Defaults by the Tenant. 24.1. If the Tenant should tail to pay the rent or any other charges herein reserved as rent, on the days and time and at the place that the same are made payable hereunder within five days after such due date or if Tenant shall fail to notify Landlord of any change in the control of its partnership interests or corporate stock, or if the Tenant shall in any respect violate any of the other terms, conditions or covenants herein contained and fail to cure the same within fifteen (15) days after written notice thereof from Landlord, the Landlord may, without terminating this Lease, re-enter and repossess the Premises, together with any and all improvements thereon and additions thereto, and/or pursue any remedy permitted by law or equity for the enforcement of the provisions hereof. In the alternative, and at the election of the Landlord, the Landlord may give to the Tenant, at any time default, which remains uncured of the Landlord's election to terminate this Lease on a date to be specified in notice, not less than ten (10) days after the giving thereof; and upon the date specified in said notice, this Lease and the Term shall (except for the continued liability of the Tenant as hereinafter provided) expire and come to an end as fully and completely as if the date specified in said notice were the date definitely fixed in this Lease for the expiration of the Term, and the Tenant shall quit and surrender the Premises, on or before the said date, to the Landlord, without cost or charge to Landlord. No such termination, repossession or re-entry shall release Tenant from liability under this Lease.
Defaults by the Tenant. 8.1 Definition: As used in the provisions of this Lease, each of the following events shall constitute, and is hereinafter referred to as, an "Event of Default": (a) If the Tenant (i) fails to pay the Rent or any other sum which the Tenant is obligated to pay by any provision of this Lease, when and as it is due and payable hereunder and without demand therefore, or (ii) in any respect violates any of the terms, conditions or covenants set forth in the provisions of this Lease; or (b) If the Tenant (i) applies for or consents to the appointment of a receiver, trustee or liquidator of the Tenant or of all or a substantial part of its assets, (ii) files a voluntary petition in bankruptcy or admits in writing its inability to pay its debts as they come due, (iii) makes an assignment for the benefit of its creditors, (iv) files a petition or an answer seeking a reorganization or an arrangement with creditors, or seeks to take advantage of any insolvency law, (v) performs any other act of bankruptcy, or (vi) files an answer admitting the material allegations of a petition filed against the Tenant in any bankruptcy, reorganization or insolvency proceeding; or (c) if (i) an order, judgment or decree is entered by any court of competent jurisdiction adjudicating the Tenant bankrupt or an insolvent, approving a petition seeking such a reorganization, or appointing a receiver, trustee or liquidator of the Tenant or of all or a substantial part of its assets, or (ii) there otherwise commences with respect to the Tenant or any of its assets any proceeding under any bankruptcy, reorganization, arrangement, insolvency, readjustment, receivership or similar law, and if such order, judgment, decree or proceeding continues unstayed for more than sixty (60) consecutive days after the expiration of any stay thereof. 8.2
Defaults by the Tenant. 23.1. If the Tenant shall (a) fail to pay the rent or any other charges herein reserved as rent, on the days and time and at the place that the same are made payable hereunder, or (b) abandon the Premises, or (c) fail to notify Landlord of any change in the control of its corporate stock, or (d) in any respect violate any of the terms, conditions or covenants herein contained, the Landlord may re-enter and repossess the Premises, together with any and all improvements thereon and additions thereto, and/or pursue any remedy permitted by law or equity for the enforcement of the provisions hereof; or, in the alternative, and at the election of the Landlord, the Landlord may give to the Tenant at any time after the occurrence of such default written notice of the Landlord’s election to terminate this Lease on a date to be specified in said notice, not less than ten (10) days after the giving thereof; and upon the date specified in said notice, this Lease and the Term shall (except for the continued liability of the Tenant as hereinafter provided) expire and come to an end as fully and completely as if the date specified in said notice were the date definitely fixed in this Lease for the expiration of the Term, and the Tenant shall quit and surrender the Premises, on or before the said date, to the Landlord, without cost or charge to Landlord. No such termination, repossession or re-entry shall release Tenant from liability under this Lease.
Defaults by the Tenant
