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7 <br />transfer be released automatically from any liability under this Lease for obligations to be <br />performed or observed after the date of the assignment or transfer. After the effective date of <br />the assignment or transfer, Tenant must look solely to Landlord’s successor -in-interest for all <br />liability and obligations hereunder. <br />14.SURRENDER OF LEASED PREMISES. <br />(a)Surrender. Tenant shall, at the expiration or earlier termination of this <br />Lease, surrender and deliver the Leased Premises to Landlord (i) in as good condition as when <br />received by Tenant from Landlord or as later improved, reasonable use and wear excepted, and <br />(ii) free from any tenancy or occupancy by any person. <br />(b)Removal of Property. Upon the expiration or earlier termination of this <br />Lease, Tenant may remove its personal property, office supplies and office furniture and <br />equipment if (i) such items are readily moveable and are not attached to the Leased Premises; <br />(ii) such removal is completed prior to the expiration or earlier termination of this Lease; and <br />(iii)Tenant immediately repairs all damage caused by or resulting from such removal. All Tenant <br />Alterations shall become the property of Landlord and shall r emain upon and be surrendered <br />with the Leased Premises, unless Landlord requires their removal. If removal is required, Tenant <br />shall, at its sole cost and expense, remove all (or such portion as Landlord shall designate) of the <br />Tenant Alterations, repair any damages resulting from such removal and return the Leased <br />Premises to the same condition as existed prior to such Tenant Alterations. <br />(c)Holding Over. If Tenant holds over after the expiration of the term of the <br />Lease with Landlord's express prior written consent , which may be withheld at Landlord’s sole <br />discretion, such holding over will be construed as a tenancy from month-to-month on the terms <br />and conditions set forth in this Lease, which tenancy may be terminated by either party upon at <br />least thirty (30) days' written notice to the other party, effective as of the last day of a calendar <br />month. If Tenant holds over after the expiration of the Term or earlier termination thereof <br />without Landlord’s prior written consent, which may be withheld in Landlord’s sole discretion, <br />such tenancy shall be a tenancy at sufferance, and shall not constitute a renewal hereof or an <br />extension for any further term, and in such case Base Rent shall be payable at a daily rate equal <br />to three times the amount of the daily Base Rent applicable during the last rental period of the <br />Term under this Lease. Such tenancy shall be subject to every other applicable term , covenant <br />and agreement contained herein. Nothing contained in this Section 14(c) shall be construed as <br />consent by Landlord to any holding over by Tenant, and Landlord expressly reserves the right to <br />require Tenant to surrender possession of the Leased Premises to Landlord as provided in this <br />Lease upon the expiration or other termination of this Lease. If Tenant fails to surrender the <br />Leased Premises upon the termination or expiration of this Lease, in addition to any other <br />liabilities to Landlord accruing therefrom, Tenant shall protect, defend, indemnify and hold <br />Landlord harmless from all loss, costs (including reasonable attorneys' fees) and liability resulting <br />from such failure, including, without limiting the generality of the foregoing, any claims made by <br />any succeeding tenant founded upon such failure to surrender and any lost profits to Landlord <br />resulting therefrom. Tenant agrees that any proceedings necessary to recover possession of the <br />Leased Premises, whether before or after expiration of the Term, shall be considered an action