Common use of BANKRUPTCY OR DEATH Clause in Contracts

BANKRUPTCY OR DEATH. In the event the Tenant is ad udicated a bankrupt or files for bankruptcy protection or makes an assignment for the benefit of creditors or if the Tenant shall die, this Lease, at the sole option of the Landlord/Agent, shall terminate and the Premises shall be surrendered to the Landlord/Agent who hereby reserves the right in any of said events to forthwith re-enter and repossess the Premises, provided that same shall be done under authority of law. The parties hereto agree that the term of this Lease and extension thereof shall cease and terminate upon Tenant’s death at the option of the Landlord/Agent and no interest whatsoever shall pass to Tenant’s heirs, executors, administrators or assigns by Will or intestacy.

BANKRUPTCY OR DEATH. In the event the Tenant is ad udicated a bankrupt or files for bankruptcy protection or makes an assignment for the benefit of creditors or if the Tenant shall die, this Lease, at the sole option of the Landlord/Agent, shall terminate and the Premises shall be surrendered to the Landlord/Agent who hereby reserves the right in any of said events to forthwith re-enter and repossess the Premises, provided that same shall be done under authority of law. The parties hereto agree that the term of this Lease and extension thereof shall cease and terminate upon TenantXxxxxx’s death at the option of the Landlord/Agent and no interest whatsoever shall pass to TenantXxxxxx’s heirs, executors, administrators or assigns by Will or intestacy.