Common use of LIENS AND BANKRUPTCY Clause in Contracts

LIENS AND BANKRUPTCY. Tenant will keep the Project and Leased Premises free from any liens or encumbrances arising out of any work performed by or on behalf of Tenant or otherwise relating to any act of Tenant. If Tenant is adjudged bankrupt, or insolvent, or makes any assignment for the benefit of creditors, or if the business conducted on the Leased Premises passes into the hands of any receiver, court, trustee, or officer, or if the Term of this Lease is attached or taken on execution, this will constitute an event of default under the Lease, and Landlord may, at its option, exercisable in its sole discretion by written notice to Tenant, terminate this Lease and recover possession of the Leased Premises from any and all parties.

Appears in 3 contracts

Samples: Office Lease Agreement (Vestin Group Inc), Office Lease Agreement (Vestin Group Inc), Office Lease Agreement (Vestin Group Inc)

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LIENS AND BANKRUPTCY. Tenant will keep the Project and Leased Premises free from any liens or encumbrances arising out of any work performed by or on behalf of Tenant or otherwise relating to any act of Tenant. If Tenant is adjudged bankrupt, or insolvent, or makes any assignment for the benefit of creditors, or if the business conducted on the Leased Premises passes into the hands of any receiver, court, trustee, or officer, or if the Term of this Lease is attached or taken on execution, this will constitute an event of default under the Lease, Lease and Landlord may, at its option, exercisable in its sole discretion by written notice to Tenant, terminate this Lease and recover possession of the Leased Premises from any and all parties.

Appears in 2 contracts

Samples: Office Lease Agreement (Vestin Group Inc), Office Lease Agreement (Vestin Group Inc)

LIENS AND BANKRUPTCY. Tenant will keep the Project and Leased Premises free from any liens or encumbrances arising out of any work performed by or on behalf of Tenant or otherwise relating to any act of Tenant. If Tenant is adjudged bankrupt, or insolvent, or makes any assignment for the benefit of creditors, or if the business conducted on the Leased Premises passes into the hands bands of any receiver, court, trustee, or officer, or if the Term of this Lease is attached or taken on execution, this will constitute an event of default under the Lease, and Landlord may, at its option, exercisable in its sole discretion by written notice to Tenant, terminate this Lease and recover possession of the Leased Premises from any and all parties.

Appears in 1 contract

Samples: Office Lease Agreement (Vestin Group Inc)

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LIENS AND BANKRUPTCY. Tenant will keep the Project and Leased Premises free from any liens or encumbrances arising out of any work performed by or on behalf of Tenant or otherwise relating to any act of Tenant. If Tenant is adjudged bankrupt, or insolvent, or makes make any assignment for the benefit of creditors, or if the business conducted on the Leased Premises passes into the hands of any receiver, court, trustee, or officer, or if the Term of this Lease Leased is attached or taken on execution, this will constitute an event of default under the Lease, and Landlord may, at its option, exercisable in its sole discretion by written notice to Tenant, terminate this Lease and recover possession of the Leased Premises from any and all parties.

Appears in 1 contract

Samples: Office Lease Agreement (Vestin Group Inc)

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