Holdover Rent. Landlord and Tenant recognize that the damage to Landlord resulting from any failure by Tenant 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 on or before the Expiration Date or sooner termination of the Term, in addition to any other rights or remedies Landlord may have hereunder or at law, Tenant shall:
(a) pay to Landlord (i) for the first 90 days during which Tenant holds over in the Premises after the Expiration Date or sooner termination of the Term, a sum equal to (x) one and one-half times the Rent (other than Percentage Rent) payable under this Lease for the last full calendar month of the Term plus (y) the Percentage Rent payable under this Lease for such period, and (ii) for each month (or portion thereof) thereafter, a sum equal to (x) two times the Rent (other than Percentage Rent) payable under this Lease for the last full calendar month of the Term plus (y) the Percentage Rent payable under this Lease, which amounts shall be payable in lieu of any “use and occupancy” payment permitted or required by law; and
(b) be liable to Landlord for any payment or rent concession 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 Tenant, provided that such new lease is fully executed prior to the date upon which Tenant vacates the Premises and Landlord notifies Tenant that Landlord will incur such payment or rent concession. No holding-over by Tenant, nor the payment to Landlord of the amounts specified above, shall operate to extend the Term hereof. Nothing herein contained shall be deemed to permit Tenant to retain possession of the Premises after the Expiration Date or sooner termination of this Lease, and no acceptance by Landlord of payments from Tenant 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.
Holdover Rent. If Tenant remains in possession of the Premises after expiration or earlier termination of this Lease with Landlord’s express written consent, Tenant’s occupancy shall be a month to month tenancy at a rent agreed on by Landlord and Tenant but in no event less than the Base Rent and Additional Rent payable under this Lease during the last full month before the date of expiration or earlier termination of this Lease. The month to month tenancy shall be on the terms and conditions of this Lease except as provided in (a) the preceding sentence and (b) the lease clauses (if any) concerning lease term, expansion rights, purchase option, and extension rights. Landlord’s acceptance of rent after such holding over with Landlord’s written consent shall not result in any other tenancy or in a renewal of the original term of this Lease. If Tenant remains in possession of the Premises after expiration or earlier termination of this Lease without Landlord’s express written consent, Tenant’s continued possession shall be on the basis of a tenancy at sufferance and Tenant shall pay as rent during the holdover period an amount equal to one hundred twenty percent (120%) of the Base Rent and Additional Rent payable under this Lease for the last full month before the date of expiration or termination.
Holdover Rent. In the event, Sublessee remains in occupancy of the Sublease Premises upon expiration of the term of the Sublease, or earlier expiration of the Sublease or Sublessee’s rights to possession of the Sublease Premises for default or otherwise, without Sublessor’s written authorization, the holdover penalty shall be five hundred (500%) percent of the Rent paid for the last month of the Sublease Premises term. Additionally, Sublessee shall indemnify and hold Sublessor harmless against any holdover penalties, damages, costs, and expenses of any kind incurred by Sublessor under the Master Lease that Sublessor may incur, or be liable to Master Lessor for, as a result of Sublessee’s holdover beyond the Sublease Premises Term or Extended Sublease Premises Term. If Sublessee demonstrates to Sublessor’s satisfaction that (1) it has signed a lease covering the Subleased Premises with Master Lessor for a term beyond March 31, 2022 and (2) that Sublessee will not cause Sublessor to suffer any liability or expense by remaining in the Subleased Premises beyond February 28, 2022, then, for the period from February 28, 2022 to March 31, 2022 only (the “Extended Sublease Premises Term”), the Sublease term shall be extended at the same Sublease Premises Rent and under the same terms and conditions as the previous month.
Holdover Rent. Holding over is not permitted. However, if Xxxxxx fails to vacate the Property on or before the Termination Date and remains on the Premises without a written agreement with Landlord authorizing Tenant to do so, Tenant shall owe Holdover Rent.
Holdover Rent. If Lessee remains in possession of the FF&E after the expiration of the Term, Lessee will be deemed to be a holdover renter of the FF&E on a month-to-month basis, subject to all the other terms and conditions of this Lease.
Holdover Rent. Without limiting Landlord's rights and remedies, if Tenant holds over in possession of the Premises beyond the end of the Lease Term, during the holdover period the Rent will be double the amount of the Rent due and payable for the last month of the Lease Term.
Holdover Rent. Upon the termination of this Lease (whether by the expiration of the Term of the Lease or otherwise) Lessee must immediately vacate the Property. If Lessee fails to do so then at the option of Lessor, but without the execution of a new lease by Lessor and Lessee, Lessee shall immediately become a tenant from month-to-month of the Property, or any part thereof, at a Net Rent (as hereinafter defined) equal to the greater of two hundred percent (200%) of the Net Rent effective in the month immediately preceding termination of this Lease or one hundred fifty percent (150%) of the then applicable fair market rental value of the Property, and under all other terms, conditions, provisions, and obligations of this Lease insofar as the same are applicable to a tenancy from month-to-month.
Holdover Rent. If Subtenant fails to vacate the Premises or commence demolition of the Main Building and related improvements (the removal of any asbestos and all other Hazardous Materials, if any, in the Main Building shall constitute, among other things, demolition for purposes of this paragraph) as set forth in more detail in Paragraphs 32(b)-(d) on or before the earlier of January 1, 2001 or the date thirty (30) days after the effective date of the earlier termination of this Sublease, as such earlier date may be extended pursuant to the terms below, Subtenant shall pay to Sublandlord an amount equal to two hundred percent (200%) of the daily Rent due under this Sublease immediately prior to such date for each day that Subtenant fails to vacate the Premises or commence demolition of the Main Building and related improvements as set forth above. For the purposes of the immediately preceding sentence, Subtenant shall be deemed to have commenced demolition of the Main Building and related improvements or commenced removal of asbestos and all other Hazardous Materials, if any, in the Main Building if Subtenant has undertaken activity in such regards which evidences Subtenant's clear and good faith intention to complete such demolition and remediation in an expeditious manner. Sublandlord's acceptance of any payments pursuant to this Paragraph shall not constitute a consent to Subtenant's holdover or result in any renewal of this Sublease. The provisions set forth herein are in addition to and do not affect Sublandlord's right of re-entry or any other rights of Sublandlord under this Sublease or at law.
Holdover Rent. If Lessee fails to return the Aircraft (including the Records) at the time, place and in the condition specified in this Return Addendum, all of Lessee's obligations under the Lease shall continue until it is so returned to Lessor, as liquidated damages, and not as a penalty, and, in addition to all other Rent due under the Lease, Lessee shall pay to Lessor an amount equal to the greater of the fair market rent value (which for the purposes of this Section shall be as determined by Lessor) or the Daily Rent for each day after the end of the Term to, but excluding the day the Aircraft is actually returned in accordance with this Return Addendum; provided, however, that the obligation to pay any such holdover or additional rent shall neither extend the time to return, nor constitute a waiver of any Default or Event of Default arising by reason of such failure to return. Such amount shall be payable upon the earlier of Lessor's demand or the return of the Aircraft in accordance with the Lease.
Holdover Rent. Rent shall automatically increase FORTY PERCENT (40%) on all holdover periods, shall remain valid for the duration of the holdover period and shall be collectable as Rent. This provision shall not limit the Landlord's remedies provided by A.R.S. § 33-1375. Tenant shall indemnify Landlord for all damages and expenses incurred and shall reimburse Landlord for payment of all reasonable settlements made by Landlord with third-parties (i.e., other tenants) as a result of You holding over.
