Common use of Subsequent Liquidation or Petition Clause in Contracts

Subsequent Liquidation or Petition. If this Lease is assumed in accordance with Section 15.02 and thereafter Tenant is liquidated or files a petition for reorganization or adjustment of debts under Chapter 11 of the Bankruptcy Code, Landlord may, at its option, terminate this Lease and all rights of Tenant hereunder, by giving Tenant notice of its election so to terminate within 30 days after the occurrence of either of such events.

Appears in 2 contracts

Samples: Lease Agreement (Peloton Therapeutics, Inc.), Lease Agreement (Peloton Therapeutics, Inc.)

AutoNDA by SimpleDocs

Subsequent Liquidation or Petition. If this Lease is assumed in accordance with Section 15.02 14.2 and thereafter hereafter Tenant is liquidated or files a petition for reorganization or adjustment of debts under Chapter 11 of the Bankruptcy Code, Landlord may, at its option, terminate this Lease and all rights of Tenant hereunder, by giving Tenant notice of its election so to terminate within 30 days after the occurrence of either of such events.

Appears in 1 contract

Samples: Office Lease Agreement (Bionumerik Pharmaceuticals Inc)

Subsequent Liquidation or Petition. If this Lease is assumed in accordance with Section 15.02 14.2 and thereafter Tenant is liquidated or files a petition for reorganization or adjustment of debts under Chapter 11 of the Bankruptcy Code, Landlord may, at its option, terminate this Lease and all rights of Tenant hereunder, by giving Tenant notice of its election so to terminate within 30 days after the occurrence of either of such events.. Initial Initial

Appears in 1 contract

Samples: Office Lease Agreement (Worldport Communications Inc)

AutoNDA by SimpleDocs

Subsequent Liquidation or Petition. If In the event that this Lease is ---------------------------------- assumed in accordance with Section 15.02 20.02 and thereafter Tenant is liquidated or files a subsequent petition for reorganization or adjustment of debts under Chapter 11 of the Bankruptcy Code, Landlord may, at its option, terminate this Lease and all rights of Tenant hereunder, by giving Tenant notice of its election so to terminate within 30 thirty (30) days after the occurrence of either of such events.

Appears in 1 contract

Samples: Lease Agreement (Teltrust Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!