Res 1986-087 - Laserfiche WebLink

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-6- be released from anCt relieveCt of all further obligations thereafter to accrue hereunder. 12. Default. If Lessee fails to pay any rental or other payment due hereunCter or upon his failure to perform any other of the terms of this lease to be Observed or performed by Lessee on his part to be observed or performed, or J.f Lessee shall become a bankrupt, or insolvent, or fJ.le any debt or proceedings, or take or have taken against Lessee in any court pursuant to any statute either of the United States or of the State of Texas a petition in bankruptcy or insolvency or for reorganization or for the appointment of a receiver or trustee for aL1. or a portion of Lessee's property, or J.f Lessee makes an assignment for the benefit of creditors, or petJ.tions for or enters into an arrangement, or suffers thJ.s lease to be taken under any writ of execution or attachment, or if thJ.s lease shal~ disso~ve or pass by law or otherwise to one other than Lessee except as herein provJ.ded, then, in any one or more such events, upon Lessor serving written thirty (30) days notice of cancellation upon Lessee specifying the nature of said default, and if, at the expiratJ.on of said thirty (30) days, Lessee shall have failed to comply with or remedy such default, then this lease and the term thereunà.er, shall, at the option of Lessor, terminate and come to an ena on the aate specifJ.ed J.n such notice of cancellation, ana Lessee sha~l quit anCt surrender the demised premJ.ses to Lessor as if the term hereunaer ended by the expJ.ration of the time fixed herein, ana Lessee shal~ remain liable for any unpaia rent and all other charges up to the date of termination. If Lessor shall be J.n default in performing any of the terms or provisJ.ons of this lease required on J.ts part to be performed, and Lessee shall gJ.ve Lessor notice in writing of such Ctefault, ana if the Lessor shall fail to cure such à.efault within thirty (30) days after service of such notice, then and J.n such event, thJ.s lease shall be terminatea ana cancelled.