Common use of SURRENDER OF PREMISES; HOLDING OVER Clause in Contracts

SURRENDER OF PREMISES; HOLDING OVER. Tenant shall, at the end of the Term, surrender the Premises to Landlord together with any personal property therein belonging to Landlord and alterations made thereto, in good order, repair, and condition, except for damage caused by casualty or by subsidence or other earth movement, obsolescence, ordinary physical depreciation, or ordinary wear and tear, or by Landlord's failure to perform its obligations under this Lease, and except for the matters and things which Landlord is required to do or repair under this Lease. Tenant shall have the right at any time on or before the termination of this Lease to remove from the Premises all merchandise, signs, fixtures, furniture, furnishings, partitions, and equipment installed and owned by Tenant; provided, however, Tenant shall repair any damage to the Premises caused by any such removal. Heating, ventilating, air conditioning, plumbing, bulkheads, partition walls, ceilings, electrical and sprinkler equipment, and other permanent fixtures and alterations shall not be removed by Tenant. If Tenant holds over after the expiration or earlier termination of the Term, Tenant will become a tenant from month to month upon the same terms as herein provided except that Base Rent shall be an amount equal to one hundred and fifty percent (150%) of the Base Rent payable prior to such expiration or termination. Such month to month tenancy will continue until the tenancy is terminated at the end of any month by the giving of at least thirty (30) days written notice by either party hereto to the other.

Appears in 2 contracts

Samples: Lease and Agreement (Pinnacle Entertainment Inc), Lease (Churchill Downs Inc)

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SURRENDER OF PREMISES; HOLDING OVER. Tenant shall, at the end of the Term, surrender the Premises to Landlord together with any personal property therein belonging to Landlord and alterations made thereto, in good order, repair, and condition, except for damage caused by casualty or by subsidence or other earth movement, obsolescence, ordinary physical depreciation, or ordinary wear and tear, or by Landlord's failure to perform its obligations under this Lease, and except for the matters and things which Landlord is are required to do or repair under this Lease. Tenant shall have the right at any time on or before the termination of this Lease to remove from the Premises premises all merchandise, signs, fixtures, furniture, furnishings, partitions, and equipment installed and owned by Tenant; provided, however, Tenant shall repair any damage to the Premises premises caused by any such removal. Heating, ventilating, air conditioning, plumbing, bulkheads, partition walls, ceilings, electrical and sprinkler equipment, and other permanent fixtures and alterations shall not be removed by Tenant. If Tenant holds Tenant's hold over after the expiration or earlier termination of the Term, Tenant will become a tenant Tenant from month to month upon the same terms as herein provided except that Base Rent shall be an amount equal to one hundred and fifty percent (150%) of the Base Rent payable prior to such expiration or termination. Such month to month tenancy will continue until the tenancy is terminated at the end of any month by the giving of at least thirty (30) days written notice by either party hereto to the other.

Appears in 1 contract

Samples: Lease and Agreement (Pinnacle Entertainment Inc)

SURRENDER OF PREMISES; HOLDING OVER. Tenant shall, at the end Upon expiration of the Term, Xxxxxx shall surrender to Landlord the Premises to Landlord together with any and all tenant improvements and alterations in the condition described in Section 13 above. Tenant shall remove all personal property therein belonging owned by Xxxxxx and shall perform all restoration made necessary by the removal of any alterations or Xxxxxx's personal property before the expiration of the Term, including for example, restoring all wall surfaces to their condition prior to the Commencement Date. Landlord and alterations made thereto, in good order, repair, and condition, except for damage caused by casualty or by subsidence or other earth movement, obsolescence, ordinary physical depreciation, or ordinary wear and tear, or by Landlord's failure to perform its obligations under this Lease, and except for the matters and things which Landlord is required to do or repair under this Lease. Tenant shall have the right at to elect to retain or dispose of in any time on manner Xxxxxx's personal property not so removed. Tenant waives all claims against Landlord for any damage to Tenant or before such personal property resulting from Xxxxxxxx's retention or disposal of Tenant's personal property. Tenant shall be liable to Landlord for Landlord's costs for storage, removal and disposal of Tenant's personal property. If Tenant, with Xxxxxxxx's express written consent, remains in possession of the Premises after expiration or termination of this Lease Lease, or after the date in any notice given by Landlord to remove from the Premises all merchandiseTenant terminating this Lease, signs, fixtures, furniture, furnishings, partitions, and equipment installed and owned such possession by Tenant; provided, however, Tenant shall repair be deemed to be a month-to-month tenancy terminable on thirty (30) day notice at any damage time, be either party. All provisions of this Lease, except those pertaining to Term and rent, shall apply to the Premises caused by any such removalmonth-to-month tenancy. Heating, ventilating, air conditioning, plumbing, bulkheads, partition walls, ceilings, electrical and sprinkler equipment, and other permanent fixtures and alterations Tenant shall not be removed by Tenant. If Tenant holds over after the expiration or earlier termination of the Term, Tenant will become a tenant from month to month upon the same terms as herein provided except that Base Rent shall be pay monthly rent in an amount equal to one hundred and fifty percent (150%) 125% of the Base Monthly Rent payable prior to such expiration or termination. Such month to month tenancy will continue until the tenancy is terminated at the end of any month by the giving of at least thirty (30) days written notice by either party hereto which was due with respect to the otherlast full calendar month during the Term, plus 100% of said last month's Tenant's Share of Expenses.

Appears in 1 contract

Samples: Digirad Corp

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SURRENDER OF PREMISES; HOLDING OVER. Tenant shall, at the end of the Term, surrender the Premises to Landlord together with any personal property therein belonging to Landlord and alterations made thereto, in good order, repair, and condition, except for damage caused by casualty or by subsidence or other earth movement, obsolescence, ordinary physical depreciation, or ordinary wear and tear, or by Landlord's ’s failure to perform its obligations under this Lease, and except for the matters and things which Landlord is required to do or repair under this Lease. Tenant shall have the right at any time on or before the termination of this Lease to remove from the Premises all merchandise, signs, fixtures, furniture, furnishings, partitions, and equipment installed and owned by Tenant; provided, however, Tenant shall repair any damage to the Premises caused by any such removal. Heating, ventilating, air conditioning, plumbing, bulkheads, partition walls, ceilings, electrical and sprinkler equipment, and other permanent fixtures and alterations shall not be removed by Tenant. If Tenant holds over after the expiration or earlier termination of the Term, Tenant will become a tenant from month to month upon the same terms as herein provided except that Base Rent shall be an amount equal to one hundred and fifty percent (150%) of the Base Rent payable prior to such expiration or termination. Such month to month tenancy will continue until the tenancy is terminated at the end of any month by the giving of at least thirty (30) days written notice by either party hereto to the other.

Appears in 1 contract

Samples: Lease (Pinnacle Entertainment Inc)

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