Common use of Surrender of the Premises Holding Over Clause in Contracts

Surrender of the Premises Holding Over. The following provisions are hereby expressly declared to be subject to Licensee’s full reservation of rights pursuant to Section 12. A. Upon termination of this License, Licensee shall leave the Premises in a neat and clean condition satisfactory to Licensor and free of all personal property of Licensee. All repairs, alterations and/or other improvements made by Licensee shall become the property of Licensor, provided that Licensor may, by written notice given to Licensee on not less than (10) days prior to the expiration of the Agreement, require Licensee to remove any such Alterations and improvements from the Premises and to restore the Premises to their original condition (normal wear and tear excepted) prior to termination of this Agreement. If Licensee fails to do so, Licensor may perform such removal and restoration work in which case Licensee shall pay Licensor within thirty (30) days after demand therefore an amount equal to the rent (as in effect immediately before termination) for the period during which such removal is accomplished to compensate Licensor for the loss of rent to Licensor resulting from the unavailability of the Premises for licensing to another Licensee during such time and (2) the cost of removal of such improvements. Licensor shall use reasonable diligence on the removal of such improvements. B. If Licensee, without Licensor’s written consent, remains in possession of all or part of the Premises after termination or expiration of this Agreement, such occupancy shall be construed to be a tenancy from month-to-month, subject to the terms and conditions of this Agreement, except that the Base Rent shall automatically increase to 200% of the Base Rent in effect immediately prior to such termination or expiration.

Appears in 2 contracts

Samples: License Agreement, License Agreement

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Surrender of the Premises Holding Over. The following provisions are hereby expressly declared to be subject to Licensee’s full reservation of rights pursuant to Section 12.Formatted: Normal Formatted: Font: Not Bold Formatted: Indent: Left: 0", First line: 0" A. Upon termination of this License, Licensee shall leave the Premises in a neat and clean condition satisfactory to Licensor and free of all personal property of Licensee. All repairs, alterations Aalterations and/or other improvements made by Licensee shall become the property of Licensor, provided that Licensor may, by written notice given to Licensee on not less than (10) days prior to the expiration of the Agreement, require Licensee to remove any such Alterations Aalterations and improvements from the Premises and to restore the Premises to their original condition (normal wear and tear excepted) prior to termination of this Agreement. If Licensee fails to do so, Licensor may perform such removal and restoration work in which case Licensee shall pay Licensor within thirty (30) days after demand therefore an amount equal to the rent (as in effect immediately before termination) for the period during which such removal is accomplished to compensate Licensor for the loss of rent to Licensor resulting from the unavailability of the Premises for licensing to another Licensee during such time and (2) the cost of removal of such improvements. Licensor shall use reasonable diligence on the removal of such improvements. B. If Licensee, without Licensor’s written consent, remains in possession of all or part of the Premises after termination or expiration of this Agreement, such occupancy shall be construed to be a tenancy from month-to-month, subject to the terms and conditions of this Agreement, except that the Base Rent shall automatically increase to 200% of the Base Rent in effect immediately prior to such termination or expirationexpiration in addition to such other damages that Licensor may sustain.

Appears in 1 contract

Samples: License Agreement

Surrender of the Premises Holding Over. The following provisions are hereby expressly declared to be subject to Licensee’s full reservation of rights pursuant to Section 12. A. (a) Upon termination of this LicenseLease, Licensee shall leave the Premises in a neat and clean condition satisfactory to Licensor and free of all personal property of Licensee. All repairs, alterations Alterations and/or other improvements made by Licensee shall become the property of Licensor, provided that Licensor may, by written notice given to Licensee on not less than (10) days prior to the expiration of the AgreementLease, require Licensee to remove any such Alterations and improvements from the Premises and to restore the Premises to their original condition (normal wear and tear excepted) prior to termination of this AgreementLease. If Licensee fails to do so, Licensor may perform such removal and restoration work in which case Licensee shall pay Licensor within thirty (30) days after demand therefore an amount equal to the rent (as in effect immediately before termination) for the period during which such removal is accomplished to compensate Licensor for the loss of rent to Licensor resulting from the unavailability of the Premises for licensing leasing to another Licensee during such time and (2) the cost of removal of such improvements. Licensor shall use reasonable diligence on the removal of such improvements. B. (b) If Licensee, without Licensor’s written consent, remains in possession of all or part of the Premises after termination or expiration of this AgreementLease, such occupancy shall be construed to be a tenancy from month-to-month, subject to the terms and conditions of this AgreementLease, except that the Base Rent shall automatically increase to 200% of the Base Rent in effect immediately prior to such termination or expiration.

Appears in 1 contract

Samples: Commercial License

Surrender of the Premises Holding Over. The following provisions are hereby expressly declared to be subject to Licensee’s full reservation of rights pursuant to Section 12. A. Upon termination of this License, Licensee shall leave the Premises in a neat and clean condition satisfactory to Licensor and free of all personal property of Licensee. All repairs, alterations Alterations and/or other improvements made by Licensee shall become the property of Licensor, provided that Licensor may, by written notice given to Licensee on not less than (10) days prior to the expiration of the Agreement, require Licensee to remove any such Alterations and improvements from the Premises and to restore the Premises to their original condition (normal wear and tear excepted) prior to termination of this Agreement. If Licensee fails to do so, Licensor may perform such removal and restoration work in which case Licensee shall pay Licensor within thirty one hundred and eighty (30180) days after demand therefore an amount equal to the rent (as in effect immediately before termination) for the period during which such removal is accomplished to compensate Licensor for the loss of rent to Licensor resulting from the unavailability of the Premises for licensing to another Licensee during such time and (2) the cost of removal of such improvements. Licensor shall use reasonable diligence on the removal of such improvements. B. If Licensee, without Licensor’s written consent, remains in possession of all or part of the Premises after termination or expiration of this Agreement, such occupancy shall be construed to be a tenancy from month-to-month, subject to the terms and conditions of this Agreement, except that the Base Rent shall automatically increase to 200% of the Base Rent in effect immediately prior to such termination or expirationexpiration in addition to such other damages that Licensor may sustain.

Appears in 1 contract

Samples: License Agreement

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Surrender of the Premises Holding Over. The following provisions are hereby expressly declared to be subject to Licensee’s full reservation of rights pursuant to Section 12.: A. Upon termination of this License, Licensee shall leave the Premises in a neat and clean condition satisfactory to Licensor and free of all personal property of Licensee. All repairs, alterations Aalterations and/or other improvements made by Licensee shall become the property of Licensor, provided that Licensor may, by written notice given to Licensee on not less than (10) days prior to the expiration of the Agreement, require Licensee to remove any such Alterations Aalterations and improvements from the Premises and to restore the Premises to their original condition (normal wear and tear excepted) prior to termination of this Agreement. If Licensee fails to do so, Licensor may perform such removal and restoration work in which case Licensee shall pay Licensor within thirty (30) days after demand therefore an amount equal to the rent (as in effect immediately before termination) for the period during which such removal is accomplished to compensate Licensor for the loss of rent to Licensor resulting from the unavailability of the Premises for licensing to another Licensee during such time and (2) the cost of removal of such improvements. Licensor shall use reasonable diligence on the removal of such improvements. B. If Licensee, without Licensor’s written consent, remains in possession of all or part of the Premises after termination or expiration of this Agreement, such occupancy shall be construed to be a tenancy from month-to-month, subject to the terms and conditions of this Agreement, except that the Base Rent shall automatically increase to 200% of the Base Rent in effect immediately prior to such termination or expirationexpiration in addition to such other damages that Licensor may sustain.

Appears in 1 contract

Samples: License Agreement

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