Holdover Rate definition
Holdover Rate means the rate at which Lessee shall pay Lessor for each day Lessee retains possession of the Premises or any part of them after expiration or termination of this Lease and which shall be the greater of (a) one hundred twenty-five percent (125%) of the fair market rental (as reasonably determined by Lessor) for the Premises, or (b) one hundred twenty-five percent (125%) of the Rent payable under this Lease for the last full month before the date of expiration or termination, prorated on a daily basis.
Holdover Rate means: (1) for any day prior to the date on which Landlord tenders a deed and other documents as required by the Purchase Agreement (or is excused from its obligation to tender by Tenant's breach or anticipatory repudiation of the Purchase Agreement), a rate equal to the Fed Funds Rate on that day plus one hundred basis points; (2) for any day on which or within ninety days after Landlord tenders a deed and other documents as required by the Purchase Agreement (or is excused from its obligation to tender by Tenant's breach or anticipatory repudiation of the Purchase Agreement), the per annum Prime Rate in effect for such day; and (3) for any day after the ninety days described in the preceding clause, a rate which is three percent (3%) above the per annum Prime Rate.
Holdover Rate. Section 5.13 "Indemnitees": Section 5.6 "laws": Section 5.4 "Lease Year": Exhibit B "Loan Release Amounts" Section 5.17 "mortgage": Section 9.1 "mortgagee": Section 9.1 "Net Award" Section 7.3(d) "Permitted Exceptions" Exhibit C "Purchase Option" Section 11 "rent" Section 3.2 "Taxes and Impositions": Section 5.5 "Tenant's Architect": Section 5.1.2 "Tenant's Contractor": Section 5.1.3 "Tenant Property": Section 5.9 "Tenant Work": Section 5.1.1 "Title Documents" Section 4.1 "transfer" Section 6.1 Executed under seal as of the date first written above. TENANT: LANDLORD: Parlex Corporation, Taurus Methuen LLC, a Massachusetts corporation a Delaware limited liability company By: Taurus Cranston/Methuen Limited By: /s/ Peter J. Murphy Partnership, a Massachusetts limited ▇▇▇ ▇▇▇▇▇▇▇▇▇ partnership, its sole member and manager By: /s/ Jonathan R. Kosheff By: Taurus-New England XXIV Limited Tre▇▇▇▇▇▇ Partnership, a Massachusetts limited partnership, its sole general partner By: Taurus Cranston/Methuen LLC, a Massachusetts limited liability company, its sole general partner By: /s/ Peter Merrigan Name: Pe▇▇▇ ▇▇▇▇▇▇▇▇ Title: E▇▇▇▇▇▇▇▇ ▇▇▇▇▇tor Exhibit A --------- Land ---- PARCEL I: --------- LOT 5, as shown on the map entitled "PLAN OF LAND IN METHUEN, MASSACHUSETTS", Dana F. Perkins & Sons, Inc., C.E., dated May 3, 1970, recorded ▇▇▇▇ ▇▇, ▇▇▇▇, in the North Essex County Registry of Deeds as Plan #6224 and bounded as follows: WESTERLY: by Milk Street a distance of 350 feet; NORTHERLY: by Lot 4 of said Plan a distance of 349.12 feet; EASTERLY: by Lot 3 of said Plan a distance of 193.45 feet; NORTHERLY: again still by said Lot 3 a distance of 200.36 feet; EASTERLY: by Lot 1 shown on Plan recorded in Essex North District Registry of Deeds as Plan #5902 a distance of 151.16 feet; and SOUTHERLY: by Lot 6 of said first mentioned Plan a distance of 647.52 feet.
More Definitions of Holdover Rate
Holdover Rate. Section 5.13 "Indemnitees": Section 5.6 "Landlord Notice" Section 5.3(b) "Landlord's Designated Consultant: Section 5.3(b) "Landlord's Share" Section 5.18(c) "Landlord's Termination Acceptance" Section 6.3 "late charge" Section 8.1 "laws": Section 5.4 "Lease Year": Exhibit B "Loan Release Amounts" Section 5.17 "Major Casualty" 7.2(b) "Major Taking" Section 7.3(f) "mortgage": Section 9.1 "mortgagee": Section 9.1 "Net Award" Section 7.3(d) "Outside Restoration Date" Section 7.2(b) "Parlex" Section 5.15 "Permitted Exceptions" Exhibit C "Permitted Transfer" Section 6.1 "Property Condition Notice" Section 5.3(b) "Property Condition Report" Section 5.3(b) "reletting expenses" Section 8.2.1 "rent" Section 3.2 "Special Notice Provisions" Section 6.4(b) "Taking Termination Date" Section 7.3(f) "Taxes and Impositions": Section 5.5 "Tenant Notice" Section 5.3(b) "Tenant Property": Section 5.9 "Tenant Work": Section 5.1.1 "Tenant's Architect": Section 5.1.2 "Tenant's Contractor": Section 5.1.3