IT IS AGREED AND DECLARED THAT Clause Samples
IT IS AGREED AND DECLARED THAT. In exercise of the power(s) in that behalf contained in its Articles of Association and in order to secure the performance of an obligation owed to the Attorney, the Company HEREBY IRREVOCABLY APPOINTS [name of Tencent shareholder] whose [business] / [registered] office is situated at [·] (the “Attorney”), to be the true and lawful attorney-in-fact of the Company, for and in the name of and on behalf of the Company, acting singly, to do and execute all and any of the acts, things and other matters following, namely to:
IT IS AGREED AND DECLARED THAT. Re-entry
(1) Without prejudice to any other remedies and powers contained in this Lease or otherwise available to the Landlord if 5. (1) (a) the whole or part of the rents shall be unpaid for twenty-one days after becoming payable (in the case of the Principal Rent whether formally demanded or not); or
5. (1) (b) any of the Tenant’s covenants in this Lease are not performed or observed; or
5. (1) (c) the Tenant (or if more than one person any one of them being a company) is the subject of a petition for its winding up; or enters into liquidation whether voluntary (except for reconstruction or amalgamation of a solvent company) or compulsorily; or has a provisional liquidator or a receiver (including an administrative receiver) appointed; or is the subject of an administration order or a petition for one or of a voluntary arrangement or a proposal for one under Part I Insolvency ▇▇▇ ▇▇▇▇; or is unable to pay its debts within the meaning of Section 123 Insolvency Act 1986 or is otherwise insolvent; or having been registered with unlimited liability it acquires limited liability; or
5. (1) (d) the Tenant (or if more than one person any one of them being an individual) is the subject of a bankruptcy petition or bankruptcy order or of any application or order or appointment under Section 253 or Section 273 or ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇; or otherwise becomes bankrupt or insolvent; or
5. (1) (e) the Tenant enters into or makes any proposal to enter into any arrangement or composition for the benefit of his creditors then the Landlord may at any time thereafter (and notwithstanding the waiver of any previous right of re-entry) re-enter the Premises whereupon this Lease shall absolutely determine but without prejudice to any Landlord’s right of action in respect of any antecedent breach of the Tenant’s covenants in this Lease
5. (2) If and whenever during the Term:-
(a) the Premises or the access thereto from a public highway are destroyed or damaged by an Insured Risk so that the Premises are unfit for occupation and use or it is not possible to gain access thereto with vehicles or at all; and
5. (2) (b) the insurance of the Premises and the payment of any insurance money has not been vitiated by the act neglect default or omission of the Tenant or of any person for whom it is responsible the Principal Rent and the Service Rent or a fair proportion of them according to the nature and extent of the damage sustained by the Premises or the degree of impairment o...