DEFAULT AND BANKRUPTCY. In the event that:
(a) The LESSEE shall default in the payment of any installment of rent or other sum herein specified and such default shall continue for ten (10) days after written notice thereof; or
(b) The LESSEE shall default in the observance or performance of any other of the LESSEE'S covenants, agreements, or obligations hereunder and such default shall not be corrected within thirty (30) days after written notice thereof; or
(c) The LESSEE shall be declared bankrupt or insolvent according to law, or, if any assignment be made of XXXXXX'S property for the benefit of creditors, then the LESSOR shall have the right thereafter, while such default continues, to re-enter and take complete possession of the leased premises, to declare the term of this Lease ended, and remove the LESSEE'S effects, without prejudice to any remedies which might be otherwise used for arrears of rent or other default. The LESSEE shall indemnify the LESSOR against all loss of rent and other payments which the LESSOR may incur by reason of such termination during the residue of the term. If the LESSEE shall default, after reasonable covenants on LESSEE'S part to be observed or performed under or by virtue of any of the provisions in any article of this Lease, the LESSOR, without being under any obligation to do so and without thereby waiving such default, may remedy such default for the account and at the expense of the LESSEE. If the LESSOR makes any expenditures or incurs any obligations for the payment of money in connection therewith, including but not limited to, reasonable attorney's fees in instituting, prosecuting or defending any action or proceeding, such sums paid or obligations incurred, with interest at the rate of twelve (12) percent per annum and costs, shall be paid to the LESSOR by the LESSEE as additional rent.
DEFAULT AND BANKRUPTCY. In the event that:
DEFAULT AND BANKRUPTCY. The following shall constitute a default by Lessee under this Lease:
(a) The Lessee shall fail to make payment or any installment of rent or other sum herein specified and such failure shall continue for five (5) days after written notice thereof; or
(b) The Lessee shall fail to observe or perform any other of the Lessee's covenants, agreements or obligations hereunder and such default shall not be corrected within thirty (30) days after written notice thereof or, if such default shall reasonably require longer than thirty (30) days to cure, shall not within said period commence and diligently proceed to cure such default; or
(c) The Lessee shall be declared bankrupt or insolvent according to law if a receiver shall be appointed to manage Lessee's affairs, or if any assignment shall be made of Lessee's property for the benefit of creditors. In the event of a default, the Lessor shall have the right thereafter, while such default continues to declare this lease ended without prejudice to any other remedy it may have; provided, however, in the event of a default pursuant to subsection (b) above which is reasonably disputed by Lessee, and which Lessor deems to remain uncorrected as of the thirtieth (30th) day after written notice was sent, then such matter will be submitted to arbitration according to the rules of the American Arbitration Association with the costs thereof to be borne equally by the parties.
DEFAULT AND BANKRUPTCY. (a) If the Buyer (being a company) enters into administration liquidation or receivership or (being an individual) becomes bankrupt or in either case makes any arrangement with his creditors or commits a material or serious breach of the contract and these terms and conditions (and in the case of such a breach being remediable fails to remedy it within seven days of receiving notice to do so) he will be deemed to have repudiated the contract.
(b) The Seller reserves the right at any time at its discretion to demand security for payment before continuing with or delivering any Order.
DEFAULT AND BANKRUPTCY. In the event that:
(a) Tenant shall fail in the payment of any installment of rent or other sum herein specified and such default shall continue for fourteen (14) days after written notice thereof, or
(b) Tenant shall default in the observance or performance of any other of Tenant's covenants, agreements or obligations hereunder and such default shall not be corrected within thirty (30) days after written notice thereof (or, if such default is not capable of being corrected within thirty (30) days, Tenant shall not have commenced to correct such default and duly prosecuted the same to completion within thirty (30) days); or
(c) Tenant shall be declared bankrupt or insolvent according to law; The Landlord shall have the right thereafter, while such default continues, to re-enter and take complete possession of the demised premises, to declare the term of this Lease ended, and remove Tenant's effects without prejudice to any remedies which might be otherwise used for arrears of rent or other default. Tenant shall indemnify Landlord monthly against all loss of rent and other payments which Landlord may incur by reason of such termination during the residue of the term including costs of collection and reasonable attorney's fees. The foregoing rights are nonexclusive and Landlord may avail itself of any other right available to it at law or in equity and such rights shall be cumulative and nonexclusive.
