Overholding by Tenant. If Tenant remains in possession of all or any part of the Premises after the expiry of the Term with the consent of Landlord and without any further written agreement, this Lease shall not be deemed thereby to have been renewed and Tenant shall be deemed conclusively to be occupying the Premises as a monthly tenant on the same terms as set forth in this Lease so far as they are applicable to a monthly tenancy except the monthly Rent shall be 200% of an amount determined by taking 1/12 of the Rent payable for the period of the last twelve months of the Term.
Appears in 4 contracts
Samples: Lease Agreement (SMTC Corp), Lease Agreement (Dura Products International Inc), Lease Agreement (SMTC Corp)
