Common use of Default by Tenant/Landlord’s Remedies Clause in Contracts

Default by Tenant/Landlord’s Remedies. 13.1 Events of Default. The following events (individually, an "Event of Default," and collectively, "Events of Default") constitute defaults under this Lease: (a) Failure of Tenant to pay when due an installment of the rent or any other amount payable to Landlord hereunder. (b) Failure of Tenant to comply with any term, condition or covenant of this Lease. (c) Insolvency of, or the making of a transfer in fraud of creditors or a general assignment for the refit of creditors by, Tenant or a Guarantor of Tenant's obligations under this Lease. (d) Filing of a petition under any section or chapter of the United States Bankruptcy Code, as needed. or under any similar law or statute of the United States or any State thereof, by Tenant or by a guarantor of Tenant's obligations under this Lease, or entry of an order for relief in a bankruptcy proceeding against Tenant or a Guarantor. (e) Appointment of a receiver, trustee or liquidator of Tenant or of a Guarantor or for alt or substantially all of the assets of Tenant or of a Guarantor of Tenant's obligations under this Lease. (f) Abandonment by Tenant of any substantial portion of the Premises or cessation of use of the remises for the purpose leased.

Default by Tenant/Landlord’s Remedies. 13.1 Events of Default. The following events (individually, an "Event of Default," and collectively, "Events of Default") constitute defaults under this Lease: (a) Failure of Tenant to pay when due an installment of the rent or any other amount payable to Landlord hereunder. (b) Failure of Tenant to comply with any term, condition or covenant of this Lease. (c) Insolvency of, or the making of a transfer in fraud of creditors or a general assignment for the refit benefit of creditors by, by Tenant or a Guarantor of Tenant's obligations under this Lease. (d) Filing of a petition under any section or chapter of the United States Bankruptcy Code, as needed. amended, or under any similar law or statute of the United States or any State thereof, by Tenant or by a guarantor Guarantor of Tenant's obligations under this Lease, or entry of an order for relief in a bankruptcy proceeding against Tenant or a Guarantor. (e) Appointment of a receiver, trustee or liquidator of Tenant or of a Guarantor or for alt all or substantially all of the assets of Tenant or of a Guarantor of Tenant's obligations under this Lease. (f) Abandonment by Tenant of any substantial portion of the Premises or cessation of use of the remises Premises for the purpose leased. (g) Assignment of Tenant's interest in this Lease by operation of law.