TERMINATION AND HOLDING OVER. This Lease shall terminate without further notice upon the expiration of the Term. Upon the expiration or earlier termination of the Term, Tenant shall peaceably and quietly surrender the Premises in the good condition and repair, reasonable wear and tear, any damage to the Premises which Tenant is not required to repair pursuant to Article 12, condemnation and Alterations not required to be removed pursuant to this Lease excepted. Tenant shall repair all damage to the Premises caused by Tenant’s removal of Tenant’s personal property, trade fixtures, equipment, Alterations and any Signage. Tenant shall patch and refinish, to Landlord’s reasonable satisfaction, all additional penetrations made by Tenant or its employees to the floor, walls or ceiling of the Premises, whether such penetrations were made with Landlord’s approval or not. If the Premises are not surrendered to Landlord in the condition required by this Section at the expiration or sooner termination of this Lease, Landlord may, at Tenant’s expense, so remove Tenant’s signs, property and/or improvements not so removed (if required to be removed pursuant to this Lease) and make such repairs and replacements not so made or hire, at Tenant’s expense, independent contractors to perform such work. Landlord may elect to retain or dispose of in any manner any Alterations or Tenant’s personal property that Tenant does not remove from the Property on or before the Expiration Date or earlier termination of this Lease as required by this Lease by giving written notice to Tenant. Any such Alterations or property that Landlord elects to retain or dispose of will vest in Landlord immediately on notice to Tenant. Tenant waives all claims against Landlord for any damage to Tenant resulting from Landlord’s retention or disposition of any such Alterations or property. Tenant is liable to Landlord for Landlord’s costs for storing, removing or disposing of any such Alterations or personal property. Tenant shall be liable to Landlord for all reasonable costs incurred by Landlord in returning the Premises to the required condition, together with interest on all costs so incurred from the date paid by Landlord at the Interest Rate until paid. Tenant shall pay to Landlord the amount of all such costs so incurred plus such interest thereon, within 10 days after Landlord’s billing Tenant for same, together with reasonable evidence of payment thereof (or, at Landlord’s election, Landlord may apply the Security Deposit to ...
TERMINATION AND HOLDING OVER. Upon termination, Lessee shall deliver the Leased Premises in good condition, ordinary wear and tear accepted. In the event the Lessee holds the Lease over, upon the termination or expiration of this Lease, the holding over shall operate to extend the Lease on a month to month basis and shall thereafter constitute this Lease a lease from month to month. In the event the Lessee does elect to hold the Lease over, either party shall have the right during the holdover period to terminate the continuation of the holding over by giving the other party thirty (30) days written notice. All the other terms and conditions of this Lease shall remain in effect during the holding over period. During the term of this Lease, the Lessor shall have the right to show the Leased Premises for sale, or rent.
TERMINATION AND HOLDING OVER. This Lease shall terminate without further Notice upon the Expiration Date and Tenant shall have no right to thereafter extend or renew this Lease. Subject to the damage and reconstruction provisions of Article 13, Tenant shall upon the expiration or sooner termination of this Lease surrender the Property to Landlord in good and clean condition, ordinary wear and tear excepted, including any buildings, structures, improvements or additions then located on the Property which are, during the Term of this Lease, owned in fee by Tenant. Should Tenant hold over beyond the Expiration Date, the Percentage Rent shall be the greater of (a) 1-1/2 times the Percentage Rent payable for the 12-month period immediately preceding the expiration of this Lease, or (b) the then currently scheduled Rent for comparable space, as the same is reasonably determined in Landlord’s sole business judgment. As long as the parties are in good faith negotiating a renewal or extension of the Lease, the foregoing increase in Percentage Rent shall not take effect until 60 days after the Expiration Date. If Tenant fails to surrender the Premises upon the Expiration Date, then Tenant shall indemnify, defend and hold Landlord harmless from any loss or liability which may accrue therefrom including any claims made by any succeeding tenant founded on or resulting from Tenant’s failure to surrender. Acceptance by Landlord of any Percentage Rent or other charges after the Expiration Date shall not constitute a consent to a holdover hereunder, constitute acceptance of Tenant as a tenant at will, or result in a renewal of the Lease.
TERMINATION AND HOLDING OVER. 22. a. Either Landlord/Agent or Tenant may terminate this Lease at the expiration of said Lease or any extension thereof by giving the other sixty (60) days written notice of termination. This Lease will terminate on the last day of the second complete month following delivery of such notice. If Tenant holds over after the expiration of the term of this Lease, he/she will, in the absence of any written agreement to the contrary, become a Tenant from month-to-month at the monthly rate in effect during the last month of the expiring term. All other terms and provisions of this Lease shall remain in full force and effect.
