Common use of Holdover Rent Clause in Contracts

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.

Appears in 1 contract

Samples: Sublease (Zogenix Inc)

AutoNDA by SimpleDocs

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-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-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 the lease term, expansion rights, purchase option, and extension rightsrights or the like. 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 One Hundred Fifty percent (120150%) of the Base Rent and Additional Rent payable under this Lease for the last full month before the date of expiration or termination.

Appears in 1 contract

Samples: Office Lease (Inpixon)

Holdover Rent. If Tenant remains in possession of the Premises after expiration or earlier termination of this Lease with Landlord’s 's express written consent, Tenant’s '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 Basic 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 preceeding sentence and (b) the lease clauses (if any) concerning lease term, expansion rights, purchase option, and extension rights. Landlord’s 's acceptance of rent after such holding over with Landlord’s '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 's consent, Tenant’s '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 and fifty percent (120150%) of the Base Basic Rent and Additional Rent payable under this Lease for the last full month before the date of expiration or termination.

Appears in 1 contract

Samples: Office Lease (Cayenta Inc)

Holdover Rent. If Tenant remains in possession of the Premises after expiration or earlier termination of this Lease with Landlord’s 's express written consent, Tenant’s '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 's acceptance of rent after such holding over with Landlord’s '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 's express written consent, Tenant’s '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 terminationtermination on a per diem basis.

Appears in 1 contract

Samples: Office Lease (Collateral Therapeutics Inc)

AutoNDA by SimpleDocs

Holdover Rent. If Tenant remains in possession of the Premises after expiration or earlier termination of this Lease with Landlord’s 's express written consent, Tenant’s 's occupancy shall be a month to 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-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 termsentence, expansion rights, purchase option, and extension rightsbut excepting section 3.1. Landlord’s 's acceptance of rent after such holding over with Landlord’s '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 's express written consent, Tenant’s '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 One Hundred fifty percent (120150%) of the Base Rent and Additional Rent payable under this Lease for the last full month before the date of expiration or termination.

Appears in 1 contract

Samples: Lease (Spectranetics Corp)

Holdover Rent. If Tenant remains in possession of the Premises after expiration or earlier termination of this Lease with Landlord’s 's express written consent, Tenant’s '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 Basic 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 's acceptance of rent after such holding over with Landlord’s '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 's consent, Tenant’s '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 the greater of: (a) one hundred twenty and fifty percent (120150%) of the Base fair market rental (as reasonably determined by Landlord) for the Premises; or (b) two hundred percent (200%) of the Basic Rent and Additional Rent payable under this Lease for the last full month before the date of expiration or termination.

Appears in 1 contract

Samples: Office Lease (Acc Consumer Finance Corp)

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