Common use of CONDITIONS OF LIMITATION Clause in Contracts

CONDITIONS OF LIMITATION. 25.01. This Lease is subject to the limitation that whenever Tenant or any Guarantor (a) shall make an assignment for the benefit of creditors, or (b) shall commence a voluntary case or have entered against it an order for relief under any chapter of the Federal Bankruptcy Code (Title 11 of the United States Code) or any similar order or decree under any federal or state law, now in existence, or hereafter enacted having the same general purpose, and such order or decree shall have not been stayed or vacated within 30 days after entry, or (c) shall cause, suffer, permit or consent to the appointment of a receiver, trustee, administrator, conservator, sequestrator, liquidator or similar official in any federal, state or foreign judicial or nonjudicial proceeding, to hold, administer and/or liquidate all or substantially all of its assets, and such appointment shall not have been revoked, terminated, stayed or vacated and such official discharged of his duties within 30 days of his appointment, then Landlord, at any time after the occurrence of any such event, may give Tenant a notice of intention to end the Term at the expiration of five (5) days from the date of service of such notice of intention, and upon the expiration of said five (5) day period, whether or not the Term shall theretofore have commenced, this Lease shall terminate with the same effect as if that day were the expiration date of this Lease, but Tenant shall remain liable for damages as provided in Article 27.

Appears in 2 contracts

Samples: G Iii Apparel Group LTD /De/, Lease Modification Agreement (Kasper a S L LTD)

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CONDITIONS OF LIMITATION. 25.0116.01. This Lease is and the term and estate hereby granted are subject to the limitation that whenever Tenant or any Guarantor (a) shall make an assignment of the property of Tenant for the benefit of creditors, or (b) if a petition shall commence a voluntary case be filed by or have entered against it an order for relief Tenant under any chapter of the Federal Bankruptcy Code (Title 11 provisions of the United States Code) Bankruptcy Act or under the provisions of any other bankruptcy or insolvency law or any similar order or decree under any federal or state law, now in existencelaw of like import, or hereafter enacted having whenever a permanent receiver of Tenant or of or for the same general purposeproperty of Tenant shall be appointed, and such order or decree shall have not been stayed or vacated within 30 days after entrythen, or Landlord may, (ca) shall cause, suffer, permit or consent to the appointment of a receiver, trustee, administrator, conservator, sequestrator, liquidator or similar official in any federal, state or foreign judicial or nonjudicial proceeding, to hold, administer and/or liquidate all or substantially all of its assets, and such appointment shall not have been revoked, terminated, stayed or vacated and such official discharged of his duties within 30 days of his appointment, then Landlord, at any time after receipt of notice of the occurrence of any such event, may or (b) if such event occurs without the acquiescence of Tenant, at any time after the event continues for thirty (30) days, give Tenant a notice of intention to end the Term of this Lease at the expiration of five (5) 5 days from the date of service of such notice of intention, and upon the expiration of said five (5) 5 day periodperiod this Lease and the Term and estate hereby granted, whether or not the Term shall theretofore have commenced, this Lease shall terminate with the same effect as if that day were the expiration date of this LeaseExpiration Date, but Tenant shall remain liable for damages as provided in Article 2718.

Appears in 1 contract

Samples: Agreement of Lease (Labranche & Co Inc)

CONDITIONS OF LIMITATION. 25.01. This Lease is subject to the limitation that whenever Tenant or any Guarantor (a) shall make an assignment for the benefit of creditors, or (b) shall commence a voluntary case or have entered against it an order for relief under any chapter of the Federal Bankruptcy Code (Title 11 of the United States Code) or any similar order or decree under any federal or state law, now in existence, or hereafter enacted having the same general purpose, and such order or decree shall have not been stayed or vacated within 30 thirty (30) days after entry, or (c) shall cause, suffer, permit or consent to the appointment of a receiver, trustee, administrator, conservator, sequestrator, liquidator or similar official in any federal, state or foreign judicial or nonjudicial proceeding, to hold, administer and/or liquidate all or substantially all of its assets, and such appointment shall not have been revoked, terminated, stayed or vacated and such official discharged of his duties within 30 thirty (30) days of his appointment, appointment then Landlord, at any time after the occurrence of any such event, may give Tenant a notice of intention to end the Term at the expiration of five (5) days from the date of service of such notice of intention, and upon the expiration of said five (5) day period, whether or not the Term shall theretofore have commenced, this Lease shall terminate with the same effect as if that day were the expiration date of this Lease, but Tenant shall remain liable for damages as provided in Article 27.

Appears in 1 contract

Samples: Styrochem International LTD

CONDITIONS OF LIMITATION. 25.0127.01. This Lease is subject to the limitation that whenever Tenant or any Guarantor (a) shall make an assignment for the benefit of creditors, or (b) shall commence a voluntary case or have entered against it an order for relief under any chapter of the Federal Bankruptcy Code (Title 11 II of the United States Code) or any similar order or decree under any federal or state law, now in existence, or hereafter enacted having the same general purpose, and such order or decree shall have not been stayed or vacated within 30 days after entry, or (c) shall cause, suffer, permit or consent to the appointment of a receiver, trustee, administrator, conservator, sequestrator, liquidator or similar official in any federal, state or foreign judicial or nonjudicial proceeding, to hold, administer and/or liquidate all or substantially all of its assets, and such appointment shall not have been revoked, terminated, stayed or vacated and such official discharged of his duties within 30 days of his appointment, then Landlord, at any time after the occurrence of any such event, may give Tenant a notice of intention to end the Term at the expiration of five (5) days from the date of service of such notice of intention, and upon the expiration of said five (5) day period, whether or not the Term shall theretofore have commenced, this Lease shall terminate with the same effect as if that day were the expiration date of this Lease, but Tenant shall remain liable for damages as provided in Article 2729.

Appears in 1 contract

Samples: Office Lease (Audible Inc)

CONDITIONS OF LIMITATION. 25.01. 27.01 This Lease is subject to the limitation that whenever Tenant or any Guarantor (a) shall make an assignment for the benefit of creditors, or (b) shall commence a voluntary case or have entered against it an order for relief under any chapter of the Federal Bankruptcy Code (Title 11 II of the United States Code) or any similar order or decree under any federal or state law, now in existence, or hereafter enacted having the same general purpose, and such order or decree shall have not been stayed or vacated within 30 days after entry, or (c) shall cause, suffer, permit or consent to the appointment of a receiver, trustee, administrator, conservator, sequestrator, liquidator or similar official in any federal, state or foreign judicial or nonjudicial non-judicial proceeding, to hold, administer and/or liquidate all or substantially all of its assets, and such appointment shall not have been revoked, terminated, stayed or vacated and such official discharged of his duties within 30 days of his appointment, appointment then Landlord, at any time after the occurrence of any such event, may give Tenant a notice of intention to end the Term at the expiration of five (5) days from the date of service of such notice of intention, and upon the expiration of said five (5) day period, whether or not the Term shall theretofore have commenced, this Lease shall terminate with the same effect as if that day were the expiration date Expiration Date of this Lease, but Tenant shall remain liable for damages as provided in Article 2729.

Appears in 1 contract

Samples: Agreement (Paine Webber Group Inc)

CONDITIONS OF LIMITATION. 25.01. This Lease is subject to the limitation that whenever Tenant or any Guarantor (a) shall make an assignment for the benefit of creditors, or (b) shall commence a voluntary case or have entered against it an order for relief under any chapter of the Federal Bankruptcy Code (Title 11 of the United States Code) or any similar order or decree under any federal or state law, now in existence, or hereafter enacted having the same general purpose, and such order or decree shall have not been stayed or vacated within 30 days after entry, or (c) shall cause, suffer, permit or consent to the appointment of a receiver, trustee, administrator, conservator, sequestrator, liquidator or similar official in any federal, state or foreign judicial or nonjudicial proceeding, to hold, administer and/or liquidate all or substantially all of its assets, and such appointment shall not have been revoked, terminated, stayed or vacated and such official discharged of his duties within 30 days of his appointment, then Landlord, at any time after the occurrence of any such event, may give Tenant a notice of intention to end the Term at the expiration of five (5) days from the date of service of such notice of intention, and upon the expiration of said five (5) day period, whether or not the Term shall theretofore have commenced, this Lease shall terminate with the same effect as if that day were the expiration date of this Lease, but Tenant shall remain liable for damages as provided in Article 27.

Appears in 1 contract

Samples: Hartz Mountain (Vs Direct Inc.)

