Acquires Sample Clauses

Acquires a petition in bankruptcy filed against LESSEE or a receiver is appointed for any of the said foregoing events, (each of which is a default). LESSEE’s right to possession of the above named premises shall terminate immediately without notice. In any of the foregoing events, LESSOR may, at its option, give to LESSEE five (5) days written notice expressly stating its intention to end the term of this LEASE and stating the reason therefore, at the expiration of said five (5) days, their term under this LEASE shall expire as fully and completely as if that day were the date herein definitely fixed for the expiration of the term, and the LESSEE will then quit and surrender the LEASED premises to LESSOR, but LESSEE shall remain liable as hereinafter provided: 1. Defaults, which terminates LESSEE’s right to possession, or 2. LESSOR exercises its aforesaid option to terminate this LEASE.