Defaults by the Lessee. The occurrence of any one or more of the following events during the Term shall constitute a “Lessee Default” under this Agreement:
Defaults by the Lessee. 18.1 Right to re-enter. In the event of any failure of the Lessee to pay any rental due hereunder within ten (10) days after written notice of such default shall have been mailed to the Lessee or any failure to perform any other of the terms, covenants and conditions of this Lease to be observed or performed by the Lessee for more than thirty (30) days after written notice of such default shall have been mailed to the Lessee or if the Lessee shall become bankrupt or insolvent or shall file any debtor proceeding or take or have taken against the Lessee in any court proceedings or take or have taken against the Lessee in any court pursuant to any statute, either of the United States or of any state, a petition in bankruptcy or insolvency or for reorganization or for the appointment of a receiver or trustee of all or a portion of Lessee's property, or if Lessee makes an assignment for the benefit of creditors or petitions for or enters into an arrangement, or if Lessee shall abandon said premises or suffer this Lease to be taken under any writ of execution, the Lessor, besides other rights or remedies it may have, shall have the immediate right of re-entry and may remove all persons and property from the demised premises and such property may be removed and stored in a public warehouse or elsewhere at the cost and for the account of the Lessee, all without service of notice or resort to legal process and without being deemed guHty of trespass or becoming liable for any loss or damage which may be occasioned thereby.
Defaults by the Lessee that no notice has been given by the Lessor to the Lessee of any failure to comply under this Ground Lease that has not been cured and to the best of its knowledge and belief, and without any independent inquiry or investigation thereof, no Event of Default exists (or, if there has been any notice given or an Event of Default exists, describing the same).
Defaults by the Lessee. In the event the Lessee fails to fully and timely perform any of its obligations hereunder, the Authority may maintain an action for damages arising out of such default. The Authority shall not, in any event, have the right to terminate this Lease, or its obligation to convey the Project to the Lessee upon the termination of this Lease.
