Common use of Events of Lessee Default Clause in Contracts

Events of Lessee Default. Any of the following events shall constitute a “Lessee Default”: (a) StadCo or the Bills breaches any of the Franchise Maintenance Covenants or StadCo fails to enter into the Use Agreement; (b) StadCo defaults in the due and punctual payment of Rent, and such default continues for ten (10) days after written notice from ECSC; (c) StadCo breaches any of the other agreements, terms, covenants or conditions set forth in this Stadium Lease that StadCo is required to perform or observe, and such breach continues for a period of ninety (90) days after written notice from ECSC or the County to StadCo; (d) StadCo breaches any of the agreements, terms, covenants or conditions set forth in any Stadium Agreement that StadCo is required to perform or observe pursuant to the terms thereof and said breach continues beyond the greater of (a) any applicable notice and cure period provided for in such agreement and (b) ninety (90) days after written notice from ECSC or the County to StadCo; (e) This Stadium Lease or the Stadium Complex or any part of the Stadium Complex is taken upon execution or by other process of law directed against StadCo, or are taken upon or subject to any attachment by any creditor of StadCo or claimant against StadCo, and said attachment is not discharged or disposed of within ninety (90) days after its levy; (f) StadCo or Guarantor files a petition in bankruptcy or insolvency or for reorganization or arrangement under the bankruptcy laws of the United States or under any insolvency act of any state, or admit the material allegations of any such petition by answer or otherwise, or are dissolved or make an assignment for the benefit of creditors; or (g) Involuntary Proceedings under any such bankruptcy law or insolvency act or for the dissolution of StadCo or Guarantor are instituted against StadCo or Guarantor, as applicable, or a receiver or trustee is appointed for any material portion of the property of StadCo or Guarantor, and such Proceeding is not dismissed or such receivership or trusteeship vacated within ninety (90) days after such institution or appointment.