Re-entry. If and whenever during the Term:- the Rent (or any part of it) under this Lease is outstanding for Twenty One (21) days after becoming due whether formally demanded or not; or there is a breach by the Lessee of any covenant or other term of this Lease or any document supplemental to this Lease; or the Lessee: - enters into liquidation whether compulsory or voluntary (but not if the liquidation is for amalgamation or reconstruction of a solvent company); or has a receiver appointed; or the Lessee enters into an arrangement for the benefit of his creditors; or the Lessee has any distress or execution levied on its goods, the Lessor may re-enter the Premises (or any part of them in the name of the whole) at any time (and even if any previous right of re-entry has been waived) and then the Term will absolutely cease but without prejudice to any rights or remedies which may have accrued to the Lessor against the Lessee in respect of any breach of covenant or other term of this Lease (including the breach in respect of which the re-entry is made).
Appears in 13 contracts
Samples: Note, Lease Agreement, Note
