Common use of Operation of Law Clause in Contracts

Operation of Law. Neither this Lease, nor any interest herein, nor any estate created hereby, shall pass by operation of law under any state or federal insolvency or bankruptcy act to any trustee, receiver, assignee for the benefit of creditors or any other person whatsoever without the prior written consent of Landlord, which shall not be unreasonably withheld. Any purported transfer in violation of the provisions of this Paragraph 26.2 shall constitute a default under and breach of this Lease, regardless of Tenant’s compliance with the other provisions of this Lease; and Landlord at its option by written notice to Tenant may exercise all rights and remedies provided for in Article 25, including the termination of this Lease, effective on service of such notice without the necessity of further notice under Article 25.

Operation of Law. Neither this Lease, nor any interest herein, nor any estate created hereby, shall pass by operation of law under any state or federal insolvency or bankruptcy act to any trustee, receiver, assignee for the benefit of creditors or any other person whatsoever without the prior written consent of Landlord, which shall not be unreasonably withheld. Any purported transfer in violation of the provisions of this Paragraph 26.2 Section 24.2 shall constitute a default under and breach of this Lease, regardless of Tenant’s compliance with the other provisions of this Lease; and Landlord at its option by written notice to Tenant may exercise all rights and remedies provided for in Article 2523, including the termination of this Lease, effective on service of such notice without the necessity of further notice under Article 2523.

Operation of Law. Neither this Lease, nor any interest herein, nor any estate created hereby, shall pass by operation of law under any state or federal insolvency or bankruptcy act law, subject to all Federal and State Bankruptcy laws and codes to any trustee, receiver, assignee assignee, for the benefit of creditors creditors, or any other person whatsoever whatsoever, without the prior written consent of Landlord, which shall not be unreasonably withheld. Any purported transfer in violation of the provisions of this Paragraph 26.2 "paragraph 29.1.1" shall constitute a default under and the breach of this Lease, Lease regardless of Tenant’s 's compliance with the other provisions of this Lease; and Landlord Landlord, at its option option, by written notice to Tenant Tenant, may exercise all rights and remedies provided for in Article 25"paragraph 28", including the termination of this Lease, effective on service of such notice without the necessity of further notice under Article 25"paragraph 28".