Common use of Holdover Clause in Contracts

Holdover. In the event that Sublessee does not surrender the Subleased Premises by the Expiration Date in accordance with the terms of this Sublease, Sublessee shall indemnify, defend, protect and hold harmless Sublessor from and against all loss and liability resulting from Sublessee’s delay in surrendering the Subleased Premises and pay Sublessor holdover rent as provided in Section 16 of the Master Lease, as incorporated herein.

Appears in 6 contracts

Samples: Sublease (Assembly Biosciences, Inc.), Sublease (Biotech Acquisition Co), Sublease (Twist Bioscience Corp)

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Holdover. In the event that Sublessee does not surrender the Subleased Premises by upon the Expiration Date in accordance with the terms expiration or earlier termination of this SubleaseAgreement, Sublessee shall indemnify, defend, protect defend and hold harmless Sublessor from and against all loss and liability resulting from Sublessee’s 's delay in surrendering the Subleased Premises and pay Sublessor holdover rent as provided in Section 16 the amount of one hundred fifty percent (150%) of the Master Lease, as incorporated hereinBase Rent and Additional Rent payable in the last month of the Term prior to the expiration or earlier termination thereof.

Appears in 6 contracts

Samples: Sharing Agreement (Tn Technologies Holding Inc), Sharing Agreement (Tn Technologies Holding Inc), Space Sharing Agreement (Tn Technologies Holding Inc)

Holdover. In the event that Sublessee does not surrender the Subleased Premises by the Expiration Date expiration of this Sublease in accordance with the terms of this Sublease, Sublessee shall indemnify, defend, protect and hold harmless Sublessor from and against all loss and liability resulting from SublesseeXxxxxxxxx’s delay in surrendering the Subleased Premises and pay Sublessor holdover rent as provided in Section Article 16 of the Master LeaseXxxxx, as incorporated herein.

Appears in 2 contracts

Samples: Sublease (CARGO Therapeutics, Inc.), Sublease (CARGO Therapeutics, Inc.)

Holdover. In the event that Sublessee does not surrender the Subleased Premises by the Expiration Date in accordance with the terms of this Sublease, Sublessee shall indemnify, defend, protect and hold harmless Sublessor from and against all loss and liability resulting from Sublessee’s delay in surrendering the Subleased Premises and pay Sublessor holdover rent as provided in Section 16 of the Master Lease, as incorporated herein, and, if the holdover extends beyond the termination of the Master Lease, the terms of Section 16 of the Master Lease.

Appears in 1 contract

Samples: Sublease (Prothena Corp Public LTD Co)

Holdover. In the event that Sublessee does not surrender the Subleased Premises by the Expiration Date in accordance with the terms of this Sublease, Sublessee shall indemnify, defend, protect and hold harmless Sublessor from and against all loss and liability resulting from Sublessee’s delay in surrendering the Subleased Premises and pay Sublessor holdover rent with respect to the Subleased Premises as provided in Section 16 of the Master Lease, as incorporated herein.

Appears in 1 contract

Samples: Sublease (Alector, Inc.)

Holdover. In the event that Sublessee does not surrender the Subleased Premises by the Expiration Date in accordance with the terms of this Sublease, Sublessee shall indemnify, defend, protect and hold harmless Sublessor from and against all loss and liability resulting from SublesseeXxxxxxxxx’s delay in surrendering the Subleased Premises and pay Sublessor holdover rent with respect to the Subleased Premises as provided in Section 16 of the Master Lease, as incorporated herein.

Appears in 1 contract

Samples: Sublease (CytomX Therapeutics, Inc.)

Holdover. In the event that Sublessee If Subtenant does not surrender the Subleased Premises by the Expiration Date in accordance with the terms of this Sublease, Sublessee Subtenant shall indemnify, defend, protect and hold harmless Sublessor Sublandlord from and against all loss and liability resulting from SublesseeSubtenant’s delay in surrendering the Subleased Premises to Sublandlord, and pay Sublessor the holdover rent as provided in Section 16 under Article 12 of the Master Lease, as incorporated hereinLease shall be 200% of the Base Rent.

