Distress. The Tenant waives and renounces the benefit of any present or future statute taking away or limiting the Landlord’s right of distress, and covenants and agrees that notwithstanding any such statute, none of the goods and chattels of the Tenant on the Leased Premises at any time during the Term shall be exempt from levy by distress for rent in arrears. In the event that the Tenant shall remove or permit the removal of any of its goods or chattels from the Leased Premises, the Landlord may within thirty (30) days thereafter and if the Tenant is in arrears of rent, seize such goods and chattels wherever the same may be found and may sell or otherwise dispose of the same as if they had actually been distrained upon the Leased Premises by the Landlord for arrears of rent.
Appears in 4 contracts
Samples: Lease Entire Agreement (Mitel Networks Corp), Indemnity Agreement (Coley Pharmaceutical Group, Inc.), Indemnity Agreement (Coley Pharmaceutical Group, Inc.)
Distress. 6.8 The Tenant waives and renounces the benefit of any present or future statute taking away or limiting the Landlord’s 's right of distress, and covenants and agrees that notwithstanding any such statute, statute none of the goods and chattels of the Tenant on the Leased Demised Premises at any time during the Term shall be exempt from levy by distress for rent in arrears. In the event that the Tenant shall remove or permit the removal of any of its goods or chattels from the Leased Demised Premises, the Landlord may within thirty (30) days thereafter and if the Tenant is in arrears of rent, seize such goods and chattels wherever the same may be found and may sell or otherwise dispose of the same as if they had actually been distrained upon the Leased Demised Premises by the Landlord for arrears of rent.
Appears in 3 contracts
Samples: Lease Rental Agreement, Lease Rental Agreement, Lease Rental Agreement
Distress. The Tenant waives and renounces the benefit of any present or future statute taking away or limiting the Landlord’s 's right of distress, and covenants and agrees that notwithstanding any such statute, none of the goods and chattels of the Tenant on the Leased Premises at any time during the Term shall be exempt from levy by distress for rent in arrears. In the event that the Tenant shall remove or permit the removal of any of its goods or chattels from the Leased Premises, the Landlord may within thirty (30) days thereafter and if the Tenant is in arrears of rent, seize such goods and chattels wherever the same may be found and may sell or otherwise dispose of the same as if they had actually been distrained upon the Leased Premises by the Landlord for arrears of rent.
Appears in 3 contracts
Samples: Zarlink Semiconductor Inc, Indenture (Newbridge Networks Corp), Indenture (Newbridge Networks Corp)
Distress. 16. The Tenant waives and renounces the benefit of any present or future statute taking away or limiting the Landlord’s 's right of distress, and covenants and agrees that notwithstanding any such statute, none of the goods and chattels of the Tenant on the Leased Premises at any time during the Term term shall be exempt from levy by distress for rent in arrears. In the event that the Tenant shall remove or permit the removal of any of its goods or chattels from the Leased Premises, the Landlord may within thirty (30) days thereafter and if the Tenant is in arrears of rent, seize such goods and chattels wherever the same may be found and may sell or otherwise dispose of the same as if they had actually been distrained upon the Leased Premises by the Landlord for arrears of rent.
Appears in 1 contract
Samples: Indenture (Unisphere Networks Inc)
