Res 1986-114 - Laserfiche WebLink

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-8- award, to claim from the condemnor, but not from Lessor, such compensation as may be recoverable by Lessee in its own right for damage to Lessee's business and fixtures. 14. De faul t. If Lessee fails to pay any rental or other payment due hereunder or upon its failure to perform any other of the terms of this lease to be observed or performed by Lessee on its part to be observed or performed, or if Lessee shall become a bankrupt, or insolvent, or file 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 all or a portion of Lessee's property, or if Lessee makes an assignment for the benefit of creditors, or petitions for or enters into an arrangement, or suffers this lease to be taken under writ of execution or attachment, or if this lease shall pass to or dissolve upon by law or otherwise, one other than Lessee except as herein provided, then, in anyone or more such events, upon Lessor serving written thirty ( 30) day notice of cancellation upon Lessee spec i fy ing the nature of said default, and if, at the expiration of said thirty (30) days, Lessee shall have failed to comply with or remedy such default, then this lease and the term thereunder, shall, at the option of Lessor, terminate and come to an end on the data specified in such notice of cancellation, and Lessee shall quit and surrender the demised premises to Lessor as if the term hereunder ended by the expiration of the time fixed here in, and Lessee shall remain liable for any unpaid rent and all other charges up to the date of termination. If the Lessor shall be in default in performing any of the terms or provisions of this lease required on its part to be