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Common use of Holdover Clause in Contracts

Holdover. (a) If Tenant does not vacate the Premises at the time required, Landlord shall have the option to treat Tenant as a tenant from month-to-month, subject to all of the provisions of this Lease except the provisions for term and renewal and at a rental rate equal to $35,000.00 per month, or to eject Tenant from the Premises and recover damages caused by wrongful holdover. Failure of Tenant to remove fixtures, furniture, furnishings, or trade fixtures that Tenant is required to remove under this Lease shall constitute a failure to vacate to which this Section shall apply if the property not removed will substantially interfere with occupancy of the Premises by another tenant or with occupancy by Landlord for any purpose including preparation for a new tenant. (b) If a month-to-month tenancy results from a holdover by Tenant under this Section 15.3, the tenancy shall be terminable at the end of any monthly rental period on written notice from Landlord given not less than ten (10) days prior to the termination date which shall be specified in the notice. Tenant waives any notice that would otherwise be provided by law with respect to a month-to-month tenancy.

Appears in 4 contracts

Samples: Commercial Lease (Western Power & Equipment Corp), Commercial Lease (Western Power & Equipment Corp), Commercial Lease (Western Power & Equipment Corp)

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Holdover. (a) 15.3.1 If Tenant does not vacate the Premises Property at the time required, Landlord shall have the option to treat Tenant as a tenant from month-to-month to month, subject to all of the provisions of this Lease Lease, except the provisions for term and renewal and at a rental rate equal to $35,000.00 per monthone hundred fifty percent (150%) of the rent last paid by Tenant during the original term, or to eject Tenant from the Premises Property and recover damages caused by wrongful holdover. Failure of Tenant to remove fixtures, furniture, furnishings, or trade fixtures that Tenant is required to remove under this Lease shall constitute a failure to vacate to which this Section section shall apply if the property not removed will substantially interfere with occupancy of the Premises Property by another tenant or with occupancy by Landlord for any purpose including preparation for a new tenant. (b) 15.3.2 If a month-to-month tenancy results from a holdover by Tenant under this Section 15.3, the tenancy shall be terminable at the end of any monthly rental period on written notice from Landlord given not less than ten (10) days prior to the termination date which shall be specified in the notice. Tenant waives any notice that would otherwise be provided by law with respect to a month-to-month tenancy.

Appears in 4 contracts

Samples: Commercial Lease, Commercial Lease, Commercial Lease

Holdover. (a) If Tenant does not vacate the Premises premises at the time required, Landlord shall have the option to treat Tenant as a tenant from month-to-month to month, subject to all of the provisions of this Lease lease except the provisions for term and renewal renewal, and at a rental rate the provision for rent, which shall be equal to $35,000.00 per month, or to eject Tenant from one hundred fifty percent (150%) of the Premises and recover damages caused by wrongful holdoverlast rental payable under the lease. Failure of Tenant to remove fixtures, furniture, furnishings, or trade fixtures that which Tenant is required to remove under this Lease lease shall constitute a failure to vacate to which this Section paragraph shall apply if the property not removed will substantially interfere with occupancy of the Premises premises by another tenant or with occupancy by Landlord for any purpose including preparation for a new tenant. (b) If a month-to-month tenancy results from a holdover by Tenant under this Section paragraph 15.3, the tenancy shall be terminable at the end of any monthly rental period on written notice from Landlord given not less than ten (10) days prior to the termination date which shall be specified in the notice. Tenant waives any notice that which would otherwise be provided by law with respect to a month-to-month tenancy.

Appears in 3 contracts

Samples: Medical Office Lease (Physician Partners Inc), Medical Office Lease (Physician Partners Inc), Land Sale Contract (Physician Partners Inc)

Holdover. (a) If Tenant does not vacate the Premises at the time required, Landlord shall have the option to treat Tenant as a tenant from month-to-month, subject to all of the provisions of this Lease except the provisions for term and renewal and at a rental rate equal to $35,000.00 30,000.00 per month, or to eject Tenant from the Premises and recover damages caused by wrongful holdover. Failure of Tenant to remove fixtures, furniture, furnishings, or trade fixtures that Tenant is required to remove under this Lease shall constitute a failure to vacate to which this Section shall apply if the property not removed will substantially interfere with occupancy of the Premises by another tenant or with occupancy by Landlord for any purpose including preparation for a new tenant. (b) If a month-to-month tenancy results from a holdover by Tenant under this Section 15.3, the tenancy shall be terminable at the end of any monthly rental period on written notice from Landlord given not less than ten (10) days prior to the termination date which shall be specified in the notice. Tenant waives any notice that would otherwise be provided by law with respect to a month-to-month tenancy.

