Common use of Termination of Lease Clause in Contracts

Termination of Lease. Upon occurrence of an Event of Bankruptcy, Landlord shall have the right to terminate this Lease by giving written notice to Tenant; provided, however, that this right to terminate shall have no effect while a case in which Tenant is the subject debtor under the Bankruptcy Code is pending, unless Tenant or its Trustee is unable to comply with the provisions of Sections 11.2(d) and (e) below. At all other times this Lease shall automatically cease and terminate, and Tenant shall be immediately obligated to quit the Demised Premises upon the giving of notice pursuant to this Section 11.2(a). Any other notice to quit, or notice of Landlord's intention to re-enter is hereby expressly waived. If Landlord elects to terminate this Lease, everything contained in this Lease on the part of Landlord to be done and performed shall cease without prejudice, subject, however, to the rights of Landlord to recover from Tenant all Base Annual Rent and Additional Rent and any other sums accrued up to the time of termination or recovery of possession by Landlord, whichever is later, and any other monetary damages sustained by Landlord.

Appears in 4 contracts

Samples: Work Agreement (Techteam Global Inc), Lease and Lease Extension Agreement (Otg Software Inc), Net2000 Communications Inc

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Termination of Lease. Upon occurrence of an Event of Bankruptcy, Landlord shall have the right to terminate this Lease by giving written notice to Tenant; provided, however, that this right to terminate Section 11.2(a) shall have no effect while a case notice in which Tenant is the subject debtor under the Bankruptcy Code is pending, unless Tenant or its Trustee is unable to comply with the provisions of Sections Section 11.2(d) and (e) below. At all other times this Lease shall automatically cease and terminate, and Tenant shall be immediately obligated to quit the Demised Premises premises upon the giving of notice pursuant to this Section 11.2(a). Any other notice to quit, or notice of Landlord's intention to re-enter is hereby expressly waived. If Landlord elects to terminate this Lease, everything contained in this Lease on the part of Landlord to be done and performed shall cease without prejudice, subject, however, to the rights of Landlord to recover from Tenant all Base Annual Rent and Additional Rent rent and any other sums accrued up to the time of termination or recovery of possession by Landlord, whichever is later, and any other monetary damages or loss of reserved rent sustained by Landlord.

Appears in 2 contracts

Samples: Techteam Global Inc, Template Software Inc

Termination of Lease. Upon occurrence of an Event of Bankruptcy, Landlord shall have the right to terminate this Lease by giving written notice to Tenant; provided, however, that this right to terminate Paragraph 26.5(a) shall have no effect while a case in which Tenant is the subject debtor under the Bankruptcy Code is pending, unless Tenant or its Trustee is unable to comply with the provisions of Sections 11.2(dParagraph 26.5(d) and (e) below. At all other times this Lease shall automatically cease and terminate, and Tenant shall be immediately obligated to quit the Demised Premises upon the giving of notice pursuant to this Section 11.2(aParagraph 26.5(a). Any other notice to quit, or notice of Landlord's ’s intention to re-enter is hereby expressly waived. If Landlord elects to terminate this Lease, everything contained in this Lease on the part of Landlord to be done and performed shall cease without prejudice, ; subject, however, to the rights of Landlord to recover from Tenant all Base Annual Rent and Additional Rent rent and any other sums accrued up to the time of termination or recovery of possession by Landlord, whichever is later, and any other monetary damages or loss of reserved rent sustained by Landlord.

Appears in 2 contracts

Samples: Merrill Creek Center Lease Agreement (Zumiez Inc), Lease Agreement (Onvia Inc)

