Common use of LIENS AND INSOLVENCY Clause in Contracts

LIENS AND INSOLVENCY. Lessee shall keep the leased premises and the Building free from any liens arising out of any work performed, materials ordered or obligations incurred by Lessee. If Lessee becomes insolvent, voluntarily or involuntarily bankrupt, or if a receiver, or assignee or other liquidating officer is appointed for the business of Lessee, then Lessor, at its option, may immediately or any time thereafter terminate Lessee’s right of possession under this lease, subject to the terms of any applicable laws then in effect.

Appears in 4 contracts

Samples: Office Lease (HomeStreet, Inc.), Original Lease (HomeStreet, Inc.), Supplemental Lease Agreement (HomeStreet, Inc.)

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LIENS AND INSOLVENCY. Lessee shall keep the leased premises and the Building property in which the leased premises are situated, free from any liens arising out of any work performed, materials ordered furnished or obligations incurred by Lessee. If In the event Lessee becomes insolvent, voluntarily or involuntarily bankrupt, or if a receiver, or assignee or other liquidating officer is appointed for the business of the Lessee, then the Lessor may cancel this lease at Lessor, at its 's option, may immediately or any time thereafter terminate Lessee’s right of possession under this lease, subject to the terms of any applicable laws then in effect.

Appears in 2 contracts

Samples: Lease (Aptus Corp), Commercial Lease (Insynq Inc)

LIENS AND INSOLVENCY. Lessee shall keep the leased premises and the Building free from any liens arising out of any work performedperformed for, materials ordered furnished to, or obligations incurred by LesseeLessee and shall hold Lessor harmless against the same. If In the event Lessee becomes insolvent, voluntarily or involuntarily bankrupt, or if a receiver, or assignee or other liquidating officer is appointed for the business of Lessee, then Lessor, Lessor may cancel this Lease at its option, may immediately or any time thereafter terminate Lessee’s right of possession under this lease, subject to the terms of any applicable laws then in effect.

Appears in 1 contract

Samples: Lease Agreement (Earth & Ocean Sports Inc)

LIENS AND INSOLVENCY. Lessee shall keep the leased premises Leased Premises and the Building free from any liens arising out of any work performed, materials ordered or obligations incurred by Lessee. If Lessee becomes insolvent, voluntarily or involuntarily bankrupt, or if a receiver, or assignee or other liquidating officer is appointed for the business of Lessee, then Lessor, at its option, may immediately or any time thereafter terminate Lessee’s 's right of possession under this lease, subject to the terms of any applicable laws then in effectLease.

Appears in 1 contract

Samples: Internap Network Services Corp/Wa

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LIENS AND INSOLVENCY. Lessee shall keep the leased premises and the Building property in which the leased premises are situated, free from any liens arising out of any work performed, materials ordered furnished or obligations incurred by Lessee. If In the event Lessee becomes insolvent, voluntarily voluntary or involuntarily bankruptinvoluntary bankrupt or a receiver assignee, or if a receiver, or assignee or other liquidating officer is appointed for the business of the Lessee, then the Lessor may cancel this lease at Lessor, at its 's option, may immediately or any time thereafter terminate Lessee’s right of possession under this lease, subject to the terms of any applicable laws then in effect.

Appears in 1 contract

Samples: Lease (International Knife & Saw Inc)

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