Appears in 3 contracts

Samples: Commercial Lease (Western Power & Equipment Corp), Commercial Lease (Western Power & Equipment Corp), Commercial Lease (Western Power & Equipment Corp)

Holdover. (a) If Tenant Lessee does not vacate the Premises leased premises at the time required, Landlord Lessor shall have the option to treat Tenant Lessee as a tenant Lessee from month-to-month, subject to all of the provisions of this Lease lease except the provisions for term and renewal and at a rental rate equal to $35,000.00 per month, or to eject Tenant from the Premises and recover damages caused by wrongful holdoverrenewal. Failure of Tenant Lessee to remove fixtures, furniture, furnishings, furnishing or trade fixtures that Tenant is required to remove which under this Lease lease shall constitute a failure to vacate to which this Section paragraph shall apply if the property not removed will substantially interfere with occupancy of the Premises premises by another tenant Lessee or with occupancy by Landlord Lessor for any purpose purpose, including preparation for a new tenantLessee. Lessee's monthly rent shall automatically increase to an amount equal to 150% of the last month's rental rate during the specified lease term, for any holdover period. (b) If a month-to-month tenancy results from a holdover by Tenant Lessee under this Section 15.3Paragraph 17.3, the tenancy shall be terminable at the end of any monthly rental period on written notice from Landlord Lessor, given not less than ten TEN (10) days prior to the termination date which shall be specified in the notice. Tenant Lessee waives any notice that which would otherwise be provided by law with respect to a month-to-month tenancy.

Appears in 2 contracts

Samples: Lease Agreement, Real Estate Lease Agreement (Diego Pellicer Worldwide, Inc)

Holdover. (ai) If Tenant does not vacate the Premises at the time required, Landlord shall have the option to treat Tenant as a tenant from month-to-month, subject to all of the provisions of this Lease except the provisions provision for term the Term, and renewal and at a rental rate equal to $35,000.00 per except the Base Rent provided herein shall be 150% of the Base Rent then in effect during the period of the month, or to eject Tenant from the Premises and recover damages caused by wrongful holdover-to-month tenancy. Failure of Tenant to remove fixtures, furniture, furnishings, furnishings or trade fixtures that which Tenant is required to remove under this Lease shall constitute a failure to vacate to which this Section 20(c) shall apply if the property not removed will substantially interfere with occupancy of the Premises by another tenant or with occupancy by Landlord for any purpose including preparation for a new tenant. (bii) If a month-to-month tenancy results from a holdover by Tenant under this Section 15.320(c), the tenancy shall be terminable at the end of any monthly rental period on written notice from Landlord given not less than ten (10) days prior to the termination date which shall be specified in the notice. Tenant waives any notice that which would otherwise be provided by law with respect to a month-to-month tenancy.

Appears in 2 contracts

Samples: Lease Agreement, Office Lease Agreement (Jive Software, Inc.)

Holdover. (a) If Tenant Lessee does not vacate the Premises leased premises at the time required, Landlord Lessor shall have the option to treat Tenant Lessee as a tenant Lessee from month-to-month, subject to all of the provisions of this Lease lease except the provisions for term and renewal and at a rental rate equal to $35,000.00 per month, or to eject Tenant from the Premises and recover damages caused by wrongful holdoverrenewal. Failure of Tenant Lessee to remove fixtures, furniture, furnishings, furnishing or trade fixtures that Tenant is required to remove which under this Lease lease shall constitute a failure to vacate to which this Section paragraph shall apply if the property not removed will substantially interfere with occupancy of the Premises premises by another tenant Lessee or with occupancy by Landlord Lessor for any purpose purpose, including preparation for a new tenantLessee. Lessee’s monthly rent shall automatically increase to an amount equal to 150% of the last month’s rental rate during the specified lease term, for any holdover period. (b) If a month-to-month tenancy results from a holdover by Tenant Lessee under this Section 15.3Paragraph 17.3, the tenancy shall be terminable at the end of any monthly rental period on written notice from Landlord Lessor, given not less than ten TEN (10) days prior to the termination date which shall be specified in the notice. Tenant Lessee waives any notice that which would otherwise be provided by law with respect to a month-to-month tenancy.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

