Common use of HOLDOVER TENANCY Clause in Contracts

HOLDOVER TENANCY. If Lessee holds possession of the Premises after the Term of this Lease, Lessee, at Lessor’s option, shall become a tenant from month to month under the provisions herein provided, but at a Monthly Fixed Basic Rent as provided 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 Premises (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 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 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 from any loss or liability resulting from such holding over and delay in surrender. The time limitations described in this Section 27 shall not be subject to extension for Force Majeure.

HOLDOVER TENANCY. If Lessee holds possession of the Premises after the Term Expiration Date of this Lease, Lessee, at Lessor’s option, Lessee shall (i) become a tenant from month to month under the provisions herein provided, but at a Monthly one hundred fifty percent (150%) of the monthly Fixed Basic Rent for the last month of the 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 for pursuant to N.J.S.A. 2A:42-6 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 (but Additional Rent shall continue as provided in this Lease), which sum shall be payable in advance on the first day of each monthPremises, and such tenancy shall continue until terminated by Lessor by notice to Lessee given at least thirty (30) days prior to the intended date of terminationLessor, 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. Lessee shall pay Term Fixed Basic Rent ; and 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 (ii) indemnify Lessor from any 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 holding over and delay in surrenderdelay. Lessee's obligations under this Section shall survive the expiration or sooner termination of the Lease. The time limitations described in this Section 27 Article 25 shall not be subject to extension for Force Majeure.

HOLDOVER TENANCY. If Lessee holds possession of the Premises after the Term Expiration Date of this Lease, Lessee, at Lessor’s option, Lessee shall (i) become a tenant from month to month under the provisions herein provided, but at a Monthly one hundred and fifty percent (150%) of the monthly Fixed Basic Rental 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 Rent for the last month of the Term, plus the Additional Rent, thereafter, which shall continue as provided for pursuant to N.J.S.A. 2A:42-6 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 (but Additional Rent shall continue as provided in this Lease), which sum shall be payable in advance on the first day of each monthPremises, and such tenancy shall continue until terminated by Lessor by notice to Lessee given at least thirty (30) days prior to the intended date of terminationLessor, 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 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 (ii) indemnify Lessor from any 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 holding over and delay in surrenderdelay. Lessee's obligations under this Section shall survive the expiration or sooner termination of the Lease. The time limitations described in this Section 27 25 shall not be subject to extension for Force Majeure.

HOLDOVER TENANCY. If Lessee holds possession of the Premises after the Term Expiration Date of this Lease, Lessee, at Lessor’s option, Lessee shall (i) become a tenant from month to month under the provisions herein provided, but at a Monthly one hundred fifty percent (150%) of the monthly 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, thereafter, which shall continue as provided for pursuant to N.J.S.A. 2A:42-6 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 (but Additional Rent shall continue as provided in this Lease), which sum shall be payable in advance on the first day of each monthPremises, and such tenancy shall continue until terminated by Lessor by notice to Lessee given at least thirty (30) days prior to the intended date of terminationLessor, 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 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 (ii) indemnify Lessor from any 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 holding over and delay in surrenderdelay. Lessee’s obligations under this Section shall survive the expiration or sooner termination of the Lease. The time limitations described in this Section 27 Article 25 shall not be subject to extension for Force Majeure.

HOLDOVER TENANCY. a. If Lessee holds possession of the Premises after the Term Expiration Date of this Lease, Lessee, at Lessor’s option, shall Lessee shall: (i) become a tenant lessee from month to month-to-month under the provisions herein provided, but at a Monthly 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 (1st) 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 for pursuant to N.J.S.A. 2A:42-6 in 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 (but Additional Rent shall continue as provided in this Lease), which sum shall be payable in advance on the first day of each monthPremises, and such tenancy shall continue until terminated by Lessor by notice to Lessee given at least thirty (30) days prior to the intended date of terminationLessor, 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. Lessee shall pay Term Fixed Basic Rent ; and 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 (ii) indemnify Lessor from any 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 holding over and delay in surrenderdelay, provided that 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 Section 27 Article 25 shall not be subject to extension for Force Majeure.

