Default Due to Bankruptcy Sample Clauses

Default Due to Bankruptcy. If any Bankruptcy Event of Default shall occur with respect to Buyer;
Sample 1
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Default Due to Bankruptcy. Notwithstanding the provisions of paragraph (a) above, Landlord shall not have the right to terminate this Lease in an event of default under subparagraph (a)(3) of this Section if no application is made in any proceedings for a reformation or recasting of this Lease, or for any change in any of the provisions of this Lease, and if the trustee, receiver, or similar custodian of Tenant’s property, or any mortgagee or other party having an interest in this Lease, shall duly perform all of the terms of this Lease, including the payment of Rent when due.
Sample 1

Related to Default Due to Bankruptcy

  • Termination Upon Bankruptcy Either Party may terminate this Agreement if, at any time, the other Party shall (a) file in any court or agency pursuant to any statute or regulation of any state, country or jurisdiction, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that Party or of its assets, (b) propose a written agreement of composition or extension of its debts, (c) be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition has not been dismissed within sixty (60) days after the filing thereof, (d) propose or be a party to any dissolution or liquidation, (e) make an assignment for the benefit of its creditors or (f) admit in writing its inability generally to meet its obligations as they fall due in the general course.

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