Termination of Lease. Upon occurrence of an Event of Bankruptcy, Landlord shall have the right to may terminate this Lease by giving written notice of such termination to Tenant; provided, howeveror by reentry, that this right whereupon the mailing of such notice of termination addressed to terminate shall have no effect while a Tenant, or in the case in which Tenant is the subject debtor under the Bankruptcy Code is pendingof reentry, unless Tenant upon such reentry, with or its Trustee is unable to comply without notice or demand and with the provisions or without process of Sections 11.2(d) and (e) below. At all other times law, this Lease shall automatically cease and terminate, terminate and Tenant shall be immediately obligated to quit the Demised Premises Premises. Termination by entry or notice as provided herein shall be effective and complete upon entry or the giving mailing of notice pursuant notice, respectively, and shall require no further action on the part of Landlord including, without limitation, resort to this Section 11.2(a)legal process under applicable law. Any other notice to quit, quit or notice of LandlordXxxxxxxx's intention to re-enter reenter the Premises is hereby expressly waived. If Landlord elects to terminate this Lease, everything contained in this Lease on the part of Landlord to be done and performed shall cease without prejudice, subject, however, to the rights right of Landlord to recover from Tenant all Base Annual Rent and Additional Rent and any other sums accrued up to the time of termination or recovery of possession by Landlord, whichever is later, and any other monetary damages sustained by Landlord.

Appears in 2 contracts

Samples: Letter Agreement (IntraLinks Holdings, Inc.), Term Commencement Date Agreement (IntraLinks Holdings, Inc.)

Termination of Lease. Upon occurrence of an Event of Bankruptcy, --------------------- Landlord shall have the right to terminate this Lease by giving written notice to Tenant; provided, however, that this right to terminate shall have no effect while a case in which Tenant is the subject debtor under the Bankruptcy Code is pending, unless Tenant or its Trustee is unable to comply with the provisions of Sections 11.2(d) and (e) below. At all other times this Lease shall automatically cease and terminate, and Tenant shall be immediately obligated to quit the Demised Premises upon the giving of notice pursuant to this Section 11.2(a). Any other notice to quit, or notice of Landlord's intention to re-re- enter is hereby expressly waived. If Landlord elects to terminate this Lease, everything contained in this Lease on the part of Landlord to be done and performed shall cease without prejudice, subject, however, to the rights of Landlord to recover from Tenant all Base Annual Rent and Additional Rent and any other sums accrued up to the time of termination or recovery of possession by Landlord, whichever is later, and any other monetary damages sustained by Landlord.

Appears in 1 contract

Samples: Cais Internet Inc

Termination of Lease. Upon occurrence of an Event of Bankruptcy, Landlord shall have the right to terminate this Lease by giving written notice to Tenant; provided, however, that this right to terminate shall have no effect while a case in which Tenant is the subject debtor under the Bankruptcy Code is pending, unless Tenant or its Trustee is unable to comply with the provisions of Sections 11.2(d) and (e) below. At all other times this Lease shall automatically cease and terminate, and Tenant shall be immediately obligated to quit the Demised Premises upon the giving of notice pursuant to this Section 11.2(a). Any other notice to quit, or notice of Landlord's ’s intention to re-enter is hereby expressly waived. If Landlord elects to terminate this Lease, everything contained in this Lease on the part of Landlord to be done and performed shall cease without prejudice, subject, however, to the rights of Landlord to recover from Tenant all Base Annual Rent and Additional Rent and any other sums accrued up to the time of termination or recovery of possession by Landlord, whichever is later, and any other monetary damages sustained by Landlord.

Appears in 1 contract

Samples: Office Building Lease (TRX Inc/Ga)

Termination of Lease. Upon the occurrence of an Event of Bankruptcy, Landlord LANDLORD shall have the right to terminate this Lease by giving thirty days prior written notice to Tenant; TENANT, provided, however, that this right to terminate Section "13.1 (B) (i)" shall have no effect while a case in which Tenant TENANT is the subject debtor under the Bankruptcy Code is pending, unless Tenant TENANT or its Trustee in Bankruptcy is unable to comply with the provisions of Sections 11.2(d"13.1 (B) (v)" and "13.1 (eB) (vi)" below. At all other times If TENANT or its Trustee is unable to comply with Sections "13.1 (B) (v)" and "13.1 (B) (vi)" below, this Lease shall automatically cease and terminate, and Tenant TENANT shall be immediately obligated to quit the Demised Premises premises upon the giving of notice pursuant to this Section 11.2(a"13.1 (B) (i)". Any other notice to quit, or notice of Landlord's LANDLORD'S intention to re-enter is hereby expressly waived. If Landlord LANDLORD elects to terminate this Lease, everything contained in this Lease on the part of Landlord LANDLORD to be done and performed shall cease without prejudice, subject, however, however to the rights right of Landlord LANDLORD to recover from Tenant TENANT all Base Annual Rent and Additional Rent rent and any other sums accrued up to the time of termination or recovery of possession by LandlordLANDLORD, whichever is later, and any other monetary damages or loss of reserved rent sustained by LandlordLANDLORD.

