Common use of INSOLVENCY OF TENANT Clause in Contracts

INSOLVENCY OF TENANT. Tenant agrees that, in the event all or substantially all of its assets be placed in the hands of a receiver or trustee, and in the event such receivership or trusteeship continues for a period of ten (10) days, or should Tenant make an assignment for the benefit of creditors, or be adjudicated as bankrupt, or should Tenant institute any proceedings under any state or federal bankruptcy act wherein Tenant seeks to be adjudicated as bankrupt, or seeks to be discharged of its debts, or should any involuntary proceedings be filed against such Tenant under such bankrupt laws and Tenant consents thereto or acquiesces therein by pleading or default, then this Lease or any interest in and to the Premises shall not become an asset in any of such proceedings and in any of such events, and in addition to any and all rights or remedies of Landlord hereunder or as provided by law, it shall be lawful for Landlord at his option to declare the Term ended and to reenter the Premises and take possession thereof and remove all persons therefrom and Tenant shall have no further claim therein or hereunder.

INSOLVENCY OF TENANT. Tenant agrees that, that in the event all or substantially all of its assets be placed in the hands of a receiver or trustee, and in the event such receivership or trusteeship continues continue for a period of ten (10) days, or should Tenant make an assignment for the benefit of creditors, or be adjudicated as a bankrupt, or should Tenant institute any proceedings under any state or federal bankruptcy act wherein Tenant seeks to be adjudicated as a bankrupt, or seeks to be discharged of its debts, or should any involuntary proceedings voluntary proceeding be filed against such Tenant under such bankrupt bankruptcy laws and Tenant consents thereto or acquiesces therein by pleading or default, then this Lease lease or any interest in and to the Premises demised premises shall not become an asset in any of such proceedings and and, in any of such events, events and in addition to any and all rights or remedies of Landlord hereunder or as provided by law, it shall be lawful for Landlord at his option to declare the Term term hereof ended and to reenter re-enter the Premises demised premises and take possession thereof and remove all persons therefrom and Tenant shall have no further claim claim, therein or hereunder.

INSOLVENCY OF TENANT. Tenant agrees that, that in the event all or substantially all of its assets be placed in the hands of a receiver or trustee, and in the event such receivership or trusteeship continues for a period of ten (10110) days, or should Tenant make an as assignment for the benefit of creditors, or be adjudicated as bankrupt, or should Tenant institute any proceedings under any state or federal bankruptcy act wherein Tenant seeks to be adjudicated as bankrupt, or seeks to be discharged of its debts, or should any involuntary proceedings voluntary proceeding be filed against such Tenant under such bankrupt bankruptcy laws and Tenant consents thereto or acquiesces therein by pleading or default, then this Lease lease or any interest in therein and to the Premises demised premises shall not become an as asset in any of such proceedings and and, in any of such events, events and in addition to any and all rights or remedies of Landlord hereunder or as provided by law, it shall be lawful for Landlord Landlord, at his option option, to declare the Term term hereof ended and to reenter re-enter the Premises demised premises and to take possession thereof and remove all persons therefrom and Tenant shall have no further claim therein or hereunder.

INSOLVENCY OF TENANT. Tenant agrees that, in the event that all or substantially all of its Tenant=s assets be are placed in the hands of a receiver or trustee, and in the event that such receivership or trusteeship continues for a period of ten (10) days, or should Tenant make an assignment for the benefit of creditors, or be adjudicated as bankrupt, or should Tenant institute any proceedings under any state or federal bankruptcy act wherein Tenant seeks to be adjudicated as Initials: /s/ EM /s/ WB 18 bankrupt, or seeks to be discharged of its debts, or should any involuntary proceedings be filed against such Tenant under such bankrupt laws bankruptcy laws, and Tenant consents thereto or acquiesces therein by pleading or default, then this Lease or any interest in and to the Premises shall not become an asset in any of such proceedings and in any of such events, and in addition to any and all rights or remedies of Landlord hereunder or as provided by law, it shall be lawful for Landlord at his Landlord=s option to declare the Term ended and to reenter the Premises and take possession thereof and remove all persons therefrom and Tenant shall have no further claim therein or hereunder. Landlord, at Landlord’s option, may require Tenant to cooperate in connection with and coordinate the removal of residents of the Premises to satisfy the state or governmental agencies.