Holdover. (a) If Tenant does not vacate the Parking Premises at the time required, Landlord shall have the option to treat Tenant as a tenant from month-to-month to month, subject to all of the provisions of this Parking Lot Lease (except that the provisions for term will be month to month and renewal and at a rental rate equal to $35,000.00 per monthMonthly Rent will be 150 percent of the amount of rent then being paid by Tenant), or to eject Tenant from the Parking Premises and recover damages caused by wrongful holdover. Failure of Tenant to remove fixtures, furniture, furnishings, equipment or trade fixtures that personal property which Tenant is required to remove under this Parking Lot Lease shall constitute a failure to vacate to which this Section paragraph shall apply if the property not removed will substantially interfere interferes with occupancy of the Parking Premises by another tenant or with occupancy by Landlord for any purpose including preparation for a new tenant. (b) . If a month-to-month tenancy results from a holdover by Tenant under this Section 15.3Tenant, the tenancy shall be terminable at the end of any monthly rental period on written notice from Landlord given not less than ten (10) days prior to the termination date which shall be specified in the notice. Tenant waives any notice that which would otherwise be provided by law with respect to a month-to-month tenancy.

Appears in 1 contract

Samples: Parking Lot Lease (Lacrosse Footwear Inc)

Holdover. (a1) If Tenant does not vacate the Premises at the time required, Landlord shall have the option to treat Tenant as a tenant from month-to-month to month, subject to all of the provisions of this Lease lease except the provisions for term and renewal and at a rental rate equal to $35,000.00 per month200 percent of the rent last paid by Tenant during the original term, or to eject Tenant tenant from the Premises and recover damages caused by wrongful holdover. Failure of Tenant tenant to remove fixtures, furniture, furnishings, or trade fixtures that Tenant is required to remove under this Lease lease shall constitute a failure to vacate to which this Section section shall apply if the property not removed will substantially interfere with occupancy of the Premises by another tenant or with occupancy by Landlord for any purpose including preparation for a new tenant. (b2) If a month-to-month tenancy results from a holdover by Tenant under this Section 15.3, the tenancy shall be terminable at the end of any monthly rental period on written notice from Landlord given not less than ten thirty (1030) days prior to the termination date which shall be specified in the notice. Tenant waives any notice that would otherwise be provided by law with respect to a month-to-month tenancy.

Appears in 1 contract

Samples: Commercial Lease (Phoenix Gold International Inc)

Holdover. (a) If Tenant does not vacate the Premises at the time required, Landlord shall have the option to treat Tenant as a tenant from month-to-month, subject to all of the provisions of this Lease except the provisions for term and renewal and at a rental rate equal to $35,000.00 15,000.00 per month, or to eject Tenant from the Premises and recover damages caused by wrongful holdover. Failure of Tenant to remove fixtures, furniture, furnishings, or trade fixtures that Tenant is required to remove under this Lease shall constitute a failure to vacate to which this Section shall apply if the property not removed will substantially interfere with occupancy of the Premises by another tenant or with occupancy by Landlord for any purpose including preparation for a new tenant. (b) If a month-to-month tenancy results from a holdover by Tenant under this Section 15.3, the tenancy shall be terminable at the end of any monthly rental period on written notice from Landlord given not less than ten (10) days prior to the termination date which shall be specified in the notice. Tenant waives any notice that would otherwise be provided by law with respect to a month-to-month tenancy.

