Common use of Waiver of Distress and Bankruptcy Clause in Contracts

Waiver of Distress and Bankruptcy. The Tenant waives the benefit of any present or future statute taking away or limiting the Landlord’s right of distress and covenants and agrees that notwithstanding any such statute none of the goods and chattels of the Tenant on the Premises at any time during the Term shall be exempt from levy by distress for Xxxx in arrears. The Tenant will not sell, dispose of, or remove any other fixtures, goods, or chattels of the Tenant from or out of the Premises during the Term without the consent of the Landlord, unless the Tenant is substituting new fixtures, goods, or chattels of equal value or is bona fide disposing of individual items which have become excess for the Tenant’s purposes; and the Tenant will be the Landlord or lessee of its fixtures, goods, and chattels and will not permit them to become subject to any lien, mortgage, charge, or encumbrance. The Tenant agrees that it will not, without the Landlords’ consent, repudiate or disclaim this Lease in any bankruptcy, insolvency, re-organization, or other proceeding or court application, and if required by the Landlord, waives in favour of the Landlord the benefit of s. 65.2 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3 as amended, and any provision of similar import.

Waiver of Distress and Bankruptcy. The Tenant waives the benefit of any present or future statute taking away or limiting the Landlord’s right of distress and covenants and agrees that that, notwithstanding any such statute statute, none of the goods and chattels of the Tenant on the Premises at any time during the Term shall will be exempt from levy by distress for Xxxx rent in arrearsarrears (except for all data, computer hard drives and paper files located on the Premises, which will be L a n d l o r d I n i t i a l s _ _ _ _ _ _ _ 1003357-4 115526615:v9 exempt from levy by distress). The Tenant will not sell, dispose of, or remove any other of the fixtures, goods, or chattels of the Tenant from or out of the Premises during the Term without the consent of the Landlord, unless the Tenant is substituting new fixtures, goods, or chattels of equal value or is bona fide disposing of individual items which that have become excess for the Tenant’s purposes; and the Tenant will be the Landlord or lessee of its fixtures, goods, and chattels and will not permit them to become subject to any lien, mortgage, charge, or encumbrance. The Tenant agrees that it will not, without the Landlords’ Landlord’s consent, repudiate resiliate or disclaim or attempt to resiliate or disclaim or seek any order to permit it to resiliate or disclaim this Lease in any bankruptcy, insolvency, re-organizationreorganization, or other proceeding or court application, and and, if required by the Landlord, waives in favour of the Landlord the benefit of s. 65.2 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3 as amended, and any provision of similar import.

Waiver of Distress and Bankruptcy. The Tenant Subtenant waives the benefit of any present or future statute taking away or limiting the LandlordCity’s right of distress and covenants and agrees that notwithstanding any such statute none of the goods and chattels of the Tenant Subtenant on the Premises or at any other location at any time during the Term shall be exempt from levy by distress for Xxxx rent in arrears. The Tenant Subtenant will not sell, dispose of, or remove any other of the fixtures, goods, or chattels of the Tenant Subtenant from or out of the Premises during the Term without the consent of the LandlordCity, unless the Tenant Subtenant is substituting new fixtures, goods, or chattels of equal value or is bona fide disposing of individual items which have become excess for the TenantSubtenant’s purposes; and the Tenant . The Subtenant will be the Landlord or lessee owner of its fixtures, goods, and chattels and will not permit them to become subject to any lien, mortgage, charge, or encumbranceencumbrances. The Tenant Subtenant agrees that it will not, without the Landlords’ City’s consent, repudiate or disclaim or attempt to repudiate or disclaim or seek any order to permit it to repudiate or disclaim this Lease Agreement in any bankruptcy, insolvency, re-organizationreorganization, or other proceeding or court application, and and, if required by the LandlordCity, waives in favour of the Landlord City the benefit of s. section 65.2 of the Bankruptcy and Insolvency ActAct (Canada), R.S.C. 1985, c. B-3 as amended, and any provision of similar import.

Waiver of Distress and Bankruptcy. The Tenant waives the benefit of any present or future statute taking away or limiting the Landlord’s 's right of distress and covenants and agrees that notwithstanding any such statute none of the goods and chattels of the Tenant on the Leased Premises at any time during the Term shall be exempt from levy by distress for Xxxx rent in arrears. The Tenant will not sell, dispose of, or remove any other of the fixtures, goods, or chattels of the Tenant from or out of the Leased Premises during the Term without the consent of the Landlord, unless the Tenant is substituting new fixtures, goods, or chattels of equal value or is bona fide disposing of individual items which have become excess for the Tenant’s 's purposes; and the Tenant will be the Landlord or lessee owner of its fixtures, goods, and chattels and will not permit them to become subject to any lien, mortgage, charge, or encumbrance. The Tenant agrees that it will not, without the Landlords’ Landlord's consent, repudiate or disclaim or attempt to repudiate or disclaim or seek any order to permit it to repudiate or disclaim this Lease in any bankruptcy, insolvency, re-organizationreorganization, or other proceeding or court application, and and, if required by the Landlord, waives in favour of the Landlord the benefit of s. 65.2 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3 as amended, and any provision of similar import.