HOLDOVER TENANCY. If Lessee holds possession of the Premises after the Term of this Lease, Lessee, at Lessor’s option, Lessee shall become a tenant Lessee from month to month under the provisions herein provided, but at a Monthly Fixed Basic Rent as provided for pursuant equal to N.J.S.A. 2A:42-6 the 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 and without the requirement for demand or notice by Lessor to Lessee demanding delivery of possession of said Premises (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 by notice to Lessee given at least thirty (30) days prior to the intended date of terminationLessor, 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. Lessee shall pay Term Fixed Basic Rent and 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 from any loss or liability resulting from such holding over and delay in surrender. The time limitations described in this Section 27 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.

HOLDOVER TENANCY. If Lessee holds possession of the Premises after the Term Expiration Date of this Lease, Lessee, at Lessor’s option, Lessee shall (i) become a tenant from month to month under the provisions herein provided, but at a Monthly one hundred seventy-five percent (175%) of the monthly 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 Rent for the last month of the Term, plus the Additional Rent, thereafter, which shall continue as provided for pursuant to N.J.S.A. 2A:42-6 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 (but Additional Rent shall continue as provided in this Lease), which sum shall be payable in advance on the first day of each monthPremises, and such tenancy shall continue until terminated by Lessor by notice to Lessee given at least thirty (30) days prior to the intended date of terminationLessor, 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 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 (ii) indemnify Lessor from any 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 holding over and delay in surrenderdelay. Lessee's obligations under this Section shall survive the expiration or sooner termination of the Lease. The time limitations described in this Section 27 25 shall not be subject to extension for Force Majeure.

HOLDOVER TENANCY. If Lessee holds possession of the Premises Building after the Term of this LeaseExpiration Date, Lessee, at Lessor’s option, Lessee shall become a tenant from month to month under the provisions herein provided, but at a Monthly (a) with no increase whatsoever in the Fixed Basic Rent as provided and/or Additional Rent (other than the escalations set forth in Article 23 hereof) during the first three months of such holding over and (b) Lessee shall thereafter pay the sum of one hundred fifty percent (150%) of the monthly Fixed Basic Rent for pursuant to N.J.S.A. 2A:42-6 the last month of the Term, plus one hundred percent (100%) of the Additional Rent. The increased amount shall be liquidated damages, and, in either case, the foregoing amounts 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 (but Additional Rent shall continue as provided in this Lease), which sum shall be payable in advance on the first day of each monthPremises, and such tenancy shall continue until terminated by Lessor by notice to Lessee given at least on thirty (30) days prior written notice of intent to the intended date of terminationterminate, 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 date, in either case, must be as of the end of a calendar month. Lessee Lessee's obligations under this Section shall pay Term Fixed Basic Rent and 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 from any loss survive the expiration or liability resulting from such holding over and delay in surrendersooner termination of the Lease. The time limitations described in this Section 27 Article 25 shall not be subject to extension for Force Majeure.

HOLDOVER TENANCY. If Lessee holds possession of the Premises after the Term Expiration Date of this Lease, Lessee, at Lessor’s option, shall Lessee shall: (i) become a tenant lessee from month to - to-month under the provisions herein provided, but at a Monthly one hundred and fifty percent (150%) of the monthly Fixed Basic Rent Rental, which was payable for the last month of the 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, which was payable for the last month of the Term, plus the Additional Rent, thereafter, which shall continue as provided for pursuant to N.J.S.A. 2A:42-6 in 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 (but Additional Rent shall continue as provided in this Lease), which sum shall be payable in advance on the first day of each monthPremises, and such tenancy shall continue until terminated by Lessor by notice to Lessee given at least thirty (30) days prior to the intended date of terminationLessor, 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. Lessee shall pay Term Fixed Basic Rent ; and 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 (ii) indemnify Lessor from any 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 holding over and delay in surrenderdelay, 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 Section 27 Article 25 shall not be subject to extension for Force Majeure.