CONDITIONS OF LIMITATION. 25.0116.01. This Lease is and the term and estate hereby granted are subject to the limitation that whenever Tenant or any Guarantor (a) shall make an assignment of the property of Tenant for the benefit of creditors, or (b) if a petition shall commence a voluntary case be filed by or have entered against it an order for relief Tenant under any chapter of the Federal Bankruptcy Code (Title 11 provisions of the United States Code) Bankruptcy Code or under the provisions of any other bankruptcy or insolvency law or any similar order or decree under any federal or state law, now in existencelaw of like import, or hereafter enacted having whenever a permanent receiver of Tenant or of or for the same general purposeproperty of Tenant shall be appointed, and such order or decree shall have not been stayed or vacated within 30 days after entrythen, or Landlord may (ca) shall cause, suffer, permit or consent to the appointment of a receiver, trustee, administrator, conservator, sequestrator, liquidator or similar official in any federal, state or foreign judicial or nonjudicial proceeding, to hold, administer and/or liquidate all or substantially all of its assets, and such appointment shall not have been revoked, terminated, stayed or vacated and such official discharged of his duties within 30 days of his appointment, then Landlord, at any time after receipt of notice of the occurrence of any such event, may or (b) if such event occurs without the acquiescence of Tenant, at any time after the event continues for thirty (30) days, give Tenant a notice of intention to end the Term of this Lease at the expiration of five (5) 5 days from the date of service of such notice of intention, and upon the expiration of said five (5) 5 day periodperiod this Lease and the Term and estate hereby granted, whether or not the Term shall theretofore have commenced, this Lease shall terminate with the same effect as if that day were the expiration date of this LeaseExpiration Date, but Tenant shall remain liable for damages as provided in Article 2718.

Appears in 1 contract

Samples: Sublease Agreement (Idealab)

CONDITIONS OF LIMITATION. 25.0116.01. This Lease is and the term and estate hereby granted are subject to the limitation that whenever Tenant or any Guarantor (a) shall make an assignment of the property of Tenant for the benefit of creditors, or (b) if a petition shall commence a voluntary case be filed by or have entered against it an order for relief Tenant under any chapter of the Federal Bankruptcy Code (Title 11 provisions of the United States Code) Bankruptcy Act or under the provisions of any other bankruptcy or insolvency law or any similar order or decree under any federal or state law, now in existencelaw of like import, or hereafter enacted having whenever a permanent receiver of Tenant or of or for the same general purposeproperty of Tenant shall be appointed, and such order or decree shall have not been stayed or vacated within 30 days after entrythen, or Landlord may, (ca) shall cause, suffer, permit or consent to the appointment of a receiver, trustee, administrator, conservator, sequestrator, liquidator or similar official in any federal, state or foreign judicial or nonjudicial proceeding, to hold, administer and/or liquidate all or substantially all of its assets, and such appointment shall not have been revoked, terminated, stayed or vacated and such official discharged of his duties within 30 days of his appointment, then Landlord, at any time after receipt of notice of the occurrence of any such event, may or (b) if such event occurs without the acquiescence of Tenant, at any time after the event continues for thirty (30) days, give Tenant a notice of intention to end the Term of this Lease at the expiration of five (5) 5 days from the date of service of such notice of intention, and upon the expiration of said five (5) day period5 days period this Lease and the Term and estate hereby granted, whether or not the Term shall theretofore have commenced, this Lease shall terminate with the same effect as if that day were the expiration date of this LeaseExpiration Date, but Tenant shall remain liable for damages as provided in Article 2718.

Appears in 1 contract

Samples: 2bridge

CONDITIONS OF LIMITATION. 25.0124.1. This Lease is and the term and estate hereby granted are subject to the limitation that (a) whenever Tenant or any Guarantor (a) shall make an assignment for the benefit of creditorscreditors or shall file a voluntary petition under any bankruptcy or insolvency law, or (b) whenever an involuntary petition shall commence a voluntary case be filed or have entered an involuntary proceeding shall be commenced against it an order for relief under any chapter of the Federal Bankruptcy Code (Title 11 of the United States Code) Tenant or any similar order or decree under any federal or state law, now in existence, or hereafter enacted having the same general purpose, and such order or decree shall have not been stayed or vacated within 30 days after entryGuarantor, or (c) whenever a permanent receiver of Tenant, Guarantor or of or for the property of Tenant or Guarantor, shall causebe appointed, sufferthen Landlord (i) if such event occurs without the acquiescence of Tenant or Guarantor, permit as the case may be, at any time after the event continues for one hundred twenty (120) days, or consent to the appointment of a receiver, trustee, administrator, conservator, sequestrator, liquidator or similar official (ii) in any federal, state or foreign judicial or nonjudicial proceeding, to hold, administer and/or liquidate all or substantially all of its assets, and such appointment shall not have been revoked, terminated, stayed or vacated and such official discharged of his duties within 30 days of his appointment, then Landlord, other case at any time after the occurrence of any such event, may give Tenant a notice of intention to end the Term at the expiration of five (5) days from the date of service of such notice of intention, and upon the expiration of said five (5) day period, this Lease and the Term and estate hereby granted, whether or not the Term shall theretofore have commenced, this Lease shall terminate with the same effect as if that day were the expiration date Expiration Date of this Lease, but Tenant shall remain liable for damages as provided in Article 2726. As used in this Section 24.1, the term "bankruptcy or insolvency law" shall include the reorganization or arrangement or compromise provisions thereof.

