Common use of Holdover Tenancy Clause in Contracts

Holdover Tenancy. If Lessee holds possession of the Premises after the Expiration Date of this Lease, Lessee shall (i) become a tenant from month to month under the provisions herein provided, but at twice the monthly fixed basic rental for the last month of the term plus the Additional Rent which shall continue as provided in the Lease which sum shall be payable in advance on the first day of each month, and without the requirement for demand or notice by Lessor to Lessee demanding delivery of possession of said Premises, and such tenancy shall continue until terminated by Lessor, or until Lessee shall have given to Lessor, at least sixty (60) days prior to the intended date of termination, a written notice of intent to terminate such tenancy, which termination date must be as of the end of a calendar month; and (ii) indemnify Lessor against loss or liability resulting from the delay by Lessee in so surrendering the Premises including, without limitation, any claims made by any succeeding occupant founded on such delay. Lessee's obligations under this Section shall survive the expiration or sooner termination of the Lease. The time limitations described in this Article 25 shall not be subject to extension for Force Majeure.

Appears in 2 contracts

Samples: Lease (Distinctive Devices Inc), Lease (Purchasesoft Inc)

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Holdover Tenancy. If Lessee holds possession of the Premises after the Expiration Date of this Lease, Lessee shall (i) become a tenant from month to month under the provisions herein provided, but at twice one hundred fifty percent (150%) of the monthly fixed basic rental Fixed Basic Rent for the last month of the term Term, plus the Additional Rent, for the first two (2) months of Lessee's holding over and two hundred percent (200%) of the monthly Fixed Basic Rent for the last month of the Term, plus the Additional Rent, thereafter, which shall continue as provided in the Lease which sum shall be payable in advance on the first day of each month, and without the requirement for demand or notice by Lessor to Lessee demanding delivery of possession of said Premises, and such tenancy shall continue until terminated by Lessor, or until Lessee shall have given to Lessor, at least sixty thirty (6030) days prior to the intended date of termination, a written notice of intent to terminate such tenancy, which termination date must be as of the end of a calendar month; and (ii) indemnify Lessor against loss or liability resulting from the delay by Lessee in so surrendering the Premises including, without limitation, any claims made by any succeeding occupant founded on such delay. Lessee's obligations under this Section shall survive the expiration or sooner termination of the Lease. The time limitations described in this Article 25 shall not be subject to extension for Force Majeure.

Appears in 2 contracts

Samples: Lease (Medicines Co /De), Lease (Medicines Co /De)

Holdover Tenancy. If Lessee holds possession of the Premises after the Expiration Date of this Lease, Lessee shall (i) become a tenant from month to month under the provisions herein provided, but at twice one hundred and fifty percent (150%) of the monthly fixed basic rental Fixed Basic Rental for the last month of the term Term, plus the Additional Rent, for the first month of Lessee's holding over and two hundred percent (200%) of the monthly Fixed Basic Rent for the last month of the Term, plus the Additional Rent, thereafter, which shall continue as provided in the Lease which sum shall be payable in advance on the first day of each month, and without the requirement for demand or notice by Lessor to Lessee demanding delivery of possession of said Premises, and such tenancy shall continue until terminated by Lessor, or until Lessee shall have given to Lessor, at least sixty (60) days prior to the intended date of termination, a written notice of intent to terminate such tenancy, which termination date must be as of the end of a calendar month; and (ii) indemnify Lessor against loss or liability resulting from the delay by Lessee in so surrendering the Premises including, without limitation, any claims made by any succeeding occupant founded on such delay. Lessee's obligations under this Section shall survive the expiration or sooner termination of the Lease. The time limitations described in this Article Section 25 shall not be subject to extension for Force Majeure.

Appears in 2 contracts

Samples: Lease Agreement (Medicines Co/ Ma), Assignment and Assumption of Lease (Medicines Co/ Ma)