Appears in 1 contract

Samples: Commercial Lease (Western Power & Equipment Corp)

Holdover. (a1) If Tenant does not vacate the Premises at the time required, Landlord shall have the option to treat Tenant as a tenant from month-to-month to month, subject to all of the provisions of this Lease lease except the provisions for term and renewal [and at a rental rate equal to $35,000.00 per month150% of the rent last paid by Tenant during the original term], or to eject Tenant from the Premises and recover damages caused by wrongful holdover. Failure of Tenant to remove fixtures, furniture, furnishings, or trade fixtures that Tenant is required to remove under this Lease lease shall constitute a failure to vacate to which this Section section shall apply if the property not removed will substantially interfere with occupancy of the Premises by another tenant or with occupancy by Landlord for any purpose including preparation for a new tenant. (b2) If a month-to-month tenancy results from a holdover by Tenant under this Section 15.316.3, the tenancy shall be terminable at the end of any monthly rental period on written notice from Landlord given not less than ten (10) 10 days prior to before the termination date which shall be specified in the notice. Tenant waives any notice that would otherwise be provided by law with respect to a month-to-month tenancy.

Appears in 1 contract

Samples: Commercial Lease (Redhook Ale Brewery Inc)

Holdover. (a1) If Tenant does not vacate the Premises leased premises at the time required, Landlord shall have the option to treat Tenant as a tenant from month-to-month, subject to all of the provisions of this Lease Lease, except the provisions for term and renewal renewal, and at a rental rate equal to $35,000.00 per month, or to eject One Hundred and Ten Percent (110%) of the rent last paid by Tenant from during the Premises and recover damages caused by wrongful holdoveroriginal term. Failure of Tenant to remove fixtures, furniture, furnishings, or trade fixtures that which Tenant is required to remove under this Lease Lease, shall constitute a failure to vacate to which this Section paragraph shall apply if the property not removed will substantially interfere with occupancy of the Premises premises by another tenant or with occupancy by Landlord for any purpose purpose, including preparation for a new tenant. (b2) If a month-to-month tenancy results from a holdover by Tenant under this Section 15.3Subsection, the tenancy shall be terminable at the end of any monthly rental period on written notice from Landlord given not less than ten Thirty (1030) days prior to the termination date which shall be specified in the notice. Tenant waives any notice that which would otherwise be provided by law with respect to a month-to-month tenancy.

Appears in 1 contract

Samples: Commercial Lease (Cell Tech International Inc)

Holdover. (a) If Tenant does not vacate the Premises at the time required, Landlord shall have the option to treat Tenant as a tenant from month-to-month to month, subject to all of the provisions of this Lease except the provisions for term and renewal and at a rental rate equal to $35,000.00 per month, or to eject one hundred twenty-five percent (125%) of the rent last paid by Tenant from during the Premises and recover damages caused by wrongful holdoverTerm. Failure of Tenant to remove fixtures, furniture, furnishings, or trade fixtures that which Tenant is required to remove under this Lease shall constitute a failure to vacate to which this Section 22.3(a) shall apply if the property not removed will substantially interfere with occupancy of the Premises by another tenant or with occupancy by Landlord for any purpose purpose, including preparation for a new tenant. (b) If a month-to-month to month tenancy results from a holdover by Tenant under this Section 15.322.3, the tenancy shall be terminable at the end of any monthly rental period on written notice from Landlord given not less than at least ten (10) calendar days prior to the termination date which shall be specified in the notice. Tenant waives any notice that which would otherwise be provided by law with respect to a month-to-month to month tenancy.

Appears in 1 contract

Samples: Lease Agreement (Cascade Microtech Inc)

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Holdover. (a1) If Tenant does not vacate the Premises at the time required, Landlord shall have the option to treat to: (i) Treat Tenant as a tenant Tenant from month-to-month to month, subject to all of the provisions of this Lease except the provisions for term and renewal and the Option, at a rental rate equal to $35,000.00 per month, or to eject the rent last paid by Tenant; or (ii) Eject Tenant from the Premises and recover damages caused by wrongful holdover. Failure of Tenant to remove fixtures, furniture, furnishings, or trade fixtures that Tenant is required to remove under this Lease shall constitute a failure to vacate to which this Section shall apply if the property not removed will substantially interfere with occupancy of the Premises by another tenant Tenant or with occupancy by Landlord for any purpose including preparation for a new tenantTenant. (b2) If a month-to-month tenancy results from a holdover by Tenant under this Section 15.3Section, the tenancy shall be terminable at the end of any monthly rental period on written notice from Landlord given not less than ten (10) days prior to the termination date which shall be specified in the notice. Tenant waives any notice that would otherwise be provided by law with respect to a month-to-month tenancy.