INSOLVENCY OF TENANT. Tenant agrees that, in the event that all or substantially all of its Tenant's assets be are placed in the hands of a receiver or trustee, and in the event that such receivership or trusteeship continues for a period of ten (10) days, or should Tenant make an assignment for the benefit of creditors, or be adjudicated as bankrupt, or should Tenant institute any proceedings under any state or federal bankruptcy act wherein Tenant seeks to be adjudicated as bankrupt, or seeks to be discharged of its debts, or should any involuntary proceedings be filed against such Tenant under such bankrupt laws bankruptcy laws, and Tenant consents thereto or acquiesces therein by pleading or default, then this Lease or any interest in and to the Premises shall not become an asset in any of such proceedings and in any of such events, and in addition to any and all rights or remedies of Landlord hereunder or as provided by law, it shall be lawful for Landlord at his Landlord's option to declare the Term ended and to reenter the Premises and take possession thereof and remove all persons therefrom and Tenant shall have no further claim therein or hereunder. Landlord, at Landlord's option, may require Tenant to cooperate in connection with and coordinate the removal of residents of the Premises to satisfy the state or governmental agencies.

INSOLVENCY OF TENANT. Tenant agrees that, in In the event all or substantially all of its Tenant’s assets be are placed in the hands of a receiver or trustee, and in the event such receivership or trusteeship continues shall continue for a period of ten (10) days, or should Tenant make an assignment for the benefit of creditors, or be adjudicated as a bankrupt, or should Tenant institute any proceedings under any state or federal bankruptcy act wherein Tenant seeks to be adjudicated as a bankrupt, or seeks to be discharged of its debts, or should any involuntary proceedings voluntary proceeding be filed against such Tenant under such bankrupt bankruptcy laws and Tenant consents thereto or acquiesces therein by pleading or default, then this Lease or any interest in and to the Premises which Tenant may have shall not become an asset in any of such proceedings and and, in any of such events, events and in addition to any and all rights or remedies of Landlord hereunder or as provided by law, it Landlord shall be lawful for Landlord at his have the option to declare the Term ended and term hereof ended, to reenter re-enter the Premises and take possession thereof and remove all persons therefrom therefrom, and Tenant shall have no further claim therein or hereunder.

INSOLVENCY OF TENANT. Tenant agrees that, that in the event all or substantially all of its the Tenant's assets be are placed in the hands of a receiver or trustee, and in the event such receiver or trustee, and such receivership or trusteeship continues for a period of ten thirty (1030) days, or should Tenant make an assignment for the benefit of creditors, creditors or be adjudicated as a bankrupt, or should Tenant institute any proceedings under any state or federal the bankruptcy act or under any amendment thereof which may hereafter be enacted, or under any other act relating to the subject of bankruptcy wherein Tenant seeks to be adjudicated as a bankrupt, or seeks to be discharged of its debts, or to effect a plan of liquidation, composition, arrangement or reorganization, or should any involuntary proceedings proceeding be filed against such Tenant under any such bankrupt bankruptcy laws and Tenant consents consent thereto or acquiesces acquiesce therein by pleading or default, then this Lease or any interest in and to the Premises shall not become an asset in any of such proceedings and proceedings, and, in any of such events, event and in addition to any and all rights or and remedies of Landlord hereunder or as provided by law, it shall be lawful for Landlord at his option to declare the Term term hereof ended and to reenter the Premises and take possession thereof and remove all persons therefrom therefrom, and Tenant shall have no further claim therein thereon or hereunder.

