Common use of Overholding Clause in Contracts

Overholding. If, at the expiration of the initial Term or any subsequent renewal or extension, 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 in an amount equal to the sum of two hundred percent (200%) of the monthly installment of Basic Rent payable during the last year of the Term 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. All terms and conditions of this Lease shall, so far as applicable, apply to such monthly tenancy.

Appears in 2 contracts

Samples: Lease, Lease

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Overholding. If, at the expiration of the initial Term or any subsequent renewal or extensionextension thereof, 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 two one hundred and twenty five percent (200125%) of the monthly installment instalment of Basic Rent payable during the last year of the Term and one-twelfth (1/12th) of all Additional Rent charges herein provided forTerm, determined in the same manner as if the Lease had been renewed. All , 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

Overholding. If, at the expiration of the initial Term or any subsequent renewal or extensionextension thereof, 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 's notice. Rent shall be payable in advance on the first day of each month in an amount equal to the sum of two one hundred and fifty percent (200150%) of the monthly installment instalment of Basic Rent payable during the last year of the Term and one-twelfth (1/12th1/12) of all Additional Rent charges herein provided forfor herein, determined in the same manner as if the this Lease had been renewed. All , 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

Overholding. If, at the expiration of the initial Term or any subsequent renewal or extensionextension thereof, 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 months’ notice. Rent shall be payable in advance on the first day of each month in an amount equal to the sum of two hundred percent (200%) of the monthly installment instalment of Basic Rent payable during the last year of the Term and one-twelfth (1/12th1/12) of all Additional Rent charges herein provided forfor herein, determined in the same manner as if the this Lease had been renewed. All , and all terms and conditions of this Lease shall, so far as applicable, apply to such monthly tenancy.

Appears in 1 contract

Samples: Appendix A2 – Lease Agreement

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Overholding. If, If at the expiration of the initial Term or any subsequent renewal or extensionextension thereof, the Tenant shall continue to occupy the Premises without further written agreementwrittenagreement, there shall be no tacit renewal of this Lease Lease, and the tenancy of the Tenant theTenant thereafter shall be from month to month 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 in an amount equal to the sum of two hundred percent (200%) of the monthly installment of Basic Rent payable during the last year of the Term as providedherein 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. All terms and conditions of this Lease shallin all other respects shall be as provided herein, so far as applicableasapplicable, apply to such monthly tenancy.

Appears in 1 contract

Samples: Lease

Overholding. If, at the expiration of the initial Term or any subsequent renewal or extensionextension thereof, the Tenant shall continue to occupy the Leased 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 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 in an amount equal to the sum of two hundred percent (200%) 150% of the monthly installment instalment of Basic Rent payable during the last year of the Term and one-twelfth (1/12th) of all Additional Rent charges herein provided forTerm, determined in the same manner as if the Lease had been renewed. All renewed and all terms and conditions of this Lease shall, so far as applicable, apply to such monthly tenancy.

Appears in 1 contract

Samples: Agreement

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