Events of Default; Remedies; Attorney Fees Upon Default Sample Clauses

Events of Default; Remedies; Attorney Fees Upon Default. The following occurrences are “Events of Default”: (a) IGF vacates or abandons the Premises or IGF vacates or abandons the Premises; or the City vacates or abandons the Premises ; or (b) This Lease Agreement or the Premises or any part of the Premises are taken upon execution or by other process of law directed against IGF or are taken upon or subjected to any attachment by any creditor of IGF or claimant against IGF and the attachment is not discharged within fifteen (15) days; or (c) IGF Tee or its parent organization files a petition in bankruptcy or insolvency under the bankruptcy laws of the United States, or involuntary proceedings under any bankruptcy or insolvency act for the dissolution of IGF are instituted against IGF, or a receiver or trustee is appointed against all or substantially all of IGF’s property and proceedings are not dismissed within ninety (90) days; or (d) City files a petition for bankruptcy or insolvency under the bankruptcy laws of the United States, or involuntary proceedings under any bankruptcy or insolvency act are instituted against the City, or a receiver or trustee is appointed against all or substantially all of City’s property and proceedings are not dismissed within ninety (90) days; or (e) Either City or IGF materially breaches any of the other agreements, terms, or conditions of this Agreement and the breach continues for a period for sixty (60) days after notice by City or IGF to the breaching party. If any one or more Events of Default set forth above occurs by IGF as the breaching party, then the City may, at the City’s sole option: (i) re-enter and repossess the Premises in accordance with all applicable law; (ii) ▇▇▇ for any damages sustained; or (iii) terminate this Agreement. Upon such material default by IGF, the City shall have any or all of the above remedies and all other remedies at law or in equity, all of which amounts owing by IGF shall be paid upon demand. Iif any one or more Events of Default set forth above occurs by City as the breaching party, then IGF may, at IGF’s sole option: (i) ▇▇▇ for any damages sustained,; or (ii) terminate this Agreement. Upon such material default by City, IGF shall have all of the above remedies and all other remedies at law, in equity or given by this Agreement, all of which amounts owing by City shall be paid upon demand.