Common use of Landlord Events of Default Clause in Contracts

Landlord Events of Default. Each of the following occurrences will constitute an “Landlord Event of Default” by Landlord under this Lease: (i) Landlord fails to pay any other sum or payment under the Lease to Master Tenant as and when due and such failure continues for a period of twenty (20) days after Master Tenant delivers written notice thereof to Landlord; (ii) any other failure or default in the performance of any of the other covenants, agreements, conditions or undertakings under the Lease to be kept, observed and performed by Landlord and such failure or default continues for a period of 30 days after Master Tenant delivers written notice thereof to Landlord; (iii) Landlord generally does not pay its debts as they become due or admits in writing its inability to pay its debts, or Landlord files a petition in voluntary bankruptcy under the Federal Bankruptcy Act or similar law, state or federal, whether now or hereafter existing, or Landlord files an answer admitting insolvency or inability to pay Landlord’s debts, or Landlord fails to obtain a vacation or stay of involuntary proceedings in bankruptcy or insolvency within 60 days after the filing of same (as hereinafter provided), or Landlord is adjudicated a bankrupt, or a trustee or receiver shall be appointed for Landlord or for all of Landlord’s property or the major part thereof, or any court has taken jurisdiction of the properties of Landlord or the major part thereof in any involuntary proceeding for reorganization, dissolution, liquidation or winding up of Landlord, and such trustee or receiver shall not be discharged or such jurisdiction relinquished or vacated or stayed on appeal or otherwise removed within 60 days after such appointment; (iv) Landlord makes a general assignment for the benefit of Landlord’s creditors; (v) Landlord abandons all of its interest in the Premises pursuant to this Lease; (vi) Landlord fails to discharge any lien or encumbrance placed or suffered upon the Premises by Landlord’s actions or inactions in violation of the terms and conditions of this Lease within ninety (90) days after such lien or encumbrance is filed against the Premises; (vii) any default by Landlord under the Fee Loan Documents, except for those covenants hereof which are made the responsibility of Master Tenant under this Lease; or (viii) any default by Landlord under the Approved Sublease, except for those covenants hereof which are made the responsibility of Master Tenant, unless Landlord fails to convey information to Master Tenant necessary for Master Tenant to fulfill the Landlord’s obligations under the Approved Sublease.

Landlord Events of Default. Each of the following occurrences will constitute an “Landlord Event of Default” by Landlord shall not be in default under this Lease: Lease unless (i) Landlord fails to pay any other sum is in breach of a representation or payment under the Lease to Master Tenant as and when due and such failure continues for a period of twenty (20) days after Master Tenant delivers written notice thereof to Landlordwarranty hereunder; (ii) Landlord shall file a petition under any other failure section or default in the performance of any chapter of the other covenantsUnited States Bankruptcy Code as amended, agreementsor under any similar law or statute of the United States or state thereof, conditions or undertakings under the Lease to Landlord shall be kept, observed and performed by adjudged bankrupt or insolvent in proceedings filed against Landlord and such failure or default continues for a period of 30 adjudication is not set aside within sixty (60) days after Master Tenant delivers written notice thereof to Landlordit is executed; or (iii) Landlord generally does fails to perform an obligation hereunder within thirty (30) days after written obligation cannot pay its debts as they become due or admits reasonably be performed within that 30-day period, then Landlord shall not be in writing its inability default if Landlord begins performance within that 30-day period and diligently prosecutes cure to pay its debts, or Landlord files a petition in voluntary bankruptcy under the Federal Bankruptcy Act or similar law, state or federal, whether now or hereafter existing, or Landlord files an answer admitting insolvency or inability to pay Landlord’s debts, or completion). If Landlord fails to obtain timely cure any default or is in breach of a vacation representation or stay of involuntary proceedings in bankruptcy or insolvency within 60 days after warranty, Tenant shall have the filing of same (as hereinafter provided), or Landlord is adjudicated a bankrupt, or a trustee or receiver shall be appointed for Landlord or for all of right but not the obligation to perform Landlord’s property or the major part thereof, or any court has taken jurisdiction of the properties of Landlord or the major part thereof in any involuntary proceeding for reorganization, dissolution, liquidation or winding up of Landlordobligation, and such trustee or receiver shall if Landlord does not be discharged or such jurisdiction relinquished or vacated or stayed on appeal or otherwise removed within 60 days after such appointment; (iv) Landlord makes a general assignment reimburse Tenant for the benefit actual, reasonable and verifiable cost of Landlordsuch performance within ten (10)days after Xxxxxx’s creditors; (v) Landlord abandons all request for same, Tenant may deduct the cost of its interest in the Premises pursuant to this Lease; (vi) Landlord fails to discharge any lien or encumbrance placed or suffered upon the Premises by Landlord’s actions or inactions in violation of the terms and conditions of this Lease within ninety (90) days after such lien or encumbrance is filed performance against the Premisesnext accruing installments of Rent. Tenant shall also have all other rights and remedies available at law or in equity, including but not limited to injunctive relief; (vii) any default by provided, however, in no event shall Landlord under the Fee Loan Documentsbe responsible for consequential, except for those covenants hereof which are made the responsibility of Master Tenant under this Lease; indirect, incidental or (viii) any default by Landlord under the Approved Sublease, except for those covenants hereof which are made the responsibility of Master Tenant, unless Landlord fails to convey information to Master Tenant necessary for Master Tenant to fulfill the Landlord’s obligations under the Approved Subleasepunitive damages.