Common use of Surrender Holding Over Clause in Contracts

Surrender Holding Over. On the last day of the term or any ----------------------------------- renewal term hereof or on the sooner termination thereof, Tenant shall peaceably surrender the leased premises in good order, condition and repair, broom-clean, fire and other casualty insurable under Standard Hazard Insurance and reasonable wear and tear only excepted. Tenant shall repair any damage to the leased premises caused by removal of Tenant's trade fixtures or equipment. Any of Tenant's property not removed on the last day of the term or any renewal term hereof or on the sooner termination thereof, shall be deemed abandoned. In the event Tenant remains in possession of the leased premises after the expiration of the term and any renewal term of this Lease without the execution of a new lease but with the acquiescence of Landlord, it shall be deemed to be occupying said premises as a Tenant from month-to-month, subject to all the conditions, provisions and obligations of this Lease insofar as the same can be applicable to a month-to-month tenancy. The period of such month-to-month tenancy shall be considered a renewal term of this Lease. If Tenant desires to lease the leased premises after the expiration of the term and any renewal term of this Lease, Tenant will notify Landlord of Tenant's desire to enter into a lease of the leased premises at least six (6) months prior to the expiration of the term or the renewal term, as the case may be.

Appears in 2 contracts

Samples: Keystone Automotive Industries Inc, Keystone Automotive Industries Inc

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Surrender Holding Over. On the last day of the term or any ----------------------------------- ------------------------------------ renewal term hereof or on the sooner termination thereof, Tenant shall peaceably surrender the leased premises in good order, condition and repair, broom-clean, fire and other casualty insurable under Standard Hazard Insurance and reasonable wear and tear only excepted. Tenant shall repair any damage to the leased premises caused by removal of Tenant's trade fixtures or equipment. Any of Tenant's property not removed on the last day of the term or any renewal term hereof or on the sooner termination thereof, shall be deemed abandoned. In the event Tenant remains in possession of the leased premises after the expiration of the term and any renewal term of this Lease without the execution of a new lease but with the acquiescence of Landlord, it shall be deemed to be occupying said premises as a Tenant from month-to-month, subject to all the conditions, provisions and obligations of this Lease insofar as the same can be applicable to a month-to-month tenancy. The period of such month-to-month tenancy shall be considered a renewal term of this Lease. If Tenant desires to lease the leased premises after the expiration of the term and any renewal term of this Lease, Tenant will notify Landlord of Tenant's desire to enter into a lease of the leased premises at least six (6) months prior to the expiration of the term or the renewal term, as the case may be.

Appears in 2 contracts

Samples: Keystone Automotive Industries Inc, Keystone Automotive Industries Inc

Surrender Holding Over. On the last day expiration or earlier termination of the term or any ----------------------------------- renewal term hereof or on the sooner termination thereofthis Lease, Tenant shall peaceably surrender yield up the leased premises Premises to Landlord in good order, the same condition and repairrepair in which the Premises were on the Commencement Date, broom-cleanor as the same may have been improved during the Term, fire and other casualty insurable under Standard Hazard Insurance and reasonable wear and tear only tear, obsolescence excepted, and subject to fire and casualty and condemnation which shall be governed by the applicable provisions of this Lease. Tenant shall not be required to remove any Tenant Improvements or alterations or other improvements to the Premises permitted by Landlord unless Landlord's consent thereto was conditioned in writing upon removal thereof. Tenant shall, however, have the right to remove any trade fixtures or equipment, provided it shall repair any damage to the leased premises caused by removal of Tenant's trade fixtures or equipmentPremises resulting therefrom. Any of Tenant's property not removed on the last day of the term or any renewal term hereof or on the sooner termination thereof, shall be deemed abandoned. In the event If Tenant remains in possession of the leased premises Premises after the expiration of the term and Term, or after any renewal term permitted termination of this the Lease without the execution of a new lease but with the acquiescence of by Landlord, it with Landlord's acquiescence and without any written agreement between the parties, Tenant shall be deemed to a tenant at sufferance and such tenancy shall be occupying said premises as a Tenant from month-to-month, subject to all the conditionsprovisions hereof, provisions and obligations except that the Monthly Base Rental for said holdover period shall be one hundred fifty percent (150%) of the amount of Rent due in the last full month of the Term. There shall be no renewal of this Lease insofar as the same can be applicable to a month-to-month tenancyby operation of law. The period of such month-to-month tenancy Nothing in this Paragraph shall be considered construed as a renewal term consent by Landlord to the possession of this Lease. If the Premises by Tenant desires to lease the leased premises after the expiration or earlier termination of the term and any renewal term of this Lease, Tenant will notify Landlord of Tenant's desire to enter into a lease of the leased premises at least six (6) months prior to the expiration of the term or the renewal term, as the case may beTerm.

