Common use of Holdover Agreement Clause in Contracts

Holdover Agreement. If after the expiration of the term of this lease, Lessee shall remain in possession of the demised Premises and continue to pay rent without any express written agreement as to such holding over, then such holding over shall be deemed and taken to be a holding over upon a tenancy from month to month at a monthly rental equivalent of 125% of the current rental hereinabove set forth, such payments to be made as hereinabove provided. In the event of such holding over, all terms of the lease as herein set out are to remain in full force and effect on said month to month basis.

Appears in 3 contracts

Samples: Lease Agreement, Business Lease (Urban-Gro, Inc.), Business Lease (Urban-Gro, Inc.)

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Holdover Agreement. If after the expiration of the term of this leaseLease, Lessee shall remain in possession of the demised Leased Premises and continue to pay rent Rent without any express written agreement as to such holding over, then such holding over shall be deemed and taken to be a holding over upon a tenancy from month to month at a monthly rental equivalent of 125150% of the current rental Minimum Rent hereinabove set forth, such payments to be made made, together with Additional Rent and all other Lessee obligations as hereinabove provided. In the event of such holding over, all terms of the lease Lease as herein set out are to remain in full force and effect on said month to month basis.

Appears in 1 contract

Samples: Business Lease (RD&G Holdings Corp)

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Holdover Agreement. If If, after the expiration of the term of this lease, Lessee shall remain in possession of the demised Premises premises and continue to pay rent without any express written agreement as to such holding over, then such holding over shall be deemed and taken to be a holding over upon a tenancy from month to month at a monthly rental equivalent of 125% of to the current maximum rental hereinabove set forthmost recently charged, such payments to be made as hereinabove hereinbefore provided. In the event of such holding over, all the terms of the lease as herein set out are to remain in full force and effect on said month to month basis.

Appears in 1 contract

Samples: Business Lease (Commercial Acquisitions Corp /C0/)

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