Prior to Commencement Date. If at anytime prior to the -------------------------- Commencement Date there shall be filed against Tenant by any third party in any court pursuant to any statute either of the United States or of any state a petition In bankruptcy or insolvency or for reorganization or for the appointment of a receiver or trustee or conservator of all or a portion of Tenant's property which is not dismissed within sixty (60) days, this Lease shall ipso facto be canceled and terminated, and in such event, neither Tenant ---- ----- nor any person claiming through or under Tenant or by virtue of any statute or of an order of any court, shall be entitled to possession of the Leased Premises, and Landlord in addition to exercising the other rights and remedies provided in this Lease or in any statute or rule of law, may retain as damages any Rent, Security Deposit or moneys received by it from Tenant or others on behalf of Tenant. If at any time prior to the Commencement Date there shall be filed by Tenant in any court pursuant to any statute either of the United States or of any state a petition in bankruptcy or insolvency or for reorganization or for the appointment of a receiver or trustee or conservator of all or a portion of Tenant's property or if Tenant makes an assignment for the benefit of creditors, this Lease shall ipso facto be canceled and terminated, and in such ---- ----- event, neither Tenant nor any person claiming through or under Tenant or by virtue of any statute or of an order of any court, shall be entitled to possession of the Leased Premises, and Landlord, in addition to exercising the other rights and remedies provided in this Lease or in any statute or rule of law, may retain as damages any Rent, Security Deposit or moneys received by it from Tenant or others on behalf of Tenant.
Appears in 1 contract
Sources: Lease Agreement (Inflow Inc)
Prior to Commencement Date. If at anytime any time prior to the -------------------------- Commencement Date there shall be filed against Tenant by any third party in any court pursuant to any statute either of the United States or of any state a petition In in bankruptcy or insolvency or for reorganization or for the appointment of a receiver or trustee or conservator of all or a portion of Tenant's property which is not dismissed within sixty (60) days, this Lease shall ipso facto be canceled and terminated, and in such event, neither Tenant ---- ----- nor any person claiming through or under Tenant or by virtue of any statute or of an order of any court, shall be entitled to possession of the Leased Premises, and Landlord Landlord, in addition to exercising the other rights and remedies provided in this Lease or in any statute or rule of law, may retain as damages any Rent, Security Deposit or moneys received by it from Tenant or others on behalf of Tenant. If at any time prior to the Commencement Date there shall be filed by Tenant in any court pursuant to any statute either of the United States or of any state a petition in bankruptcy or insolvency or for reorganization or for the appointment of a receiver or trustee or conservator of all or a portion of Tenant's property or if Tenant makes an assignment for the benefit of creditors, this Lease shall ipso facto be canceled and terminated, and in such ---- ----- event, neither Tenant nor any person claiming through or under Tenant or by virtue of any statute or of an order of any court, shall be entitled to possession of the Leased Premises, and Landlord, in addition to exercising the other rights and remedies provided in this Lease or in any statute or rule of law, may retain as damages any Rent, Security Deposit or moneys received by it from Tenant or others on behalf of Tenant.
Appears in 1 contract
Sources: Lease Agreement (Inflow Inc)