Common use of Tenant Bankruptcy Clause in Contracts

Tenant Bankruptcy. If an order for relief is entered or if a stay of proceeding or other acts become effective in favor of Tenant or Tenant’s interest in this Lease in any proceeding which is commenced by or against Tenant under the present or any future federal bankruptcy code or any other present or future applicable federal, state or other statute or law, Landlord shall be entitled to invoke any and all rights and remedies available to it under such bankruptcy code, statute, law or this Lease, including, without limitation, such rights and remedies as may be necessary to protect adequately Landlord’s right, title and interest in and to the Premises or any part thereof and to assure adequately the complete and continuous future performance of Tenant’s obligations under this Lease. Adequate protection of Landlord’s right, title and interest in and to the Premises, and adequate assurance of the complete and continuous future performance of Tenant’s obligations under this Lease, shall include, without limitation, the following requirements:

Appears in 3 contracts

Samples: Head Lease Agreement (Seneca Gaming Corp), Head Lease Agreement (Seneca Gaming Corp), Head Lease Agreement (Seneca Gaming Corp)

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Tenant Bankruptcy. If an order for relief is entered or if a stay of proceeding or other acts become effective in favor of Tenant or Tenant’s 's interest in this Lease in any proceeding which is commenced by or against Tenant under the present or any future federal bankruptcy code or any other present or future applicable federal, state or other statute or law, Landlord shall be entitled to invoke any and all rights and remedies available to it under such bankruptcy code, statute, law or this Lease, including, without limitation, such rights and remedies as may be necessary to protect adequately Landlord’s 's right, title and interest in and to the Premises or any part thereof and to assure adequately the complete and continuous future performance of Tenant’s 's obligations under this Lease. Adequate protection of Landlord’s 's right, title and interest in and to the Premises, and adequate assurance of the complete and continuous future performance of Tenant’s 's obligations under this Lease, shall include, without limitation, the following requirements:

Appears in 1 contract

Samples: Seneca Erie Gaming Corp

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