Common use of ENDING THIS LEASE Clause in Contracts

ENDING THIS LEASE. The purpose of this Chapter is to explain how this lease can be ended and what is to happen at the end of this lease. 1 Forfeiture 1.1 You (or your guarantor): 1.1.1 Are 7 days late in paying any rent even if not formally demanded. 1.1.2 Fail to pay any other sums or fail to comply with any other obligation contained in this lease. 1.1.3 Being an individual (or if more than one either or any of them) becomes bankrupt or subject to a receiving order. 1.1.4 Being a corporation enters into liquidation whether compulsory or voluntary (except for reconstruction or amalgamation) or is the subject of an administration order or has a receiver appointed. 1.1.5 Have distress or execution levied on your goods or if judgement is given against you for a debt. 1.1.6 Having been the holder of the premises licence cease to be the holder of a premises licence for any reason.

ENDING THIS LEASE. The purpose of this Chapter is to explain how this lease can be ended and what is to happen at the end of this lease. 1 Forfeiture 1.1 You (or your guarantor): 1.1.1 Are 7 days late in paying any rent even if not formally demanded. 1.1.2 Fail to pay any other sums or fail to comply with any other obligation contained in this lease. 1.1.3 Being an individual (or if more than one either or any of them) becomes bankrupt or subject to a receiving order. 1.1.4 Being a corporation enters into liquidation whether compulsory or voluntary (except for reconstruction or amalgamation) or is the subject of an administration order or has a receiver appointed.. SAMPLE 1.1.5 Have distress or execution levied on your goods or if judgement is given against you for a debt. 1.1.6 Having been the holder of the premises licence cease to be the holder of a premises licence for any reason.