DEFAULT AND BANKRUPTCY. In the event that Maine Media shall (a) default in the payment of any installment of rent or other sums herein specified and such default shall continue for ten (10) days after; (b) default in the observance or performance of any other of the Maine Media covenants, agreements, or obligations hereunder and such default shall not be corrected with thirty (30) days after written notice thereof; or (c) be declared bankrupt or insolvent according to law, or, if any assignment shall be made of Maine Media's property for the benefit of creditors, then Gannett shall have the right thereafter, while such default continues, to re-enter and take complete possession of the Premises, to declare the term of this Sublease ended, and remove Maine Media's effects, without prejudice to any remedies which might be otherwise used for arrears of rent or other default. If Maine Media shall default, after reasonable notice thereof, in the observance or performance of any conditions or covenants on Maine Media's part to be observed or performed under or by virtue of any of the provisions in any paragraph of this Sublease, Gannett, without being under any obligation to do so and without thereby waiving such default, may remedy such default for the account and at the expense of Maine Media. If Gannett makes any expenditures or incurs any obligations for the payment of money in connection therewith, including but not limited to, reasonable attorney's fees in the institution, prosecuting or defending any action or proceeding, such sums paid or obligations insured, with interest at the rate of ten (10) percent par annum and costs, shall be paid to Gannett by Maine Media as additional rent.
DEFAULT AND BANKRUPTCY. 17.1 The following shall be deemed events of default of Tenant under this Lease:
(a) The failure of Tenant to pay when due the Minimum Rent, the Percentage Rent, or any other Rental or any other sum due under this Lease, and such failure continues for a period of seven (7) days after receipt of written notice of default from Landlord to Tenant;
(b) The failure of Tenant to perform any term, condition, covenant or agreement of this Lease, except those described in subparagraph (a) above, and the continuation of such failure for a period of thirty
DEFAULT AND BANKRUPTCY. If Contractor should default in the performance of any of Contractor's obligations under the Agreement, or if Contractor should become bankrupt or insolvent, Company may, without prejudice to any other rights or remedies it may have under the Agreement or otherwise at law, immediately terminate the Agreement, or any Job Order, and take over and perform all or any part of the Work then remaining unperformed using either its own employees or another contractor; provided, however, that if the cost and expense incurred by Company in completing the Work should exceed the amount which would have been due to Contractor if Contractor had completed the Work, Contractor shall be liable for and shall pay the excess to Company.
DEFAULT AND BANKRUPTCY. In the event that:
a) If upon (5) five days written notice to the Licensee the Licensee shall default in the payment of any charge or other sum specified or in Schedule A; or
b) The Licensee shall default in the observance or performance of any other of the Licensee's covenants, agreements, or obligations hereunder; or
c) The Licensee shall be declared bankrupt or insolvent according to law, or if any assignment shall be made of Licensee's property for the benefit of creditors, When this agreement and license shall terminate, including but not limited to the Licensee's access to the office and the provision of services by the Company and the Company may remove the Licensee's effects, without prejudice to any remedies which might be otherwise used for arrears of charges or other default.
DEFAULT AND BANKRUPTCY. (a.) XXXXXX’S failure to pay any installment of rent or additional rent pursuant to paragraphs 3, 14B, 17 and 18 of this LEASE shall constitute a default and shall result in the automatic and immediate cancellation and termination of this LEASE following the five (5) day written notice to the LESSEE. LESSEE shall immediately remove itself and its employees from the demised premises and surrender same to the LESSOR;