Appears in 1 contract

Samples: Indenture of Lease (Ikon Ventures Inc)

Termination of Lease. Upon the occurrence of an Event of Bankruptcy, Landlord LANDLORD shall have the right to terminate this Lease lease by giving thirty days prior written notice to Tenant; TENANT, provided, however, that this right to terminate Section "13.1 (B) (i)" shall have no effect while a case in which Tenant TENANT is the subject debtor under the Bankruptcy Code is pending, unless Tenant TENANT or its Trustee in bankruptcy is unable to comply with the provisions of Sections 11.2(d"13.1 (B) (V)' and '13.1 (B) (vi)' below. If TENANT or its Trustee is unable to comply with Sections "13.1 (B) and (ev)" and "13.1 (B) (vi)" below. At all other times , this Lease lease shall automatically cease and terminate, and Tenant TENANT shall be immediately obligated to quit the Demised Premises premises upon the giving of notice pursuant to this Section 11.2(a"13.1 (B) (i)". Any other notice to quit, or notice of Landlord's LANDLORD'S intention to re-enter is hereby expressly waived. If Landlord LANDLORD elects to terminate this Leaselease, everything contained in this Lease lease on the part of Landlord LANDLORD to be done and performed shall cease without prejudice, subject, however, to the rights right of Landlord LANDLORD to recover from Tenant TENANT all Base Annual Rent and Additional Rent rent and any other sums accrued up to the time of termination or recovery of possession by LandlordLANDLORD, whichever is later, and any nay other monetary damages or loss of reserved rent sustained by LandlordLANDLORD.

Appears in 1 contract

Samples: Uniforce Temporary Personnel Inc

Termination of Lease. Upon the occurrence of an Event of Bankruptcy, Landlord LANDLORD shall have the right to terminate this Lease lease by giving thirty days prior written notice to Tenant; TENANT, provided, however, that this right to terminate Section "13.1(B)(i)" shall have no effect while a case in which Tenant TENANT is the subject debtor under the Bankruptcy Code is pending, unless Tenant TENANT or its Trustee in Bankruptcy is unable to comply with the provisions of Sections 11.2(d) "13.1(B)(v)" and (e) "13.1(B)(vi)" below. At all other times If TENANT or its Trustee is unable to comply with Sections "13.1(B)(v)" and "13.1(B)(vi)" below, this Lease lease shall automatically cease and terminate, and Tenant TENANT shall be immediately obligated to quit the Demised Premises premises upon the giving of notice pursuant to this Section 11.2(a"13.1(B)(i)". Any other notice to quit, or notice of LandlordLANDLORD's intention to re-enter is hereby expressly waived. If Landlord LANDLORD elects to terminate this Leaselease, everything contained in this Lease lease on the part of Landlord LANDLORD to be done and performed shall cease without prejudice, subject, however, to the rights right of Landlord LANDLORD to recover from Tenant TENANT all Base Annual Rent and Additional Rent rent and any other sums accrued up to the time of termination or recovery of possession by LandlordLANDLORD, whichever is later, and any other monetary damages sustained by Landlord.

Appears in 1 contract

Samples: Gutbusters Pty LTD

Termination of Lease. Upon occurrence of an Event of Bankruptcy, Landlord shall have the right to terminate this Lease by giving written notice to Tenant; provided, however, that this right to terminate Section 24.5(a) shall have no effect while a case in which Tenant is the subject debtor under the Bankruptcy Code is pending, unless Tenant or its Trustee is unable to comply with the provisions of Sections 11.2(dSection 24.5(d) and (e) below. At all other times this Lease shall automatically cease and terminate, and Tenant shall be immediately obligated to quit the Demised Premises upon the giving of notice pursuant to this Section 11.2(a24.5(a). Any other notice to quit, or notice of Landlord's ’s intention to re-enter is hereby expressly waived. If Landlord elects to terminate this Lease, everything contained in this Lease on the part of Landlord to be done and performed shall cease without prejudice, ; subject, however, to the rights of Landlord to recover from Tenant all Base Annual Rent and Additional Rent rent and any other sums accrued up to the time of termination or recovery of possession by Landlord, whichever is later, and any other monetary damages or loss of reserved rent sustained by Landlord.

