Common use of BANKRUPTCY OR INSOLVENCY OF TENANT Clause in Contracts

BANKRUPTCY OR INSOLVENCY OF TENANT. In the event Tenant is adjudicated a bankrupt or in the event of a judicial sale or other transfer of Tenant's leasehold interest by reason by any bankruptcy or insolvency proceedings or by any other operation of law, but not by death, and such bankruptcy, judicial sale or transfer has not been vacated or set aside within ten (10) days from the giving of notice thereof by Landlord to Tenant, then and in any such events. Landlord may, at its option, immediately terminate this lease, reenter said premises, upon giving of ten (10) days written notice by Landlord to Tenant, all to the extent permitted by applicable law.

Appears in 2 contracts

Samples: Lease (Cycle Country Accessories Corp), Lease (Cycle Country Accessories Corp)

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BANKRUPTCY OR INSOLVENCY OF TENANT. In the event Tenant is adjudicated a bankrupt or in the event of a judicial sale or other transfer of Tenant's leasehold interest by reason by any bankruptcy or insolvency proceedings or by any other operation of law, but not by death, and such bankruptcy, judicial sale or transfer has not been vacated or set aside within ten (10) days from the giving of notice thereof by Landlord to Tenant, then then, and in any such events. , Landlord may, at its option, immediately terminate this lease, reenter re-enter said premises, upon giving of ten (10) days days' written notice by Landlord to Tenant, all to the extent permitted by applicable law.

Appears in 1 contract

Samples: Lease (McLeod Inc)

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BANKRUPTCY OR INSOLVENCY OF TENANT. In the event Tenant is adjudicated a bankrupt or in the event of a judicial sale or other transfer of Tenant's leasehold interest by reason by any bankruptcy or insolvency proceedings or by any other operation of law, but not by death, and such bankruptcy, judicial sale or transfer has not been vacated or set aside within ten (10) days from the giving of notice thereof by Landlord to Tenant, then and in any such events. , Landlord may, at its option, immediately terminate this lease, reenter re-enter said premises, upon giving of ten (10) days days' written notice by Landlord to Tenant, all to the extent permitted by applicable law.

Appears in 1 contract

Samples: Lease Agreement (Papa Johns International Inc)

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