Common use of DEFAULT OF LESSEE Clause in Contracts

DEFAULT OF LESSEE. Any of the following events shall be a default of Lessee: (a) Lessee's default in the payment on the due date of the Basic Rents and/or additional rents and/or any other payment required of Lessee by this Lease, unless Lessee shall cure such default within five (5) days after the due date of such Basic Rent and/or additional rent and/or other payment required of Lessee hereunder; (b) Lessee's default in the performance of any of the other covenants of Lessee or conditions of this Lease, unless Lessee shall cure such default within thirty (30) days after notice of such default given by Lessor (or if any such default is of such nature that it cannot be completely cured within such period, then unless Lessee shall commence such curing within thirty (30) days after notice of such default given by Lessor and shall thereafter proceed with reasonable due diligence and in good faith to cure such default and shall succeed in curing such default within a reasonable period of time, and provided that the existence of such default for more than fifteen (15) days does not, in Lessor's reasonable judgment, itself result in substantial damages to Lessor and place Lessor in risk of substantial damage by such additional time to cure such default); (c) insolvency of Lessee as set forth in Paragraph 13 of this Lease; (d) the sale or attempted sale by or under execution or other, legal process of Lessee's leasehold interest hereunder and/or substantially all of Lessee's other assets; (e) the initiation of legal proceedings to effect, or resulting in, the seizure, sequestering or impounding of any of Lessee's goods or chattels used in, or incident to, the operation of the Premises by Lessee; (f) assignment by operation of law of Lessee's leasehold interest hereunder; (g) any attempt by Lessee to assign the within Lease or Sublet the Demised Premises without the express prior written consent of the Lessor; or (h) any act or omission of Lessee constituting an anticipatory breach or repudiation of this Lease.

DEFAULT OF LESSEE. Any of the following events shall be (a default of Lessee: (a) Lessee's It is mutually agreed that in the event the Lessee shall default in the payment on the of Base or Additional Rent herein reserved, when due date of the Basic Rents and/or additional rents and/or any other payment required of Lessee by this Lease, unless Lessee shall and fails to cure such default within five (5) days after the due date written notice of such Basic Rent and/or additional rent and/or other payment required of default from Lessor; or if Lessee hereunder; (b) Lessee's shall be in default in the performance of performing any of the other covenants of Lessee terms or conditions provisions of this LeaseLease other than the provisions requiring the payment of Rent, unless Lessee shall and fails to cure such default within ten (10) days after the date of receipt of written notice of default from Lessor if such default is monetary or thirty (30) days written notice if such default is non-monetary; or if Lessee permanently vacates or abandons the Premises; or if Lessee is adjudicated bankrupt; or if a permanent receiver is appointed for Lessee's property; or if, whether voluntarily or involuntarily, Lessee takes advantage of any debtor relief proceedings under any present or future law, whereby the rent or any part thereof is, or is proposed to be, reduced or payment thereof deferred; or if Lessee makes an assignment for benefits of creditors; or if Lessee's assets should be levied upon or attached under process against Lessee, and is not satisfied or dissolved within thirty (30) days after written notice from Lessor to Lessee to obtain satisfaction thereof; or Lessee fails to observe or perform any of the covenants, conditions or provisions of this Lease to be observed or performed by Lessee, other than as described in this paragraph, where such default given by Lessor (or if any such default is failure shall continue for a period of such nature that it cannot be completely cured within such period, then unless Lessee shall commence such curing within thirty (30) days after written notice thereof by Lessor to Lessee; then, and in the event of any such default or breach by Lessee, Lessor may at any time thereafter, in its sole discretion, with or without notice or demand and without limiting Lessor in the exercise of a right or remedy which Lessor may have by reason of such default given by Lessor and shall thereafter proceed with reasonable due diligence and in good faith to cure such default and shall succeed in curing such default within a reasonable period of time, and provided that the existence of such default for more than fifteen (15) days does not, in Lessor's reasonable judgment, itself result in substantial damages to Lessor and place Lessor in risk of substantial damage by such additional time to cure such default); (c) insolvency of Lessee as set forth in Paragraph 13 of this Lease; (d) the sale or attempted sale by or under execution or other, legal process of Lessee's leasehold interest hereunder and/or substantially all of Lessee's other assets; (e) the initiation of legal proceedings to effect, or resulting in, the seizure, sequestering or impounding of any of Lessee's goods or chattels used in, or incident to, the operation of the Premises by Lessee; (f) assignment by operation of law of Lessee's leasehold interest hereunder; (g) any attempt by Lessee to assign the within Lease or Sublet the Demised Premises without the express prior written consent of the Lessor; or (h) any act or omission of Lessee constituting an anticipatory breach or repudiation of this Lease.breach:

DEFAULT OF LESSEE. Any of the following events shall be a default of Lessee: (a) Lessee's It is mutually agreed that in the event the Lessee shall default in the payment on the of Base or Additional Rent herein reserved, when due date of the Basic Rents and/or additional rents and/or any other payment required of Lessee by this Lease, unless Lessee shall and fails to cure such default within five (5) days after the due date receipt of such Basic Rent and/or additional rent and/or other payment required written notice of default from Lessor; or if Lessee hereunder; (b) Lessee's shall be in default in the performance of performing any of the other covenants of Lessee terms or conditions provisions of this LeaseLease other than the provisions requiring the payment of Rent, unless Lessee shall and fails to cure such default within ten (10) days after the date of receipt of written notice of default from lessor if such default is monetary or thirty (30) days written notice if such default is non-monetary; or if Lessee permanently vacates or abandons the Premises; or if Lessee is adjudicated bankrupt; or if a permanent receiver is appointed for Lessee's property; or if, whether voluntarily or involuntarily, Lessee takes advantage of any debtor relief proceedings under any present or future law, whereby the Rent or any part thereof is, or is proposed to be, reduced or payment thereof deferred; or if Lessee makes an assignment for benefits of creditors; or if Lessee's assets should be levied upon or attached under process against Lessee, and is not satisfied or dissolved within thirty (30) days after written notice from Lessor to Lessee to obtain satisfaction thereof; or Lessee fails to observe or perform any of the covenants, conditions or provisions of this Lease to be observed or performed by Lessee, other than as described in this paragraph, where such default given by Lessor (or if any such default is failure shall continue for a period of such nature that it cannot be completely cured within such period, then unless Lessee shall commence such curing within thirty (30) days after written notice thereof by Lessor to Lessee; then, and in the event of any such default or breach by Lessee, Lessor may at any time thereafter, in its sole discretion, with or without notice or demand and without limiting Lessor in the exercise of a right or remedy which Lessor may have by reason of such default given by Lessor and shall thereafter proceed with reasonable due diligence and in good faith to cure such default and shall succeed in curing such default within a reasonable period of time, and provided that the existence of such default for more than fifteen (15) days does not, in Lessor's reasonable judgment, itself result in substantial damages to Lessor and place Lessor in risk of substantial damage by such additional time to cure such default); (c) insolvency of Lessee as set forth in Paragraph 13 of this Lease; (d) the sale or attempted sale by or under execution or other, legal process of Lessee's leasehold interest hereunder and/or substantially all of Lessee's other assets; (e) the initiation of legal proceedings to effect, or resulting in, the seizure, sequestering or impounding of any of Lessee's goods or chattels used in, or incident to, the operation of the Premises by Lessee; (f) assignment by operation of law of Lessee's leasehold interest hereunder; (g) any attempt by Lessee to assign the within Lease or Sublet the Demised Premises without the express prior written consent of the Lessor; or (h) any act or omission of Lessee constituting an anticipatory breach or repudiation of this Lease.breach:

DEFAULT OF LESSEE. Any of the following events shall be a default of Lessee: (ai) Lessee's default in the payment on the due date of the Basic Rents and/or additional rents and/or any other payment required of Lessee by this Lease, unless Lessee shall cure such default within five (5) days after the due date of such Basic Rent and/or additional rent and/or other payment required of Lessee hereunder; (bii) Lessee's default in the performance of any of the other covenants of Lessee or conditions of this Lease, unless Lessee shall cure such default within thirty fifteen (3015) days after notice of such default given by Lessor (or if any such default is of such nature that it cannot be completely cured within such period, then unless Lessee shall commence such curing within thirty fifteen (3015) days after notice of such default given by Lessor and shall thereafter proceed with reasonable due diligence and in good faith to cure such default and shall succeed in curing such default within a reasonable period of time, and provided that the existence of such default for more than fifteen (15) days does not, in Lessor's reasonable judgment, itself result in substantial damages to Lessor and place Lessor in risk of substantial damage by such additional time to cure such default); (ciii) insolvency of Lessee as set forth in Paragraph 13 of this Leasethe preceding paragraph above; (div) the sale or attempted sale by or under execution or other, other legal process of Lessee's leasehold interest hereunder and/or substantially all of Lessee's other assets; (ev) the initiation of legal proceedings to effect, or resulting in, the seizure, sequestering or impounding of any of Lessee's goods or of chattels used in, or incident to, the operation of the Premises by Lessee; (fvi) assignment by operation of law of Lessee's leasehold interest hereunder; (gvii) any attempt by Lessee to assign the within Lease or Sublet sublet the Demised Premises without the express prior written consent of the Lessor; or (hviii) any act or of omission of Lessee constituting an and anticipatory breach or repudiation of this Lease.