Common use of CANCELLATION BY LESSOR Clause in Contracts

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. 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 fifteen (1015) 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. 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 pan of the amounts agreed upon hereunder for a period of ten (10IO) 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, forcibly if necessary, 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 re-enter 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.