Holdover Tenancy. If Lessee holds possession of the Premises after the Expiration Date Term of this Lease, Lessee Lessee, at Lessor’s option, shall (i) become a tenant from month to month under the provisions herein provided, but at twice the monthly fixed basic rental for the last month of the term plus the Additional a Monthly Fixed Basic Rent which shall continue as provided in the Lease which sum shall be payable in advance on the first day of each month, for pursuant to N.J.S.A. 2A:42-6 and without the requirement for demand or notice by Lessor to Lessee demanding delivery of possession of said PremisesPremises (but Additional Rent shall continue as provided in this Lease), which sum shall be payable in advance on the first day of each month, and such tenancy shall continue until terminated by LessorLessor by notice to Lessee given at least thirty (30) days prior to the intended date of termination, or until Lessee shall have given to Lessor, at least sixty (60) days prior to the intended date of termination, a written notice of intent to terminate such tenancy, which termination date must be as of the end of a calendar month; . Lessee shall pay Term Fixed Basic Rent and (ii) indemnify Additional Rent until such alterations and corrections as are required to be made by Lessee are made, and until such additions and improvements as Lessee is entitled to remove have been removed. Lessee shall also pay all damages sustained by Lessor against from any loss or liability resulting from the such holding over and delay by Lessee in so surrendering the Premises including, without limitation, any claims made by any succeeding occupant founded on such delay. Lessee's obligations under this Section shall survive the expiration or sooner termination of the Leasesurrender. The time limitations described in this Article 25 Section 27 shall not be subject to extension for Force Majeure.

Appears in 2 contracts

Samples: Lease Agreement (Wave2Wave Communications, Inc.), Lease Agreement (Wave2Wave Communications, Inc.)

Holdover Tenancy. If Lessee holds possession of the Premises after the Expiration Date of this Lease, Lessee shall (i) become a tenant from month to month under the provisions herein provided, but at twice one hundred fifty percent (150%) of the monthly fixed basic rental Fixed Basic Rent for the last month of the term Term plus the Additional Rent, for the first six (6) months of Lessee’s holding over and two hundred percent (200%) of the monthly Fixed Basic Rent for the last month of the Term thereafter, plus the Additional Rent, which shall continue as provided in the Lease which sum shall be payable in advance on the first day of each month, and without the requirement for demand or notice by Lessor to Lessee demanding delivery of possession of said Premises, and such tenancy shall continue until terminated by Lessor, or until Lessee shall have given to Lessor, at least sixty thirty (6030) days prior to the intended date of termination, a written notice of intent to terminate such tenancy, which termination date data must be as of the end of a calendar month; and (ii) indemnify Lessor against loss or liability resulting from the delay by Lessee in so surrendering the Premises including, without limitation, any claims made by any succeeding occupant founded on such delay. month Lessee's ’s obligations under this Section shall survive the expiration or sooner termination of the Lease. The time limitations described in this Article 25 shall not be subject to extension for Force Majeure.

Appears in 1 contract

Samples: Lease Agreement (Vonage Holdings Corp)

Holdover Tenancy. If Lessee holds possession of the Premises after the Expiration Date of this Lease, Lessee shall shall: (i) become a tenant lessee from month to - to-month under the provisions herein provided, but at twice one hundred and fifty percent (150%) of the monthly fixed basic rental Fixed Basic Rental, which was payable for the last month of the term Term, plus the Additional Rent Rent, for the first two (2) months of Lessee's holding over and two hundred percent (200%) of the monthly Fixed Basic Rent, which was payable for the last month of the Term, plus the Additional Rent, thereafter, which shall continue as provided in the this Lease and which sum shall be payable in advance on the first (1st) day of each month, and without the requirement for demand or notice by Lessor to Lessee demanding delivery of possession of said Premises, and such tenancy shall continue until terminated by Lessor, or until Lessee shall have given to Lessor, at least sixty thirty (6030) days prior to the intended date of termination, a written notice of intent to terminate such tenancy, which termination date must be as of the end of a calendar month; and (ii) indemnify Lessor against loss or liability resulting from the delay by Lessee in so surrendering the Premises Premises, including, without limitation, any claims made by any succeeding occupant founded on such delay, provided Lessor notifies Lessee thereof. Lessee's obligations under this Section shall survive the expiration or sooner termination of the Lease. The time limitations described in this Article 25 shall not be subject to extension for Force Majeure.

Appears in 1 contract

Samples: Lease Agreement (Alteon Inc /De)

Holdover Tenancy. If Lessee holds possession of the Premises after the Expiration Date of this Lease, Lessee shall (i) become a tenant from month to month under the provisions herein provided, but at twice one hundred seventy-five percent (175%) of the monthly fixed basic rental Fixed Basic Rent for the last month of the term Term, plus the Additional Rent, for the first four (4) months of Lessee's holding over and two hundred percent (200%) of the monthly Fixed Basic Rent for the last month of the Term, plus the Additional Rent, thereafter, which shall continue as provided in the Lease which sum shall be payable in advance on the first day of each month, and without the requirement for demand or notice by Lessor to Lessee demanding delivery of possession of said Premises, and such tenancy shall continue until terminated by Lessor, or until Lessee shall have given to Lessor, at least sixty (60) days prior to the intended date of termination, a written notice of intent to terminate such tenancy, which termination date must be as of the end of a calendar month; and (ii) indemnify Lessor against loss or liability resulting from the delay by Lessee in so surrendering the Premises including, without limitation, any claims made by any succeeding occupant founded on such delay. Lessee's obligations under this Section shall survive the expiration or sooner termination of the Lease. The time limitations described in this Article 25 shall not be subject to extension for Force Majeure.

