Licensor’s Termination Rights. The Licensor shall have the right to terminate this Agreement at any time during existence of any of the following events by delivering to the Licensee, a written notice of its intention to terminate this Agreement:
Licensor’s Termination Rights. Licensor shall have the right to terminate this Agreement if Licensee (a) enters into any voluntary or involuntary receivership or bankruptcy arrangement, makes a general assignment for the benefit of creditors, or commences any case, proceeding, or other action seeking to have an order for relief entered on its behalf as a debtor or to adjudicate it bankrupt or insolvent; (b) seeks a reorganization, liquidation, dissolution or composition of it or its debts under any law relating to bankruptcy, insolvency, or relief of debtors, or appointment of a receiver, trustee, custodian, or similar official for it or for all or any substantial part of its property; (c) has entered against it a final order by a court of competent jurisdiction (i) finding Licensee to be bankrupt or insolvent, (ii) ordering or approving Licensee’s liquidation, reorganization, or any modification or alteration of the rights of its general creditors, or (iii) assuming custody of or appointing a receiver or other custodian for all or a substantial part of Licensee’s property; or (d) ceases to do business in the ordinary course.
Licensor’s Termination Rights. If Licensor determines that the Licensed Premises is required for a Town purpose and the Licensee’s business and operations within the Licensed Premises are in conflict with that purpose, or if the Licensor determines that the Licensee is in violation of any of the terms of this Agreement or the Permit, said determination being within the sole and absolute discretion of the Licensor, Licensor may terminate this Agreement and demand that Licensee remove the operations and any property from the Licensed Premises immediately after written notice.
Licensor’s Termination Rights. Licensor, at its sole option and reasonable discretion, may require Licensee, at any time prior to the expiration of the Lease, to relocate the Facilities or to terminate the operation of the Facilities if it is causing physical damage to the Licensed Premises, the Lot or the Building, interfering with any other service provided by the Building, interfering with the business of another tenant in the Building, if any, or in the Office Center, as such business is being conducted, or causing the violation of any condition or provision of the Lease or any law, regulation or ordinance promulgated by any governmental or quasi-governmental authority now or hereafter in effect, even if any or all other tenants in the Building or in the Office Center are permitted to continue any similar use or operation. If Licensor or another tenant in the Building, if any, or in the Office Center shall require that the Facilities be moved to another location for the foregoing reasons, Licensor shall have the right to require Licensee, at its sole expense, to relocate the Facilities to another location on the Lot. Licensor shall notify Licensee of its election to require the termination or relocation of the Facilities by giving written notice to Licensee of its election, stating a date upon which the term of this License shall terminate or upon which the relocation shall be complete, as the case may be. In the case of relocation, if the Facilities are not completely relocated and the Licensed Premises and the Building otherwise restored to their original condition within sixty (60) days of the date designated in the written notice delivered to Licensee by Licensor, Licensor, at its sole option, may terminate the License.
Licensor’s Termination Rights. (a) If Licensee fails to pay any sum due Licensor under this Agreement, or to provide and to maintain the security required in this Agreement, Licensor shall have the right to terminate this Agreement; provided, however, that Licensor shall give Licensee written notice of such default and Licensor’s intent to terminate, and Licensee shall have thirty (30) days in which to cure such default.