Appears in 1 contract

Samples: Lease Agreement (Labone Inc/)

Surrender Holding Over. On the last day of the term of this Lease, or upon any ----------------------------------- renewal term hereof earlier termination of this Lease, or on upon any re-entry by LANDLORD upon the sooner termination thereofDemised Premises, Tenant TENANT shall peaceably and without notice of any sort, quit and surrender the leased premises Demised Premises to LANDLORD in good order, condition condition, and repair, broom-clean, fire and other casualty insurable under Standard Hazard Insurance and reasonable except for ordinary wear and tear only excepted. Tenant shall and such damage or destruction as LANDLORD is required to repair any damage to or restore under the leased premises caused by removal of Tenant's trade fixtures or equipment. Any of Tenant's property not removed on the last day of the term or any renewal term hereof or on the sooner termination thereof, shall be deemed abandoned. In the event Tenant remains in possession of the leased premises after the expiration of the term and any renewal term of this Lease without the execution of a new lease but with the acquiescence of Landlord, it shall be deemed to be occupying said premises as a Tenant from month-to-month, subject to all the conditions, provisions and obligations of this Lease insofar as the same can be applicable to a month-to-month tenancy. The period of such month-to-month tenancy shall be considered a renewal term of this Lease. If Tenant desires to lease the leased premises after the expiration of the term and any renewal term terms of this Lease, Tenant will notify Landlord and TENANT shall remove all of TenantTENANT's desire property therefrom. TENANT specifically agrees that in the event TENANT retains possession and does not so quit and Surrender the Demised Premises to enter into a lease LANDLORD, then TENANT shall pay LANDLORD (i) all damages that LANDLORD may suffer on account of TENANT's failure to so surrender and quit the Demised Premises, including but not limited to any and all claims made by succeeding tenant of the leased premises at least six (6) months prior Demised Premises against LANDLORD based on delay of LANDLORD in delivering possession of the Demised Premises to said succeeding tenant to the expiration extent such delay is occasioned by the failure of TENANT to so quit and surrender said Premises, and (ii) rent for each month or any applicable portion of a month of such holding over at 175% the amount payable for the month immediately preceding the termination of this Lease, during the time the TENANT thus remains in possession. The provisions of this paragraph do not waive any of the term LANDLORD's rights of re-entry or any other right under the terms of this lease or the renewal termlaws of Florida. If TENANT shall fail to surrender the Premises as herein provided, as no new tenancy shall be created and TENANT shall be guilty of unlawful detainer. No surrender of this Lease or of the case may bePremises shall be binding on the LANDLORD unless acknowledged by LANDLORD in writing.

Appears in 1 contract

Samples: Industrial Lease Agreement (Rexall Sundown Inc)