INSOLVENCY OF TENANT. Tenant agrees that, in the event all or substantially all of its assets be placed in the hands of a receiver or trustee, and in the event such receivership or trusteeship continues for a period of ten (10) days, or should Tenant make an assignment for the benefit of creditors, or be adjudicated as bankrupt, or should Tenant institute any proceedings under any state state-or federal bankruptcy act wherein Tenant seeks to be adjudicated as bankrupt, or seeks to be discharged of its debts, or should any involuntary proceedings be filed against such Tenant under such bankrupt laws and Tenant consents thereto or acquiesces therein by pleading or default, then this Lease or any interest in and to the Premises shall not become become. an asset in any of such proceedings and in any of such events, and in addition to any and all rights or remedies of Landlord hereunder or as provided by law, it shall be lawful for Landlord at his option to declare the Term ended and to reenter the Premises and take possession thereof and remove all persons therefrom and Tenant shall have no further claim therein or hereunder.

INSOLVENCY OF TENANT. Tenant agrees that, that in the event all all, or substantially all all, of its assets be are placed in the hands of a receiver or trustee, and in the event such receivership or trusteeship continues for a period of ten often (10) days, or should Tenant make an assignment for the benefit of creditors, creditors or be adjudicated as a bankrupt, or should Tenant institute any proceedings under any state or federal bankruptcy act wherein Tenant seeks to be adjudicated as a bankrupt, or seeks to be discharged of its debts, or should any involuntary proceedings proceeding be filed against such Tenant under such bankrupt bankruptcy laws and Tenant consents thereto or acquiesces therein by pleading or default, then this Lease or any interest in and to the Demised Premises shall not become an asset in any of such proceedings and and, in any of such events, events and in addition to any and all rights or remedies of Landlord hereunder or as provided by law, it shall be lawful for Landlord at his option to declare the Term term hereof ended and to reenter re-enter the Demised Premises and take possession thereof and remove all persons therefrom and Tenant shall have no further claim therein herein or hereunder.

INSOLVENCY OF TENANT. Tenant agrees that, that in the event all or substantially all of its assets be placed in the hands of a receiver or trustee, and in the event such receivership or trusteeship continues continue for a period of ten (10) days, or should Tenant make an assignment for the benefit of creditors, or be adjudicated as a bankrupt, or should Tenant institute any proceedings under any state or federal bankruptcy act wherein Tenant seeks to be adjudicated as a bankrupt, or seeks to be discharged of its debts, or should any involuntary proceedings proceeding be filed against such Tenant under such bankrupt bankruptcy laws and Tenant consents thereto or acquiesces therein by pleading or default, then this Lease or any interest in and to the Premises premises shall not become an asset in any of such proceedings and and, in any of such events, events and in addition to any and all rights or remedies of Landlord hereunder or as provided by law, it shall be lawful for Landlord at his option to declare the Term term hereof ended and to reenter re-enter the Premises premises and take possession thereof and remove all persons therefrom and Tenant shall have no further claim therein or hereunder.

INSOLVENCY OF TENANT. Tenant agrees that, that in the event all or substantially all of its assets be placed in the hands of a receiver or trustee, and in the event such receivership or trusteeship continues for a period of ten (10) days, or should Tenant make an assignment for the benefit of creditors, or be adjudicated as a bankrupt, or should Tenant institute any proceedings under any state or federal bankruptcy act wherein Tenant seeks to be adjudicated as a bankrupt, or seeks to be discharged of its debts, or should any involuntary proceedings voluntary proceeding be filed against such Tenant under such bankrupt bankruptcy laws and Tenant consents thereto or acquiesces therein by pleading or default, then this Lease lease or any interest in and to the Demised Premises shall not become an asset in any of such proceedings and and, in any of such events, events and in addition to any and all rights or remedies of Landlord hereunder or as provided by law, it shall be lawful for Landlord at his option to declare the Term term hereof ended and to reenter re-enter the Demised Premises and take possession thereof and remove all persons therefrom and Tenant shall have no further claim therein or hereunder.

