Breach or Default. Lessee shall have breached this Lease and shall be considered in default hereunder if (a) Lessee files a petition in bankruptcy or insolvency or for reorganization under any bankruptcy act, or makes an assignment for the benefit of creditors; (b) involuntary proceedings are instituted against Lessee under any bankruptcy act; (c) Lessee assigns this Lease for the benefit of creditors; (d) Lessee fails to pay any rent when due and does not make the delinquent payments within five (5) days after receipt of notice thereof from Lessor; or (e) Lessee fails to perform or comply with any of the covenants or conditions of this Lease and such failure continues for a period of thirty (30) days after receipt of notice thereof from Lessor.
Appears in 3 contracts
Samples: Old Mill Corporate Center (Overstock Com Inc), Old Mill Corporate Center (Overstock Com Inc), Lease Agreement (Wasatch Interactive Learning Corp)
Breach or Default. Lessee shall have breached this Lease and shall be considered in default hereunder if (a) Lessee files a petition in bankruptcy or insolvency or for reorganization under any bankruptcy act, or makes an assignment for the benefit of creditors; (b) involuntary proceedings are instituted against Lessee under any bankruptcy act; (c) Lessee assigns this Lease for the benefit of creditors; (d) Lessee fails to pay any rent when due and does not make the delinquent payments within five (5) days after receipt of notice thereof from Lessor; or (e) Lessee fails to perform or comply with any of the covenants or conditions of this Lease and such failure continues for a period of thirty (3015) days after receipt of notice thereof from Lessor.
Appears in 3 contracts
Samples: Colocation Center Agreement (Overstock Com Inc), Colocation Center Agreement (Overstock Com Inc), Colocation Center Agreement (Overstock Com Inc)
Breach or Default. Lessee shall have breached this Lease lease and shall be considered in default hereunder if if, (a1) Lessee files a petition in bankruptcy or insolvency or for reorganization under any bankruptcy act, or insurance conservatory or receivership act, or makes an assignment for the benefit of creditors; (b2) involuntary proceedings are instituted against Lessee under any bankruptcy act or insurance conservatory or receivership act; (c) Lessee assigns this Lease for the benefit of creditors; (d3) Lessee fails to pay any rent when due and does not make the delinquent payments payment within five thirty (530) days after receipt of notice thereof from Lessor; , or (e4) Lessee fails failure to perform or comply with any of the covenants or conditions of this Lease lease and such failure continues for a period of thirty (30) days after receipt of notice thereof from Lessor.
Appears in 1 contract
Samples: Lease Assignment (Global Partner Acquisition Corp II)
Breach or Default. Lessee shall have breached this Lease and shall be considered in default hereunder if (a) Lessee files a petition in bankruptcy or insolvency or for reorganization under any bankruptcy act, or makes an assignment for the benefit of creditors; (b) involuntary proceedings are instituted against Lessee under any bankruptcy act; (c) Lessee assigns this Lease for the benefit of creditors; (d) Lessee fails to pay any rent when due and does not make the delinquent payments within five (5) days after receipt of notice thereof from Lessor; , or (e) Lessee fails to perform or comply with any of the covenants or conditions of this Lease and such failure continues for a period of thirty (30) days after receipt of notice thereof from Lessor.
Appears in 1 contract