Appears in 1 contract

Samples: Agreement of Lease (Wellchoice Inc)

CONDITIONS OF LIMITATION. 25.0127.01. This Lease is subject to the limitation that whenever Tenant or any Guarantor (a) shall make an assignment for the benefit of creditors, or (b) shall commence a voluntary case or have entered against it an order for relief under any chapter of the Federal Bankruptcy Code (Title 11 of the United States Code) or any similar order or decree under any federal or state law, now in existence, existence or hereafter enacted having the same general purpose, and such order or decree shall have not been stayed or vacated within 30 days after entry, or (c) shall cause, suffer, permit or consent to the appointment of a receiver, trustee, administrator, conservator, sequestrator, liquidator or similar official in any federal, state or foreign judicial or nonjudicial proceeding, to hold, administer and/or liquidate all or substantially all of its assets, and such appointment shall not have been revoked, terminated, stayed or vacated and such official discharged of his duties within 30 days of his appointment, then Landlord, at any time after the occurrence of any such event, may give Tenant a notice of intention to end the Term at the expiration of five (5) days from the date of service of such notice of intention, and upon the expiration of said five (5) day period, whether or not the Term shall theretofore have commenced, this Lease shall terminate with the same effect as if that day were the expiration date of this Lease, but Tenant shall remain liable for damages as provided in Article 27.five

Appears in 1 contract

Samples: Lease Agreement (Access Integrated Technologies Inc)

CONDITIONS OF LIMITATION. 25.01. This Lease is subject to the limitation that whenever Tenant or any Guarantor (a) shall make an assignment for the benefit of creditors, or (b) shall commence a voluntary case or have entered against it an order for relief under any chapter of the Federal Bankruptcy Code (Title 11 of the United States Code) or any similar order or decree under any federal or state law, now in existence, or hereafter enacted having the same general purpose, and such order or decree shall have not been stayed or vacated within 30 sixty (60) days after entry, or (c) shall cause, suffer, permit or consent to the appointment of a receiver, trustee, administrator, conservator, sequestrator, liquidator or similar official in any federal, state or foreign judicial or nonjudicial proceeding, to hold, administer and/or liquidate all or substantially all of its assets, and such appointment shall not have been revoked, terminated, stayed or vacated and such official discharged of his duties within 30 sixty (60) days of his appointment, then Landlord, at any time after the occurrence of any such event, may give Tenant a notice of intention to end the Term at the expiration of five (5) days from the date of service of such notice of intention, and upon the expiration of said five (5) day period, whether or not the Term shall theretofore have commenced, this Lease shall terminate with the same effect as if that day were the expiration date of this Lease, but Tenant shall remain liable for damages as provided in Article 27.

Appears in 1 contract

Samples: Separation Agreement (Jenna Lane Inc)

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CONDITIONS OF LIMITATION. 25.0127.01. This Lease is subject to the limitation that whenever Tenant or any Guarantor a guarantor, if any, (a) shall make an assignment for the benefit of creditors, or (b) shall commence a voluntary case or have entered against it an order for relief under any chapter of the Federal Bankruptcy Code (Title 11 of the United States Code) or any similar order or decree under any federal or state law, now in existence, existence or hereafter enacted having the same general purpose, and such order or decree shall have not been stayed or vacated within 30 days after entry, or (c) shall cause, suffer, permit or consent to the appointment of a receiver, trustee, administrator, conservator, sequestrator, liquidator or similar official in any federal, state or foreign judicial or nonjudicial proceeding, to hold, administer and/or liquidate all or substantially all of its assets, and such appointment shall not have been revoked, terminated, stayed or vacated and such official discharged of his duties within 30 days of his appointment, then Landlord, at any time after the occurrence of any such event, may give Tenant a notice of intention to end the Term at the expiration of five (5) days from the date of service of such notice of intention, and upon the expiration of said five (5) day period, whether or not the Term shall theretofore have commenced, this Lease shall terminate with the same effect as if that day were the expiration date Expiration Date of this Lease, but Tenant shall remain liable for damages as provided in Article 2729.