Appears in 1 contract

Samples: Sublease Agreement (Erickson Inc.)

Termination of Lease. Upon occurrence of an Event of Bankruptcybankruptcy, Landlord shall have the right to terminate this Lease by giving written notice to Tenant; provided, however, that this right to terminate section 13.2 (a) shall have no effect while a case in which Tenant is the subject debtor under the Bankruptcy Code is pending, unless Tenant or its Trustee is unable to comply with the provisions of Sections 11.2(dsection13.2(d) and (eand(e) below. At AT all other times this Lease shall automatically cease and terminate, and Tenant shall be immediately obligated to quit quite the Demised Premises premises upon the giving of notice pursuant to this Section 11.2(asection 13.2(a). Any other notice to quitquite, or notice of Landlord's intention to re-enter is hereby expressly waived. If Landlord elects to terminate this Lease, everything contained in this Lease on the part of the Landlord to be done and performed shall cease without prejudice, subject, however, to the rights right of Landlord to recover from Tenant all Base Annual Rent and Additional Rent rent and any other sums accrued up to the time of termination or of recovery of possession by Landlord, whichever is later, and any other monetary damages or loss of reserved rent sustained by Landlord.

Appears in 1 contract

Samples: Lease (Franklin Bancorporation Inc)

Termination of Lease. Upon the occurrence of an Event of Bankruptcy, Landlord shall have the right to terminate this Lease by giving written notice to Tenant; provided, however, that this right to terminate ¶16(b)(i) shall have no effect while a case in which Tenant is the subject debtor under the Bankruptcy Code is pending, unless Tenant or its Trustee Trustees in bankruptcy is unable to comply with the provisions of Sections 11.2(d¶16(v) and (e16(vi) below. At all other times Otherwise this Lease shall automatically cease and terminate, and Tenant shall be immediately obligated to quit the Demised Premises premises upon the giving of notice pursuant to this Section 11.2(a¶l6(b)(i). Any other notice to quit, or notice of Landlord's ’s intention to re-enter is hereby expressly waived. If Landlord elects to terminate this Lease, everything contained in this Lease on the part of Landlord to be done and performed shall cease without prejudice, subject, subject however, to the rights right of Landlord to recover from Tenant all Base Annual Rent and Additional Rent rent and any other sums accrued up to the time of termination or recovery of possession by Landlord, whichever is later, and any other monetary damages or loss of reserved rent sustained by Landlord.

Appears in 1 contract

Samples: Agreement of Lease (SunGard Availability Inc.)

Termination of Lease. Upon occurrence of an Event of Bankruptcy, Landlord shall have the right to terminate this Lease by giving written notice to Tenant; , provided, however, that this right to terminate shall have no effect while a case in which Tenant is the subject debtor under the Bankruptcy Code is pending, unless Tenant or its Trustee is unable to comply with the provisions of Sections 11.2(d) and (e) below. At all other times this Lease shall automatically cease and terminate, and Tenant shall be immediately obligated to quit the Demised Premises upon the giving of notice pursuant to this Section 11.2(a). Any other notice to quit, or notice of Landlord's ’s intention to re-enter is hereby expressly waived. If Landlord elects to terminate this Lease, everything contained in this Lease on the part of Landlord to be done and performed shall cease without prejudice, subject, however, to the rights of Landlord to recover from Tenant all Base Annual Rent and Additional Rent and any other sums accrued up to the time of termination or recovery of possession by Landlord, whichever is later, and any other monetary damages sustained by Landlord.

