BREACH BY LESSEE. In the event Lessor considers that operations are not, at any time, being conducted in compliance with this Lease, or any implied covenant of this Lease, Lessor shall notify Lessee in writing of the facts relied upon as constituting a breach of any express or implied covenant or obligation of Lessee hereunder and, Lessee, if in default, shall have sixty (60) days after receipt of such notice in which to commence compliance with its obligations hereunder. Failure on the part of Lessee to timely commence efforts to rectify any such breach and to exercise diligence in remedying any such breach shall operate as a forfeiture of this Lease as to the portion thereof affected by such breach.
BREACH BY LESSEE. 19.01 Lessee will be in breach of this Lease if at any time during the term of this Lease (and regardless of the pendency of any bankruptcy, reorganization, receivership, insolvency or other proceedings in law, in equity or before any administrative tribunal which have or might have the effect of preventing Lessee from complying with the terms of this Lease):
BREACH BY LESSEE. If Lessee shall fail to pay rent, or any other sum, to Lessor when due, shall remove or attempt to remove from the Leased Premises during the term of this Lease, or any extension thereof, or shall break or evade or attempt to break or evade any of the covenants or restrictions set forth in this Lease, Lessor, in addition to all other remedies provided by law, may:
BREACH BY LESSEE. Either (a) the appointment of a receiver to take possession of all or substantially all of the assets of Lessee, or (b) a general assignment by Lessee for the benefit of creditors, or (c) any action taken or suffered by Lessee under any insolvency or bankruptcy act or (d) any violation of any covenant of this lease shall constitute a breach of this by Lessee.
BREACH BY LESSEE. Except as otherwise provided in this Section 20, in the event Lessee fails to keep, observe, or perform any of the material requirements imposed upon Lessee pursuant to this Lease, and such default remains uncured for a period of thirty (30) days after Notice of such default is given by Lessor to Lessee.
BREACH BY LESSEE. Lessee shall be in breach of this Lease if at any time during the term of this Lease:
BREACH BY LESSEE. 20.01 In the event of a default by Lessee, Lessor, besides other rights or remedies that it may have and without prior notice except in the case of defaults in the performance of any covenant other than the payment of rent or other sums due hereunder in which case Lessor shall have first given at least ten (10) days notice of the alleged default and the same is not cured in that period, shall have the right to (i) accelerate all rent otherwise payable by Lessee over the remainder of the Lease Term, in which case all such rent shall be due and payable within ten (10) days from the notice of acceleration, and (ii) terminate this Lease and (iii) terminate Lessee’s right of continued possession of the Leased Premises and from time to time, without terminating this Lease, relet the Leased Premises or any part thereof for the account and in the name of Lessee, for any such term or terms and conditions as Lessor in its sole discretion may deem advisable with the right to make alterations and repairs to the Leased Premises deemed by Lessor to be necessary in conjunction with such reletting; and Lessee shall pay to Lessor, as soon as EXHIBIT 10.1 XXXXXX ROAD LEASE ascertained, the costs and expenses incurred by Lessor in such reletting and in making such alterations and repairs. Rentals received by Lessor from such reletting shall be applied: first, to the payment of any indebtedness, other than rent, due hereunder from Lessee to Lessor; second, to the payment of the cost of any alterations and repairs to the Leased Premises necessary to return the Leased Premises to good condition, normal wear and tear excepted, for uses permitted by this Lease and the cost of storing any of Lessee’s property left on the Leased Premises at the time of reletting; third to the payment of rent due and unpaid hereunder and the residue, if any, shall be held by Lessor and applied in payment of future rent or damages in the event of termination as the same may become due and payable hereunder and the balance, if any, at the end of the Lease Term shall be paid to Lessee. Should such rentals received from time to time from such reletting during any month be less than that agreed to be paid during that month by Lessee hereunder, Lessee shall pay such deficiency to Lessor. Such deficiency shall be calculated and paid monthly. No such reletting of the Leased Premises by Lessor pursuant to (iii) above shall be construed as an election on its part to terminate this Lease or unless the terminat...
BREACH BY LESSEE. 1. Lessor has the right to terminate the lease agreement and take back the premises and Lessee should pay 50% of rent as penalty if Lessee has one of following activities. If the compensation is still lower than Lessor’s loss, Lessee should add up the compensation to the total loss of Lessor.
BREACH BY LESSEE. Lessor shall not be deemed in breach of this Lease unless Lessor fails within a reasonable time to perform an obligation required to be performed by Lessor. For purposes of this Paragraph 13.5, a reasonable time shall in no event be less than thirty (30) days after receipt by Lessor, and by the holders of any ground lease, mortgage or deed of trust covering the Premises whose name and address shall have been furnished Lessee in writing for such purposes, of written notice specifying wherein such obligation of Lessor has not been performed; provide, however, that if the nature of Lessor's obligation is such that more than thirty (30) days period and thereafter diligently pursued to completion.
BREACH BY LESSEE. Each of the following shall be an “Event of Default” under this Lease:
