Holding Over by Tenant. Should Tenant or any of its successors in interest continue to hold the Building after the termination of this Lease, whether such termination occurs by lapse of time or otherwise, such holding over shall, unless otherwise agreed by Landlord in writing, constitute and be construed as a tenancy at will, at a daily rental equal to one-thirtieth (1/30th) of an amount equal to the greater of double the amount of the monthly rental payable during the last month prior to the termination of this Lease or one hundred fifty percent (150%) of the market rate for which similar space in the Building is then being leased by Landlord, and upon and subject to all of the other terms, provisions, covenants and agreements on the part of Tenant hereunder except any right to renew this Lease. No payments of money by Tenant to Landlord after the termination of this Lease shall reinstate, continue or extend the term of this Lease and no extension of this Lease after the termination thereof shall be valid unless and until the same shall be reduced to writing and signed by both Landlord and Tenant. Nothing in this Paragraph 27 should be construed as giving Tenant the right to hold over beyond the date of the expiration of this Lease nor preclude Landlord from having the right to dispossess or otherwise terminate Tenant's right of possession. Any tenancy at will is terminable upon notice from Landlord.
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Samples: Office Building Lease (I Sector Corp), Office Building Lease (Allstar Systems Inc)
Holding Over by Tenant. Should If Tenant or any of its successors in interest continue continues to hold the Building Premises after the Expiration Date or earlier termination of this Lease, whether Tenant will pay to Landlord, as Base Rental, for each month of such holding over, two (2) times the greater of (i) the amount of the current monthly installments of Base Rental, or (ii) the then current fair market monthly base rental for the Premises, which amount will be due and payable in advance on the first day of each calendar month. During such time as Tenant continues to hold the Premises after the termination occurs by lapse of time or otherwisehereof, such holding over shall, unless otherwise agreed by Landlord in writing, constitute and will be construed as a tenancy at willsufferance, at a daily rental equal to one-thirtieth (1/30th) of an amount equal to the greater of double the amount of the monthly rental payable during the last month prior to the termination of this Lease or one hundred fifty percent (150%) of the market rate for which similar space in the Building is then being leased by Landlord, and upon and subject to all of the other terms, provisions, covenants and agreements on of this Lease except as modified by this Section 3.3 with respect to the part length of Tenant hereunder except any right to renew this Leasethe Term and the amount of the Base Rental. No payments of money by Tenant to Landlord after the termination of this Lease shall or after the giving of any notice of termination by Landlord to Tenant will reinstate, continue or extend the term Term or reduce the liability of this Lease Tenant to Landlord for damages incurred because of such holding over by Tenant or affect any termination notice given by Landlord to Tenant, and no extension of this Lease after the termination thereof shall Term will be valid unless and until the same shall will be reduced to writing and signed by both Landlord and Tenant. Nothing in this Paragraph 27 should be construed as giving Tenant the right to hold over beyond the date of the expiration of this Lease nor preclude Landlord from having the right to dispossess or otherwise terminate Tenant's right of possession. Any tenancy at will is terminable upon notice from Landlord.
Appears in 1 contract
Samples: Office Building Lease (Heartland Payment Systems Inc)
Holding Over by Tenant. Should Tenant or any of its successors in interest continue to hold the Building Leased Premises after the termination or expiration of this Lease, whether such termination occurs by lapse of time or otherwise, such holding over shall, unless otherwise agreed by Landlord in writing, shall constitute and be construed as a tenancy at willfrom month to month only, at a daily monthly rental equal to one-thirtieth (1/30th) 150% of an amount equal to the greater of double the amount of the monthly rental installments of Minimum Rent at the time of such termination or expiration, plus the payment of all other Rent payable during hereunder at the last month prior time of such termination or expiration. During such time as Tenant shall continue to hold the Leased Premises after the termination of this Lease or one hundred fifty percent (150%) of the market rate for which similar space in the Building is then being leased by Landlordexpiration hereof, and upon and subject Tenant shall be regarded as a tenant from month to month; subject, however, to all of the other terms, provisions, covenants covenants, and agreements on the part of Tenant hereunder except any right to renew this Leasehereunder. No payments of money by Tenant to Landlord after the termination or expiration of this Lease shall reinstate, continue continue, or extend the term of this Lease and no extension of this Lease after the termination or expiration thereof shall be valid unless and until the same shall be reduced to writing and signed by both Landlord and Tenant. Nothing in this Paragraph 27 paragraph should be construed as giving Tenant the right to hold over beyond the date of the expiration of this Lease Expiration Date nor preclude Landlord from having the right to dispossess or otherwise terminate Tenant's right of possession. Any month-to-month tenancy at will is terminable upon notice from Landlord.
Appears in 1 contract
Samples: Office Sublease (Advancepcs)