Common use of Distress Clause in Contracts

Distress. If and whenever the Tenant shall be in default in the payment of any money, whether hereby expressly reserved or deemed as rent, or any part thereof, the Landlord may, without notice or any form of legal process whatever, enter upon the Premises and seize, remove and sell by judicial or formal process or by private sale the Tenant’s goods, chattels and equipment therefrom or seize, remove and sell, by judicial or formal process or by private sale, any goods, chattels and equipment at any place to which the Tenant or any other person may have removed them, in the same manner as if they had remained and been distrained upon the Premises, all notwithstanding any rule of law or equity to the contrary, and the Tenant hereby waives and renounces the benefit of any present or future statute or law limiting or eliminating the Landlord’s right of distress or sale.

Appears in 3 contracts

Samples: And (NACG Holdings Inc.), NACG Holdings Inc., NACG Holdings Inc.

AutoNDA by SimpleDocs

Distress. If and whenever the Tenant Lessee shall be in default in the payment of any money, whether hereby expressly reserved or deemed as rent, or any part thereof, the Landlord Lessor may, without notice or any form of legal process whatever, enter upon the Leased Premises and seize, remove and sell by judicial or formal process or by private sale the TenantLessee’s goods, chattels and equipment therefrom or seize, remove and sell, by judicial or formal process or by private sale, any goods, chattels and equipment at any place to which the Tenant Lessee or any other person may have removed them, in the same manner as if they had remained and been distrained upon the Leased Premises, all notwithstanding any rule of law or equity to the contrary, and the Tenant Lessee hereby waives and renounces the benefit of any present or future statute or law limiting or eliminating the LandlordLessor’s right of distress or sale.

Appears in 2 contracts

Samples: Memorandum of Lease Agreement (NUCRYST Pharmaceuticals Corp.), Memorandum of Lease Agreement (NUCRYST Pharmaceuticals Corp.)

AutoNDA by SimpleDocs

Distress. If and whenever the Tenant shall be in default in the payment of any money, whether hereby expressly reserved or deemed as rent, or any part thereof, the Landlord may, without notice or any form of legal process whatever, enter upon the Premises and seize, remove and sell by judicial or formal process or by private sale the Tenant’s 's goods, chattels and equipment therefrom or seize, remove and sell, by judicial or formal process or by private sale, any goods, chattels and equipment at any place to which the Tenant or any other person may have removed them, in the same manner as if they had remained and been distrained upon the Premises, all notwithstanding any rule of law or equity to the contrary, and the Tenant hereby waives and renounces the benefit of any present or future statute or law limiting or eliminating the Landlord’s 's right of distress or sale.

Appears in 1 contract

Samples: Renewal Lease Agreement (Nacg Finance LLC)

Time is Money Join Law Insider Premium to draft better contracts faster.