Holdover Rate Sample Clauses

Holdover Rate. Month-to-month energy supply charge used after expiration of this Agreement, based on prevailing PJM energy market rates and fees. Your holdover rate will include Electric Generation Service Charge, Transmission Charge and estimated Gross Receipts Tax (GRT).
Sample 1Sample 2
AutoNDA by SimpleDocs
Holdover Rate. The daily rate for holding over beyond the expiration or termination of the Lease is two (2) times the amount of daily Rent.
Sample 1Sample 2
Holdover Rate. Except as to a holding over by Tenant during the Permitted Holdover Period, defined below, the Holdover Rate applicable during any holding over by Tenant after the Termination Date shall be one hundred fifty percent (150%) of the Monthly Rent applicable under the Lease during the month immediately preceding the Termination Date; accordingly, except for Holdover Rent owed by Tenant during the Permitted Holdover Period, the Holdover Rent shall be comprised of Monthly Additional Rent, defined above, plus Monthly Rent calculated at such Holdover Rate.
Sample 1
Holdover Rate. If Tenant does not exercise any of its Renewal Options hereunder, notwithstanding anything to the contrary contained in the Lease, Tenant shall have the right to three (3) consecutive holdover periods of one (I) month each, and the Base Rent applicable to each such holdover period shall be ***% of the Base Rent rate applicable to the last full calendar month of the Term prior to the first such holdover period; any holdover by Tenant beyond the holdover periods contemplated above shall be permitted only with Landlord’s prior written consent, and the Base Rent shall be ***% of the Base Rent rate applicable to the last full calendar month of the Term prior to the first such holdover period.
Sample 1
Holdover Rate. The indexed Holdover Rate energy supply charge will be based upon the ERCOT balancing energy services Real-Time Energy (“RTE”), any Reliability Unit Commitment Charges (“RUC”), applied to the customer’s assigned ERCOT load profile (non-IDR meter) or the 15-minute interval data (Interval Data Recorder [IDR]) per ESI-ID plus a fixed RTE Adder. The energy supply charge includes costs associated with the purchase of electricity including Transmission and Distribution Losses, Ancillary Services and ERCOT Uplift Charges to the customer’s ESI-ID’s.
Sample 1

Related to Holdover Rate

  • Holdover Should Lessee remain in possession of the Premises after the cancellation, expiration or sooner termination of the Lease, or any renewal thereof, without the execution of a new Lease or addendum, such holding over in the absence of a written agreement to the contrary shall be deemed, if Lessor so elects, to have created and be construed to be a tenancy from month to month, terminable upon thirty (30) days’ notice by either party.

  • Holdover Rent Landlord and Tenant recognize that the damage to Landlord resulting from any failure by any Tenant Party to timely surrender possession of the Premises may be substantial, may exceed the amount of the Rent theretofore payable hereunder, and will be impossible to accurately measure. Tenant therefore agrees that if possession of the Premises is not surrendered to Landlord within twenty-four (24) hours after the Expiration Date, excluding Unavoidable Delays, or sooner termination of the Term, in addition to any other rights or remedies Landlord may have hereunder or at law, Tenant shall pay to Landlord for each month (notwithstanding that any holdover may be for a period of less than a calendar month) during which any Tenant Party holds over in the Premises after the Expiration Date or sooner termination of the Term, a sum equal to (i) one and one-half (11/2) times the Rent payable under this Lease for the last full calendar month of the Term determined on a gross basis for the first one hundred twenty (120) days of holdover and (ii) two (2) times the Rent payable under this Lease for the last full calendar month of the Term determined on a gross basis from the one hundred twenty-first (121st) day of holdover until Tenant vacates the Premises and delivers possession to Landlord; and Tenant shall be liable to Landlord for any payment or rent concession (including, without limitation, any consequential damages, but excluding any non-customary excessive penalties provided for in the New Tenant’s (as hereinafter defined) lease) which Landlord may be required to make to any tenant obtained by Landlord for all or any part of the Premises (a “New Tenant”) in order to induce such New Tenant not to terminate its lease by reason of the holding-over by any Tenant Party, and the loss of the benefit of the bargain if any New Tenant shall terminate its lease by reason of the holding-over by any Tenant Party, and indemnify Landlord against all claims for damages by any New Tenant. No holding-over by any Tenant Party, nor the payment to Landlord of the amounts specified above, shall operate to extend the Term hereof, nor constitute any tenancy other than a “month to month” tenancy at will. Nothing herein contained shall be deemed to permit any Tenant Party to retain possession of the Premises after the Expiration Date or sooner termination of this Lease, and no acceptance by Landlord of payments from any Tenant Party after the Expiration Date or sooner termination of the Term shall be deemed to be other than on account of the amount to be paid by Tenant in accordance with the provisions of this Article 20, nor shall it operate as a waiver of Landlord’s right of re-entry or any other right or remedy of Landlord under this Lease. All of Tenant’s obligations under this Article 20 shall survive the expiration or earlier termination of the Term of this Lease.

  • Monthly Rent The rent amount for the initial period shall be: _ Dollars ($_ ) paid on the _ (#) day of every month and: (check one) ☐ - Shall remain the same during the Initial Term. ☐ - Shall increase during the Initial Term as follows: 1st Period: • From _ _ (mm/dd/yyyy), to _ (mm/dd/yyyy). • Monthly Rent: _ _ Dollars ($ ) 2nd Period: • From _ _ (mm/dd/yyyy), to _ (mm/dd/yyyy). • Monthly Rent: _ _ Dollars ($ )

  • Lease Year Lease Year" means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!