Common use of HOLD OVER TENANCY Clause in Contracts

HOLD OVER TENANCY. If (without execution of a new lease or written extension) Tenant shall hold over after the expiration of the term of this Lease, Tenant may, at Landlord's election, be deemed to be occupying the Leased Premises as a tenant from month to month, which tenancy may be terminated as provided by law. During such tenancy, Tenant agrees to pay to Landlord Tenant's Pro Rata Share of Building Operating Costs and 200% of the then current Base Rent, as set forth herein, unless a different rate is agreed upon, and to be bound by all of the terms, covenants and conditions as herein specified, so far as applicable. The foregoing notwithstanding, in the event Landlord and Tenant are negotiating in good faith over the extension of the Lease Term for a period exceeding the renewal period contemplated in Paragraph 40 of the Lease, Tenant shall pay Rent at the same rate as was due during the then current renewal period, for a period not to exceed sixty (6O) days following the termination date of such renewal period. At the end of such sixty (60) day period, Tenant agrees to pay to Landlord Tenant's Pro Rata Share of Building Operating Costs and 200% of the then current Base Rent until Tenant's occupancy is terminated.

HOLD OVER TENANCY. If (without execution of a new lease or written extension) Tenant shall hold over after the Lease expiration of the term of this LeaseDate, Tenant maymay be deemed, at Landlord's electionoption, be deemed to be occupying occupy the Leased Premises as a tenant from month to month, which tenancy may be terminated as provided by lawone month's written notice. During such tenancy, Tenant agrees to pay to Landlord Tenant's Pro Rata Share of Building Operating Costs and 200Landlord, monthly in advance, an amount equal to 150% of all Rent which would become due (based on Base Rent payable for the then current Base Rentlast month of the Lease Term, as set forth herein, unless a different rate is agreed upontogether with all other amounts payable by Tenant to Landlord under this Lease), and to be bound by all of the terms, covenants and conditions as herein specified. If Landlord relets the Leased Premises or any portion thereof to a new tenant and the term of such new lease commences during the period for which Tenant holds over, so far Landlord shall be entitled to recover from Tenant all reasonable costs and expenses, attorney's fees, damages or loss of profits incurred by Landlord as applicable. The foregoing notwithstanding, in the event Landlord and Tenant are negotiating in good faith over the extension a result of Tenant's failure to deliver possession of the Lease Term for a period exceeding the renewal period contemplated in Paragraph 40 of the Lease, Tenant shall pay Rent at the same rate as was due during the then current renewal period, for a period not to exceed sixty (6O) days following the termination date of such renewal period. At the end of such sixty (60) day period, Tenant agrees to pay Leased Premises to Landlord Tenant's Pro Rata Share of Building Operating Costs and 200% of the then current Base Rent until Tenant's occupancy is terminatedwhen required under this Lease.

HOLD OVER TENANCY. If (without execution of a new lease or written extension) Tenant shall hold over after the expiration of the term of this LeaseLease Expiration Date, Tenant maymay be deemed, at and Landlord's electionoption, be deemed to be occupying occupy the Leased Premises as a tenant from month to month, which tenancy may be terminated as provided by lawone month's written notice. During such tenancy, Tenant agrees to pay to Landlord Landlord, monthly in advance, an amount equal to 150%, for the first thirty (30) days of such tenancy, and 200% thereafter; of all Rent which would become due (based on Base Rent and Tenant's Pro Rata Share of Building Excess Operating Costs and 200% payable for the last month of the then current Base RentLease Term, as set forth herein, unless a different rate is agreed upontogether with all other amounts payable by Tenant to Landlord under this Lease), and to be bound by all of the terms, covenants and conditions as herein specified. If Landlord relets the Leased Premises or any portion thereof to a new tenant and the term of such new lease commences during the period for which Tenant holds over, so far Landlord shall also be entitled to recover from Tenant all costs and expenses, attorneys fees, damages or loss of profits incurred by Landlord as applicable. The foregoing notwithstanding, in the event Landlord and Tenant are negotiating in good faith over the extension a result of Tenant's failure to deliver possession of the Lease Term for a period exceeding the renewal period contemplated in Paragraph 40 of the Lease, Tenant shall pay Rent at the same rate as was due during the then current renewal period, for a period not to exceed sixty (6O) days following the termination date of such renewal period. At the end of such sixty (60) day period, Tenant agrees to pay Leased Premises to Landlord Tenant's Pro Rata Share of Building Operating Costs and 200% of the then current Base Rent until Tenant's occupancy is terminatedwhen required under this Lease.

HOLD OVER TENANCY. If (without execution of a new lease or written extension) Tenant shall hold over after the expiration of the term of this LeaseLease Expiration Date, Tenant maymay be deemed, at Landlord's electionoption, be deemed to be occupying occupy the Leased Premises as a tenant from month to month, which tenancy may be terminated as provided by lawone month's written notice. During such tenancy, Tenant agrees to pay to Landlord Landlord, monthly in advance, an amount equal to 125% of all Rent which would become due (based on Base Rent and Tenant's Pro Rata Share of Building Operating Costs and 200% Project Operating Costs payable for the last month of the then current Base RentLease Term, as set forth herein, unless a different rate is agreed upontogether with all other amounts payable by Tenant to Landlord under this Lease), and to be bound by all of the terms, covenants and conditions as herein specified. If Landlord relets the Leased Premises or any portion thereof to a new tenant and the term of such new lease commences during the period for which Tenant holds over, so far Landlord shall be entitled to recover from Tenant all costs and expenses, attorneys fees, damages or loss of profits incurred by Landlord as applicable. The foregoing notwithstanding, in the event Landlord and Tenant are negotiating in good faith over the extension a result of Tenant's failure to deliver possession of the Lease Term for a period exceeding the renewal period contemplated in Paragraph 40 of the Lease, Tenant shall pay Rent at the same rate as was due during the then current renewal period, for a period not to exceed sixty (6O) days following the termination date of such renewal period. At the end of such sixty (60) day period, Tenant agrees to pay Leased Premises to Landlord Tenant's Pro Rata Share of Building Operating Costs and 200% of the then current Base Rent until Tenant's occupancy is terminatedwhen required under this Lease.

HOLD OVER TENANCY. If (without execution of a new lease or written extension) Tenant shall hold over after the expiration of the term of this LeaseLease Term, Tenant may, at Landlord's election, shall be deemed to be occupying the Leased Premises as a tenant from month to month, which tenancy may be terminated as provided by law. During such tenancy, Tenant agrees to pay to Landlord monthly installments of the Tenant's Pro Rata Share of Building Operating Costs in excess of the Base Operating Costs and 200150% of the then current Base Rent, as set forth herein, unless a different rate is agreed upon, and to be bound by all of the terms, covenants covenants, and conditions as herein specified, so far as applicable. The foregoing notwithstanding, in the event Landlord and Tenant are negotiating in good faith over the extension of the Lease Term Term, Tenant, for a period exceeding not to exceed sixty (60) days following the renewal period contemplated in Paragraph 40 expiration of the LeaseLease Term, Tenant shall pay Rent at the same rate as was due during the then current renewal period, for a period not in effect immediately prior to exceed sixty (6O) days following the termination date of such renewal periodexpiration. At the end and of such sixty Sixty (60) day period, Tenant agrees shall be deemed to be occupying the Leased Premises as a tenant from month to month and Tenant shall pay to Landlord Landlord, for such tenancy, monthly installments of the Tenant's Pro Rata Share of Building Operating Costs in excess of the Base Operating Costs, all other charges provided for in this Lease, and 200% of the then current Base Rent until Tenant's occupancy is terminated.