Common use of Default Clause Clause in Contracts

Default Clause. If Tenant defaults for 3 days after written notice thereof in paying said rent; or if Tenant defaults for 30 days after written notice thereof in performing any other or his obligations hereunder; or if Tenant is adjudicated a bankrupt, or if a permanent receiver is appointed for Tenant's property, including Tenant's interest in Premises, and such receiver is not removed within 60 days after written notice from Landlord to Tenant to obtain such removal; or if, whether voluntarily or involuntarily, Tenant takes advantage of any debtor relief proceedings under any present or future law, whereby the rent or any part thereof is, or is proposed to be, reduced or payment thereof deferred; or if Tenant makes an assignment for benefit of creditors; or if Premises or Tenant's effects or interest therein should be levied upon or attached under process against Tenant, not satisfied or dissolved within 30 days after written notice from Landlord to Tenant to obtain satisfaction thereof, then, and in any of the said events, Landlord at his option may at once, or anytime thereafter (but only during continuance of such default or condition) terminate this Lease by written notice to Tenant; whereupon this Lease shall end. After an authorized assignment of subletting, the occurring of any of the foregoing defaults or events shall effect this Lease only if caused by or happening to the assignee or sublessee. Upon such termination by Landlord, Tenant will at once surrender possession of Premises to Landlord and remove all of Tenant's effects therefrom; and Landlord may forthwith re-enter the Premises and repossess himself thereof, and remove all persons and effects therefrom, using such forces as may be necessary without being guilty of trespass, forcible entry or detainer of other tort.

Appears in 1 contract

Sources: Lease Agreement (College Television Network Inc)

Default Clause. If Tenant defaults for 3 rent is not paid within five (5) days after written the date same is due (no demand for rent or notice thereof in paying said rentto Pay being required); or if Tenant defaults for 30 thirty (30) days after written notice thereof in performing any other or his of Tenant's obligations hereunder; or if Tenant is adjudicated a as bankrupt, ; or if a permanent receiver is appointed for Tenant's property, including Tenant's interest in Premises, and such receiver is not removed within 60 sixty (60) days after written notice from Landlord to Tenant to obtain such removal; or if, whether voluntarily or involuntarily, Tenant takes advantage of any debtor relief proceedings under any present or future law, whereby the rent or any part thereof is, or is proposed to be, reduced reduces or payment thereof deferred; or if Tenant makes an assignment for benefit of creditors; or of if Premises or Tenant's effects or interest therein should be levied upon or attached under process against Tenant, not satisfied or dissolved within 30 thirty (30) days after written notice from Landlord to Tenant to obtain satisfaction thereof, ; then, and in any of the said events, Landlord at his its option may at once, or anytime within six (6) months thereafter (but only during continuance of such default or condition) terminate this Lease by written notice to Tenant; whereupon this Lease shall end. After an authorized assignment of subletting, or subletting the occurring of any of the foregoing defaults or events shall effect affect this Lease only if caused by or happening to the assignee or sublessee. Upon such termination by Landlord, Tenant will at once surrender possession of Premises to Landlord and remove all of Tenant's effects therefrom; and Landlord may forthwith re-enter the Premises and repossess himself thereof, and remove all persons and effects therefrom, using such forces force as may be necessary without being guilty of trespass, forcible entry or detainer of or other tort.

Appears in 1 contract

Sources: Office Space Lease (Global E Tutor Inc)