Common use of Tenant Default Clause in Contracts

Tenant Default. It shall be a default ("Event of Default") hereunder if (i) Tenant shall fail to pay any rent or any other sums of money within ten (10) business days after receipt of written notice that the same is due; (ii) Tenant shall fail to comply with any other provision of this Lease and after receipt of written notice, fail to promptly commence and thereafter continue with diligence to correct any default within thirty (30) days after written notice or the additional time, if any, that is reasonably necessary; (iii) the Premises shall be taken on execution or other process of law in any action against Tenant; (iv) Tenant shall become insolvent or unable to pay its debts as they become due, or Tenant notifies Landlord in writing that it anticipates either condition; (v) Tenant takes any action, or notifies Landlord in writing that Tenant intends, to file a petition under any section or chapter of the Bankruptcy Code as amended, or under any similar law or statute of the United States or any State thereof; or a petition shall be filed against Tenant under any such statute which is not dismissed within 60 days after the filing thereof; or (vi) a receiver or trustee shall be appointed for Tenant's leasehold interest in the Premises or for all or a substantial part of the assets of Tenant and not discharged within 60 days after the appointment of a receiver or trustee. On the occurrence of any Event of Default and after the applicable notice and cure period, and subject to terms and conditions provided herein, Landlord may;

Tenant Default. It If any one or more of the following events shall occur and be a default ("Event of Default") hereunder if continuing: (i) Tenant shall fail to pay the Rent or any rent part thereof or any other sums payment due from Tenant to Landlord hereunder shall at any time be past due in arrears and unpaid for a period of money within ten (10) business days after receipt of from the date Tenant has received written notice thereof from Landlord (provided that Landlord shall have no obligation to provide more than two (2) notices of such monetary default in any consecutive twelve (12) month period during the same is due; term of this Lease), or (ii) Tenant shall default in the performance of any of the other covenants and agreements of this Lease, except failure to maintain insurance coverage which shall be an immediate default, and shall fail to comply with any other provision of this Lease and after receipt of written notice, fail to promptly commence and thereafter continue with diligence to correct any remedy such default within thirty (30) days after Tenant has received written notice of such default from Landlord, or the additional timeif such default cannot with reasonable diligence be cured within thirty (30) days, if anyTenant shall fail to commence a remedy of such default within thirty (30) days, that is reasonably necessary; or (iii) Tenant shall make any assignment of substantially all of Tenant's assets for the Premises shall benefit of its creditors or be taken on execution adjudicated a bankrupt, or other process of law in any action against Tenant; (iv) Tenant shall become insolvent file an application in Federal District Court for the reorganization seeking a compromise or unable to pay settlement of its debts as they become dueindebtedness, or Tenant notifies Landlord in writing that it anticipates either condition; (v) the interest of Tenant takes any action, or notifies Landlord in writing that Tenant intends, to file a petition under any section or chapter of the Bankruptcy Code as amended, or under any similar law or statute of the United States or any State thereof; or a petition shall be filed against Tenant sold under any such statute which is not dismissed within 60 days after the filing thereof; execution or other legal process, or (vi) a receiver or trustee shall be is appointed for Tenant's leasehold interest in the Premises or for substantially all or a substantial part of the assets property of Tenant and shall not be discharged within 60 forty-five (45) days after the appointment of a receiver or trustee. On the occurrence of any Event of Default and after the applicable notice and cure periodsuch appointment, then, and subject to terms and conditions provided hereinin any one or more of such events, Landlord may;Landlord, at its option, may do any one or more or all of the following:

Tenant Default. It shall be If Tenant: a) is in default in payment of rents for a default ("Event period of Default") hereunder if (i) Tenant shall fail to pay any rent or any other sums of money within ten (10) business days after receipt of written notice that the same is due; days, or (iib) if Tenant shall fail to comply with default in the performance or observance of any other provision of this Lease the covenants, agreements, terms, provisions or conditions contained herein and after receipt of written notice, fail on its part to promptly commence be performed or observed and thereafter continue with diligence to correct any such default within continues for thirty (30) days after written notice from the Landlord specifying such default and after exhaustion of any applicable cure periods and Tenant is not diligently prosecuting the cure thereof, or (c) if any assignment shall be made by Tenant for the additional timebenefit of creditors, or Tenant becomes involved in any proceedings as a debtor under the bankruptcy laws of the United States in effect at the time of default, or (d) if any, that is reasonably necessary; (iii) the Premises Tenant's leasehold interest shall be taken on execution or other process of law execution, then and in any of such cases, Landlord and the agents and servants of Landlord lawfully may, in addition to and not in derogation of any remedies for any other breach of covenant, immediately or at any time thereafter and without prior demand or statutory notice to quit, commence an action against Tenant; of summary process to evict Tenant from the Demised Premises, without prejudice to any remedies which might otherwise be used for arrearages of rent or any other breaches of covenant. Notwithstanding the above, once during any 12 month interval, if Tenant does not pay monthly rent within such ten (iv10) day period, Landlord shall provide notice thereof and Tenant shall become insolvent or unable be permitted to pay its debts as they become duecure such nonpayment default within seven (7) days of such notice. Tenant hereby waives the statutory notice to quit, and Tenant covenants and agrees that in the case of such termination, or termination under statute by reason of default on Tenant's part, Tenant notifies Landlord in writing that it anticipates either condition; (v) Tenant takes any actionwill, or notifies Landlord in writing that Tenant intends, to file a petition under any section or chapter at the election of the Bankruptcy Code as amended, or under any similar law or statute of the United States or any State thereof; or a petition shall be filed against Tenant under any such statute which is not dismissed within 60 days after the filing thereof; or (vi) a receiver or trustee shall be appointed for Tenant's leasehold interest in the Premises or for all or a substantial part of the assets of Tenant and not discharged within 60 days after the appointment of a receiver or trustee. On the occurrence of any Event of Default and after the applicable notice and cure period, and subject to terms and conditions provided herein, Landlord may;Landlord:

Tenant Default. It Each of the following shall be a default (constitute an "Event of Default") hereunder if : (i) Tenant shall fail fails to pay any rent or any other sums of money Rent within ten five (105) business days after following receipt of written notice that the same such Rent is due; , (ii) Tenant shall fail fails to comply with observe or perform any other provision Lease term, condition, obligation or covenant binding upon, or required of this Lease and after receipt of written noticeTenant, fail to promptly commence and thereafter continue with diligence to correct any default within thirty (30) days after written notice or from Landlord, provided if the additional timenature of such default is such that the same cannot be reasonably cured within such thirty (30) day period, Tenant shall not be in default hereunder if anyTenant commences to cure such default within such thirty (30) day period, that is reasonably necessary; and diligently continues to cure and cures such default within a reasonable period thereafter, (iii) Tenant or any guarantor of this Lease makes or consents to a general assignment for the benefit of creditors or a common law composition of creditors, or a receiver of the Premises shall be taken on execution or other process all or substantially all of law in any action against Tenant; 's or guarantor's assets is appointed, (iv) Tenant shall become insolvent or unable to pay its debts as they become dueany guarantor files a voluntary petition in any bankruptcy or insolvency proceeding, or an involuntary petition in any bankruptcy or insolvency proceeding is filed against Tenant notifies Landlord in writing that it anticipates either condition; or any guarantor, and is not discharged by Tenant or the guarantor within sixty (60) days, or (v) Tenant takes any action, or notifies Landlord there is a Transfer (as defined in writing that Tenant intends, to file a petition under any section or chapter Article 13) of the Bankruptcy Code as amended, or under any similar law or statute of the United States or any State thereof; or a petition shall be filed against Tenant under any such statute which is not dismissed within 60 days after the filing thereof; or (vi) a receiver or trustee shall be appointed for Tenant's leasehold interest in the Premises or for all or a substantial part the Lease by Tenant, without the prior written consent of the assets of Tenant and not discharged within 60 days after the appointment of a receiver or trustee. On the occurrence of any Event of Default and after the applicable notice and cure period, and subject to terms and conditions provided herein, Landlord may;as required by Article 13.

Tenant Default. It In addition to any other event specified in this Lease as an event of default, the occurrence of any one or more of the following events during the Term shall be a constitute an event of default hereunder by Tenant ("each, an “Event of Default") hereunder if ”): (i1) Tenant shall fail fails to pay any rent or any other sums of money sum when due hereunder and such failure is not remedied within ten (10) business days after receipt of written notice that the same is duethereof from Landlord to Tenant; or (ii2) Tenant shall fail fails to comply with perform any of the other provision covenants, terms or conditions of this Lease and to be performed by Tenant (other than any monetary default), and, unless expressly provided elsewhere in this Lease, such default shall continue for thirty (30) days after receipt notice thereof from Landlord to Tenant, or, in the case of written noticea default which cannot with due diligence be cured within thirty (30) days, fail Tenant fails to commence such cure promptly commence within such thirty (30) day period and thereafter continue diligently prosecute such cure to completion; or (3) Tenant or Guarantor files a voluntary petition in bankruptcy or becomes insolvent within the meaning of any applicable bankruptcy code (the “Code”), or a petition is filed against Tenant or Guarantor under the Code and is not dismissed with diligence prejudice within sixty (60) days after filing, or Tenant files any petition or answer seeking reorganization or similar relief under any bankruptcy or other applicable law, or seeks or consents to correct the appointment of a receiver or other custodian for any substantial part of Tenant’s properties or any part of the Premises; or (4) Guarantor shall default beyond any applicable notice and/or grace period under the Guaranty; or (5) the Premises shall be effectively abandoned by Tenant for a period of ten (10) days; or (6) a lien or claim is filed against the Premises arising out of any work performed by or on behalf of Tenant and Tenant fails to discharge such lien or remedy such claim within thirty (30) days after written notice or the additional time, if any, that is reasonably necessary; (iii) the Premises shall be taken on execution or other process of law in any action against Tenant; (iv) Tenant shall become insolvent or unable to pay its debts as they become due, or Tenant notifies Landlord in writing that it anticipates either condition; (v) Tenant takes any action, or notifies Landlord in writing that Tenant intends, to file a petition under any section or chapter of the Bankruptcy Code as amended, or under any similar law or statute of the United States or any State thereof; or a petition shall be filed against Tenant under any such statute which is not dismissed within 60 days after the filing thereof; or (vi) a receiver or trustee shall be appointed for Tenant's leasehold interest in the Premises or for all or a substantial part of the assets of Tenant and not discharged within 60 days after the appointment of a receiver or trustee. On the occurrence of any Event of Default and after the applicable notice and cure period, and subject to terms and conditions provided herein, Landlord may;.