Common use of Termination of Term Clause in Contracts

Termination of Term. (a) It is agreed that the term of this Lease shall expire and terminate at the end of the original term hereof (or at the expiration of the last renewal term, if this Lease contains a renewal option and the same is properly exercised), without the necessity of any notice by or to any of the parties hereto, unless otherwise provided herein. If Tenant shall occupy the premises after such expiration or termination, it is understood that Tenant shall hold the premises as a tenant from month-to-month, subject to all the other terms and conditions of this Lease, at an amount equal to double the highest monthly rental installment reserved in this Lease. Landlord shall, upon such expiration or termination of this Lease, be entitled to the benefit of all public general or local laws relating to the speedy recovery of possession of lands and tenements held over by Tenants that may be now in force or may hereafter be enacted.

Appears in 2 contracts

Samples: Lease (Avatech Solutions Inc), Amendatory Lease Agreement (Ace Hardware Corp)

AutoNDA by SimpleDocs

Termination of Term. (a) It is agreed that the term of this Lease shall expire and terminate at the end of the original term hereof (or at the expiration of the last renewal term, if this Lease contains a renewal option and the same is properly exercised), without the necessity of any notice by or to any of the parties hereto, unless otherwise provided herein. If Tenant shall occupy the premises Premises after such expiration or termination, it is understood that Tenant shall hold the premises Premises as a tenant from month-to-month, subject to all the other terms and conditions of this Lease, at an amount equal to double 110% the highest monthly rental installment reserved in this Lease. Landlord shall, upon such expiration or termination of this Lease, be entitled to the benefit of all public general or local laws relating to the speedy recovery of possession of lands and tenements held over by Tenants that may be now in force or may hereafter be enacted.

Appears in 1 contract

Samples: First Amendatory Lease Agreement (Mohawk Industries Inc)

Termination of Term. (a) It is agreed that the term of this Lease shall expire and terminate at the end of the original term hereof (or at the expiration of the last renewal term, if this Lease contains a renewal option and the same is properly exercised), without the necessity of any notice by or to any of the parties hereto, unless otherwise provided herein. If Tenant shall occupy the premises Premises after such expiration or termination, it is understood that Tenant shall hold the premises Premises as a tenant from month-to-month, subject to all the other terms and conditions of this Leaselease, at an amount equal to double one and one-half times the highest monthly rental installment reserved in this Lease. Landlord shall, upon such expiration or termination of this Lease, be entitled to the benefit of all public general or local laws relating to the speedy recovery of possession of lands and tenements held over by Tenants tenants that may be now in force or may hereafter be enacted, subject to all the terms and conditions of this Lease.

Appears in 1 contract

Samples: Office Lease (Appliedtheory Corp)

Termination of Term. (a) It is agreed that the term of this Lease shall expire and terminate at the end of the original term hereof (or at the expiration of the last renewal term, if this Lease contains a renewal option and the same is properly exercised), without the necessity of any notice by or to any of the parties hereto, unless otherwise provided herein. If Tenant shall occupy the premises Premises after such expiration or termination, it is understood that Tenant shall hold the premises Premises as a tenant from month-to-month, subject to all the other terms and conditions of this Leaselease, at an amount equal to double the highest monthly rental installment reserved in this Lease. Landlord shall, upon such expiration or termination of this Lease, be entitled to the benefit of all public general or local laws relating to the speedy recovery of possession of lands and tenements held over by Tenants tenants that may be now in force or may hereafter be enacted.

Appears in 1 contract

Samples: Office Lease (Howard Bancorp Inc)

AutoNDA by SimpleDocs

Termination of Term. (a) It is agreed that the term of this Lease shall expire and terminate at the end of the original term hereof (or at the expiration of the last renewal term, if this Lease contains a renewal option and the same is properly exercised), without the necessity of any notice by or to any of the parties hereto, unless otherwise provided herein. If Tenant shall occupy the premises after such expiration or termination, it is understood that Tenant shall hold the premises as a tenant from month-to-month, subject to all the other terms and conditions of this Lease, at an amount equal to double twice the highest monthly rental installment reserved in this Lease. Landlord shall, upon such expiration or termination of this Lease, be entitled to the benefit of all public general or local laws relating to the speedy recovery of possession of lands and tenements held over by Tenants that may be now in force or may hereafter be enacted.

Appears in 1 contract

Samples: Second Amendatory Lease Agreement (Neustar Inc)

Termination of Term. (a) It is agreed that the term of this Lease shall expire and terminate at the end of the original term hereof (or at the expiration of the last renewal term, if this Lease contains a renewal option and the same is properly exercised), without the necessity of any notice by or to any of the parties hereto, unless otherwise provided herein. If Tenant shall occupy the premises Premises after such expiration or termination, it is understood that Tenant shall hold the premises Premises as a tenant from month-to-month, subject to all the other terms and conditions of this Leaselease, at an amount equal to double 150% of the highest monthly rental installment reserved in this Lease. Landlord shall, upon such expiration or termination of this Lease, be entitled to the benefit of all public general or local laws relating to the speedy recovery of possession of lands and tenements held over by Tenants tenants that may be now in force or may hereafter be enacted.

Appears in 1 contract

Samples: Lease (Steelcloud Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.