Distress. The Tenant waives and renounces the benefit of any present or future statute taking away or limiting the Landlord's right of distress, and covenants and agrees that notwithstanding any such statute none of the goods and chattels of the Tenant on the Demised Premises at any time during the Term shall be exempt from levy by distress for rent in arrears. In the event that the Tenant shall remove or permit the removal of any of its goods or chattels from the Demised Premises, the Landlord may within thirty (30) days thereafter and if the Tenant is in arrears of rent, seize such goods and chattels wherever the same may be found and may sell or otherwise dispose of the same as if they had actually been distrained upon the Demised Premises by the Landlord for arrears of rent.
Appears in 6 contracts
Sources: Lease Agreement, Lease Agreement, Lease Rental Agreement
Distress. The Tenant waives and renounces the benefit of any present or future statute taking away or limiting the Landlord's ’s right of distress, and covenants and agrees that notwithstanding any such statute statute, none of the goods and chattels of the Tenant on the Demised Leased Premises at any time during the Term shall be exempt from levy by distress for rent in arrears. In the event that the Tenant shall remove or permit the removal of any of its goods or chattels from the Demised Leased Premises, the Landlord may within thirty (30) days thereafter and if the Tenant is in arrears of rent, seize such goods and chattels wherever the same may be found and may sell or otherwise dispose of the same as if they had actually been distrained upon the Demised Leased Premises by the Landlord for arrears of rent.
Appears in 4 contracts
Sources: Lease Agreement (Mitel Networks Corp), Lease Agreement (Coley Pharmaceutical Group, Inc.), Lease Agreement (VeriChip CORP)
Distress. The Tenant waives and renounces the benefit of any present or future statute taking away or limiting the Landlord's right of distress, and covenants and agrees that notwithstanding any such statute statute, none of the goods and chattels of the Tenant on the Demised Leased Premises at any time during the Term shall be exempt from levy by distress for rent in arrears. In the event that the Tenant shall remove or permit the removal of any of its goods or chattels from the Demised Leased Premises, the Landlord may within thirty (30) days thereafter and if the Tenant is in arrears of rent, seize such goods and chattels wherever the same may be found and may sell or otherwise dispose of the same as if they had actually been distrained upon the Demised Leased Premises by the Landlord for arrears of rent.
Appears in 3 contracts
Sources: Lease Agreement (Zarlink Semiconductor Inc), Lease Agreement (Newbridge Networks Corp), Lease Agreement (Newbridge Networks Corp)
Distress. The Tenant waives and renounces the benefit of any present or future statute taking away or limiting the Landlord's right of distress, and covenants and agrees that notwithstanding any such statute statute, none of the goods and chattels of the Tenant on the Demised Leased Premises at any time during the Term term shall be exempt from levy by distress for rent in arrears. In the event that the Tenant shall remove or permit the removal of any of its goods or chattels from the Demised Leased Premises, the Landlord may within thirty (30) days thereafter and if the Tenant is in arrears of rent, seize such goods and chattels wherever the same may be found and may sell or otherwise dispose of the same as if they had actually been distrained upon the Demised Leased Premises by the Landlord for arrears of rent.
Appears in 1 contract