Common use of Surrender and Holding Over Clause in Contracts

Surrender and Holding Over. Tenant shall deliver up and surrender to Landlord possession of the Premises upon the expiration of the Term of this Lease or its earlier termination in any way, broom clean and in as good condition and repair as the same shall be at the commencement of said Term (damage by fire and other perils covered by standard fire and extended coverage insurance and ordinary wear and tear, subject to Paragraph 9 of this Lease, only excepted), and shall deliver the keys at the office of Landlord or ▇▇▇▇▇▇▇▇'s agent. Should Tenant or any party claiming under Tenant remain in possession of the Premises, or any part thereof, after any termination of this Lease, no tenancy or interest in the Premises shall result therefrom but such holding over shall be an unlawful detainer and all such parties shall be subject to immediate eviction and removal, and Tenant shall upon demand pay to Landlord, as liquidated damages, a sum equal to 1.5 times the Annual Rent, Additional Rent and any other sums to be paid as specified herein for any period during which Tenant shall hold the Premises after the stipulated Term of this Lease may be terminated or have expired.

Appears in 1 contract

Sources: Industrial Lease (Ibis Technology Corp)

Surrender and Holding Over. Tenant shall deliver up and surrender to Landlord possession of the Premises upon the expiration of the Term of this Lease or its earlier termination in any way, broom clean and in as good condition and repair as the same shall be at the commencement of said Term (damage by fire and other perils covered by standard fire and extended coverage insurance and ordinary wear and tear, subject to Paragraph 9 of this Lease, only excepted), and shall deliver the keys at the office of Landlord or ▇▇▇▇▇▇▇▇'s agent. Should Tenant or any party claiming under Tenant remain in possession of the Premises, or any part thereof, after any termination of this Leaselease, no tenancy or interest in the Premises shall result therefrom but such holding over shall be an unlawful detainer and all such parties shall be subject to immediate eviction and removal, and Tenant shall upon demand pay to Landlord, as liquidated damages, ; a sum equal to 1.5 times double the Annual Rent, Additional Rent and any other sums to be paid as specified herein for any period during which Tenant shall hold the Premises after the stipulated Term of this Lease may be terminated or have expired.

Appears in 1 contract

Sources: Lease Agreement (Sync Research Inc)

Surrender and Holding Over. Tenant Lessee shall deliver up and surrender to Landlord Lessor possession of the Premises demised premises upon the expiration of the Term of this Lease Lease, or its earlier termination in any way, broom clean and in as good condition and repair as the same shall be at the commencement of said Term term (damage by fire and other perils covered by standard fire and extended coverage insurance and ordinary normal wear and tear, subject to Paragraph 9 of this Lease, only tear excepted), and shall deliver the keys at the office of Landlord Lessor or ▇▇▇▇▇▇▇▇Lessor's agent. Should Tenant Lessee or any party claiming under Tenant Lessee remain in possession of the Premisesdemised premises, or any part thereof, after any termination of this Lease, no tenancy or interest in the Premises demised premises shall result therefrom and no holding over by Lessee, whether with or without consent of Lessor shall operate to extend this Lease except as otherwise provided, but such holding over shall be an unlawful detainer and all such parties shall be subject to immediate eviction and removal, and Tenant shall Lessee shall, upon demand demand, pay to Landlord, Lessor as liquidated damages, a sum equal to 1.5 twice one and one half times the Annual Rent, Additional Rent and any other sums to be paid as specified herein for any rent which would have been payable by Lessee had the holdover period during which Tenant shall hold been a part of the Premises after the stipulated Term original term of this Lease may be terminated or have expiredlease.

Appears in 1 contract

Sources: Lease Agreement (Colorocs Information Technologies Inc)