INSOLVENCY OF TENANT. Tenant agrees that, that in the event all or substantially all of its assets be placed in the hands of a receiver or trustee, and in the event such receivership or trusteeship continues for a period of ten often (10) days, or should Tenant make an assignment for the benefit of creditors, or be adjudicated as a bankrupt, or should Tenant institute any proceedings under any state or federal bankruptcy act wherein Tenant seeks to be adjudicated as a bankrupt, or seeks to be discharged of its debts, or should any involuntary proceedings proceeding be filed against such Tenant under such bankrupt bankruptcy laws and Tenant consents thereto or acquiesces therein by pleading or default, then this Lease lease or any interest in and to the Premises demised premises shall not become an asset in any of such proceedings and and, in any of such events, events and in addition to any and all rights or remedies of Landlord hereunder or as provided by law, it shall be lawful for Landlord at his option to declare the Term term hereof ended and to reenter re-enter the Premises demised premises and take possession thereof and remove all persons therefrom and Tenant shall have no further claim therein or hereunder.

INSOLVENCY OF TENANT. Tenant agrees that, that in the event all or substantially all of its assets be are placed in the hands of a receiver or trustee, and in the event such receivership or trusteeship continues for a period of ten (10) days, or should Tenant make an assignment for the benefit of creditors, or should there be adjudicated as bankrupt, or should Tenant institute any proceedings under any state or federal bankruptcy act wherein where Tenant seeks to be adjudicated as a bankrupt, or seeks to be discharged of its debts, or should any involuntary proceedings voluntary proceeding be filed against such Tenant under such bankrupt bankruptcy laws and Tenant consents thereto or acquiesces therein by pleading or default, then this Lease or any interest in and to the Premises shall not become an asset in any of such proceedings and and, in any of such events, event and in addition to any and all rights or remedies of Landlord hereunder or as provided by law, it shall be lawful for Landlord Landlord, at his option its option, to declare the Lease Term ended and to reenter re-enter the Premises and take possession thereof and remove all persons therefrom and Tenant shall have no further claim therein or hereunder.

INSOLVENCY OF TENANT. Tenant Lessee agrees that, that in the event all or of substantially all of its assets be placed in the hands of a receiver or trustee, and in the event such receivership or trusteeship continues continue for a period of ten often (10) days, or should Tenant Lessee make an assignment for the benefit of creditors, or be adjudicated as a bankrupt, or should Tenant Lessee institute any proceedings under any state or federal bankruptcy act wherein Tenant Lessee seeks to be adjudicated as a bankrupt, or seeks to be discharged of its debts, or should any involuntary proceedings voluntary proceeding be filed against such Tenant Lessee under such bankrupt bankruptcy laws and Tenant Lessee consents thereto or acquiesces therein by pleading or default, then this Lease lease or any interest in and to the Premises demised premises shall not become an asset in if any of such proceedings and and, in any of such events, events and in addition to any and all rights or remedies of Landlord Lessor hereunder or as provided by law, it shall be lawful for Landlord Lessor at his option to declare the Term term hereof ended and to reenter re-enter the Premises demised premises and take possession thereof and remove all persons therefrom and Tenant Lessee shall have no further claim therein or hereunder.

INSOLVENCY OF TENANT. Tenant agrees that, in the event that all or substantially all of its Tenant=s assets be are placed in the hands of a receiver or trustee, and in the event that such receivership or trusteeship continues for a period of ten (10) days, or should Tenant make an assignment for the benefit of creditors, or be adjudicated as bankrupt, or should Tenant institute any proceedings under any state or federal bankruptcy act wherein Tenant seeks to be adjudicated as bankrupt, or seeks to be discharged of its debts, or should any involuntary proceedings be filed against such Tenant under such bankrupt laws bankruptcy laws, and Tenant consents thereto or acquiesces therein by pleading or default, then this Lease or any interest in and to the Premises shall not become an asset in any of such proceedings and in any of such events, and in addition to any and all rights or remedies of Landlord hereunder or as provided by law, it shall be lawful for Landlord at his Landlord=s option to declare the Term ended and to reenter the Premises and take possession thereof and remove all persons therefrom and Tenant shall have no further claim therein or hereunder. Landlord, at Initials: /s/ EM /s/ WB 18 Landlord’s option, may require Tenant to cooperate in connection with and coordinate the removal of residents of the Premises to satisfy the state or governmental agencies.

