TERMINATION AND HOLDING OVER. This Lease shall terminate without further notice upon the expiration of the Term. Tenant shall have no right to extend or renew this Lease upon the expiration of the Term. Upon the expiration or earlier termination of the Term, Tenant shall peaceably and quietly surrender the Premises broom-clean and in the same condition (including, at Landlord's option, the demolition and removal of any improvements made by Tenant to the Premises as part of Tenant's Work or otherwise) as the Premises were in upon delivery of possession of same to Tenant by Landlord, reasonable wear and tear and any damage to the Premises Which Tenant is not required to repair pursuant to Article 17 excepted. Should Tenant hold over in the Premises beyond the expiration or earlier termination of this Lease, the holding over shall not constitute a renewal or extension of this Lease or give Tenant any rights under this Lease. In such event, Landlord may, in its sole discretion, treat Tenant as a tenant at will, subject to all of the terms and conditions in this Lease, except that Minimum Annual Rental shall be an amount equal to the greater of (a) [***] times the sum of Minimum Annual Rental and Percentage Rental which was payable by Tenant for the twelve (12) month period immediately preceding the expiration or earlier termination of this Lease, or (b) the then currently scheduled [***]. In the event Tenant fails to surrender the Premises upon the expiration or earlier termination of this Lease, Tenant shall indemnify and hold Landlord harmless from all loss or liability which may accrue therefrom including, without limitation, any claims made by any succeeding tenant founded on or resulting from Tenant's failure to surrender. Acceptance by Landlord of any Minimum Annual Rental, Percentage Rental or Additional Rental after the expiration or earlier termination of this Lease shall not constitute a consent to a holdover hereunder, constitute acceptance of Tenant as a tenant at will, or result in a renewal of this Lease.
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. Paragraph 26 of the Lease shall be deleted in its entirety and revised as follows: "At the expiration or earlier termination of the term of this Lease, Tenant shall surrender to Landlord the possession of the Premises. Surrender or removal of improvements, fixtures, trade fixtures and improvements shall be as directed in Article 13 above. Tenant shall leave the surrendered Premises in good and broom-clean condition, and except as may be provided to the contrary in provisions of this Lease on maintenance and repair, in the same condition as delivered to Tenant or as constructed during the term hereof, less normal wear and tear. All property that Tenant is required to surrender shall become Landlord's property as of the termination date of this Lease. All property that Tenant is not required to surrender but that Tenant does not remove from the Premises prior to the termination of this Lease shall, at Landlord's election, be Landlord's property at termination.
TERMINATION AND HOLDING OVER. 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. 6.1. Either party may terminate this Agreement for cause, where the other party fails in any material way to perform its obligation under this Agreement. Termination under this subsection is subject to the condition that the terminating party notifies the other party of its intent to terminate stating with reasonable specificity the grounds therefore, and the other party fails to cure the default within thirty (30) days after receiving the written notice.
TERMINATION AND HOLDING OVER. 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. 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."
3. In all other respects, the terms and conditions of the Agreement dated August 21st, 1995, shall remain in full force and effect.
