LIENS AND INSOLVENCY. Tenant shall keep the premises and the Building free from any liens arising out of any work performed, materials ordered, or obligations incurred by Tenant. If Tenant becomes insolvent, voluntarily or involuntarily bankrupt, or if a receiver or assignee or other liquidating officer is appointed for the business of Tenant, then Landlord may terminate Tenant's rights of possession under this Lease at Landlord's option.
LIENS AND INSOLVENCY. Lessee shall keep the leased premises and the Building free from any liens arising out of any work performed, materials ordered or obligations incurred by Lessee. If Lessee becomes insolvent, voluntarily or involuntarily bankrupt, or if a receiver, or assignee or other liquidating officer is appointed for the business of Lessee, then Lessor, at its option, may immediately or any time thereafter terminate Lessee’s right of possession under this lease, subject to the terms of any applicable laws then in effect.
LIENS AND INSOLVENCY. Lessee shall keep the premises free from any liens arising out of any work performed for, materials furnished to, or obligations incurred by Xxxxxx, and shall indemnify and hold Lessor harmless against the same. In the event Xxxxxx becomes insolvent, bankrupt, or if a receiver, assignee or other liquidating officer is appointed for the business of Lessee. Lessor may cancel this Lease at its option.
LIENS AND INSOLVENCY. Tenant shall keep the Premises and the Building free from any liens or encumbrances of any kind or nature arising out of any work performed, materials ordered or obligations incurred by or on behalf of Tenant. If Tenant becomes insolvent, makes an assignment for the benefit of creditors, or if legal proceedings are instituted seeking to have Tenant adjudicated bankrupt, reorganized or rearranged under the bankruptcy laws of the United States, or if this Lease shall, by operation of law or otherwise, pass to any person or persons or entity other than Tenant, Landlord may, at its option, terminate this Lease, which termination shall reserve unto Landlord all of the rights and remedies available under Sections 28 and 30 hereof, and Landlord may accept rent from such trustee, assignee or receiver without waiving or forfeiting said right of termination.
LIENS AND INSOLVENCY. Lessee shall keep the leased premises and the property in which the leased premises are situated free from any liens arising out of any work performed, materials furnished or obligations incurred by Xxxxxx. If any liens are filed on the property, Lessee shall promptly discharge the same and shall take all steps required to protect Port's interests, including discharging the lien or placing funds in escrow in an amount acceptable to Port. Lessee shall pay all of Port's expenses relating to the filing of liens, including, but not limited to, Port's attorney fees relating in any way to the lien filing. If Xxxxxx becomes insolvent, voluntarily or involuntarily bankrupt, or if a receiver, assignee or other liquidating officer is appointed for the business of Lessee, Port may cancel this lease at Port's option.
LIENS AND INSOLVENCY. Tenant shall keep Premises and Building free from any liens or encumbrances arising out of any work performed by Tenant, materials furnished by Tenant, or obligations incurred by Tenant. Owner may terminate this Lease by giving Tenant notice of its election to do so, if; (i) Tenant files a voluntary petition in bankruptcy, or for reorganization under the bankruptcy laws, or is adjudged a bankrupt by a court of competent jurisdiction, (ii) if Tenant makes an assignment for the benefit of creditors, or if a receiver is appointed for Tenant's business, or (iii) any other action is taken by or against Tenant under any State or Federal insolvency or bankruptcy act. No interest in this Lease or estate hereby created in favor of Tenant shall pass by operation of law under any such bankruptcy or insolvency act to any person whomsoever without the prior express written consent of Owner. Any purported transfer in violation of this Article shall constitute a default by Tenant.
LIENS AND INSOLVENCY. Tenant shall keep its interest in this Lease and any Property of Tenant (other than unattached personal property) and the Premises and the Land free from any liens arising out of any work performed or materials ordered or obligations incurred by or on behalf of Tenant and hereby indemnifies and holds Landlord harmless from any liability from any such lien. Tenant shall have no right or authority to cause or allow the Premises or Land to be subjected to any such lien. Tenant shall provide Landlord written notice of intended construction, alteration or repair work at least twenty (20) days before the commencement thereof to afford Landlord an opportunity to post notices of nonresponsibility.
LIENS AND INSOLVENCY. Tenant shall keep the Premises and the Complex free from any liens arising out of any work performed and materials ordered or obligations incurred by Tenant, and Tenant does hereby indemnify and hold Landlord harmless from any liability arising from such lien. In the event any lien is filed against the Complex, the Property described on EXHIBIT A or the Premises by any person claiming by, through or under Tenant, Tenant shall promptly, upon request of Landlord and at Tenant's sole costs and expense, furnish to Landlord a bond in form, content and amount, and issued by a surety, satisfactory to Landlord, in its sole discretion, indemnifying Landlord, the Property and the Complex against any liability, costs and expenses, including, without limitation, attorneys' fees, which Landlord may incur as a result thereof. Provided such bond has been furnished, and after written notice to Landlord, Tenant may contest any such lien by appropriate proceedings conducted in good faith and with due diligence, at Tenant's sole cost and expense, if and only if such proceedings suspend the collection of any amount claimed from Landlord, Tenant, the Property and the Premises, and neither the Property, the Complex nor the Premises (or any part thereof) is or will be in danger of being sold, forfeited or lost.
LIENS AND INSOLVENCY. Tenant shall keep the Premises and the Building free from any liens arising out of any work performed, materials ordered or obligations incurred by Tenant. If Tenant becomes insolvent, voluntarily or involuntarily bankrupt, or if a receiver, assignee or other liquidating officer is appointed for the business of Tenant, then Tenant shall be deemed to be in default under the terms of this Lease and Landlord may, in addition to any other remedy provided in this Lease, terminate Tenant's right of possession under this Lease at Landlord's option and in no event shall the Lease or any rights or privileges hereunder be an asset of Tenant under any bankruptcy, insolvency or reorganization proceedings.
LIENS AND INSOLVENCY. Tenant shall keep the Premises, Building and Property free from any liens arising out of any work performed, materials ordered or obligations incurred by Tenant. Landlord shall have the right at all reasonable times to post on the Premises any notices which it deems necessary for its protection from such liens. If such liens are filed unless such liens are removed or bonded around to Landlord's satisfaction within fourteen (14) days of Landlord's notice to Tenant, Landlord may, without waiving its rights and remedies based on such breach by Tenant and without releasing Tenant from any of its obligations hereunder, cause such liens to be released by any means it shall deem proper, including payment in satisfaction of the claim giving rise to such lien. Tenant shall pay to Landlord on demand, any reasonable sum paid by Landlord to remove such liens, together with interest at the rate specified in Section 33.8.