Appears in 1 contract

Samples: Sublease (Compass Therapeutics, Inc.)

Holdover. In the event that Sublessee does not surrender the Subleased -------- Premises by the Expiration Date in accordance with the terms of this Sublease, Sublessee shall indemnify, defend, protect and hold harmless Sublessor from and against all loss and liability resulting from Sublessee’s 's delay in surrendering the Subleased Premises and pay Sublessor holdover rent as provided in Section 16 equal to one and one-half times the Rent payable under this Sublease during the last month of the Master Lease, as incorporated hereinTerm.

Appears in 1 contract

Samples: Sublease (Placeware Inc)

Holdover. In the event that Sublessee does not surrender the Subleased Premises by the Expiration Date in accordance with the terms of this Sublease, Sublessee shall indemnify, defend, protect and hold harmless Sublessor from and against all loss and liability resulting from Sublessee’s delay in surrendering the Subleased Premises and pay Sublessor holdover rent as provided in Section Article 16 of the Master Lease, as incorporated herein. 7.

Appears in 1 contract

Samples: Standard Biotools Inc.

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Holdover. In the event that Sublessee does not surrender the Subleased -------- Premises by the Expiration Date in accordance with the terms of this Sublease, Sublessee shall indemnify, defend, protect defend and hold harmless Sublessor from and against all loss loss, claims, liabilities and liability damages resulting from Sublessee’s 's delay in surrendering the Subleased Premises in the condition required under the terms of this Sublease and shall pay to Sublessor holdover rent as provided in Section 16 equal to one hundred fifty percent (150%) of the Master Lease, as incorporated hereinRent payable hereunder.

Appears in 1 contract

Samples: Letter Agreement (Durect Corp)

Holdover. In the event that Sublessee does not surrender the Subleased Premises by the Expiration Date in accordance with the terms of this Sublease, Sublessee shall indemnify, defendprotect, protect defend and hold harmless Sublessor from and against all loss losses, costs, liabilities and liability damages resulting from Sublessee’s 's delay in surrendering the Subleased Premises and pay Sublessor holdover rent as provided in Section 16 12 of the Master Lease, as incorporated herein.

Appears in 1 contract

Samples: Sublease (Senomyx Inc)

Holdover. In the event that Sublessee does not surrender the Subleased Premises by the Expiration Date in accordance with Sections 10 and 32(f) of the terms of this SubleaseMaster Lease, as incorporated herein, Sublessee shall indemnify, defend, protect and hold harmless Sublessor from and against all loss and liability resulting from Sublessee’s 's delay in surrendering the Subleased Premises and pay Sublessor holdover rent as provided in Section 16 35 of the Master Lease, as incorporated herein.

Appears in 1 contract

Samples: Sublease Agreement (Artisoft Inc)

Holdover. In the event that Sublessee does not surrender the Subleased Premises by the Expiration Date expiration of this Sublease in accordance with the terms of this Sublease, Sublessee shall indemnify, defend, protect and hold harmless Sublessor from and against all loss and liability resulting from Sublessee’s Sxxxxxxxx's delay in surrendering the Subleased Premises and pay Sublessor holdover rent with respect to the Subleased Premises as provided in Section 16 of the Master Lease, as incorporated herein.

Appears in 1 contract

Samples: Sublease (Surrozen, Inc./De)

Holdover. In the event that Sublessee does not surrender the Subleased Premises by the Expiration Date in accordance with the terms of this Sublease, . Sublessee shall indemnify, defendprotect, protect defend and hold harmless Sublessor from and against all loss losses, costs, liabilities and liability damages resulting from Sublessee’s 's delay in surrendering the Subleased Premises and pay Sublessor holdover rent as provided in Section 16 12 of the Master Lease, as incorporated herein.

Appears in 1 contract

Samples: Sublease (Senomyx Inc)

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