Common use of Bankruptcy of Tenant Clause in Contracts

Bankruptcy of Tenant. If Tenant shall become insolvent or unable to pay -------------------- its debts as they mature, or if bankruptcy proceeding shall be begun by or against Tenant before the end of the Lease term, Landlord is hereby irrevocably authorized at its option, to forthwith terminated this Lease, as upon a default by Tenant. Landlord may elect to accept rent from such receiver, trustee, or other judicial officer during the term of occupancy in a fiduciary capacity without affecting Landlord's right as contained in this Lease, but no receiver, trustee or other judicial officer shall ever have any right, title or interest in or to the demised premises by virtue of Landlord' s election.

Bankruptcy of Tenant. If Tenant shall become insolvent or unable to pay -------------------- its debts as they mature, or if bankruptcy proceeding proceedings shall be begun by or against Tenant before the end of the Lease term, Landlord is hereby irrevocably authorized at its option, to forthwith terminated terminate this Lease, as upon a default by Tenant. Landlord may elect to accept rent from such receiver, trustee, or other judicial officer during the term of occupancy in a fiduciary capacity without affecting Landlord's right rights as contained in this Lease, but no receiver, trustee or other judicial officer shall ever have any right, title or interest in or to the demised premises by virtue of Landlord' s 's election.

Bankruptcy of Tenant. If Tenant shall become insolvent or unable to pay -------------------- its debts as they mature, or if bankruptcy proceeding proceedings shall be begun by or against Tenant before the end of the Lease term, Landlord is Is hereby irrevocably authorized at its option, to forthwith terminated terminate this Lease, as upon a default by Tenant. Landlord may elect to accept rent from such receiver, trustee, or other judicial officer during the term of occupancy in a fiduciary capacity without affecting Landlord's right ’s rights as contained in In this Lease, but no receiver, trustee or other judicial officer shall ever have any right, title or interest Interest in or to the demised premises by virtue of Landlord' s landlord’s election.