TERMINATION AND HOLDING OVER. The Landlord and Tenant agree: 6.1 this Agreement may only be terminated in accordance with the Act; 6.2 subject to clause 6.3, the Landlord may terminate this Agreement on seven (7) days notice to the Tenant if the Tenant breaches it in any respect whatsoever; 6.3 where the Landlord proposes to give a notice terminating this Agreement for non-payment of rent, the Rent must have been in arrears for at least fourteen (14) days before a notice of termination can be given; 6.4 if, with the approval of the Landlord, the Tenant remains in occupation of the Property after the expiration of the Term, this Agreement continues until determined by either party in accordance with the Act; 6.5 if the Tenant breaches this Agreement during its Term, and the Landlord re-lets the Property, then the Tenant will pay to the Agent the Landlord’s reasonable re-letting costs including advertising, letting fee and any out of pocket expenses, together with the Rent to the date on which the Tenant is released (if applicable) from this Agreement; 6.6 the Landlord may charge the Tenant for processing an application for consent to sublet the Property.
TERMINATION AND HOLDING OVER. This Lease and the tenancy hereby created shall cease and terminate at the end of the Term, without the necessity of any notice from either Landlord or Tenant to terminate the same, and Tenant hereby waives notice to quit and agrees that Landlord shall be entitled to the benefit of all provisions of law respecting the summary recovery of possession of premises from a tenant holding over to the same extent as if statutory notice were given. The rental for the period of holdover tenancy shall equal 100% of the Basic Rent and additional rent in effect for the previous month prior to the holdover period.
TERMINATION AND HOLDING OVER. 11.1 Upon the expiration or earlier termination of the Initial Lease Term and any renewals thereof, Tenant shall surrender and yield up peacefully and quietly to Landlord possession of the Premises in as good condition as at the time of delivery of possession as herein provided, reasonable wear and tear and damage by fire or other casualty or elements excepted. Upon surrender, Tenant shall (a) remove from the Premises all property which is owned by Tenant or third parties other than Landlord and (b) repair any damage caused by such removal. Property not so removed shall become the property of the Landlord, and Landlord may thereafter cause such property to e removed from the Premises. The cost of removing and disposing of such property and repairing the damage to the Premises caused by such removal shall be paid by Tenant to Landlord upon demand. Landlord shall not in any manner or to any extent to be obligated to reimburse Tenant for any such property which becomes the property of Landlord pursuant to the provisions of this Lease.
TERMINATION AND HOLDING OVER. The Lease and the tenancy hereby created shall cease to ____ at the end of the Term, without the necessity of any notice from either Landlord or Tenant to terminate the same, and Tenant hereby waives notice to remove and agrees that Landlord shall be entitled to the benefit of all provisions of law respecting the summary recovery of possession of Premises from a tenant holding over to the same extent as if statutory notice were given. The rental for the period of any holdover tenancy shall equal 150% of the Basic Rent and additional rent payable under the Lease, but such rental shall not preclude Landlord from recovering from Tenant any damages caused by Tenant's holding over. At the end of the Term Tenant agrees to leave the Premises in as good condition as on the Commencement Date, ordinary wear and tear, and damage by fire and other casualty excepted.
TERMINATION AND HOLDING OVER. The term of this Lease shall end on the last day of the calendar month next succeeding fifteen (15) years from the Commencement Date, without the necessity of notice from either party to the other. In the event Tenant remains in possession of the Premises and/or the Building after the expiration of the original lease term without the execution of a new Lease, Tenant shall be deemed to be occupying said Premises as a Tenant from month to month at a rental equal to the rental and common area costs herein on the last day of the regular lease term, plus fifty percent (50%) of such amount and the Tenant shall otherwise subject to all the conditions, provisions and obligations of this Lease insofar as the same are applicable to a month to month tenancy.
TERMINATION AND HOLDING OVER. The term of this Lease shall end on the last day of the calendar month upon which the expiration of the fifteen (15) year term from the Commencement Date occurs, without the necessity of notice from either party to the other. By way of example, if fifteen (15) years from the Commencement Date expires on July 7th, the Lease will terminate on July 31st. Any rent due for a partial month shall be pro rated. In the event Tenant remains in possession of the Premises and/or the Building after the expiration of the original lease term without the execution of a new Lease, Tenant shall be deemed to be occupying said Premises as a Tenant from month to month at a rental equal to the rental and common area costs herein on the last day of the regular lease term, plus fifty percent (50~) of such amount, and the Tenant shall otherwise be subject to all the conditions, provisions and obligations of this Lease insofar as the same are applicable to a month to month tenancy."
