City’s Remedies. Upon the occurrence of any Event of Default and in addition to any and all other rights or remedies of the City hereunder and/or provided by law, the City shall have the right to terminate this Lease and/or the Tenant’s possessory rights hereunder, in accordance with applicable law to re-enter the Premises and take possession thereof and of any Improvements, and except as otherwise provided in this Lease, to remove all persons and property therefrom, and to store such property at the Tenant’s risk and for the Tenant’s account, and the Tenant shall have no further claim thereon or hereunder. The City’s re-entry or taking of possession of the Premises shall not be construed as an election on the City’s part to terminate this Lease unless the City shall have given written notice of such intention to the Tenant. In no event shall this Lease be treated as an asset of the Tenant after any final adjudication in bankruptcy except at the City’s option so to treat the same but no trustee, receiver, or liquidator of the Tenant shall have any right to disaffirm this Lease.
Appears in 2 contracts
Samples: Master Lease Agreement, Sublease Agreement
City’s Remedies. Upon the occurrence of any Event of Default and in addition to any and all other rights or remedies of the City hereunder and/or provided by law, the City shall have the right to terminate this Lease Agreement and/or the Tenant’s possessory rights hereunder, in accordance with applicable law to re-enter the Premises and take possession thereof and of any Improvements, and except as otherwise provided in this LeaseAgreement, to remove all persons and property therefrom, and to store such property at the Tenant’s risk and for the Tenant’s account, and the Tenant shall have no further claim thereon or hereunder. The City’s re-entry or taking of possession of the Premises shall not be construed as an election on the City’s part to terminate this Lease Agreement unless the City shall have given written notice of such intention to the Tenant. In no event shall this Lease Agreement be treated as an asset of the Tenant after any final adjudication in bankruptcy except at the City’s option so to treat the same but no trustee, receiver, or liquidator of the Tenant shall have any right to disaffirm this LeaseAgreement.
Appears in 1 contract
Samples: Property Use Agreement
City’s Remedies. Upon the occurrence of any Event of Default and in addition to any and all other rights or remedies of the City hereunder and/or provided by law, the City shall have has the right to terminate this Lease and/or Agreement and the Tenant’s possessory rights of Sublessee hereunder, in accordance with applicable law to re-enter the Premises and take possession thereof of the Premises and of the fixtures and any Improvements, and except as otherwise provided in this Leaseherein, to remove all persons and property therefrom, and to store such property at the Tenant’s risk of Sublessee and for the Tenant’s accountaccount of Sublessee, and the Tenant Sublessee shall have no further claim thereon or hereunder. The City’s re-entry or taking of possession of the Premises shall may not be construed as an election on the City’s part to terminate this Lease Agreement unless the City shall have has given written notice of such intention to the TenantSublessee. In no event shall this Lease Agreement be treated as an asset of the Tenant Sublessee after any final adjudication in bankruptcy except at the City’s option so to treat the same but no trustee, receiver, or liquidator of the Tenant Sublessee shall have any right to disaffirm this LeaseAgreement.
Appears in 1 contract
Samples: Sublease Agreement
City’s Remedies. Upon the occurrence of any Event of Default and in addition to any and all other rights or remedies of the City hereunder and/or provided by law, the City shall have the right to terminate this Lease Agreement and/or the Tenant’s possessory rights hereunder, in accordance with applicable law Applicable Law to re-enter the Premises and take possession thereof and of the Fixtures and any Improvements, and except as otherwise provided in this Leaseherein, to remove all persons and property therefrom, and to store such property at the Tenant’s risk and for the Tenant’s account, and the Tenant shall have no further claim thereon or hereunder. The City’s re-entry or taking of possession of the Premises shall not be construed as an election on the City’s part to terminate this Lease Agreement unless the City shall have given written notice of such intention to the Tenant. In no event shall this Lease Agreement be treated as an asset of the Tenant after any final adjudication in bankruptcy except at the City’s option so to treat the same but no trustee, receiver, or liquidator of the Tenant shall have any right to disaffirm this LeaseAgreement.
Appears in 1 contract
Samples: Lease Agreement