CANCELLATION BY LESSOR Clause Samples
CANCELLATION BY LESSOR. The Lessor, in addition to any other rights to which it may be entitled by law or equity, may cancel this Agreement as set forth herein. In the event that Lessee shall file a voluntary petition in bankruptcy or that proceedings in bankruptcy shall be instituted against it and Lessee is thereafter adjudicated bankrupt pursuant to such proceedings; or that the court shall take jurisdiction of Lessee and its assets pursuant to proceedings brought under the provisions of any Federal reorganization act; or that a receiver of Lessee's assets shall be appointed; or that Lessee shall be divested of its estate herein by other operation of law; or that Lessee shall fail to perform, keep and observe any of the terms, covenants or conditions herein contained on the part of Lessee to be performed, kept or observed, Lessor may give Lessee written notice to correct such condition or cure such default, and if any such condition or default shall continue for sixty (60) days after receipt of such notice by Lessee, Lessor may terminate this lease and the term hereof shall cease and expire at the end of such sixty (60) days in the same manner and to the same effect as if it were the expiration of the original term, unless such condition or default cannot reasonably be corrected within the 60 day period and Lessee has demonstrated due diligence with respect to curing said default, then such default will be treated as cured until cured. Acceptance of rental by Lessor for any period or periods after a default of any of the terms, covenants and conditions herein contained to be performed, kept and observed by Lessee shall not be deemed a waiver of any other right on the part of Lessor to cancel this lease for failure by Lessee so to perform, keep and observe any of the terms, covenants or conditions hereof to be performed, kept and observed. No waiver of default by Lessor of any of the terms, covenants or conditions hereof to be performed, kept and observed by Lessee, shall be construed to be or act as a waiver of any subsequent default of any of the terms, covenants or conditions herein contained to be performed, kept and observed by Lessee.
CANCELLATION BY LESSOR. Lessor reserves the right to cancel any order, for any reason, at any time before delivery occurs.
CANCELLATION BY LESSOR. The Lessor may cancel the contract only if the glider is in unairworthy condition due to an accident of previous charterers, or there is any sign that the Lessee makes false statements in the contract, and the Lessee is unreliable. In this case, the Lessor will refund all payments for the Lessee.
CANCELLATION BY LESSOR. Lessor may cancel this Agreement and terminate all of its obligations hereunder at any time that it is not in default upon or after the happening of any of the following events:
(a) Airline shall file a voluntary petition in bankruptcy; or
(b) Proceedings in bankruptcy shall be instituted against Airline and Airline is hereafter adjudicated bankrupt pursuant to such proceedings; or
(c) A court shall take jurisdiction of Airline and its assets pursuant to proceedings brought under the provisions of any Federal reorganization act; or
(d) A receiver of Airline's assets shall be appointed; or
(e) Airline shall be lawfully divested of, or prevented by any final action of any cognizant Federal, or State Authority, from conducting and operating its Air Carrier Service at the Airport; or
(f) Airline voluntarily abandons its conduct of its Air Carrier Service at the Airport for a period of thirty days, except if such is due to a labor strike, or labor dispute, in which Airline is involved; or
(g) Any assignment is made by Airline for the benefit of its creditors; or
(h) The material default by Airline of any of the covenants or agreements herein contained and the failure of Airline to remedy such default as hereinafter provided. In the event of such material default Lessor may give Airline notice in writing to correct such default and if such default shall continue for sixty days after the receipt of such notice by Airline (except where fulfillment of its obligation requires activity over a period of time and Airline shall commence to perform whatever may be required for the fulfillment within forty-five days after the receipt of notice and continues such performance without interruption, except for causes beyond its control), Lessor may, after the lapse of said sixty day period, cancel this Agreement, without forfeiture, waiver, or release of Lessor's rights to any sum of money due under the provisions of this Agreement.
CANCELLATION BY LESSOR. If LESSOR cancels this AGREEMENT due to building damage, weather, Acts of God, or for any other reason, LESSOR shall promptly refund to the LESSEE all monies paid, and neither party shall have any further responsibility or liability to the other party under this AGREEMENT. All church activities will be granted priority in scheduling.
CANCELLATION BY LESSOR. 1) This Lease shall be subject to cancellation by Lessor in the event Lessee shall:
a) Be in arrears in the payment of the whole or any part of the amounts agreed upon hereunder for a period of ten (10) days after payment is due.
b) File a voluntary petition of bankruptcy.
c) Make a general assignment for the benefit of creditors.
d) Default in the performance of any of the covenants and conditions required herein (except rental payments) to be kept and performed by Lessee, and such default continues for a period of thirty (30) days after written notice from Lessor of said default.
