Common use of Surrender Holding Over Clause in Contracts

Surrender Holding Over. Tenant shall, upon termination of this Lease, whether by lapse of time or otherwise, peaceably and promptly surrender the Premises to Landlord. If Tenant remains in possession after the termination of this Lease, without a written lease duly executed by the parties, Tenant shall be deemed a trespasser. If Tenant pays, and Landlord accepts, rent for a period after termination of this Lease, Tenant shall be deemed to be occupying the Premises only as a tenant from month to month, subject to all the terms, conditions, and agreements of this Lease, except that the rent shall be one hundred fifty percent (150%) of the monthly rent specified in the lease immediately before termination.

Appears in 1 contract

Sources: Lease Agreement (Professional Veterinary Products LTD /Ne/)

Surrender Holding Over. Tenant shall, upon termination of this Lease, whether by lapse of time or otherwise, peaceably and promptly surrender the Premises to Landlord. If Tenant remains in possession after the termination of this Lease, without a written lease duly executed by the parties, Tenant shall be deemed a trespasser. If Tenant pays, and Landlord accepts, rent for a period after termination of this Lease, Tenant shall be deemed to be occupying the Premises only as a tenant from month to month, subject to all the terms, conditions, and agreements of this Lease, except that the rent shall be one hundred fifty percent (150%) of two times the monthly rent specified in the lease immediately before termination.

Appears in 1 contract

Sources: Business Property Lease (I Trax Inc)

Surrender Holding Over. Tenant shall, upon termination of this Lease, whether by lapse of time or otherwise, peaceably and promptly surrender the Premises to Landlord. If Tenant remains in possession after the termination of this Lease, without a written lease duly executed by the parties, Tenant shall be deemed a trespasser. If Tenant pays, and Landlord accepts, rent for a period after termination of this Lease, Tenant shall be deemed to be occupying the Premises only as a tenant Tenant from month to month, subject to all the terms, conditions, and agreements of this Lease, except that the rent shall be one hundred fifty percent (150%) of two times the monthly rent specified in the lease immediately before termination.

Appears in 1 contract

Sources: Lease Agreement (Orion Healthcare Technology Inc)

Surrender Holding Over. Tenant shall, upon termination of this Lease, whether by lapse of time or otherwise, peaceably and promptly surrender the Premises to Landlord. If Tenant remains in possession after the termination of this Lease, without a written lease duly executed by the parties, Tenant shall be deemed a trespasser. If Tenant pays, and Landlord accepts, rent for a period after termination of this Lease, Tenant shall be deemed to be occupying the Premises only as a tenant from month to month, subject to all the terms, conditions, and agreements of this Lease, except that the rent shall be one hundred fifty percent (150%) of % times the monthly rent specified in the lease immediately before termination.

Appears in 1 contract

Sources: Office Building Lease (Gabriel Technologies Corp)