Common use of Overholding Clause in Contracts

Overholding. If, at the expiration of the initial Term or any subsequent renewal or extension thereof, the Tenant shall continue to occupy the Premises without further written agreement, there shall be no tacit renewal of this Lease, and the tenancy of the Tenant thereafter shall be from month to month only, and may be terminated by either party on one (1) month’s notice. Rent shall be payable in advance on the first day of each month equal to the sum of one hundred and twenty five percent (125%) of the monthly instalment of Rent payable during the last year of the Term, determined in the same manner as if the Lease had been renewed, and all terms and conditions of this Lease shall, so far as applicable, apply to such monthly tenancy.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement, Industrial Lease

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Overholding. If, at the expiration of the initial Term or any subsequent renewal or extension thereofextension, the Tenant shall continue to occupy the Premises without further written agreement, there shall be no tacit renewal of this Lease, Lease and the tenancy of the Tenant thereafter shall be from month to month only, only and may be terminated by either party on one (1) month’s notice. Rent shall be payable in advance on the first day of each month in an amount equal to the sum of one two hundred and twenty five percent (125200%) of the monthly instalment installment of Basic Rent payable during the last year of the TermTerm and one-twelfth (1/12th) of all Additional Rent charges herein provided for, determined in the same manner as if the Lease had been renewed, and all . All terms and conditions of this Lease shall, so far as applicable, apply to such monthly tenancy.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

Overholding. If, at the expiration of the initial Term or any subsequent renewal or extension thereof, the Tenant shall continue to occupy the Premises without further written agreement, there shall be no tacit renewal of this Lease, and the tenancy of the Tenant thereafter shall be from month to month only, and may be terminated by either party on one (1) month’s months’ notice. Rent shall be payable in advance on the first day of each month equal to the sum of one two hundred and twenty five percent (125200%) of the monthly instalment of Basic Rent payable during the last year of the TermTerm and one-twelfth (1/12) of all Additional Rent charges provided for herein, determined in the same manner as if the this Lease had been renewed, and all terms and conditions of this Lease shall, so far as applicable, apply to such monthly tenancy.

Appears in 1 contract

Samples: Lease Agreement

Overholding. If, at the expiration of the initial Term or any subsequent renewal or extension thereof, the Tenant shall continue to occupy the Premises without further written agreement, there shall be no tacit renewal of this Lease, and the tenancy of the Tenant thereafter shall be from month to month only, and may be terminated by either party on one (1) month’s 's notice. Rent shall be payable in advance on the first day of each month equal to the sum of one hundred and twenty five fifty percent (125150%) of the monthly instalment of Basic Rent payable during the last year of the TermTerm and one-twelfth (1/12) of all Additional Rent charges provided for herein, determined in the same manner as if the this Lease had been renewed, and all terms and conditions of this Lease shall, so far as applicable, apply to such tosuch monthly tenancy.

Appears in 1 contract

Samples: Lease Agreement

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Overholding. If, If at the expiration of the initial Term or any subsequent renewal or extension thereof, the Tenant shall continue to occupy the Premises without further written agreementwrittenagreement, there shall be no tacit renewal of this Lease, and the tenancy of the Tenant theTenant thereafter shall be from month to month only, only and may be terminated by either party on one (1) month’s months' notice. Basic Rent shall be payable in advance on the first day of each month equal to the sum of one hundred as providedherein and twenty five percent (125%) of the monthly instalment of Rent payable during the last year of the Term, determined in the same manner as if the Lease had been renewed, and in all terms and conditions of this Lease shallother respects shall be as provided herein, so far as applicableasapplicable, apply to such monthly tenancy.

Appears in 1 contract

Samples: Lease Agreement

Overholding. If, at the expiration of the initial Term or any subsequent renewal or extension thereof, the Tenant shall continue to occupy the Leased Premises without further written agreement, there shall be no tacit renewal of this Lease, and the tenancy of the Tenant thereafter shall be from month to month only, only and may be terminated by either party on one sixty (160) month’s days’ notice. Rent shall be payable in advance on the first day of each month equal to the sum of one hundred and twenty five percent (125%) 150% of the monthly instalment of Rent payable during the last year of the Term, determined in the same manner as if the Lease had been renewed, renewed and all terms and conditions of this Lease shall, so far as applicable, apply to such monthly tenancy.

Appears in 1 contract

Samples: Child Care Services Agreement

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