Common use of SURRENDER AT TERMINATION Clause in Contracts

SURRENDER AT TERMINATION. Upon termination of this Lease, whether by the lapse of time or otherwise, Xxxxxx shall surrender the Leased Premises to Agent, maintained in the manner herein required. If Tenant retains possession of the Leased Premises or any part thereof after the termination of this Lease, whether terminated by lapse of time or otherwise, then in addition to its other rights and remedies provided by law, Agent may treat such retention of possession as constituting a renewal of this Lease, and so bind Tenant, on a month-to-month basis on the same terms and conditions as expressed herein, except that the monthly rent shall automatically be increased to twice the rent in effect for the month immediately preceding the commencement of the holding over. The provisions of this paragraph do not exclude Agent’s rights of re-entry or any other rights or remedies provided or allowed by law herein.

Appears in 2 contracts

Samples: Lease, Lease

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SURRENDER AT TERMINATION. Upon termination of this Lease, whether by the lapse of time or otherwise, Xxxxxx shall will surrender the Leased Premises to Agent, maintained in the manner herein required. If Tenant retains possession of the Leased Premises or any part thereof after the termination of this Lease, whether terminated by lapse of time or otherwise, then in addition to its other rights and remedies provided by law, Agent Agent, at its sole discretion, may elect to treat such the retention of possession as constituting a renewal of this Lease, and so bind Tenant, on a month-to-month basis on the same terms and conditions as expressed herein, except that the monthly rent shall will automatically be increased to twice the rent in effect for the month immediately preceding the commencement of the holding over. The provisions of this paragraph do not exclude Agent’s rights of re-entry or any other rights or remedies provided or allowed by law herein.

Appears in 2 contracts

Samples: Lease, Lease

SURRENDER AT TERMINATION. Upon termination of this Lease, whether by the lapse of time or otherwise, Xxxxxx shall will surrender the Leased Premises to Agent, maintained in the manner herein required. If Tenant retains possession of the Leased Premises or any part thereof after the termination of this Lease, whether terminated by lapse of time or otherwise, then in addition to its other rights and remedies provided by law, Agent may treat such the retention of possession as constituting a renewal of this Lease, and so bind Tenant, on a month-to-month basis on the same terms and conditions as expressed herein, except that the monthly rent shall will automatically be increased to twice the rent in effect for the month immediately preceding the commencement of the holding over. The provisions of this paragraph do not exclude Agent’s rights of re-entry or any other rights or remedies provided or allowed by law herein.

Appears in 1 contract

Samples: Lease

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SURRENDER AT TERMINATION. Upon termination of this Lease, whether by the lapse of time or otherwise, Xxxxxx shall will surrender the Leased Premises to AgentLandlord, maintained in the manner herein required. If Tenant retains possession of the Leased Premises or any part thereof after the termination of this Lease, whether terminated by lapse of time or otherwise, then in addition to its other rights and remedies provided by law, Agent Landlord, at its sole discretion, may elect to treat such the retention of possession as constituting a renewal of this Lease, and so bind Tenant, on a month-to-month basis on the same terms and conditions as expressed herein, except that the monthly rent shall will automatically be increased to twice the rent in effect for the month immediately preceding the commencement of the holding over. The provisions of this paragraph do not exclude AgentLandlord’s rights of re-entry or any other rights or remedies provided or allowed by law herein.

Appears in 1 contract

Samples: Lease

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