INSOLVENCY OF TENANT. Tenant agrees that, that in the event all or substantially all of its the tenant's assets be are placed in the hands of a receiver or trustee, and in the event such receivership or trusteeship continues for a period of ten thirty (1030) days, or should Tenant make an assignment for the benefit of creditors, creditors or be adjudicated as a bankrupt, or should Tenant institute any proceedings under any state or federal the bankruptcy act or under any amendment thereof which may hereafter be enacted, or under any other act relating to the subject of bankruptcy wherein Tenant seeks to be adjudicated as a bankrupt, or seeks to be discharged of its debts, or to effect a plan of liquidation, composition, arrangement or reorganization, or should any involuntary proceedings proceeding be filed against such Tenant under any such bankrupt bankruptcy laws and Tenant consents consent thereto or acquiesces acquiesce therein by pleading or default, then this Lease lease or any interest in and to the Premises leased premises shall not become an asset in any of such proceedings and proceedings, and, in any of such events, event and in addition to any and all rights or and remedies of Landlord hereunder or as provided by lawlaw provided, it shall be lawful for Landlord at his option to declare the Term term hereof ended and to reenter the Premises leased premises and take possession thereof and remove all persons therefrom therefrom, and Tenant shall have no further claim therein thereon or hereunder.

INSOLVENCY OF TENANT. Tenant agrees that, that in the event all or substantially all of its assets be placed in the hands of a receiver or trustee, and in the event such receivership or of trusteeship continues continue for a period of ten (10) days, or should Tenant make an assignment for the benefit of creditors, or be adjudicated as a bankrupt, or should Tenant institute any proceedings under any state or federal bankruptcy act wherein Tenant seeks to be adjudicated as a bankrupt, or seeks to be discharged of its debts, or should any involuntary proceedings voluntary proceeding be filed against such Tenant under such bankrupt bankruptcy laws and Tenant consents thereto or acquiesces therein by pleading or default, then this Lease or any interest in and to the demised Premises shall not become an asset in any of such proceedings and in any of such events, events and in addition to any and all rights or remedies of Landlord hereunder or of as provided by law, it shall be lawful for Landlord at his option to declare the Term term hereof ended and to reenter re-enter the demised Premises and take possession thereof hereof and remove all persons therefrom and Tenant shall have no further claim therein or hereunder.

INSOLVENCY OF TENANT. Tenant agrees that, that in the event all or substantially all of its assets be placed in the hands of a receiver or trustee, and in the event such receivership or trusteeship continues for a period of ten (10) days, or should Tenant make an assignment for the benefit of creditors, or be adjudicated as a bankrupt, or should Tenant institute any proceedings under any the state or federal bankruptcy act wherein Tenant seeks to be adjudicated as a bankrupt, or seeks to be discharged of its debts, or seeks an arrangement under Chapter 11 of the Federal Bankruptcy Act, or should any involuntary proceedings be filed against such Tenant under such bankrupt bankruptcy laws and Tenant consents thereto or acquiesces therein by pleading or default, then this Lease or any interest in and to the Premises this premises shall not become an asset in any of such proceedings and in any of such events, and in addition to any and all rights or remedies of Landlord hereunder or as provided by law, it shall be lawful for Landlord at his option to declare the Term hereof ended and to reenter re-enter the Premises premises and take possession thereof and remove all persons therefrom and Tenant shall have no further claim therein or hereunder.