Appears in 1 contract

Samples: Lease Agreement (Eschelon Telecom Inc)

CONDITIONS OF LIMITATION. 25.01. This Lease is subject to the limitation that whenever Tenant or any Guarantor (a) shall make an assignment for the benefit of creditors, or (b) shall commence a voluntary case or have entered against it an order for relief under any chapter of the Federal Bankruptcy Code (Title 11 of the United States Code) or any similar order or decree under any federal or state law, now in existence, or hereafter enacted having the same general purpose, and such order or decree shall have not been stayed or vacated within 30 days after entry, or (c) shall cause, suffer, permit or consent to the appointment of a receiver, trustee, administrator, conservator, sequestrator, liquidator or similar official in any federal, state or foreign judicial or nonjudicial proceeding, to hold, administer and/or liquidate all or substantially all of its assets, and such appointment shall not have been revoked, terminated, stayed or vacated and such official discharged of his duties within 30 days of his appointment, appointment then Landlord, at any time after the occurrence of any such event, may give Tenant a notice of intention to end the Term at the expiration of five (5) days from the date of service of such notice of intention, and upon the expiration of said five (5) day period, whether or not the Term shall theretofore have commenced, this Lease shall terminate with the same effect as if that day were the expiration date of this Lease, but Tenant shall remain liable for damages as provided in Article 27.

Appears in 1 contract

Samples: Childrens Place Retail Stores Inc

CONDITIONS OF LIMITATION. 25.0124.01. This Lease is subject to the limitation that whenever Tenant or any Guarantor (a) shall make an assignment for the benefit of creditors, or (b) shall commence a voluntary case or have entered against it an order for relief under any chapter of the Federal Bankruptcy Code (Title 11 of the United States Code) or any similar order or decree under any federal or state law, now in existence, or hereafter enacted having the same general purpose, and such order or decree shall have not been stayed or vacated within 30 days after entry, or (c) shall cause, suffer, permit or consent to the appointment of a receiver, trustee, administrator, conservator, sequestrator, liquidator or similar official in any federal, state or foreign judicial or nonjudicial proceeding, to hold, administer and/or liquidate all or substantially all of its assets, and such appointment shall not have been revoked, terminated, stayed or vacated and such official discharged of his duties within 30 days of his appointment, appointment then Landlord, at any time after the occurrence of any such event, may give Tenant a notice of intention to end the Term at the expiration of five (5) days from the date of service of such notice of intention, and upon the expiration of said five (5) day period, whether or not the Term shall theretofore have commenced, this Lease shall terminate with the same effect as if that day were the expiration date of this Lease, but Tenant shall remain liable for damages as provided in Article 2726.

Appears in 1 contract

Samples: Lower Road Associates LLC

CONDITIONS OF LIMITATION. 25.0116.01. This Lease is and the term and estate hereby granted are subject to the limitation that whenever Tenant or any Guarantor (a) shall make an assignment of the property of Tenant for the benefit of creditors, or (b) if a petition or case shall commence a voluntary case be filed by or have entered against it an order for relief Tenant under any chapter of the Federal Bankruptcy Code (Title 11 provisions of the United States Code) Bankruptcy Act or under the provisions of any other Federal or State bankruptcy or insolvency law or any similar order or decree under any federal or state law, now in existencelaw of like import, or hereafter enacted having whenever a permanent receiver of Tenant or of or for the same general purposeproperty of Tenant shall be appointed, and such order or decree shall have not been stayed or vacated within 30 days after entrythen, or Landlord may, (ca) shall cause, suffer, permit or consent to the appointment of a receiver, trustee, administrator, conservator, sequestrator, liquidator or similar official in any federal, state or foreign judicial or nonjudicial proceeding, to hold, administer and/or liquidate all or substantially all of its assets, and such appointment shall not have been revoked, terminated, stayed or vacated and such official discharged of his duties within 30 days of his appointment, then Landlord, at any time after receipt of notice of the occurrence of any such event, may or (b) if such event occurs without the acquiescence of Tenant, at any time after the event continues for sixty (60) days, give Tenant a notice of intention to end the Term of this Lease at the expiration of five (5) days from the date of service of such notice of intention, and upon the expiration of said five (5) day periodperiod this Lease and the term and estate hereby granted, whether or not the Term shall theretofore have commenced, this Lease shall terminate with the same effect as if that day were the expiration date of this LeaseExpiration Date, but Tenant shall remain liable for damages as provided in Article 2718.

