Common use of DISCLAIMER OR FORFEITURE OF LEASE Clause in Contracts

DISCLAIMER OR FORFEITURE OF LEASE. 5.1 If the Tenant (being an individual) becomes bankrupt or (being a company) enters into liquidation and the trustee in bankruptcy or liquidator disclaims or surrenders the Lease or the Lease is forfeited then the Surety shall (if it gives written notice to the Landlord within 30 Working Days after such disclaimer or other event) accept from and execute and deliver to the Landlord a counterpart of a new lease of the Land (the proper and reasonable costs of which shall be borne by the Surety) and the Landlord shall grant such new lease to the Surety:

Appears in 9 contracts

Samples: governance.enfield.gov.uk, governance.enfield.gov.uk, www.london.gov.uk

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