Appears in 1 contract

Samples: Lease (Old Line Bancshares Inc)

Holdover Tenancy. If Lessee holds possession of the Premises after the Expiration Date of this Lease, Lessee shall (i) become a tenant from month to month under the provisions herein provided, but at twice one hundred fifty percent (150%) of the monthly fixed basic rental Fixed Basic Rent for the last month of the Term, plus the Additional Rent, for the first month of lessee’s holding over and two hundred percent (200%) of the monthly Fixed Basic Rental for the last month of the term plus the Additional Rent Rent, thereafter, which shall continue as provided in the Lease which sum shall be payable in advance on the first day of each month, and without the requirement for demand or notice by Lessor to Lessee demanding delivery of possession of said Premises, and such tenancy shall continue until terminated by Lessor, or until Lessee shall have given to Lessor, at least sixty (60) days prior to the intended date of termination, a written notice of intent to terminate such tenancy, which termination date must be as of the end of a calendar month; and (ii) indemnify Lessor against loss or liability resulting from the delay by Lessee in so surrendering the Premises including, without limitation, any claims made by any succeeding occupant founded on such delay. Lessee's ’s obligations under this Section shall survive the expiration or sooner termination of the Lease. The time limitations described in this Article 25 shall not be subject to extension for Force Majeure.

Appears in 1 contract

Samples: Lease Agreement (Tollgrade Communications Inc \Pa\)

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Holdover Tenancy. If Lessee holds possession of the Premises after the Expiration Date Term of this Lease, Lessee shall (i) become a tenant Lessee from month to month under the provisions herein provided, but at twice a Monthly Basic Rent equal to the monthly fixed basic rental for greater of the fair market value of the Premises or two hundred (200%) percent of the Monthly Basic Rent payable during the last full calendar month of the term plus the Additional Rent which shall continue as provided in the Lease which sum shall be payable in advance on the first day of each month, Term and without the requirement for demand or notice by Lessor to Lessee demanding delivery of possession of said PremisesPremises (but Additional Rent shall continue as provided in this Lease), which sum shall be payable in advance on the first day of each month, and such tenancy shall continue until terminated by Lessor, or until Lessee shall have given to Lessor, at least sixty thirty (6030) days prior to the intended date of termination, a written notice of intent to terminate such tenancy, which termination date must be as of the end of a calendar month; and (ii) indemnify Lessor against loss or liability resulting from the delay by Lessee in so surrendering the Premises including, without limitation, any claims made by any succeeding occupant founded on such delay. Lessee's obligations under this Section shall survive the expiration or sooner termination of the Lease. The time limitations described in this Article 25 Section 24 shall not be subject to extension for Force Majeure. Nothing herein contained shall be deemed to be a consent or waiver by Lessor to a holdover by Lessee after the expiration or sooner termination of this Lease. Lessee shall be liable for any and all damages incurred by Lessor as a direct result of Lessee holding over following the expiration or sooner termination of this Lease.

Appears in 1 contract

Samples: Lease (Praecis Pharmaceuticals Inc)

Holdover Tenancy. If Lessee holds possession of the Premises after the Expiration Date Term of this Lease, Lessee Lessee, at Lessor's option, shall (i) become a tenant from month to month under the provisions herein provided, but at twice the monthly fixed basic rental for the last month of the term plus the Additional a Monthly Fixed Basic Rent which shall continue as provided in the Lease which sum shall be payable in advance on the first day of each month, for pursuant to N.J.S.A. 2A:42-8 and without the requirement for demand or notice by Lessor to Lessee demanding delivery of possession of said PremisesPremises (but Additional Rent shall continue as provided in this Lease), which sum shall be payable in advance on the first day of each month, and such tenancy shall continue until terminated by LessorLessor by notice to Lessee given at least thirty (30) days prior to the intended date of termination, or until Lessee shall have given to Lessor, at least sixty (60) days prior to the intended date of termination, a written notice of intent to terminate such tenancy, which termination date must be as of the end of a calendar month; . Lessee shall pay Term Fixed Basic Rent and (ii) indemnify Additional Rent until such alterations and corrections as are required to be made by Lessee are made, and until such additions and improvements as Lessee is entitled to remove have been removed. Lessee shall also pay all damages sustained by Lessor against from any loss or liability resulting from the such holding over and delay by Lessee in so surrendering the Premises including, without limitation, any claims made by any succeeding occupant founded on such delay. Lessee's obligations under this Section shall survive the expiration or sooner termination of the Leasesurrender. The time limitations described in this Article 25 Section 27 shall not be subject to extension for Force Majeure.

