Common use of OBLIGATIONS OF THE LESSEE Clause in Contracts

OBLIGATIONS OF THE LESSEE. ① In the event that the Lessee is incapable of carrying out business due to cancellation or suspension of business permit or approval resulting from the Lessee’s or his/her employee’s violation of conditions of the authorities concerned, this agreement shall be automatically terminated.

Appears in 2 contracts

Samples: Lease Agreement (GRAVITY Co., Ltd.), Lease Agreement (GRAVITY Co., Ltd.)

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OBLIGATIONS OF THE LESSEE. (1) In the event that the Lessee is incapable of carrying out business due to cancellation or suspension of business permit or approval resulting from the Lessee’s or his/her employee’s violation of conditions of the authorities concerned, this agreement shall be automatically terminated.

Appears in 1 contract

Samples: Lease Agreement (GRAVITY Co., Ltd.)

OBLIGATIONS OF THE LESSEE. (1) In the event that the Lessee is incapable of carrying out business for more than three(3) months due to cancellation or suspension of business permit or approval resulting from the Lessee’s or his/her employee’s violation of conditions of the authorities concerned, the Lessor may terminate this agreement shall be automatically terminatedagreement.

Appears in 1 contract

Samples: Lease Agreement (GRAVITY Co., Ltd.)

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OBLIGATIONS OF THE LESSEE.  In the event that the Lessee is incapable of carrying out business due to cancellation or suspension of business permit or approval resulting from the Lessee’s or his/her employee’s violation of conditions of the authorities concerned, this agreement shall be automatically terminated. ‚ The Lessee shall comply with all applicable laws, administrative instructions of the authorities concerned and management rules set forth by the Lessor in carrying out commercial activities.

Appears in 1 contract

Samples: Lease Agreement (GRAVITY Co., Ltd.)

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