2) In the event of termination because of the happening of any of the aforesaid events, Lessor may take immediate possession of the premises and remove Lessee's effects, without being deemed guilty of trespassing. Upon said entry, this Lease shall terminate.
3) It is agreed that failure of Lessor to declare this Lease terminated or to reenter and take possession upon the default of Lessee for any of the reasons set out shall not operate to bar or destroy the right of Lessor to declare this Lease null and void by reason of any subsequent violation of the terms of this Lease.
CANCELLATION BY LESSOR. Contracted reservations are not subject to cancellation except in the event of ▇▇▇▇▇▇’s failure to comply with the terms of this Agreement.
CANCELLATION BY LESSOR. This Lease shall be subject to cancellation by Lessor in the event that Lessee shall:
1. Fail to pay Lessor the whole or any part of the amounts due hereunder for a period of ten (10) days after the date such payments become due; or
2. File a voluntary petition in bankruptcy; or
3. Make a general assignment for the benefit of creditors; or
4. Have a Receiver appointed for it by a court of competent jurisdiction; or
5. Abandon or vacate the Premises; or
6. Discontinue Commercial Aviation Activities as set forth in Article III, Paragraph B for a period of more than thirty (30) days (in the aggregate) in any period of twelve (12) consecutive months; or
7. Fail to perform any of the other covenants and/or conditions required herein (except rental payments) to be kept and performed by Lessee, and the lack of cure thereof for a period of thirty (30) days after receipt of written notice from Lessor of said failure. In any of aforesaid events, Lessor may take immediate possession of the demised premises and remove Lessee’s effects, without being deemed guilty of trespass. Upon written notice of termination provided by Lessor in accordance herewith or upon vacation by Lessee and re-entry by Lessor, this Lease shall terminate. Any rental due hereunder shall be payable to said date of termination or to said date of vacation of the Premises and re-entry by Lessor, whichever event occurs later in time. Failure of Lessor to declare this lease terminated upon the breach by Lessee for any of the reasons set out shall not operate as a waiver of Lessor’s right to declare this lease terminated by reason of such breach or any subsequent violation of the terms of this lease.
CANCELLATION BY LESSOR. Lessor may cancel this Agreement by giving Lessee sixty (60) days advance written notice to be served as hereinafter provided, upon or after the happening of any one of the following events:
(a) The filing by Lessee of a voluntary petition in bankruptcy;
(b) The institution of proceedings in bankruptcy against Lessee and the adjudication of Lessee as a bankrupt pursuant to such proceedings if such adjudication shall remain unvacated or unstayed for a period of at least sixty (60) days;
(c) The taking by a court of competent jurisdiction of Lessee and its assets pursuant to proceedings brought under the provisions of any Federal reorganization act if the judgment of such court shall remain unvacated or unstayed for a period of at least sixty (60) days;
(d) The appointment of a receiver of Lessee's assets if such appointment by a court of competent jurisdiction shall remain unvacated or unstayed for a period of at least sixty (60) days;
(e) The divestiture of Lessee's estate herein by other operation of law;
(f) The abandonment by Lessee of its conduct of Air Transportation at the Airport;
(g) If the Lessee shall be prevented for a period of sixty (60) days (after exhausting or abandoning all appeals) by any action of any governmental authority, board, agency or officer having jurisdiction thereof from conducting Air Transportation at the Airport unless it is so prevented from conducting Air Transportation, either (1) by reason of the United States or any agency thereof acting directly or indirectly, taking possession of and operating, in whole or in substantial part, the premises and space leased or operated by the Lessee, or premises required for the actual operation of Lessee's aircraft to and from the Airport, or (2) if all or a substantial part of the premises and space leased by the Lessee shall be acquired in the manner described in Article XXIV hereof;
CANCELLATION BY LESSOR. In the event that Lessor requires the space contained in the Demised Premises for the purpose of expanding its business operation or the business operation of any affiliated company of Lessor or partnership in which Lessor is a partner, then Lessor shall have, at any time after the expiration of the primary term hereof, the option to terminate the remaining primary term of the Lease or any renewal period as the case may be, by providing Lessee with one (1) year prior written notice of Lessor’s election to do so.