Appears in 1 contract

Samples: Lease Agreement

Holdover. (a) If Tenant does not vacate the Premises at the time required, Landlord shall have the option to treat Tenant as a tenant from month-to-month to month, subject to all of the provisions of this Lease except the provisions for term and renewal and at a rental rate equal to $35,000.00 per month, or to eject one hundred twenty-five percent (125%) of the rent last paid by Tenant from during the Premises and recover damages caused by wrongful holdoverTerm. Failure of Tenant to remove fixtures, furniture, furnishingsfurnishing, or trade fixtures that which Tenant is required to remove under this Lease shall constitute a failure to vacate to which this Section 22.3(a) shall apply if the property not removed will substantially interfere with occupancy of the Premises by another tenant or with occupancy by Landlord for any purpose purpose, including preparation for a new tenant. (b) If a month-to-month to month tenancy results from a holdover by Tenant under this Section 15.3Section22.3, the tenancy shall be terminable at the end of any monthly rental period on written notice from Landlord given not less than at least ten (10) calendar days prior to the termination date which shall be specified in the notice. Tenant waives any notice that which would otherwise be provided by law with respect to a month-to-month to month tenancy.

Appears in 1 contract

Samples: Lease Agreement (Cascade Microtech Inc)

Holdover. (a) If Tenant does not vacate the Premises Property at the time required, Landlord shall have the option to treat Tenant as a tenant from month-to-month to month, subject to all of the provisions of this Lease (except that the provisions for term will be month to month and renewal and at a rental rate equal to $35,000.00 per monththe rent will be 150 percent of the amount of rent then being paid by Tenant), or to evict, eject or otherwise lawfully remove Tenant from the Premises Property and recover damages caused by wrongful holdover. Failure of Tenant to remove fixtures, furniture, furnishings, or trade fixtures that which Tenant is required to remove under this Lease shall constitute a failure to vacate to which this Section shall apply if the such property not removed will substantially interfere interferes with occupancy of the Premises Property by another tenant or with occupancy by Landlord for any purpose including preparation for a new tenant. (b) . If a month-to-month tenancy results from a holdover by Tenant under this Section 15.3Tenant, the tenancy shall be terminable at the end of any monthly rental period on written notice from Landlord given not less than ten (10) days prior to the termination date which shall be specified in the notice. Tenant waives any notice that which would otherwise be provided by law with respect to a month-to-month tenancy.

Appears in 1 contract

Samples: Lease Agreement (Electro Scientific Industries Inc)

Holdover. (a1) If Tenant does not vacate the Premises at the time required, Landlord shall have the option to treat Tenant as a tenant from month-to-month to month, subject to all of the provisions of this Lease lease except the provisions for term and renewal and at a rental rate equal to $35,000.00 per monthprovided by this lease or market rent, whichever is greater, or to eject Tenant from the Premises and recover damages caused by wrongful holdover. Failure of Tenant to remove fixtures, furniture, furnishings, or trade fixtures that Tenant is required to remove under this Lease lease shall constitute a failure to vacate to which this Section section shall apply if the property not removed will substantially interfere with occupancy of the Premises by another tenant or with occupancy by Landlord for any purpose including preparation for a new tenant. (b2) If a month-to-month tenancy results from a holdover by Tenant under this Section 15.316.3, the tenancy shall be terminable at the end of any monthly rental period on written notice from Landlord or Tenant given not less than ten ninety (1090) days prior to the termination date which shall be specified in the notice. Tenant waives any notice that would otherwise othe1wise be provided by law with respect to a month-to-month tenancy.

