Events of Tenant Default. The following shall be considered events of default under this Agreement (each, a “Tenant Default”: a. Except as provided in Sections 9.1 (b), (c), (d) and (e), Tenant fails to perform any of the covenants or conditions herein contained on the part of Tenant, and such failure continues for thirty (30) days after written notice thereof is given to Tenant (except that such thirty (30)-day period shall be automatically extended for an additional period of time reasonably necessary to cure such failure if such failure cannot be cured within such thirty (30)-day period, and provided Tenant commences the process of curing such failure within said thirty (30)-day period and continuously and diligently pursues such cure to completion); b. a receiver is appointed to take possession of all, or substantially all, of Tenant’s assets, or Tenant makes an assignment for the benefit of creditors, or takes any action or suffers any action under any insolvency, bankruptcy, or reorganization act, or is otherwise insolvent;
Appears in 1 contract
Sources: Facilities Access Agreement
Events of Tenant Default. The following shall be considered events of default under this Agreement (each, a “Tenant Default”:
a. Except as provided in Sections 9.1 (b), (c), (d) and (e), Tenant fails to perform any of the covenants or conditions herein contained on the part of Tenant, and such failure continues for thirty (30) days after written notice thereof is given to Tenant (except that such thirty (30)-day period shall be automatically extended for an additional period of time reasonably necessary to cure such failure if such failure cannot be cured within such thirty (30)-day period, and provided Tenant ▇▇▇▇▇▇ commences the process of curing such failure within said thirty (30)-day period and continuously and diligently pursues such cure to completion);
b. a receiver is appointed to take possession of all, or substantially all, of Tenant’s assets, or Tenant ▇▇▇▇▇▇ makes an assignment for the benefit of creditors, or takes any action or suffers any action under any insolvency, bankruptcy, or reorganization act, or is otherwise insolvent;
Appears in 1 contract
Sources: Facilities Access Agreement
Events of Tenant Default. The following shall be considered events of default under this Agreement (each, a “Tenant Default”:
a. Except as provided in Sections 9.1 (b), (c), (d) and (e), Tenant fails to perform any of the covenants or conditions herein contained on the part of Tenant, and such failure continues for thirty (30) days after written notice thereof is given to Tenant (except that such thirty (30)-day period shall be automatically extended for an additional period of time reasonably necessary to cure such failure if such failure cannot be cured within such thirty (30)-day period, and provided Tenant ▇▇▇▇▇▇ commences the process of curing such failure within said thirty (30)-day period and continuously and diligently pursues such cure to completion);
b. a receiver is appointed to take possession of all, or substantially all, of Tenant’s assets, or Tenant ▇▇▇▇▇▇ makes an assignment for the benefit of creditors, or takes any action or suffers any action under any insolvency, bankruptcy, or reorganization act, or is otherwise insolvent;
c. Tenant’s failure to maintain and keep in force the insurance required under Section 6.2;
d. Tenant’s failure to cure interference issues within the time periods set forth in Article IV; and
e. Tenant’s non-payment of any monies due under this Agreement if such monetary amounts remain unpaid for more than ten (10) days after receipt of written notice from the Lessor of such failure to pay.
Appears in 1 contract
Sources: Facilities Access Agreement