Common use of Landlord Events of Default Clause in Contracts

Landlord Events of Default. The occurrence of any one or more of the following events shall constitute an “Event of Default by Landlord” under this Lease by Landlord: (i) Failure by Landlord to observe or perform any of the covenants, conditions or provisions of this Lease to be observed or performed by Landlord, where such failure shall continue for a period of forty-five (45) days after notice thereof is given by Tenant to Landlord. In the event the default cannot reasonably be cured within such forty-five (45) day period, Landlord shall not be in default if Landlord commences the cure within the forty-five (45) day period and thereafter diligently prosecutes the cure to completion. (ii) (A) The making by Landlord of any general arrangement or general assignment for the benefit of creditors; (B) Landlord becomes a debtor as defined in 11 U.S.C. 101 or any successor statute thereto (unless, in the case of a petition filed against Landlord, the same is dismissed within sixty (60) days); (C) the appointment of a trustee or receiver to take possession of substantially all of Landlord ‘s assets, where possession is not restored to Landlord within sixty (60) days; or (D) the attachment, execution or other judicial seizure of substantially all of Landlord’s assets, where such seizure is not discharged within sixty (60) days.

Landlord Events of Default. The occurrence of any one or more of the following events shall constitute an “Event event of Default by Landlorddefault” under this Lease by Landlord: (i) Failure by Landlord Xxxxxxxx to observe or perform any of the covenants, conditions or provisions of this Lease to be observed or performed by Landlord, where such failure shall continue for a period of forty-five (45) days after written notice thereof is given by from Tenant to Landlord. In the event the default cannot reasonably be cured within such forty-five (45) day period, Landlord shall not be in default if Landlord commences the cure within the forty-five (45) day period and thereafter diligently prosecutes the cure to completion. (ii) (A) The making by Landlord of any general arrangement or general assignment for the benefit of creditors; (B) Landlord becomes a debtor as defined in 11 U.S.C. 101 or any successor statute thereto (unless, in the case of a petition filed against Landlord, the same is dismissed within sixty (60) days); (C) the appointment of a trustee or receiver to take possession of substantially all of Landlord ‘s assets, where possession is not restored to Landlord Tenant within sixty (60) days; or (D) the attachment, execution or other judicial seizure of substantially all of Landlord’s assets, where here such seizure is not discharged within sixty (60) days.

Landlord Events of Default. The occurrence of any one or more of the following events shall constitute an “Event event of Default by Landlorddefault” under this Lease by Landlord: (i) Failure by Landlord to observe or perform any of the covenants, conditions or provisions of this Lease to be observed or performed by Landlord, where such failure shall continue for a period of forty-five (45) days after written notice thereof is given by from Tenant to Landlord. In the event the default cannot reasonably be cured within such forty-five (45) day period, Landlord shall not be in default if Landlord commences the cure within the forty-five (45) day period and thereafter diligently prosecutes the cure to completion. (ii) (A) The making by Landlord of any general arrangement or general assignment for the benefit of creditors; (B) Landlord becomes a debtor as defined in 11 U.S.C. 101 or any successor statute thereto (unless, in the case of a petition filed against Landlord, the same is dismissed within sixty (60) days); (C) the appointment of a trustee or receiver to take possession of substantially all of Landlord ‘s assets, where possession is not restored to Landlord Tenant within sixty (60) days; or (D) the attachment, execution or other judicial seizure of substantially all of Landlord’s assets, where here such seizure is not discharged within sixty (60) days.