Appears in 1 contract

Samples: Commercial Lease (Visualant Inc)

Holdover. (a) If Tenant does not vacate the Premises at the time required, Landlord shall will have the option to treat Tenant as a tenant from month-to-month to month, subject to all of the provisions of this Lease lease except the provisions for term and renewal renewal, and at a rental rate equal to $35,000.00 per month150 percent of the rent last paid by Tenant during the original term, or to eject Tenant from the Premises and recover damages caused by wrongful holdover. Failure of Tenant to remove fixtures, furniture, furnishings, or trade fixtures that Tenant is required to remove under this Lease shall lease will constitute a failure to vacate to which this Section shall will apply if the property not removed will substantially interfere with occupancy of the Premises by another tenant or with occupancy by Landlord for any purpose including preparation for a new tenant. (b) . If a month-to-month tenancy results from a holdover by Tenant under this Section 15.316.3, the tenancy shall will be terminable at the end of any monthly rental period on written notice from Landlord given not less than ten (10) 10 days prior to the termination date date, which shall will be specified in the notice. Tenant waives any notice that would otherwise be provided by law with respect to a month-to-month tenancy.

Appears in 1 contract

Samples: Commercial Lease

Holdover. (a1) If Tenant does not vacate the Premises at the time required, Landlord shall have the option to treat Tenant as a tenant from month-to-month to month, subject to all of the provisions of this Lease lease except the provisions for term and renewal and at a rental rate equal to $35,000.00 per month150 percent of the rent last paid by Tenant during the original term, or to eject Tenant from the Premises and recover damages caused by wrongful holdover. Failure of Tenant to remove fixtures, furniture, furnishings, or trade fixtures that Tenant is required to remove under this Lease lease shall constitute a failure to vacate to which this Section section shall apply if the property not removed will substantially interfere with occupancy of the Premises by another tenant or with occupancy by Landlord for any purpose including preparation for a new tenant. (b2) If a month-to-month tenancy results from a holdover by Tenant under this Section 15.3Section, the tenancy shall be terminable at the end of any monthly rental period on written notice from Landlord given not less than ten thirty (1030) days prior to the termination date which shall be specified in the notice. Tenant waives any notice that would otherwise be provided by law with respect to a month-to-month tenancy.

Appears in 1 contract

Samples: Commercial Lease

Holdover. (a1) If Tenant does not vacate the Premises at the time required, Landlord shall have the option to treat Tenant as a tenant from month-to-month to month, subject to all of the provisions of this Lease lease except the provisions for term and renewal and at a rental rate equal to $35,000.00 per month, 150 percent of the rent last paid by Tenant during the term or to eject Tenant from the Premises and recover damages caused by wrongful holdover. Failure of Tenant to remove fixtures, furniture, furnishings, or trade fixtures that Tenant is required to remove under this Lease lease shall constitute a failure to vacate to which this Section section shall apply if the property not removed will substantially interfere with occupancy of the Premises by another tenant or with occupancy by Landlord for any purpose including preparation for a new tenant. (b2) If a month-to-month tenancy results from a holdover by Tenant under this Section 15.3, the tenancy shall be terminable at the end of any monthly rental period on written notice from Landlord given not less than ten (10) 10 days prior to the termination date which shall be specified in the notice. Tenant waives any notice that would otherwise be provided by law with respect to a month-to-month tenancy.

Appears in 1 contract

Samples: Commercial Lease (Yocream International Inc)

Holdover. (a) If Tenant Lessee does not vacate the Premises leased premises at the time required, Landlord Lessor shall have the option to treat Tenant Lessee as a tenant Lessee from month-to-month, subject to all of the provisions of this Lease lease except the provisions for term and renewal and at a rental rate equal to $35,000.00 per month, or to eject Tenant from the Premises and recover damages caused by wrongful holdoverrenewal. Failure of Tenant Lessee to remove fixtures, furniture, furnishings, furnishing or trade fixtures that Tenant is required to remove which under this Lease lease shall constitute a failure to vacate to which this Section paragraph shall apply if the property not removed will substantially interfere with occupancy of the Premises premises by another tenant Lessee or with occupancy by Landlord Lessor for any purpose purpose, including preparation for a new tenantLessee. Lessee's monthly rent shall automatically increase to an amount equal to 150% of the last month's rental rate during the specified lease term, for any holdover period. (b) If a month-to-month tenancy results from a holdover by Tenant Lessee under this Section 15.3Paragraph 17.3, the tenancy shall be terminable at the end of any monthly rental period on written notice from Landlord form Lessor, given not less than ten TEN (10) days prior to the termination date which shall be specified in the notice. Tenant Lessee waives any notice that which would otherwise be provided by law with respect to a month-to-month tenancy.

Appears in 1 contract

Samples: Lease Agreement