Breach of Lease. H If the Academy Trust is, or if it is reasonably foreseeable that it will be, in material breach of the Lease, the Academy Trust must immediately give written notice to the Secretary of State stating what the breach is and what action the Academy Trust has taken or proposes to take to remedy it, including timescales where appropriate.
Breach of Lease. In the event that Resident breaches this Lease Agreement, Landlord shall be allowed at Landlord’s discretion, but not by way of limitation, to exercise any or all remedies provided Landlord by California Civil Code Section 1951.2
Breach of Lease. The occurrence of any event such that any Indebtedness of any Borrower in excess of $500,000.00 to any creditor other than the Lender could be accelerated or, without the consent of any Borrower, more than five (5) Leases could then be terminated (whether or not the subject creditor or lessor takes any action on account of such occurrence).
Breach of Lease. 20.1 Should the rental or any other amount payable by the Lessee in terms of this Lease not be paid on due date or should the Lessee commit or suffer or permit the commission of a breach of any of the other terms of this Lease, whether or not such other breach goes to the root of this Lease, and fail to make such payment or remedy such other breach within 7 (seven) days after receipt of a notice in writing calling upon it to do so, or should the Lessee or any guarantor of the Lessee be placed in liquidation, whether provisional or final and whether voluntary or compulsory, or under judicial management, whether provisional or final, or should the Lessee or any guarantor of the Lessee effect a general compromise with its creditors or any other arrangement with its creditors necessitated by or attributable to the Lessee or any guarantor of the Lessee suffer a default judgement to be entered against it and fail within 7 (seven) days after such judgement comes to its knowledge to satisfy or take steps to rescind or appeal the same, or should the Lessee die during the currency hereof, the Lessor shall be entitled but not obliged, notwithstanding any previous waiver or anything to the contrary herein contained, either:-
20.1.1 forthwith and without notice to cancel this Lease and to resume possession of the Leased Premises, without prejudice to its claim for arrears of rent and other amounts owing hereunder or for damages which it may have suffered by reason of the Lessee’s breach of contract or of the said cancellation; or
20.1.2 to vary this Lease by making it thereafter terminable on one month’s written notice given by the Lessor; or
20.1.3 to re-enter the Leased Premises and remove all persons and/or property from the Leased Premises. Any property so removed shall be stored at the cost and at the risk of the Lessee. The Lessee hereby irrevocably constitutes the Lessor as its agent for effecting the sale of any such goods and for effecting any of the aforegoing purposes.
20.2 If the Lessor cancels this Lease and the Lessee disputes the Lessor’s right to cancel and remains in occupation of the Leased Premises, the Lessee shall, pending settlement of such dispute, either by negotiation or litigation, continue to pay (without prejudice to its rights) an amount equivalent to the monthly rent together with all the other charges provided for in this Lease, monthly and in advance on the first day of each month and the Lessor shall be entitled to accept and recover su...
Breach of Lease. The occurrence of any event such that any Indebtedness of any Borrower to any creditor other than the Agent or any Revolving Credit Lender could be accelerated or, without the consent of any Borrower, any Lease (other than of a Seasonal Store) could be terminated (whether or not the subject creditor or lessor takes any action on account of such occurrence).
Breach of Lease. The occurrence of any event such that any Indebtedness of the Borrower to any creditor other than the Lender could be accelerated such that a Material Adverse Change would occur, or, without the consent of the Borrower, any Lease could be terminated (whether or not the subject creditor or lessor takes any action on account of such occurrence).
Breach of Lease. [Re-Entry Clause]. If Lessee materially breaches any provision within this Lease Agreement, Lessor may do one of the following: (1) Demand in writing Lessee immediately give up possession of the Premises. If Lessee does not give up possession, Lessor may bring an eviction action (Unlawful Detainer Action); (2) Demand in writing that Lessee give up possession of the Premises to Lessor at a certain date in the future. If Lessee does not give up possession on that date, Lessor may bring an eviction action (Unlawful Detainer Action). Lessor may accept rent for the period up to the date possession is to be transferred without giving up Lessor’s right to evict; (3) Bring an eviction immediately against Lessees. (Unlawful Detainer Action.)
Breach of Lease. Subject to the applicable United States Bankruptcy Code and other laws, the filing of any petition by or against Tenant under any chapter of the Bankruptcy Act, or any successor statute thereto, or the adjudication of Tenant as a bankrupt or insolvent, or the appointment of a receiver or trustee to take possession of all or substantially all of the assets of Tenant, or a general assignment by Tenant for the benefit of creditors, or any other action taken or suffered by Tenant under any state or federal insolvency or bankruptcy act, shall constitute a default under and breach of this Lease by Tenant, regardless of Tenant’s compliance with the other provisions of this Lease; and Landlord at its option by written notice to Tenant may exercise all rights and remedies provided for in Article 25, including the termination of this Lease, effective of such notice, without the necessity of further notice under Article 25.
Breach of Lease. The occurrence of any event such that any Indebtedness of the Borrower in excess of $500,000 to any creditor other than the Agent or any Revolving Credit Lender is accelerated or, without the consent of the Borrower, any Lease with annual rentals in excess of $500,000 is terminated.
