Overholding definition

Overholding. If the Student remains in possession of the Premises after the expiry date of the Agreement, no new right of occupation is created and the University may, without notice, re-enter and take possession of the Premises, remove the Student and all other persons and property and use such methods and assistance as the University deems necessary to retake possession of the Premises. The Student will pay all the University’s costs arising from such failure to vacate including the cost to the University to clean the Premises and to provide hotel and meals for the incoming tenant, who is scheduled to take possession of the residential premises, and that tenant’s family. In this situation, purported rent payments by the Student shall not be effective to create any new or continued right of occupation unless such right of occupation and receipt of payment are expressly and separately acknowledged by Residence Services and the Student covenants that he or she will not claim otherwise. The right of occupation that is created by such acknowledgement shall be for the period set out in the acknowledgement and subject to the terms of this Agreement applicable to the occupancy period.
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Overholding. If at the expiration of the Term or earlier thereof the Tenant remains in possession without any further written agreement, but with the express consent of the Landlord, or in circumstances where a tenancy would thereby be implied by law, the Tenant shall be deemed to be a monthly tenant only, paying a Basic rent monthly in advance equal to two times the Basic rent as determined in accordance with Section 4.01 plus the Tenant's Proportionate Share payable in the immediately preceding Lease year and otherwise upon and subject to the same terms and conditions of this Lease excepting provisions as to length of tenancy and rights of renewal, if any, contained herein. Nothing herein contained shall preclude the Landlord from taking any action to recover possession of the Leased Premises.
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Examples of Overholding in a sentence

  • The Catering deposit is over and above the Rental Fee, Damage Deposit and Overholding Charge.

  • The Overholding Charge is to be paid in full no later than 30 days before Rental date, and will be refunded at the same time as the Damage Deposit.

  • During the Overholding Period, the Tenant shall pay the Rent required by section 3.4 to be paid by an overholding tenant who is overholding without the consent of the Landlord (the “Overholding Rent”), notwithstanding the fact that the Tenant may have vacated the Premises.

  • Subject to any earlier termination provided for under the Contract, the term commences on the Commencement Date and ends on the date prescribed in the Purchase Order (Term) and the Term will be extended by any Overholding Period.

  • If the premises are not vacated as per the contract, a penalty of $500 shall be charged, accessed and or deducted from the Overholding Deposit or invoiced as a receivable pursuant to this agreement and subject to collection.

  • The Overholding Tenant will also be liable for any damage suffered to the Incoming Tenant or damages suffered by Owner in respect to an Incoming Tenant.

  • The parties further agree that during the Overholding Period, the Tenant shall have the right to cancel the Lease at any time, by giving the Landlord no less than thirty (30) days prior written notice of cancellation.

  • Subject to any earlier termination provided for under this Agreement, the Term commences on the Commencement Date and continues for the Initial Term and any Overholding Period.

  • For clarity, nothing in this section entitles the Tenant to terminate such monthly tenancy or remain in possession of the Premises as it is the parties intent that the deemed monthly tenancy contemplated by this section only results in an obligation on the part of the Tenant to pay the Overholding Rent during the Overhold Period with the Tenant having no other rights or interest in or to the Premises.

  • In the event the premises are not vacated as per the contract, a penalty of Five Hundred ($500.00) Dollars shall be charged, accessed and or deducted from the Overholding Charge or invoiced as a receivable pursuant to this agreement and subject to collection.

Related to Overholding

  • Financial exploitation means a breach of a fiduciary duty by an actor’s unauthorized expenditure of funds entrusted to the actor for the benefit of the vulnerable adult or by an actor’s failure to provide food, clothing, shelter, health care, therapeutic conduct or supervision, the failure of which results or is likely to result in detriment to the vulnerable adult. Financial exploitation also includes: the willful use, withholding or disposal of funds or property of a vulnerable adult; the obtaining of services for wrongful profit or advantage which results in detriment to the vulnerable adult; the acquisition of a vulnerable adult’s funds or property through undue influence, harassment, duress, deception or fraud; and the use of force, coercion, or enticement to cause a vulnerable adult to perform services against the vulnerable adult’s will for the profit or advantage of another.

  • Savings and Loan Holding Company means a company registered as such with the Office of Thrift Supervision pursuant to 12 U.S.C. §1467(a) and the regulations of the Office of Thrift Supervision promulgated thereunder.

  • Discretionary Portfolio Management Services means the portfolio management services rendered to the Client by the Portfolio Manager on the terms and conditions contained in the agreement, where under the Portfolio Manager exercises any degree of discretion in the investments or management of assets of the Client.

  • financial service provider means a person engaged in the business of providing financial services in terms of authorisation issued or registration granted by a financial sector regulator;

  • financial service means a service of a financial nature, including insurance, and a service incidental or auxiliary to a service of a financial nature;