month tenancy, except that the rent payable pursuant to subparagraph 3.01 hereof shall be 150% of the rent payable pursuant to subparagraph 3.01.

Appears in 2 contracts

Samples: Lease Agreement (Albecca Inc), Lease Agreement (Albecca Inc)

EFFECT OF HOLDING OVER. 27.01 If Tenant should remain in possession of the Leased Premises after the expiration of the lease term and without executing a new lease, then such holding over shall be construed as a tenancy from month to month, subject to all the conditions, provisions, and obligations of this Lease insofar as the same are applicable to a month to month tenancy, except that the rent payable pursuant to subparagraph 3.01 hereof shall be 150125% of the rent payable pursuant to subparagraph 3.01.

Appears in 1 contract

Samples: Lease Agreement (Innotrac Corp)

EFFECT OF HOLDING OVER. 27.01 32.01 If Tenant should remain in possession of the Leased Premises after the expiration of the lease Lease term and without executing a new leaseLease, then such holding over shall be construed as a tenancy from month to month-to-month, subject to all the conditions, conditions provisions, and obligations of this Lease insofar as the same are applicable to a month to month-to-month tenancy, except that the rent payable pursuant to subparagraph 3.01 hereof shall be 150% of the rent payable pursuant to subparagraph 3.01.

Appears in 1 contract

Samples: Lease Agreement (Bright Technologies Com Inc)

EFFECT OF HOLDING OVER. 27.01 If Tenant should remain in possession of the Leased Premises after the expiration of the lease term and without executing a new lease, then such holding over shall be construed as a tenancy from month to month, subject to all the conditions, provisions, and obligations of this Lease Lese insofar as the same are applicable to a month to month tenancy, except that the rent payable pursuant to subparagraph 3.01 hereof shall be 150% of the rent payable pursuant to subparagraph 3.01.

Appears in 1 contract

Samples: Lease Agreement (First Horizon Pharmaceutical Corp)

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EFFECT OF HOLDING OVER. 27.01 If Tenant should remain in possession of the Leased Premises after the expiration of the lease Lease term and without executing a new leaseLease, then such holding over shall be construed as a tenancy from month to month- to- month, subject to all the conditions, provisions, and obligations of this Lease insofar as the same are applicable to a month to month-to- month tenancy, except that the rent payable pursuant to subparagraph 3.01 hereof shall be 150% of the rent payable pursuant to subparagraph 3.01.

Appears in 1 contract

Samples: static1.squarespace.com

EFFECT OF HOLDING OVER. 27.01 30.01 If Tenant should remain in possession of the Leased Premises after the expiration of the lease term and without executing a new lease, then such holding over shall be construed as a tenancy from month to month, subject to all the conditions, provisions, and obligations of this Lease insofar as the same are applicable to a month to month tenancy, except that the rent payable pursuant to subparagraph 3.01 hereof hereunder shall be increased to 150% of the rent payable pursuant to amount set out in subparagraph 3.01.

Appears in 1 contract

Samples: Lease Agreement (TRX Inc/Ga)

EFFECT OF HOLDING OVER. 27.01 26.01 If Tenant should remain in possession of the Leased Premises after the expiration of the lease Lease term and without executing a new leaseLease, then such holding over shall be construed as a tenancy from month to month-to-month, subject to all the conditions, provisions, and obligations of this Lease insofar as the same are applicable to a month to month-to-month tenancy, except that the rent payable pursuant to subparagraph 3.01 hereof shall be 150% of the rent payable pursuant to subparagraph 3.01.doubled. SUBORDINATION

Appears in 1 contract

Samples: Lease Agreement (Intelligent Systems Corp)

EFFECT OF HOLDING OVER. 27.01 If Tenant should remain in possession of the Leased Premises after the expiration of the lease term and without executing a new lease, then such holding over shall be construed as a tenancy from month to month, subject to all the conditions, provisions, and obligations of this Lease insofar as the same are applicable to a month to month tenancy, except that the rent payable pursuant to subparagraph 3.01 hereof shall be 150125% of the rent payable pursuant to subparagraph 3.01.

Appears in 1 contract

Samples: Lease Agreement (Checkmate Electronics Inc)

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