Common use of BANKRUPTCY, WAIVER OR DEFAULT Clause in Contracts

BANKRUPTCY, WAIVER OR DEFAULT. In the event Tenant files a voluntary petition in bankruptcy, makes assignment for the benefit of creditors, or is adjudged a bankrupt, or if a receiver, trustee or custodian is appointed for Tenant by any court, or if Tenant files any petition for relief under any section of the bankruptcy laws of the United States now in force or hereafter enacted, or if Tenant takes advantage of any insolvency act, or if the interest of Tenant shall be sold under any execution or other legal process issued out of any court, or if Tenant shall abandon or vacate the Premises during the term of this Lease, or if Tenant shall breach any promise or covenant herein, then in any such event it shall be lawful for Landlord at any time thereafter, at its option upon 10 days written notice to Tenant, to re-enter said premises and again have possession thereof and occupy the same as if this Lease had not been made, and thereupon this Lease shall cease and become null and void.

Appears in 2 contracts

Samples: Purchase Agreement (Benchmark Electronics Inc), Ce Facility Lease (Benchmark Electronics Inc)

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BANKRUPTCY, WAIVER OR DEFAULT. In the event Tenant Sublessee files a voluntary petition in bankruptcy, makes assignment for the benefit of creditors, or is adjudged a bankrupt, or if a receiver, trustee or custodian is appointed for Tenant Sublessee by any court, or if Tenant Sublessee files any petition for relief under any section of the bankruptcy laws of the United States now in force or hereafter enacted, or if Tenant Sublessee takes advantage of any insolvency act, or if the interest of Tenant Sublessee shall be sold under any execution or other legal process issued out of any court, or if Tenant Sublessee shall abandon or vacate the Premises during the term of this LeaseSublease, or if Tenant Sublessee shall breach any promise or covenant herein, then in any such event it shall be lawful for Landlord Sublessor at any time thereafter, at its option upon ten 10 days written notice to TenantSublessee, to re-enter said premises and again have possession thereof and occupy the same as if this Lease Sublease had not been made, and thereupon this Lease Sublease shall cease and become null and void.

Appears in 1 contract

Samples: Purchase Agreement (Benchmark Electronics Inc)

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BANKRUPTCY, WAIVER OR DEFAULT. In the event Tenant Sublessee files a voluntary petition in bankruptcy, makes assignment for the benefit of creditors, or is adjudged a bankrupt, or if a receiver, trustee or custodian is appointed for Tenant Sublessee by any court, or if Tenant Sublessee files any petition for relief under any section of the bankruptcy laws of the United States now in force or hereafter enacted, or if Tenant Sublessee takes advantage of any insolvency act, or if the interest of Tenant Sublessee shall be sold under any execution or other legal process issued out of any court, or if Tenant Sublessee shall abandon or vacate the Premises during the term Prime Term or, if applicable, Additional Term of this LeaseSublease, or if Tenant Sublessee shall breach any promise or covenant herein, then in any such event it shall be lawful for Landlord Sublessor at any time thereafter, at its option upon ten 10 days written notice to TenantSublessee, to re-enter said premises and again have possession thereof and occupy the same as if this Lease Sublease had not been made, and thereupon this Lease Sublease shall cease and become null and void.. ARTICLE XVII

Appears in 1 contract

Samples: Benchmark Electronics Inc

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