Defaults Conditional Limitations Remedies Etc Sample Clauses

Defaults Conditional Limitations Remedies Etc. Section 23.01. Each of the following events shall be an "Event of Default" hereunder: (a) Failure to observe or perform one or more of the terms, conditions, covenants or agreements of this Lease and the continuance of such failure for a period of fifteen (15) days after written notice by Landlord specifying such failure unless such failure requires work to be performed, acts to be done, or conditions to be removed which cannot by their nature reasonably be performed, done or removed, as the case may be, within such 15-day period (including reasonable time necessary to enforce rights against subtenants), in which case no Event of Default shall be deemed to exist so long as Tenant shall have commenced curing the same within such 15-day period and shall diligently and continuously prosecute the same to completion, subject to Unavoidable Delays; (i) The filing of an application by Tenant for or a consent to the appointment of a receiver, trustee or liquidator of itself or of all of its assets; or (ii) The making by Tenant of a general assignment for the benefit of creditors; or (c) If this Lease or the estate of Tenant hereunder shall be transferred to or assigned to or subleased to or shall pass to or devolve upon any person or party, except in a manner herein permitted, or if any of same is attempted; (d) If a levy under execution or attachment shall be made against Tenant or its property and such execution or attachment shall not be vacated or removed by court order, bonding or otherwise within a period of sixty (60) days; Section 23.02. If an Event of Default shall occur, Landlord, at any time thereafter, may at its Option give written notice to Tenant stating that this Lease and the term hereby demised shall expire and terminate on the date specified in such notice, and upon the date specified in such notice, which date shall not be less than fifteen (15) days thereafter, this Lease and the term hereby demised, and all rights of the Tenant under this Lease shall expire and terminate, as if that date were the date herein definitely fixed for the termination of the term of this Lease. Section 23.03. In the event of cancellation or termination of this Lease either by operation of law, by issuance of a dispossessory warrant, by service of notice of cancellation or termination as herein or under law provided, or otherwise, Tenant shall quit and peacefully surrender the Premises, and thereupon or at any time thereafter, Landlord without further notice may, ent...