Common use of No Holding Over Clause in Contracts

No Holding Over. If Xxxxxx fails to surrender the Premises to Landlord as required by this Section, Tenant shall Indemnify Landlord against all Losses resulting therefrom, including, without limitation, Losses made by a succeeding Tenant resulting from Xxxxxx's failure to surrender the Premises. Tenant shall have no right to hold over without the prior written consent of Landlord, which consent may be withheld in Landlord's sole and absolute discretion. If Xxxxxx holds over the Premises or any part thereof after expiration or earlier termination of this Lease, such holding over shall be terminable upon written notice by Landlord, and the Minimum Base Rent shall be increased to two hundred percent (200%) of the Minimum Base Rent in effect immediately before such holding over, and such holdover shall otherwise be on all the other terms and conditions of this Lease. This Section shall not be construed as Landlord's permission for Tenant to hold over. Acceptance of any holdover Base Rent by Landlord following expiration or termination of this Lease shall not constitute an extension or renewal of this Lease.

Appears in 2 contracts

Samples: Island Marina Lease, Sailing Center Lease

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No Holding Over. If Xxxxxx Tenant fails to surrender the Premises to Landlord as required by this Section, Tenant shall Indemnify Landlord against all Losses resulting therefrom, including, without limitation, Losses made by a succeeding Tenant resulting from XxxxxxTenant's failure to surrender the Premises. Tenant shall have no right to hold over without the prior written consent of Landlord, which consent may be withheld in Landlord's sole and absolute discretion. If Xxxxxx Tenant holds over the Premises or any part thereof after expiration or earlier termination of this Lease, such holding over shall be terminable upon written notice by Landlord, and the Minimum Base Rent shall be increased to two hundred percent (200%) of the Minimum Base Rent in effect immediately before such holding over, and such holdover shall otherwise be on all the other terms and conditions of this Lease. This Section shall not be construed as Landlord's permission for Tenant to hold over. Acceptance of any holdover Base Rent by Landlord following expiration or termination of this Lease shall not constitute an extension or renewal of this Lease.

Appears in 2 contracts

Samples: Island Marina Lease, Sailing Center Lease

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No Holding Over. If Xxxxxx Tenant fails to surrender the Premises to Landlord upon the termination of this Lease as required by this Section, Tenant shall Indemnify Landlord against all Losses resulting therefrom, including, without limitation, Losses made by a succeeding Tenant resulting from XxxxxxTenant's failure to surrender the Premises. Tenant shall have no right to hold over without the prior written consent of Landlord, which consent may be withheld in Landlord's sole and absolute discretion. If Xxxxxx Landlord holds over the Premises or any part thereof after expiration or earlier termination of this Lease, such holding over shall be terminable upon written notice by Landlord, and the Minimum Base Rent shall be increased to two hundred percent (200%) of the Minimum Base Rent in effect immediately before prior to such holding over, and such holdover shall otherwise be on all the other terms and conditions of this Lease. This Section shall not be construed as Landlord's permission for Tenant to hold over. Acceptance of any holdover Base Rent by Landlord following expiration or termination of this Lease shall not constitute an extension or renewal of this Lease.

Appears in 1 contract

Samples: Lease

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