HOLDOVER TENANCY. If Lessee holds possession of the Premises after the Term Expiration Date of this Lease, Lessee, at Lessor’s option, Lessee shall (i) become a tenant from month to month under the provisions herein provided, but at a Monthly one hundred seventy-five percent (175%) of the monthly Fixed Basic Rent for the last month of the 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 for pursuant to N.J.S.A. 2A:42-6 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 (but Additional Rent shall continue as provided in this Lease), which sum shall be payable in advance on the first day of each monthPremises, and such tenancy shall continue until terminated by Lessor by notice to Lessee given at least thirty (30) days prior to the intended date of terminationLessor, 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 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 (ii) indemnify Lessor from any 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 holding over and delay in surrenderdelay. Lessee's obligations under this Section shall survive the expiration or sooner termination of the Lease. The time limitations described in this Section 27 Article 25 shall not be subject to extension for Force Majeure.

HOLDOVER TENANCY. If Lessee holds possession of the Premises after the Term Expiration Date of this Lease, Lessee, at Lessor’s option, Lessee shall (i) become a tenant from month to month under the provisions herein provided, but at a Monthly Fixed Basic 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 for pursuant to N.J.S.A. 2A:42-6 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 (but Additional Rent shall continue as provided in this Lease), which sum shall be payable in advance on the first day of each monthPremises, and such tenancy shall continue until terminated by Lessor by notice to Lessee given at least thirty (30) days prior to the intended date of terminationLessor, 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 actual damages incurred by Lessor resulting from the delay by Lessee shall pay Term Fixed Basic Rent and Additional Rent until such alterations and corrections as are required to be 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 are made, and until notice founded on such additions and improvements as Lessee is entitled to remove have been removeddelay. Lessee shall also pay all damages sustained by Lessor from any loss or liability resulting from such holding over and delay in surrender. The time limitations described in Lessee's obligations under this Section 27 shall not be subject to extension for Force Majeure.survive the

HOLDOVER TENANCY. If Lessee holds possession of the Premises after the Term of this Lease, Lessee, at Lessor’s 's option, shall become a tenant from month to month under the provisions herein provided, but at a Monthly Fixed Basic Rent as provided for pursuant to N.J.S.A. 2A:42-6 8 and without the requirement for demand or notice by Lessor to Lessee demanding delivery of possession of said Premises (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 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 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 from any loss or liability resulting from such holding over and delay in surrender. The time limitations described in this Section 27 shall not be subject to extension for Force Majeure.

HOLDOVER TENANCY. If Lessee holds possession of the Premises after the Term Expiration Date of this Lease, Lessee, at Lessor’s option, Lessee shall (i) become a tenant from month to month under the provisions herein provided, but at a Monthly Fixed Basic twice the monthly fixed basic rental for the last month of the term plus the Additional Rent which shall continue as provided for pursuant to N.J.S.A. 2A:42-6 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 (but Additional Rent shall continue as provided in this Lease), which sum shall be payable in advance on the first day of each monthPremises, and such tenancy shall continue until terminated by Lessor by notice to Lessee given at least thirty (30) days prior to the intended date of terminationLessor, 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 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 (ii) indemnify Lessor from any loss against 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 holding over and delay in surrenderdelay. Lessee’s obligations under this Section shall survive the expiration or sooner termination of the Lease. The time limitations described in this Section 27 Article 25 shall not be subject to extension for Force Majeure.

HOLDOVER TENANCY. If Lessee holds possession of the Premises after the Term Expiration Date of this Lease, Lessee, at Lessor’s option, Lessee shall become a tenant from month to month under the provisions herein provided, but at a Monthly one hundred fifty percent (150%) of the monthly Fixed Basic Rent for the last month of the 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 for pursuant to N.J.S.A. 2A:42-6 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 (but Additional Rent shall continue as provided in this Lease), which sum shall be payable in advance on the first day of each monthPremises, and such tenancy shall continue until terminated by Lessor by notice to Lessee given at least thirty (30) days prior to the intended date of terminationLessor, 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. Lessee month Lessee’s obligations under this Section shall pay Term Fixed Basic Rent and 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 from any loss survive the expiration or liability resulting from such holding over and delay in surrendersooner termination of the Lease. The time limitations described in this Section 27 Article shall not be subject to extension for Force Majeure.