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Surrender Holding Over. On Tenant will vacate and deliver up the last day Premises and all improvements, additions and alterations thereto, except and only to the extent Landlord requests removal of such improvements, additions and alterations pursuant to Section 13 (except Tenant signs, equipment and trade fixtures installed by Tenant at its expense which may be removed by Tenant), at the expiration or termination of this Lease, in a good, clean and tenantable condition as the same were at the beginning of Tenant's occupancy, excepting reasonable wear, damage by fire and other casualty or appropriation by eminent domain. Tenant expressly agrees to perform and complete any and all of its repair or maintenance obligations specified under Section 9 prior to its vacating the Premises. Tenant may remove its trade fixtures and equipment within ten (10) days after the expiration or sooner termination of this Lease, provided (a) removal of the term Tenant item can be accomplished without major damage to the Premises; and (b) Tenant immediately repairs (or reimburses Landlord for the cost of repairing any ----------------------------------- renewal term hereof resulting damage or on defacements)." (c) Tenant is not in default hereunder (otherwise, all such items shall become Landlord's property. Upon its surrender of the sooner termination thereofPremises, Tenant shall peaceably surrender the leased premises agrees to provide that all entrance and exit doors are repaired and in good order, all lighting and ballast are repaired and in good working order and all lights are replaced, as necessary and burning, in addition to any other Tenant obligation in connection with the condition and repairof the Premises upon surrender. During any such holdover period, broom-clean, fire and other casualty insurable under Standard Hazard Insurance and reasonable wear and tear only excepted. Tenant shall repair any damage to the leased premises caused by removal of Tenant's trade fixtures or equipment. Any of Tenant's property not removed on the last day of the term or any renewal term hereof or on the sooner termination thereof, shall be deemed abandoned. In the event Tenant remains in possession of the leased premises after the expiration of the term and any renewal term of this Lease without the execution of a new lease but with the acquiescence of Landlord, it shall be deemed to be occupying said premises as a Tenant tenant from month-to-monthto- month only, and shall be subject to and bound by all terms and conditions hereunder, except those as to term hereof and except that during such holdover tenancy, Tenant shall pay to Landlord (a) rent at the conditions, provisions and obligations rate equal to one hundred thirty percent (130%) at the rate of this Lease insofar as rent then existing at the same can be applicable to a month-to-month tenancy. The period of such month-to-month tenancy shall be considered a renewal term of this Lease. If Tenant desires to lease the leased premises after the expiration end of the term and any renewal term of this Lease, Tenant will notify Landlord of Tenant's desire to enter into a lease of the leased premises at least six and (6b) months prior to the expiration of the term or the renewal term, as the case may beany and all operating expenses and all other additional rent payable hereunder.

Appears in 1 contract

Samples: Inspire Pharmaceuticals Inc

Surrender Holding Over. On the last day of the term of this Lease, or upon any ----------------------------------- renewal term hereof earlier termination of this Lease, or on upon any re-entry by LANDLORD upon the sooner termination thereofDemised Premises, Tenant TENANT shall peaceably and without notice of any sort, quit and surrender the leased premises Demised Premises to LANDLORD in good order, condition condition, and repair, broom-clean, fire and other casualty insurable under Standard Hazard Insurance and reasonable except for ordinary wear and tear only excepted. Tenant shall and such damage or destruction as LANDLORD is required to repair any damage to or restore under the leased premises caused by removal of Tenant's trade fixtures or equipment. Any of Tenant's property not removed on the last day of the term or any renewal term hereof or on the sooner termination thereof, shall be deemed abandoned. In the event Tenant remains in possession of the leased premises after the expiration of the term and any renewal term of this Lease without the execution of a new lease but with the acquiescence of Landlord, it shall be deemed to be occupying said premises as a Tenant from month-to-month, subject to all the conditions, provisions and obligations of this Lease insofar as the same can be applicable to a month-to-month tenancy. The period of such month-to-month tenancy shall be considered a renewal term of this Lease. If Tenant desires to lease the leased premises after the expiration of the term and any renewal term terms of this Lease, Tenant will notify Landlord and TENANT shall remove all of TenantTENANT's desire property therefrom. TENANT specifically agrees that in the event TENANT retains possession and does not so quit and Surrender the Demised Premises to enter into a lease LANDLORD, then TENANT shall pay LANDLORD (i) all damages that LANDLORD may suffer on account of TENANT's failure to so surrender and quit the Demised Premises, including but not limited to any and all claims made by succeeding tenant of the leased premises at least six (6) months prior Demised Premises against LANDLORD based on delay of LANDLORD in delivering possession of the Demised Premises to said succeeding tenant to the expiration extent such delay is occasioned by the failure of TENANT to so quit and surrender said Premises, and (ii) rent for each month or any applicable portion of a month of such holding over at the amount payable for the month immediately preceding the termination of this Lease, during the time the TENANT thus remains in possession. The provisions of this paragraph do not waive any of the term LANDLORD's rights of re-entry or any other right under the terms of this lease or the renewal termlaws of Florida. If TENANT shall fail to surrender the Premises as herein provided, as no new tenancy shall be created and TENANT shall be guilty of unlawful detainer. No surrender of this Lease or of the case may be.Premises shall be binding on the LANDLORD unless acknowledged by LANDLORD in writing. * 175%

Appears in 1 contract

Samples: Lease Agreement (Rexall Sundown Inc)

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