STEADFAST COURTYARDS 1C - 2006 - Laserfiche WebLink

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absolute discretion, to treat any such holdover period as a month-to-month tenancy, and not a renewal hereof or an extension for any further term, and in such case (a) monthly rent shall be payable in an amount equal to Sixty Thousand Dollars ($60,000.00) per month, and (b) such month-to-month tenancy shall be subject to every other term, covenant, condition and agreement contained herein. Due to the length of the Term, Lessor and Lessee cannot accurately determine what a suitable holdover rent will be upon expiration, but have agreed that the aforementioned amount is appropriate to (i) incentivize Lessee to timely surrender the Lessor Property upon expiration of the Term, and (ii) compensate Lessor for loss of use ofthe Lessor Property occasioned by such holdover and the potential delay that Lessor would likely experience with respect to Lessor's planned development of the Lessor Property. Nothing contained in this Section shall be construed as (i) a consent by Lessor to any holding over by Lessee, (ii) a requirement that Lessor accept a holdover tenancy, (iii) a waiver by Lessor of its rights to pursue all available contractual, legal and equitable remedies against Lessor (including without limitation, recovery of possession), all of which rights and remedies are expressly reserved, or (iv) relieving Lessee from liability for any general, special or consequential damages that such holding over may cause Lessor. Lessee's Initials /JUC. ~ f Lessor's Initials 6\10 14. Counterparts. This Lease may be executed in one or more counterparts, and bear the signature of each party on a separate counterpart, each of which when so executed and delivered shall be deemed an original but all of which taken together shall constitute but one and the same instrument. [SIGNATURES ON FOLLOWING PAGE] 40836735.16