Appears in 1 contract

Samples: Assignment and Assumption of Lease and License Agreement (Integrated Information Systems Inc)

CONDITIONS OF LIMITATION. 25.01. This Lease is subject to the limitation that whenever Tenant or any Guarantor (a) shall make an assignment for the benefit of creditors, or (b) shall commence a voluntary case or have entered against it an order for relief under any chapter of the Federal Bankruptcy Code (Title 11 of the United States Code) or any similar order or decree under any federal or state law, now in existence, or hereafter enacted having the same general purpose, and such order or decree shall have not been stayed or vacated within 30 90 days after entry, or (c) shall cause, suffer, permit or consent to the appointment of a receiver, trustee, administrator, conservator, sequestrator, liquidator or similar official in any federal, state or foreign judicial or nonjudicial proceeding, to hold, administer and/or liquidate all or substantially all of its assets, and such appointment shall not have been revoked, terminated, stayed or vacated and such official discharged of his duties within 30 90 days of his appointment, appointment then Landlord, at any time after the occurrence of any such event, may give Tenant a notice of intention to end the Term at the expiration of five (5) days from the date of service of such notice of intention, and upon the expiration of said five (5) day period, whether or not the Term shall theretofore have commenced, this Lease shall terminate with the same effect as if that day were the expiration date of this Lease, but Tenant shall remain liable for damages as provided in Article 27.

Appears in 1 contract

Samples: Switch & Data Facilities Company, Inc.

CONDITIONS OF LIMITATION. 25.0127.01. This Lease is subject to the limitation that whenever Tenant or any Guarantor a guarantor, if any, (a) shall make an assignment for the benefit of creditors, or (b) shall commence a voluntary case or have entered against it an order for relief under any chapter of the Federal Bankruptcy Code (Title 11 of the United States Code) or any similar order or decree under any federal or state law, now in existence, existence or hereafter enacted having the same general purpose, and such order or decree shall have not been stayed or vacated within 30 days after entry, or (c) shall cause, suffer, permit or consent to the appointment of a receiver, trustee, administrator, conservator, sequestrator, liquidator or similar official in any federal, state or foreign judicial or nonjudicial proceeding, to hold, administer and/or liquidate all or substantially all of its assets, and such appointment shall not have been revoked, terminated, stayed or vacated and such official discharged of his duties within 30 days of his appointment, appointments then Landlord, at any time after the occurrence of any such event, may give Tenant a notice of intention to end the Term at the expiration of five (5) days from the date of service of such notice of intention, and upon the expiration of said five (5) day period, whether or not the Term shall theretofore have commenced, this Lease shall terminate with the same effect as if that day were the expiration date Expiration Date of this Lease, but Tenant shall remain liable for damages as provided in Article 2729.

Appears in 1 contract

Samples: Lease Agreement (Eschelon Telecom Inc)

CONDITIONS OF LIMITATION. 25.0127.01. This Lease is subject to the limitation that whenever Tenant or any Guarantor (a) shall make an assignment for the benefit of creditors, or (b) shall commence a voluntary case or have entered against it an order for relief under any chapter of the Federal Bankruptcy Code (Title 11 of the United States Code) or any similar order or decree under any federal or state law, now in existence, or hereafter enacted having the same general purpose, and such order or decree shall have not been stayed or vacated within 30 days after entry, or (c) shall cause, suffer, permit or consent to the appointment of a receiver, trustee, administrator, conservator, sequestrator, liquidator or similar official in any federal, state or foreign judicial or nonjudicial proceeding, to hold, administer and/or liquidate all or substantially all of its assets, and such appointment shall not have been revoked, terminated, stayed or vacated and such official discharged of his duties within 30 days of his appointment, then Landlord, at any time after the occurrence of any such event, may give Tenant a notice of intention to end the Term at the expiration of five ten (510) days from the date of service of such notice of intention, and upon the expiration of said five ten (510) day period, whether or not the Term shall theretofore have commenced, this Lease shall terminate with the same effect as if that day were the expiration date of this Lease, but Tenant shall remain liable for damages as provided in Article 2729.

Appears in 1 contract

Samples: Icon CMT Corp

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