Appears in 1 contract

Samples: Office Building Lease (Spherix Inc)

Termination of Lease. Upon the occurrence of an Event of Bankruptcy, Landlord shall have the right to terminate this Lease by giving written notice to Tenant; provided, however, that this right to terminate shall have no effect while a case in which Tenant is the subject debtor under the Bankruptcy Code is pending, unless Tenant or its Trustee is unable to comply with the provisions of Sections 11.2(d) and (e) below. At all other times this Lease shall automatically cease and terminate, and whereupon Tenant shall be immediately obligated to quit the Demised Premises premises upon the giving of notice pursuant to this Section 11.2(aParagraph 16(b)(i). Any other notice to quit, or notice of Landlord's intention Landxxxx'x xntention to re-enter is hereby expressly waived. If Landlord elects to terminate this Lease, everything contained in this Lease on the part of Landlord to be done and performed shall cease without prejudice, subject, however, to the rights right of Landlord to recover from Tenant all Base Annual Rent and Additional Rent rent and any other sums accrued up to the time of termination or recovery of possession by Landlord, whichever is later, and any other monetary damages or loss of reserved rent sustained by Landlord, provided, however, and notwithstanding the foregoing or the further remedies set forth in this Paragraph 16(b). Landlord shall not have the right to terminate this Lease while a case in which Tenant is the subject debtor under the Bankruptcy Code is pending, unless Tenant or Tenant's trustee in bankruptcy is unable to comply with the provisions of Paragraphs 16(b)(v), (vi) and (vii) below.

Appears in 1 contract

Samples: Agreement (Mason George Bankshares Inc)

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Termination of Lease. Upon the occurrence of an Event of -------------------- Bankruptcy, Landlord Lessor shall have the right to terminate this Lease lease by giving ninety (90) days prior written notice to Tenant; Lessee, provided, however, that this right to terminate Section 12.1(b)(i) shall have no effect while a case in which Tenant Lessee is the subject debtor under the Bankruptcy Code is pending, unless Tenant Lessee or its Trustee in Bankruptcy is unable to comply with the provisions of Sections 11.2(d12.1(b)(v), 12.1(b)(vi) and (evii) below. At all other times If Lessee or its Trustee is unable to comply with Sections 12.1(b)(v), 12.1(b)(vi) and (vii) below, this Lease lease shall automatically cease and terminate, and Tenant Lessee shall be immediately obligated to quit the Demised Premises premises upon the giving of notice pursuant to this Section 11.2(a12.1(b)(i). Any other notice to quit, or notice of LandlordLessor's intention to re-enter reenter is hereby expressly waived. If Landlord lessor elects to terminate this Leaselease, everything contained in this Lease lease on the part of Landlord the Lessor to be done and performed shall cease without prejudice, subject, subject however, to the rights right of Landlord Lessor to recover from Tenant Lessee all Base Annual Rent and Additional Rent rent and any other sums accrued up to the time of termination or recovery of possession by LandlordLessor, whichever is later, and any other monetary damages or loss or reserved rent sustained by LandlordLessor.

Appears in 1 contract

Samples: Agreement of Lease (Broadview Networks Holdings Inc)

Termination of Lease. Upon the occurrence of an Event of Bankruptcy, Landlord shall have the right to terminate this Lease by giving written notice to Tenant; provided, however, that this right to terminate Paragraph 16 (b)(i) shall have no effect while a case in which Tenant is the subject debtor under the Bankruptcy Code is pending, unless Tenant or its Trustee Trustees in bankruptcy is unable to comply with the provisions of Sections 11.2(dParagraphs 16(v) and (e16(vi) below. At all other times Otherwise this Lease shall automatically cease and terminate, and Tenant shall be immediately obligated to quit the Demised Premises premises upon the giving of notice pursuant to this Section 11.2(aParagraph 16(b)(i). Any other notice to quit, or notice of Landlord's intention to re-enter is hereby expressly waived. If Landlord elects to terminate this Lease, everything contained in this Lease on the part of Landlord to be done and performed shall cease without prejudice, subject, subject however, to the rights right of Landlord to recover from Tenant all Base Annual Rent and Additional Rent rent and any other sums accrued up to the time of termination or recovery of possession by Landlord, whichever is later, later and any other monetary damages or loss of reserved rent sustained by Landlord.. (ii)

Appears in 1 contract

Samples: Lease Agreement (Capsule Communications Inc De)

