Common use of LESSEE'S DEFAULT Clause in Contracts

LESSEE'S DEFAULT. Each of the following events shall constitute an "Event of Default" hereunder: (a) Lessee shall fail to make payment of any Aggregate Rental when due and such failure shall continue for five (5) business days after Lessor gives Lessee written notice of such failure; or (b) Lessee shall fail to perform or observe any other covenant, condition or agreement to be performed or observed by it under this Lease or any agreement, document or certificate delivered by Lessee in connection herewith in any material respect, and such failure shall continue for thirty (30) days after written notice thereof from Lessor to Lessee; or (c) Any representation or warranty made by Lessee in this Lease or any agreement, document, certificate delivered by the Lessee in connection herewith is or shall become incorrect in any material respect, and, if such a default is susceptible of being corrected, Lessee fails to correct such default with thirty (30) days of a written notice from Lessor requesting correction of same; or (d) Lessee shall become insolvent or cease to do business as a going concern; or (e) Lessee makes an assignment for the benefit of creditors, or if a petition is filed by or against Lessee under any bankruptcy or insolvency law; or If a receiver is appointed for Lessee or any of Lessee's property.

LESSEE'S DEFAULT. Each Lessee shall be in default under this Lease upon the happening of any of the following events shall constitute an "Event or conditions (hereinafter referred to as “Events of Default" hereunder: ”): (ai) if Lessee shall fail fails to make payment of pay any Aggregate Rental when sum required to be paid hereunder on or before the due date and such failure shall continue continues for five a period of three (53) business consecutive days; (ii) if Lessee fails at any time to procure or maintain any insurance coverage required by this Lease; (iii) if Lessee fails to observe or perform any of the covenants, conditions or obligations contained in this Lease (other than those specified in (i) and (ii) above) and such failure continues for ten (10) days after Lessor gives receipt by Lessee of written notice from Lessor of such failure; or (biv) the appointment of a receiver, trustee or liquidator of Lessee shall fail to perform or observe any other covenantof a substantial part of its property, condition or agreement to be performed or observed by it under this Lease or any agreement, document or certificate delivered the filing by Lessee of a voluntary petition in connection herewith bankruptcy or other similar insolvency laws or for reorganization; (v) if a petition against Lessee in any material respect, a proceeding under bankruptcy laws or other similar insolvency laws shall be filed and such failure shall continue for not be withdrawn or dismissed within thirty (30) days after written notice thereof from Lessor to Lesseethereafter; or (cvi) Any representation or warranty made by Lessee in this Lease or any agreement, document, certificate delivered by the Lessee in connection herewith is or if an event of default shall become incorrect in any material respect, and, if such a default is susceptible of being corrected, Lessee fails to correct such default with thirty (30) days of a written notice from Lessor requesting correction of same; or (d) Lessee shall become insolvent or cease to do business as a going concern; or (e) Lessee makes an assignment for the benefit of creditors, or if a petition is filed by or against Lessee occur under any bankruptcy or insolvency lawother obligation Lessee owes to Lessor; or If a receiver is appointed for (vii) if an event of default shall occur under any indebtedness Lessee may now or hereafter owe to any affiliate or subsidiary of Lessee's propertyLessor.

LESSEE'S DEFAULT. Each It shall be an event of the following events shall constitute an "Event of Default" hereunderdefault hereunder if: (a) Lessee shall fail to make payment pay rent or other sum of any Aggregate Rental when money becoming due and such failure shall continue hereunder for five a period of thirty (530) business days after Lessor gives Lessee written notice of such failuredefault has been received by Lessee; or (b) Lessee shall fail to perform or observe default in the performance of any other covenantof the terms, condition conditions or agreement covenants contained in this Lease to be observed or performed or observed by it under this Lease or any agreement, document or certificate delivered by and Lessee in connection herewith in any material respect, and does not remedy such failure shall continue for default within thirty (30) days after it has received written notice thereof from Lessor or, if such default cannot be remedied in such period, does not within such thirty (30) days commence such act or acts as shall be necessary to Lesseeremedy the default and shall not thereafter diligently proceed to cure such defaults; or (c) Any representation Lessee shall become bankrupt or warranty made by Lessee insolvent, or file any debtor proceedings, or file in this Lease any court pursuant to any statute, either of the United States or of any agreement, document, certificate delivered by state a petition in bankruptcy or insolvency or for reorganization; or file or have filed against it a petition for the appointment of a receiver or trustee for all or substantially all of the assets of the Lessee in connection herewith is and such appointment shall not be vacated or shall become incorrect in any material respect, and, if such a default is susceptible of being corrected, Lessee fails to correct such default with set aside within thirty (30) days from the date of a written notice from Lessor requesting correction of samesuch appointment; or (d) Lessee shall become insolvent vacate or cease to do business as a going concern; or (e) Lessee makes an assignment for abandon the benefit of creditors, or if a petition is filed by or against Lessee under any bankruptcy or insolvency law; or If a receiver is appointed for Lessee or any of Lessee's propertyDemised Premises.

LESSEE'S DEFAULT. Each Lessee shall be in default of the following events shall constitute an "Event of Default" hereunder: this Lease if (a) Lessee shall fail fails to make payment of pay the rent or any Aggregate Rental when other amount required to be paid by Lessee within ten (10) days after the same becomes due and such failure shall continue for five (5) business days after Lessor gives Lessee written notice payable under the terms of such failurethis Lease; or (b) Lessee shall fail fails to perform or observe any other covenant, condition duty or agreement to be performed or observed obligation imposed by it under this Lease or any agreement, document or certificate delivered by Lessee in connection herewith in any material respect, and such failure shall continue the default continues for a period of thirty (30) days after written notice thereof from Lessor is given to LesseeLessee by Lessor, or for an unreasonable period of time if thirty (30) days is not sufficient time to repair, remedy or correct such default; or (c) Any representation Lessee suffers an execution, attachment, or warranty made by Lessee in this Lease other order of any court to be issued upon or any agreementagainst the interest of Lessee, document, certificate delivered by and the Lessee in connection herewith same is or shall become incorrect in any material respect, and, if such a default is susceptible of being corrected, Lessee fails to correct such default with not discharged within thirty (30) days of a written notice from Lessor requesting correction of sameLessee’s notice. thereof; or and (d) Lessee shall become insolvent bankrupt, or cease to do business as if any debtor proceedings in state court are taken, or have been taken against Lessee, or if a going concern; or (e) petition in bankruptcy or insolvency or for reorganization or for the appointment of a receiver or a trustee for all or a portion of Lessee’s property, or if the Lessee makes an assignment for the benefit of creditors, or petitions for or enters into a common law arrangement, or if a petition is filed by or against Lessee under any bankruptcy or insolvency law; or If a receiver is appointed for Lessee or Lessee’s assignee of this Lease suffers any of Lessee's propertythe above.