Common use of INSOLVENCY OF TENANT Clause in Contracts

INSOLVENCY OF TENANT. Tenant agrees that, in the event that all or substantially all of Tenant=s assets 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 Tenant under such 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 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 Tenant=s its assets are be 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 bankruptcy laws, 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 Landlord=s 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. 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, that in the event that all or substantially all of Tenant=s its assets are be placed in the hands of a receiver or trustee, and in the event that 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 bankruptcy laws, 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 Landlord=s 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. 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, that in the event that all or substantially all of Tenant=s its assets are be placed in the hands of a receiver or trustee, and in the event that 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 Tenant under such bankruptcy laws, 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 Landlord=s option his 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. 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, that in the event that all or substantially all of Tenant=s its assets are be placed in the hands of a receiver or trustee, and in the event that 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 bankruptcy laws, 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 Landlord=s 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. 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 that all or substantially all of Tenant=s ’s assets are placed in the hands of a receiver or trustee, and in the event that 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 Tenant under such bankruptcy laws, 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 Landlord=s 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. 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, that in the event that all or substantially all of Tenant=s its assets are be 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 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 bankruptcy laws, 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 Landlord=s 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. 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, that in the event that all all, or substantially all all, of Tenant=s its assets 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 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 Tenant under such bankruptcy laws, 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 Landlord=s 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. 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 Tenant=s 's assets 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 Tenant under such 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 Landlord=s '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 '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 that all or substantially all of Tenant=s the tenant's assets 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 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 Tenant under any such bankruptcy laws, 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 Landlord=s 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. 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, that in the event that all or substantially all of the Tenant=s 's assets are placed in the hands of a receiver or trustee, and in the event that 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 Tenant under any such bankruptcy laws, 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 Landlord=s 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. 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.