Common use of Holdover Status Clause in Contracts

Holdover Status. If Tenant continues occupying the Premises after the Term ends ("Holdover") then: (i) if the Holdover is with Landlord's written consent, it shall be a month-to-month tenancy, terminable on thirty (30) days advance notice by either party. Tenant shall pay at the beginning of each month Base Rent and Additional Rent that is five percent (5%) higher than the amount due in the last full month immediately preceding the Holdover period unless Landlord specifies a lower or higher Rent and Additional Rent in the written consent; (ii) if the Holdover is without Landlord's written consent, then Tenant shall be a tenant-at-sufferance. Tenant shall pay by the first day of each month twice the amount of Base Rent and Additional Rent due in the last full month immediately preceding the Holdover period and shall be liable for any damages suffered by Landlord because of Tenant's Holdover, Landlord shall retain its remedies against Tenant who holds over without written consent.

Appears in 2 contracts

Samples: Office Lease Agreement (Engage Technologies Inc), Office Lease Agreement (Total Sports Inc)

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Holdover Status. If Tenant continues occupying the Premises --------------- after the Term ends ("Holdover") then: (i) if If the Holdover is with Landlord's written consent, it shall be a month-to-month tenancy, terminable on thirty (30) days advance notice by either party. Tenant shall pay at the beginning of each month Base Rent and Additional Rent that is five percent (5%) percent higher than the amount due in the last full month immediately preceding the Holdover period unless Landlord specifies a lower or higher Rent and Additional Rent in the written consent; (ii) if If the Holdover is without Landlord's written consent, then Tenant shall be a tenant-at-sufferance. Tenant shall pay by the first day of each month twice the amount of Base Rent and Additional Rent due in the last full month immediately preceding the Holdover period and shall be liable for any damages suffered by Landlord because of Tenant's Holdover, . Landlord shall retain its remedies against Tenant who holds over without written consent.

Appears in 1 contract

Samples: Commercial Lease Agreement (Radiant Systems Inc)

Holdover Status. If Tenant continues occupying the Premises after the Term ends ("Holdover") then: (i) if the Holdover is with Landlord's written consent, it shall be a month-to-month tenancy, terminable on thirty (30) days advance notice by either party. Tenant shall pay at the beginning of each month Base Gross Rent and Additional Rent that is five percent (5%) higher than the amount due in the last full month immediately preceding the Holdover period unless Landlord specifies a lower or higher Rent and Additional Rent in the written consent; (ii) if the Holdover is without Landlord's written consent, then Tenant shall be a tenant-at-sufferance. Tenant shall pay by the first day of each month twice 150% of the amount of Base Gross Rent and Additional Rent due in the last full month immediately preceding the Holdover period and shall be liable for any damages suffered by Landlord because of Tenant's Holdover, Landlord shall retain its remedies against Tenant who holds over without written consent.

Appears in 1 contract

Samples: Office Lease Agreement (Inflow Inc)

Holdover Status. If Tenant continues occupying the Premises after the Term ends ("Holdover") then: (i) : if the Holdover is with Landlord's written consent, it shall be a month-to-to- month tenancy, terminable on thirty (30) days advance notice by either party. , and Tenant shall pay at the beginning of each month the Base Rent and Additional Rent that is five percent fifty (550%) percent higher than the amount due in the last full month immediately preceding the Holdover period unless Landlord specifies a lower or higher Rent and Additional Rent in the written consent; (ii) period; if the Holdover is without Landlord's written consent, then Tenant shall be a tenant-at-sufferance. , and Tenant shall pay by the first day of each month twice the amount of Base Rent and Additional Rent due in the last full month immediately preceding the Holdover period and shall be liable for any damages suffered by Landlord because of Tenant's Holdover. In addition to the right to collect double Base Rent and Additional Rent, Landlord shall retain its remedies against Tenant who holds over without Landlord's written consent.

Appears in 1 contract

Samples: Office Lease Agreement (E Loan Inc)

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Holdover Status. If Tenant continues occupying the Premises after the Term ends ("Holdover") then: (i) if the Holdover is with Landlord's ’s written consent, it shall be a month-to-month tenancy, terminable on thirty (30) days advance notice by either party. Tenant shall pay at the beginning of each month Base Rent and Additional Rent that is five percent (5%) higher than the amount due in the last full month immediately preceding the Holdover period unless Landlord specifies a lower or higher Rent and Additional Rent in the written consent; (ii) if the Holdover is without Landlord's ’s written consent, then Tenant shall be a tenant-at-sufferance. Tenant shall pay by the first day of each month twice the amount of Base Rent and Additional Rent due in the last full month immediately preceding the Holdover period and shall be liable for any damages suffered by Landlord because of Tenant's ’s Holdover, Landlord shall retain its remedies against Tenant who holds over without written consent.

Appears in 1 contract

Samples: Lease (North State Bancorp)

Holdover Status. If Tenant continues occupying the Premises after the Term ends expiration or termination of this Lease ("Holdover") then: (i) if the Holdover is with Landlord's ’s written consent, it shall be a month-to-month tenancy, terminable on thirty (30) days advance notice by either party. Tenant shall pay at the beginning of each month Base Rent and Additional Rent that is five percent (5%) higher than 125% of the amount due in the last full month immediately preceding the Holdover period period, including any Additional Rent, unless Landlord specifies a lower or higher Rent and or Additional Rent in the written consent; (ii) if the Holdover is without Landlord's ’s written consent, then Tenant shall be a tenant-at-sufferance. Tenant shall pay by the first day be liable to Landlord for 150% of each month twice the amount of Base Rent and Additional Rent due in the last full month immediately preceding the Holdover period and shall shall, in the event that Tenant’s holdover is for more than thirty (30) days, in addition be liable for any damages suffered by Landlord because of Tenant's Holdover’s Holdover arising after such thirty (30) day period, and Landlord’s obligation to Tenant for services and repairs (paragraphs 3.2 and 3.3) shall end. Landlord shall retain its remedies against Tenant who if it holds over without written consent.

Appears in 1 contract

Samples: Office Lease (Blackboard Inc)

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