Common use of Events of Tenant’s Default Clause in Contracts

Events of Tenant’s Default. The occurrence of any one or more of the following events shall constitute a material default in breach of this Lease by Tenant: (a) Vacation or abandonment of the51; 51 Premises which shall not include any assignment or sublease permitted under ARTICLE XII hereto; (b) Failure by Tenant to make any payment required as and when due, where that failure shall continue for a period of ten (10) days; (c) Failure by Tenant to observe or perform any of the covenants, conditions or provisions of this Lease, other than making any payment when due, where that failure shall continue for a period of thirty (30) days after Landlord gives written notice to Tenant of that52 (d) Making by Tenant of any general assignment or general arrangement for the benefit of creditors; the filing by or against Tenant of a petition in bankruptcy, including reorganization arrangement, unless, in the case of a petition filed against Tenant, the petition is dismissed within thirty (30) days; or the appointment of a trustee or receiver to take possession of substantially all of Tenant’s assets located at the Premises, or of Tenant’s interest in this Lease.

Events of Tenant’s Default. The occurrence of any one or more of the following events shall constitute a material default in breach of this Lease by Tenant: (a) Vacation or abandonment of the51; 51 Premises which shall not include any assignment or sublease permitted under ARTICLE XII heretothe Premises; (b) Failure by Tenant to make any payment required as and when due, where that failure shall continue for a period of ten five (105) days; (c) Failure by Tenant to observe or perform any of the covenants, conditions or provisions of this Lease, other than making any payment when due, where that failure shall continue for a period of thirty ten (3010) days after Landlord gives written notice to Tenant of that52that failure, or if such failure is not reasonably capable of being cured within such ten (10) day period, Tenant shall not be in default unless Tenant has failed to commence the cure and diligently pursue the cure to completion; and (d) Making by Tenant of any general assignment or general arrangement for the benefit of creditors; the filing by or against Tenant of a petition in bankruptcy, including reorganization or arrangement, unless, in the case of a petition filed against Tenant, the petition is dismissed within thirty (30) days; or the appointment of a trustee or receiver to take possession of substantially all of Tenant’s assets located at the Premises, or of Tenant’s interest in this Lease.