Default and Landlords Remedies. 21 A. Defaults............................................................................... 21 B. Landlord's Remedies.................................................................... 23 12. HOLDOVER.................................................................................... 26 13. SUBORDINATION TO MORTGAGES, TRUST DEEDS AND GROUND LEASES................................... 26 A. Subordination.......................................................................... 13 B. Termination of Ground Lease or Foreclosure of Mortgage................................. 27 C.
Default and Landlords Remedies. It is covenanted and agreed that if Tenant shall neglect or fail to perform or observe any of the covenants, terms, provisions or conditions contained in this Lease and on its part to be performed or observed within thirty (30) days after receipt of written notice of default, (except for payment of Base Rent or other monetary charges and except for default of Tenant’s insurance requirement, for both of which there will be only a five (5) day cure period), or if the estate hereby created shall be taken on execution or by other process of law, or if Tenant shall be judicially declared bankrupt or insolvent according to law, or if any assignment shall be made of the property of Tenant’s property by a court of competent jurisdiction, Landlord shall be entitled to all remedies available to Landlord at law and/or equity, including, without limitation, the remedy of forcible entry and detainer. Tenant covenants that in case of such termination, the rental payments shall accelerate and tenant shall forthwith pay to Landlord as damages a sum equal to the amount of rent and other payments called for hereunder for the remainder of the term thereof subject to the Landlord’s obligation to make reasonable attempts to mitigate loss of rent and other damages. In addition, Xxxxxx agrees to pay to Landlord, as damages for any above described breach, all costs of reletting the Premises including real estate commissions and costs of renovating the Premises to suit the new tenant.
Default and Landlords Remedies. This Lease is granted on the condition that if an event of default (“Event of Default”) shall occur and then a default (“Default”) occurs, this Lease may be terminated. An Event of Default shall occur if there has been (a) a failure by Tenant to pay, when due, any rent to be paid to Landlord or to make payment when due of any taxes, assessments, or charges required by the terms of this Lease; (b) a failure by Tenant to obtain any policy of insurance or to pay any insurance premiums required by the terms of this Lease to be paid by Tenant; or (c) a failure by Tenant to comply with any other obligations or provisions of this Lease. Following an Event of Default, Landlord may send to Tenant notice of the Event of Default. The notice shall give Tenant 30 days to cure the default. If the Event of Default is not cured during the notice period, on the expiration of that notice period of 30 days a Default shall exist. If a Default as defined above occurs, Landlord may or terminate this Lease and enter into and on and take possession of the Premises, and Landlord may hold and retain the Premises. If Landlord takes possession of the Premises in accordance with this section, Landlord shall be entitled to recover from Tenant all damages incurred by Landlord on account of Tenant’s default, whether direct or consequential, including reasonable attorney fees. Xxxxxxxx’s acceptance of Rent following an Event of Default or it election not to pursue its remedies shall not waive Landlord’s rights regarding such Event of Default. No waiver by Landlord of any violation or breach of any of the terms contained herein shall waive Landlord’s rights regarding any future violation of such term.
Default and Landlords Remedies. (A) The occurrence of any one or more of the following events shall be considered a "Default" by Tenant under this Lease:
Default and Landlords Remedies. (a) Any one of the following shall be deemed to be a "Default" or an "Event of Default":
Default and Landlords Remedies. 18 Article 16.
Default and Landlords Remedies. 21 12. HOLDOVER..................................................... 24 13. SUBORDINATION TO MORTGAGES, TRUST DEEDS AND GROUND LEASES................................................ 25 14.
Default and Landlords Remedies. 23 Section 13.1 - Defaults........................................................... 23 Section 13.2 - Landlord's Remedies................................................ 24 Section 13.3 - Holdover by Tenant................................................. 26 Section 13.4 - Storage of Tenant's Property....................................... 26
Default and Landlords Remedies. Any of the following shall constitute an event of default by the Tenant:
Default and Landlords Remedies. Any of the following shall constitute an event of default by the Tenant: (a) Failure to perform any requirement of this Lease when such performance is due or pay any sum of money when due and such failure shall continue for ten (10) days after the date of written notice from AEC to Tenant specifying the nature of said default. (b) Any removal or attempt to remove any of the Tenant property from the leased premises, other than in the ordinary course of business, without having first paid all amounts due, or amounts that will become due under this Lease. (c) A declaration of bankruptcy, insolvency, or other reorganization or filing for protection from creditors.
