Common use of Termination For Default By Company Clause in Contracts

Termination For Default By Company. Subject to the lender protection provisions of Section 2.18, if default is made by Company as described in Section 2.14.1 hereinabove, and such default is not cured as provided in Sections 2.14.1 and 2.14.2, Lessor shall provide Company with an additional written notice thereof and if such failure to cure continues for an additional period of sixth (60) days. Lessor shall be entitled to pursue any and all rights and remedies which it may have under this Agreement or at law or in equity, including, without limitation, the right to terminate this Agreement. All of such rights and remedies shall be cumulative and not alternative. 2.14.3.1 If Lessor elects to terminate this Agreement, it will in no way prejudice the right of action for rental arrearages owed by Company. 2.14.3.2 Redelivery and disposal of improvements will be as described in Section 2.17, entitled SURRENDER AT END OF TERM.