HOLD OVER TENANCY. If (without execution of a new lease or written extension) Tenant holds over after the expiration of the term of this Lease, Tenant may. at Landlord's option, 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 Rent equivalent to two (2) times the Total Monthly Payment for the last month of the Lease Tenn, unless a different rate is agreed upon and shall be bound by all of the terms, covenants and conditions as herein specified, so far as applicable. If Landlord relets the Leased Premises to a new tenant and the term of such new lease commences during the period for which Tenant holds over, Landlord shall be entitled to recover from Tenant any and all costs incurred by Landlord as a result of Tenant's failure to deliver possession of the Leased Premises to Landlord when required under this Lease.
Appears in 1 contract
Samples: Lease Agreement (Cobratec Inc)
HOLD OVER TENANCY. If (without execution of a new lease or written extension) Tenant holds shall hold over after the expiration of the term of this Leaselease, Tenant may. at Landlord's option, Tenant may 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 175% of the Rent equivalent to two (2) times the Total Monthly Payment for Payable on the last month ---- day of the Lease Tennterm of this Lease, unless a different rate is agreed upon and shall to be bound by all of the terms, terms covenants and conditions as herein specified, so far as applicable. If Landlord relets the Leased Premises to a new tenant lessee and the term of such new lease commences during the period for which Tenant holds over, Landlord shall be entitled to recover from Tenant any and all costs, expenses, legal expenses, reasonable attorneys' fees, damages, loss of profits or any other ----------- costs incurred by Landlord as a result of Tenant's failure or inability to deliver possession of the Leased Premises to Landlord when required under this Lease.
Appears in 1 contract
HOLD OVER TENANCY. If (without execution of a new lease or written extension) Tenant holds shall hold over after the Lease expiration of the term of this LeaseDate, Tenant may. may be deemed, at Landlord's option, 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% of all Rent equivalent to two which would become due (2) times the Total Monthly Payment based on Base Rent payable for the last month of the Lease TennTerm, unless a different rate is agreed upon together with all other amounts payable by Tenant to Landlord under this Lease), and shall to be bound by all of the terms, covenants and conditions as herein specified, so far as applicable. 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, Landlord shall be entitled to recover from Tenant any all reasonable costs and all costs expenses, attorney's fees, damages or loss of profits incurred by Landlord as a result of Tenant's failure to deliver possession of the Leased Premises to Landlord when required under this Lease.
Appears in 1 contract
Samples: Lease (Randers Group Inc)
HOLD OVER TENANCY. If (If, without execution of a new lease or written extension) , Tenant holds shall hold over without Landlord’s consent, after the expiration of the term of this Lease, Tenant may. at Landlord's optionshall be deemed, be deemed without further notice to be occupying the Leased Premises as a tenant from month to month, which tenancy tenancy, may be terminated as provided by law. During such tenancy, Tenant agrees to pay Landlord Rent per month equal to Landlord 150% of the monthly Rent equivalent to two (2) times the Total Monthly Payment for payable during the last month of the Lease Tennterm of this Lease. If Landlord consents, unless a different rate is shall be agreed upon and shall by the parties, in writing. Tenant further agrees to be bound by all of the terms, covenants and conditions condition of the Lease as herein specified, so far as applicable. If Landlord relets the Leased Premises to a new tenant lessee and the term of such new lease commences during the period for which Tenant holds over, Landlord shall be entitled to recover from Tenant any and all costs, expenses, legal expenses, attorney’s fees, damages, loss of profits or any other costs incurred by Landlord as a result of Tenant's ’s failure or inability to deliver possession of the Leased Premises to Landlord when required under this Lease.
Appears in 1 contract
Samples: Facility Lease