Appears in 1 contract

Samples: Lease Agreement (Goamerica Inc)

Holdover Tenancy. If Lessee holds possession of the Premises after the Expiration Date of this Lease, Lessee shall (i) become a tenant from month to month under the provisions herein provided, but at twice one hundred fifty percent (150%) of the monthly fixed basic rental for the last month of the term plus the Additional Rent for the first month and two hundred percent (200%) of the monthly fixed basic rental for the last month of the term plus the Additional Rent thereafter which shall continue as provided in the Lease which sum shall be payable in advance on the first day of each month, and without the requirement for demand or notice by Lessor to Lessee demanding delivery of possession of said Premises, and such tenancy shall continue until terminated by Lessor, or until Lessee shall have given to Lessor, at least sixty thirty (6030) days prior to the intended date of termination, a written notice of intent to terminate such tenancy, which termination date must be as of the end of a calendar month; and (ii) indemnify Lessor against loss or liability actual damages incurred by Lessor resulting from the delay by Lessee in so surrendering the Premises including, without limitation, any actual damages incurred by Lessor resulting from claims made by any succeeding occupant of whom Lessor gives Lessee notice founded on such delay. Lessee's obligations under this Section shall survive the expiration or sooner termination of the Lease. The time limitations described in this Article 25 shall not be subject to extension for Force Majeure.the

Appears in 1 contract

Samples: Lease (Movado Group Inc)

Holdover Tenancy. If Lessee holds possession of the Premises after the Expiration Date of this Lease, Lessee shall (i) become a tenant from month to month under the provisions herein provided, but at twice one hundred seventy-five percent (175%) of the monthly fixed basic rental Fixed Basic Rent for the last month of the term Term, plus the Additional Rent, for the first month of Lessee's holding over and two hundred percent (200%) of the monthly Fixed Basic Rent for the last month of the Term, plus the Additional Rent, thereafter, which shall continue as provided in the Lease which sum shall be payable in advance on the first day of each month, and without the requirement for demand or notice by Lessor to Lessee demanding delivery of possession of said Premises, and such tenancy shall continue until terminated by Lessor, or until Lessee shall have given to Lessor, at least sixty (60) days prior to the intended date of termination, a written notice of intent to terminate such tenancy, which termination date must be as of the end of a calendar month; and (ii) indemnify Lessor against loss or liability resulting from the delay by Lessee in so surrendering the Premises including, without limitation, any claims made by any succeeding occupant founded on such delay. Lessee's obligations under this Section shall survive the expiration or sooner termination of the Lease. The time limitations described in this Article Section 25 shall not be subject to extension for Force Majeure.

Appears in 1 contract

Samples: Lease Agreement (Synova Healthcare Group Inc)

Holdover Tenancy. If Lessee holds possession of the Premises after the Expiration Date of this Lease, Lessee shall (i) become a tenant from month to month under the provisions herein provided, but at twice the monthly fixed basic rental for the last month of the term plus the Additional Rent which shall continue as provided in the Lease which sum shall be payable in advance on the first day of each month, and without the requirement for demand or notice by Lessor to Lessee demanding delivery of possession of said Premises, and such tenancy shall continue until terminated by Lessor, or until Lessee shall have given to Lessor, at least sixty (60) days prior to the intended date of termination, a written notice of intent to terminate such tenancy, which termination date must be as of the end of a calendar month; and (ii) indemnify Lessor against loss lost or liability resulting from the delay by Lessee in so surrendering the Premises including, without limitation, any claims made by any succeeding occupant founded on such delay. Lessee's ’s obligations under this Section shall survive the expiration or sooner termination of the Lease. The time limitations described in this Article 25 shall not be subject to extension for Force Majeure.

Appears in 1 contract

Samples: Lease Agreement (Scopus Video Networks Ltd.)

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