Examples of Holdover Period in a sentence
This Holdover Period can be any length of time agreed upon between Seller and Broker.
The reason for a Holdover Period is to ensure that the Broker is compensated for any Buyer originally identified by the Broker during the Term of the Agreement.
If Tenant maintains possession of the Premises for any period after the termination of this lease (henceforth, the ‘Holdover Period’), Tenant shall pay to the Landlord lease payment(s) during the Holdover Period at a rate equal to 150% of the normal payment rate from the last rent period under this Agreement, pro-rated based on the actual number of holdover days.
Term The term of this Agreement in accordance with clause 2.1, including any extension of the Agreement to the Extension Date as provided by clause 2.2 and/or any Holdover Period under clause 2.3. Treatment Plant The Council's effluent treatment plant identified at Item 4 of the Schedule.