Common use of GROUNDS FOR EVICTION Clause in Contracts

GROUNDS FOR EVICTION. Without adversely affecting and/or derogating from any other provision in this Lease, the Lessor shall be entitled to immediately terminate the contractual relationship and the tenancy forming the subject matter hereof, and to demand that the Lessee vacate the Object of the Lease immediately in any one of the following events: 13.1 Where the Lessee is in arrears of more than 30 days in the payment of any sum whatsoever which is due to the Lessor pursuant to the provisions hereof, and pursuant to any law and such breach has not been rectified within 30 days of the date of receiving a warning in writing from the Lessor. 13.2 Where a receiver (temporary or permanent) or a receiver and administrator (temporary or permanent) or a liquidator (temporary or permanent) is appointed over the business and/or property of the Lessee or any part thereof and such appointment is not cancelled within 90 days. 13.3 Where the Lessee adopts a resolution for liquidation or where a liquidation order is issued against it and such order is not cancelled within 90 days, or where the Lessee makes a compromise and/or settlement (as such terms are defined in the Companies Ordinance) with its creditors or any of its creditors. 13.4 Where a temporary attachment or a final attachment is imposed upon all the Lessee's assets and such attachment is not cancelled within 90 days. 13.5 Where the Lessee breaches the provisions of Section 8 above and grants another party the right of use or any other right whatsoever in the Object of the Lease, or in any part thereof and such breach is not rectified within 30 days of the date the Lessor has sent a warning letter by registered mail. It is hereby clarified that the termination of the contractual relationship and the Lessee's eviction under the aforesaid circumstances, shall not cause the lapse of and shall not derogate from the Lessee's duty to fulfill all its financial obligations hereunder throughout the entire Term of the Tenancy.

Appears in 2 contracts

Sources: Lease Agreement, Lease Agreement (Protalix BioTherapeutics, Inc.)

GROUNDS FOR EVICTION. Without adversely affecting derogating and/or derogating detracting from any other provision in this Leaseherein contained, upon the occurrence of any of the following events, the Lessor shall will be entitled to immediately terminate the contractual relationship engagement and the tenancy forming the subject matter hereofLease under this Contract, and to demand that the Lessee vacate the Object immediate vacation of the Lease immediately in any one of Premises by the following eventsLessee: 13.1 Where If the Lessee is in arrears of for more than 30 14 days in the payment of any sum whatsoever which is amount that has fallen due to the Lessor pursuant according to the provisions hereof, and pursuant to under any law law, and such the breach has not been rectified cured within 30 5 days of the date of receiving a warning in writing written notice from the Lessor.Lessor to do so; 13.2 Where If a receiver (whether temporary or permanent) is appointed or receiver and manager (whether temporary or permanent) or a receiver and administrator (temporary or permanent) or a liquidator (temporary or permanent) is appointed over for the Lessee’s business and/or or property of the Lessee or any part thereof and such appointment is will not cancelled be vacated within 90 60 days.; 13.3 Where If the Lessee adopts passes a resolution for liquidation dissolution or where a liquidation if any dissolution order is issued against it and such order is not cancelled vacated within 90 days, 60 days or where if the Lessee makes reaches a compromise and/or settlement or arrangement (as such terms are defined in within the meaning of the Companies Ordinance) with its creditors or any of its creditors.them; 13.4 Where a temporary attachment or a If any final attachment is imposed upon over all the assets of the Lessee's assets and such attachment is not cancelled within 90 days.; 13.5 Where If the Lessee breaches is in breach of any of the provisions of Section contained in clause 8 above and grants another party to any other person the right of use or any other right whatsoever in the Object of the Lease, Premises or in any part thereof and such breach is will not rectified have been cured within 30 5 days of the date the Lessor has sent a warning letter despatch of notice in writing by registered mailmail by the Lessor. It is hereby clarified that the termination of the contractual relationship engagement and eviction of the Lessee's eviction under Lessee in the aforesaid circumstances, shall circumstances mentioned above will not cause terminate or detract from any obligation of the lapse Lessee to fulfil all of and shall not derogate from the Lessee's duty to fulfill all its financial obligations hereunder throughout under this Contract, for the entire Term duration of the TenancyLease Term.

Appears in 1 contract

Sources: Lease Contract (Orthodontix Inc)