Common use of Breach by the Sub Clause in Contracts

Breach by the Sub. lessee (i) the Sub-lessee is an adjudicated bankrupt; (ii) the Sub-lessee breaches any of the terms and conditions of this Agreement (including but not limited to the Sub-lessee’s representations and warranties) or fails to perform or observe any undertaking, obligation or agreement expressed or implied in this Agreement; (iii) a breach or default by the Sub-lessee of any covenant or other term or condition contained in the Sub-lease Agreement and shall, at the option of the Management Company, be considered a default in this Agreement, and Provided That the Management Company shall have complied with the terms and conditions of this Agreement, the Management Company shall be entitled at its discretion to elect any of the following and in any such cases as elected by the Management Company:- (aa) to seek remedy of specific performance and all other relief against the Sub-lessee; and/or