HOLD-OVER RENEWAL Sample Clauses

HOLD-OVER RENEWAL. The failure of the LESSEE to notify LESSOR in writing (in manner herein provided of intention to vacate and terminate this LEASE) prior to one month of the expiration or extended expiration date hereof, then in that event this LEASE shall be automatically renewed and continued under the same terms and conditions for like terms as originally set out except the now provided monthly rental thereof shall be increased by If LESSEE notifies LESSOR of intention to vacate and/or surrender LEASED premises, or not to renew LEASE, and LESSEE fails to vacate or surrender possession at said effective date set out therein, LESSOR may at its option treat such as a renewal of this LEASE for like period (as if no notice given) and LESSEE shall pay expense or damages suffered by LESSOR by virtue of said notice, relying upon, or based upon said notice, and LESSEE agrees to defend and hold LESSOR harmless therefore. Rent shall be doubled for each day LESSEE holds over after effective date of notice to terminate. Not withstanding anything to the contrary appearing above, LESSOR may by letter to LESSEE notify him that the LEASE will not be renewed, by at least one month’s notice prior to any expiration date.
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HOLD-OVER RENEWAL. The failure of the LESSEE to notify LESSOR in writing (in manner herein provided of intention to vacate and terminate this lease) prior to one month of the expiration or extended expiration date hereof, then in that event this lease shall be automatically renewed on a month basis as identified under the term of this agreement. Notice of rent change will be issued with 30 days notice from the LESSOR to the LESSEE by first class mail. a. Notwithstanding anything to the contrary appearing above, LESSOR may by letter to LESSEE notify him that the LEASE will not be renewed, by at least one month’s notice prior to any expiration date. 1. Community Rules 2. Pet Policy and Agreement. 3. Apartment Condition Report 4. Garage Lease Addendum 5. Concession Agreement 6. Fitness Room Agreement
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HOLD-OVER RENEWAL. If Resident fails to notify Lessor in writing of intent to terminate Lease 30 days prior to lease expiration, then in that event the Lease shall automatically renew on a month-to-month basis. Month to month leases maintain the original terms except the rent automatically increases to the Current Market Rent without notice, plus a $50 Month-to-Month addition fee. At Lessor's option, if Resident notifies Lessor of his/her intention to vacate the leased premises, or not to renew the Lease at any time, and if the Resident then fails to vacate or surrender the premises as of said effective date, then the Lessor may treat such conduct as a renewal of the Lease upon a month-to-month basis, (as if no notice had been given). At the end of the lease and during a month to month lease the Lessor has the right to ask for possession within 30 days without cause or reason. Also, Resident will be responsible for any expenses or damages suffered by Lessor as the result of any holdover.
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Related to HOLD-OVER RENEWAL

  • LEASE RENEWAL (a) Subject to the notice requirements set forth in Section 13(a), at the end of the Basic Lease Term, provided that no Default or Event of Default shall have occurred and be continuing, no Event of Loss or Deemed Loss Event shall have occurred in respect of which the Lessor has demanded payment under Section 9(c) or 9(d), as the case may be, or in response to which a Special Transfer has been effected, and all Notes shall have been paid in full, the Lessee shall have the option to renew the term of this Facility Lease for a single period of a number of years (not less than two) selected by the Lessee (such renewal period or such shorter period as shall extend to the expiration of the Facility Lease being herein referred to as the “Fixed Rate Renewal Term”); provided, however, that the Lessee, at the time of the exercise of its renewal option as provided in this subsection (a), shall have furnished an appraisal of an independant appraiser as to the useful life of Unit 1, which appraiser and appraisal shall be reasonably satisfactory to the Lessor, and which appraisal shall indicate that at the end of the proposed Fixed Rate Renewal Term the residual value of the Undivided Interest will be equal to at least 20% of Facility Cost for the Undivided Interest (without taking into account inflation or deflation that has occurred or will have occurred from the Closing Date to the end of the proposed Fixed Rate Renewal Term), and that the proposed Fixed Rate Renewal Term does not extend the Lease Term beyond 80% of the economic useful life of Unit 1 as established by such appraisal. (b) Subject to the notice requirements set forth in Section 13(a), at the end of the Basic Lease Term or any Renewal Term, provided that no Default or Event of Default shall have occurred and be continuing, no Event of Loss or Deemed Loss Event shall have occurred in respect of which the Lessor has demanded payment under Section 9(c) or 9(d), as the case may be, or in response to which a Special Transfer has been effected, and all the Notes have been paid in full, the Lessee shall have the option to renew the term of this Facility Lease for one or more periods of three years or such shorter period as shall extend to the expiration of the License (each such renewal period being herein referred to as a “Fair Market Renewal Term”).

  • Non-Renewal Any grounds for termination stated in Section 24(c) above also may be grounds for non-renewal. In addition, the State Board or Local Board may elect not to renew the Charter if the petition for renewal does not comply with the Charter Schools Act and the rules, regulations, policies, and procedures promulgated in accordance with the Charter Schools Act or if the State Board or Local Board deems that the Charter School has not sufficiently increased student achievement or is no longer in the public interest.

  • AGREEMENT RENEWAL This Agreement shall not bind nor purport to bind the AZDOHS for any contractual commitment in excess of the original Agreement period.

  • Project Renewal Renewal of a PI’s access to controlled-access datasets for a previously-approved project.

  • CONTRACT RENEWAL PERIOD FURNITURE ADDITIONS/DELETIONS: Contractors wishing to make furniture additions/changes to their contract during the contract period should be aware of the following additions/changes will be allowed only once during a contract period. No changes to discount percentages are allowed during this contract period. Additions/changes must be submitted during the contract renewal period. When requesting additions and/or changes; contractor shall submit a request either by letter or via email which shall include a list of all items being proposed for addition and/or change. Contractor shall submit all required documents supporting any new items. Product literature for all new items shall also be submitted with the request. Contractor is responsible for submitting a complete name, address, email address, phone and fax numbers when a new dealer is added.

  • Renewal Contract Term Upon mutual written agreement, the Parties may renew this Contract, in whole or in part, for a Renewal Term not to exceed the Initial Contract Term, pursuant to the incorporated Special Contract Conditions.

  • COMMENCEMENT/EXPIRATION DATE This agreement is executed as of the date of the last signature and is effective through at which time it will expire. The expiration date is the final date for completion of all work activities under this agreement.

  • Policy Renewal/Expiration At least thirty (30) days prior to the expiration of any policy required by this Contract, evidence of renewal or replacement policies of insurance with terms no less favorable to OGS than the expiring policies shall be delivered to OGS in the manner required for service of notice in Paragraph A.3.

  • Listing Period Extension The Commission shall be due if the Property is sold, conveyed, exchanged, optioned, or otherwise transferred within _ _ days (“Extension Period”) after the expiration of the Listing Period to anyone with whom the Broker or Agency has negotiated unless the Property is listed, in good faith, with another real estate agency. The term “negotiation” shall include providing information about the Property, showing the Property, or presenting an offer on the Property. All rights under this Section shall terminate upon the expiration of the Extension Period.

  • Initial Lease Term The Initial Lease Term is for a minimum of ten (10) years; however, the State will consider a longer lease term if economic benefits are deemed to be in the State’s best interest. Please propose a fixed, or flat, rental rate for a Gross Lease: including all expenses – taxes, insurance, janitorial services, maintenance, etc. The State may elect to pay for utilities separately so please include a cost per square foot to reduce the rental rate if such occurs.

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