Common use of Landlord’s Right to Terminate Clause in Contracts

Landlord’s Right to Terminate. In the event that this Lease is assumed by a trustee appointed for Tenant or by Tenant as debtor-in-possession under the provisions of Article 32.2 above and, thereafter, Tenant is either adjudicated a bankrupt or files a subsequent petition for arrangement under Chapter 11 of the Bankruptcy Code, then Landlord may terminate, at its option, this Lease and all Tenant's rights under it, by giving written notice of Landlord's election to terminate.

Appears in 2 contracts

Samples: 1999 Lease Agreement (Suntek Corp), Lease Agreement (Asset Acceptance Capital Corp)

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Landlord’s Right to Terminate. In the event that this Lease is assumed by a trustee appointed for Tenant or by Tenant as debtor-in-possession under the provisions of Article 32.2 33.2 above and, thereafter, Tenant is either adjudicated a bankrupt or files a subsequent petition for arrangement under Chapter chapter 11 of the Bankruptcy Code, then Landlord may terminate, at its option, this Lease and all Tenant's ’s rights under it, by giving written notice of Landlord's ’s election to terminate.

Appears in 1 contract

Samples: Rider (Eschelon Telecom Inc)

Landlord’s Right to Terminate. In the event that this Lease is assumed by a trustee appointed for Tenant or by Tenant as debtor-in-possession under the provisions of Article 32.2 33.2 above 37 41 and, thereafter, Tenant is either adjudicated a bankrupt or files a subsequent petition for arrangement under Chapter chapter 11 of the Bankruptcy Code, then Landlord may terminate, at its is option, this Lease and all Tenant's rights under it, by giving written notice of Landlord's election to terminate.

Appears in 1 contract

Samples: Office Lease (Orthopedic Biosystems LTD Inc)

Landlord’s Right to Terminate. In the event that this Lease is assumed by a trustee appointed for Tenant or by Tenant as debtor-in-possession under the provisions of Article 32.2 0 above and, thereafter, Tenant is either adjudicated a bankrupt or files a subsequent petition for arrangement under Chapter chapter 11 of the Bankruptcy Code, then Landlord may terminate, at its option, this Lease and all Tenant's rights under it, by giving written notice of Landlord's election to terminate.

Appears in 1 contract

Samples: Office Lease (Managed Care Solutions Inc)

Landlord’s Right to Terminate. In the event that this Lease is assumed by a trustee appointed for Tenant or by Tenant as debtor-in-possession under the provisions of Article 32.2 33.2 above and, thereafter, Tenant is either adjudicated a bankrupt or files a subsequent petition for arrangement under Chapter 11 chapter I 1 of the Bankruptcy Code, then Landlord may terminate, at its option, this Lease and all Tenant's rights under it, by giving written notice of Landlord's election to terminate.

Appears in 1 contract

Samples: Acoma Business Center Industrial Lease (Studio One Media, Inc.)

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Landlord’s Right to Terminate. In the event that this Lease is ----------------------------- assumed by a trustee appointed for Tenant or by Tenant as debtor-in-possession under the provisions of Article 32.2 33.2 above and, thereafter, Tenant is either ------------ adjudicated a bankrupt or files a subsequent petition for arrangement under Chapter chapter 11 of the Bankruptcy Code, then Landlord may terminate, at its option, this Lease and all Tenant's rights under it, by giving written notice of Landlord's election to terminate.

Appears in 1 contract

Samples: Office Lease (CBT Group PLC)

Landlord’s Right to Terminate. In the event that this Lease is assumed by a trustee appointed for Tenant or by Tenant as debtor-in-possession under the provisions of Article 32.2 33.2 above and, thereafter, Tenant is either adjudicated a bankrupt or files a subsequent petition for arrangement under Chapter chapter 11 of the Bankruptcy Code, then Landlord may terminate, at its option, this Lease and all Tenant's rights under it, by giving written notice of Landlord's election to terminate.,

Appears in 1 contract

Samples: Lease Agreement (Pegasus Solutions Inc)

Landlord’s Right to Terminate. In the event that this Lease is assumed by a trustee appointed for Tenant or by Tenant as debtor-in-possession under the provisions of Article 32.2 33.2 above and, thereafter, Tenant is either adjudicated a bankrupt or files a subsequent petition for arrangement under Chapter chapter 11 of the Bankruptcy Code, then Landlord may terminate, at its option, this Lease and all Tenant's rights under it, by giving written notice of Landlord's election to terminate.

Appears in 1 contract

Samples: Office Lease (Mobility Electronics Inc)

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