RESOLUTORY CLAUSE. It is expressly agreed that:
RESOLUTORY CLAUSE. In case of an Event of Default by Lessee as provided above, without the latter remedying said breach within 15 calendar days after the Lessor notifies him thereof, will bring into effect this resolutory clause or express termination pact (the “Resolutory Clause”), where Lessor will notify the Lessee, either judicially or extrajudicially, before a notary public or before two witnesses, personally in the Leased Property, invoking the particular causes of breach that gave cause to the aforementioned Resolutory Clause, and determining the place of deposit of the personal property of the Lessee that are located in the Leased Property, according to the provisions of articles 2306, fraction VI and 0000 XXX I, fractions I, II and IV of the Civil Code of the State of Nuevo Xxxx (“CCNL”), and in turn, the Lessee is obliged and subject to comply with the Resolutory Clause when applicable, in accordance with article 2319. section IV of said CCNL. Additionally, the Lessee in this act appoints Xxxxxxx Xxxx Xxxxxxx as irrevocable representative, to whom it will deliver the physical possession of the Leased Property, in accordance with article 2384, second paragraph of said CCNL. if applicable. The materialization of the Resolutory Clause, will conclude the Lease and the possession of the Lessee automatically, without need of any judicial declaration, in the fixed date, and without the need of eviction. Once the 15-calendar-day period referred to above has elapsed without the Lessee remediating its breach, the Lessor, in order to proceed with the Resolutory Clause, will notify Lessee the corresponding resolution before a notary public, in turn, granting a term of 5 natural days to the Lessee for the same to vacate and deliver possession of the Leased Property, in accordance with article 2384 BIS II of the CCNL. The Lessor may request the judicial authority to attach the property of the Lessee as collateral, in order to guarantee Lessee’s compliance of its obligations. In the event of a dispute between the Parties regarding the materialization of the Resolutory Clause. any of the Parties may appear before a competent judge, in order for it to verify whether the elements are actually met to require the termination of the Contract to the Lessee due to the Event of Default, and in the event that the Resolutory Clause is determined to proceed, the judge will impose on the Lessee the payment of damages. in accordance with article 2384 BIS of the CCNL. The foregoing is independe...
RESOLUTORY CLAUSE. Should Lessee fail to pay any of the charges and comply with the conditions of the lease or to pay on the due date even a single rent, partially or in full, or should it fail to pay rent incidentals, the amount of the penalty clause, the amount of the occupancy indemnity, all overdue amounts arising from a court decision, especially by revision or renewal, including court established interest on these additions to overdue rent, all other contractual interest, additions to the security deposit and, in general, should it fail to pay any amounts owed by application hereof, the lease will be cancelled ipso jure and without any judicial formality one month after a notice to pay or a summation to pay which remains without effect during this term, containing Lessor's declaration of intent to use the benefit of this clause. In all events, should Lessee refuse to leave the premises, although the lease is cancelled ipso jure, its eviction may be ordered by simple order or referral rendered by the President of the Court of First Instance which will be executory provisionally based on the original judgment.
RESOLUTORY CLAUSE. It is expressly agreed, as an essential term hereof, that failing payment of a single instalment of rent or of charges or non-performance of a single clause of the lease and one month after an order to pay or a formal notice to perform, containing a statement by the Lessor of its intention to avail itself of the benefit of this provision, issued by extrajudicial act and that has continued to be fruitless, this lease shall be terminated as of right if the Lessor sees fit, without the latter having to complete any formality. If in this event the Lessee was to refuse to quit the premises, it would suffice, in order to force it to do so, for there to be an order issued by the President of the Tribunal de Grande Instance in the judicial district of which are located the premises that are the subject of the lease, ruling in the form of urgent summary proceedings, which shall expressly receive jurisdiction under the terms hereof.
RESOLUTORY CLAUSE. TERASUM may terminate the Mandate unilaterally at any time in the event of a serious breach by the Principal, in accordance with the conditions set out below. The following shall constitute a serious breach by the Principal ▪ The fact of knowingly making inaccurate or incomplete statements as to his identity, his capacity to validly conclude this Mandate, the origin of the Digital Assets and/or as to the information relevant to the determination of the Risk Profile; ▪ Entrusting to TERASUM, by including them in a Contribution, digital assets of which it is not the valid owner, or, in the case where the ownership of these digital assets is shared between the Principal and third parties, without the written authorization of all of said third parties; ▪ Failure to pay an invoice within 15 days of an unsuccessful formal notice, as stipulated in Article 7.2; ▪ Accessing or attempting to access the Management Sub-account and/or carrying out operations on the Digital Assets, personally or through an intermediary not expressly authorised by XXXXXXX ; ▪ Changing the private key that allows TERASUM to access the Management Sub-account and carry out Management Operations, thus preventing the proper management; ▪ Using or attempting to use the TERASUM management service for money laundering purposes, it being recalled that XXXXXXX may carry out any useful checks in this regard in accordance with Article 5.5 above. In the event of a serious breach by the Principal in the sense of the above, TERASUM, to terminate the Mandate, will send the Principal a written notification (if necessary by e-mail) setting out the breach(s) detected and its desire to terminate the Mandate. The termination will be acquired by right, without any additional formality being required, immediately on receipt of the notification. The Management End Date will then correspond to the date and time of receipt of the notification. Termination in the sense of this article shall be effective only for the future. The Management Fee accrued to TERASUM at the date of acquisition of the termination will be payable as stipulated in Article 7.2 above, and will not be subject to any refund.
RESOLUTORY CLAUSE. It is expressly agreed that in the absence of payment of only one term of rent plus incidentals at its term, or in the absence of the fulfillment of one of the conditions of the lease, in particular those set forth in Article 5, one month after issuing a simple order to pay or summons of enforcement as notification to the Lessee, and having resulted without effect, this lease shall be cancelled automatically if the Lessor so deems, without the necessity of recording this cancellation legally. In the event the Lessee refuses to vacate the premises, his eviction shall take place without delay, upon receipt of the simple ordinance of summary procedure rendered by the competent President of the Supreme Court and enforceable by provision notwithstanding appeal. In such case, the Lessor reserves the right to payment of the current rent due and reimbursement by the Lessee of all expenses incurred.