Termination of Lease. Upon the occurrence of an Event of Bankruptcy, Landlord shall have the right to terminate this Lease by giving thirty (30) days prior written notice to Tenant; Tenant provided, however, that this right to terminate Subsection (a) shall have no effect while a case in which Tenant is the subject debtor under the Bankruptcy Code is pending, unless Tenant or its Trustee in Bankruptcy is unable to comply with the provisions of Sections 11.2(dSubsections (e) and (. If Tenant or its Trustee is unable to comply with Subsections (a), (e) below. At all other times and (, this Lease shall automatically cease and terminate, and Tenant shall be immediately obligated to quit the Demised Premises premises upon the giving of notice pursuant to this Section 11.2(aSubsection (a). Any other notice to quit, or notice of Landlord's intention to re-enter is hereby expressly waived. If Landlord elects to terminate this Lease, everything contained in this Lease on the part of Landlord to be done and performed shall cease without prejudice, subject, however, to the rights right of Landlord to recover from Tenant all Base Annual Rent and Additional Rent and any other sums accrued up to the time of termination or recovery of possession by Landlord, whichever is later, and any other monetary damages or loss of reserved Rent sustained by Landlord.

Appears in 1 contract

Samples: Lease (Paytrust Inc)

Termination of Lease. Upon occurrence of an Event of Bankruptcy, Landlord shall have the right to terminate this Lease by giving written notice to Tenant; provided, however, that this right to terminate shall have no effect while a case in which Tenant is the subject debtor under the Bankruptcy Code is pending, unless Tenant or its Trustee is unable to comply with the provisions of Sections 11.2(d) and (ec) below. At all other times this Lease shall automatically cease and terminate, and Tenant shall be immediately obligated to quit the Demised Premises upon the giving of notice pursuant to this Section 11.2(a). Any other notice to quit, or notice of Landlord's ’s intention to re-enter is hereby expressly waived. If Landlord elects to terminate this Lease, everything contained in this Lease on the part of Landlord to be done and performed shall cease without prejudice, subject, however, to the rights of Landlord to recover from Tenant all Base Bass Annual Rent and Additional Rent and any other sums accrued up to the time of termination or recovery of possession by Landlord, whichever is later, and any other monetary damages sustained by Landlord.

Appears in 1 contract

Samples: Office Building Lease (Micromet, Inc.)

Termination of Lease. Upon occurrence of an Event of Bankruptcy, Landlord shall have the right to terminate this Lease by giving written notice to Tenant; provided, however, that this right to terminate Section 11.2(a) shall have no effect while a case notice in which Tenant is the subject debtor under the Bankruptcy Code is pending, unless Tenant or its Trustee is unable to comply with the provisions of Sections Section 11.2(d) and (e) below. At all other times this Lease shall automatically cease and terminate, and Tenant shall be immediately obligated to quit the Demised Premises premises upon the giving of notice pursuant to this Section 11.2(a). Any other notice to quit, or notice of Landlord's intention to re-enter is hereby expressly waived. If Landlord elects to terminate terminiate this Lease, everything contained in this Lease on the part of Landlord to be done and performed shall cease without prejudice, subject, however, to the rights of Landlord to recover from Tenant all Base Annual Rent rent and Additional Rent and any other sums accrued up to the time of termination or recovery of possession by Landlord, whichever is later, and any other monetary damages or loss of reserved rent sustained by Landlord.

Appears in 1 contract

Samples: Lease and Lease Extension Agreement (Otg Software Inc)

Termination of Lease. Upon occurrence of an Event of BankruptcyBankuptcy, Landlord shall have the right to terminate this Lease by giving written notice to Tenant; provided, however, that this right to terminate section 11.2(a) shall have no effect while a case in which Tenant is the subject debtor under the Bankruptcy Code is pending, unless Tenant or its Trustee is unable to comply with the provisions of Sections section 11.2(d) and (e) below. At all other times this Lease shall automatically cease and terminate, and Tenant shall be immediately obligated to quit the Demised Premises premises upon the giving of notice pursuant to this Section section 11.2(a). Any other notice to quit, or notice of LandlordXxxxxxxx's intention to re-enter is hereby expressly waived. If Landlord elects to terminate this Lease, everything contained in this Lease on the part of Landlord to be done and performed shall cease without prejudice, subject, however, to the rights of Landlord to recover from Tenant all Base Annual Rent and Additional Rent rent and any other sums accrued up to the time of termination or recovery of possession by Landlord, whichever is later, and any other monetary damages or loss of reserved rent sustained by Landlord.

Appears in 1 contract

Samples: Lease Extension Agreement (Sherwood Brands Inc)

Termination of Lease. Upon occurrence of an Event of Bankruptcy, Landlord shall have the right to terminate this Lease by giving written notice to Tenant; provided, however, that this right to terminate Section 11.2(a) shall have no effect while a case notice in which Tenant is the subject debtor under the Bankruptcy Code is pending, unless Tenant or its Trustee is unable to comply with the provisions of Sections Section 11.2(d) and (e) below. At all other times this Lease shall automatically cease and terminate, and Tenant shall be immediately obligated to quit the Demised Premises premises upon the giving of notice pursuant to this Section 11.2(a). Any other notice to quit, or notice of Landlord's intention to re-enter is hereby expressly waived. If Landlord elects to terminate this Lease, everything contained in this Lease on the part of Landlord to be done and performed shall cease without prejudice, subject, however, to the rights of or Landlord to recover from Tenant all Base Annual Rent and Additional Rent rent and any other sums accrued up to the time of termination or recovery of possession by Landlord, whichever is later, and any other monetary damages or loss of reserved rent sustained by Landlord.

Appears in 1 contract

Samples: Template Software Inc

Termination of Lease. Upon occurrence of an Event of Bankruptcy, Landlord shall have the right to terminate this Lease by giving written notice to Tenant; provided, however, that this right to terminate shall have no effect while a case in which Tenant is the subject debtor under the Bankruptcy Code is pending, unless Tenant or its Trustee is unable to comply with the provisions of Sections 11.2(d13.2 (d) and (e) belowbelow or any provision of the Bankruptcy Code or Insolvency Laws which permit such termination. At all other times this Lease lease shall automatically cease and terminate, and Tenant shall be immediately obligated to quit the Demised Premises upon the giving of notice pursuant to this Section 11.2(a13.2(a). Any other notice to quit, or notice of Landlord's intention to re-enter is hereby expressly waived. If Landlord elects to terminate this Lease, everything contained in this Lease on the part of Landlord to be done and performed shall cease without prejudice, subject, however, to the rights of Landlord to recover from Tenant all Base Minimum Annual Rent and Rent, Percentage Rent, Additional Rent and any other sums sum accrued up to the time of termination or recovery of possession by Landlord, whichever is later, and any other monetary damages sustained by Landlord.

Appears in 1 contract

Samples: Lease (Franklin Bancorporation Inc)

Termination of Lease. Upon the occurrence of an Event of Bankruptcy, Landlord shall have the right to terminate this Lease by giving written notice to Tenant; provided, however, that this right to terminate shall have no effect while a case in which Tenant is the subject debtor under the Bankruptcy Code is pending, unless Tenant or its Trustee is unable to comply with the provisions of Sections 11.2(d) and (e) below. At all other times this Lease shall automatically cease and terminate, and whereupon Tenant shall be immediately obligated to quit the Demised Premises premises upon the giving of notice pursuant to this Section 11.2(aparagraph 16(b)(i). Any other notice to quit, or notice of Landlord's intention Landxxxx'x xntention to re-enter is hereby expressly waived. If Landlord elects to terminate this Lease, everything contained in this Lease on the part of Landlord to be done and performed shall cease without prejudice, subject, however, to the rights right of Landlord to recover from Tenant all Base Annual Rent and Additional Rent rent and any other sums accrued up to the time of termination or recovery of possession by Landlord, whichever is later, and any other monetary damages or loss of reserved rent sustained by Landlord; provided, however, and notwithstanding the foregoing or the further remedies set forth in this paragraph 16(b), Landlord shall not have the right to terminate this Lease while a case in which Tenant is the subject debtor under the Bankruptcy Code is pending, unless Tenant or Tenant's trustee in bankruptcy is unable to comply with the provisions of paragraphs 161(b)(v), (vi) and (vii) below.

Appears in 1 contract

Samples: Agreement (Mason George Bankshares Inc)

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