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(ii) Any transfer to an affiliate(by common ownership)or subsidiary of Lessee; <br /> (iii) Any transfer to a corporation, limited partnership,limited liability partnership, <br /> limited liability company or other business entity in which or with which Lessee, <br /> or its corporate successors or assigns, is merged,consolidated or reorganized, so <br /> long as Lessee's obligations hereunder are assumed by the entity surviving such <br /> merger or created by such consolidation or reorganization. <br /> (iv) Any transfer to a corporation, limited partnership,limited liability partnership, <br /> limited liability company or other business entity acquiring all or substantially all <br /> of Lessee's or of Lessee's business operations in the Leased Premises. <br /> (v) Any transfer to a Qualified Lessee. <br /> b. "Qualified Lessee"means a person or entity with a net worth equal to or greater than an <br /> amount equal to three hundred percent(300%) of the then-unpaid Rent obligations of the <br /> Lessee hereunder for the remainder of the Term of the Lease and any extensions. <br /> 14.04 Assignment by Lessor. In the event of an assignment by Lessor of all of its interest in the Leased <br /> Premises to a person or entity that assumes all of Lessor's obligations pursuant to this Lease,Lessee <br /> agrees to look solely to such assignee. <br /> ARTICLE 15: EVENTS OF DEFAULT AND REMEDIES; TERMINATION <br /> 15.01 Events of Default. The following events shall constitute "events of default"by Lessee under this <br /> Lease: <br /> a. Rent. Lessee fails to pay when due any rental or any other sums or charges due under this <br /> Lease, and such failure continues for seven (7) days following written notice thereof <br /> (provided, however, that Lessor shall be obligated to give only two such notices in any <br /> calendar year, and after such two notices, Lessor will no longer be obligated to give any <br /> other notice under this section within such calendar year). <br /> b. Other Breaches. Failure by Lessee to observe or perform any of the covenants,conditions <br /> or provisions of this Lease to be observed or performed by Lessee, other than as described <br /> in subsection a above, where such failure continues for a period of thirty (30) days after <br /> written notice by Lessor to Lessee; provided, if the nature of Lessee's obligation which it <br /> has failed to perform is such that more than thirty(30)days are reasonably required for its <br /> cure,then it shall not be deemed an event of default if Lessee commences such cure within <br /> the thirty(30)day period and,having so commenced,thereafter prosecutes with diligence <br /> and completes the curing of such failure or breach within a reasonable time; or <br /> C. Certain Voluntary Acts. Lessee (i) files, or consents by answer or otherwise to the filing <br /> against it if, a petition for relief or reorganization or arrangement or any other petition in <br /> bankruptcy or for liquidation or to take advantage of any bankruptcy, insolvency or other <br /> debtors' relief law of any jurisdiction, (ii) makes an assignment for the benefit of its <br /> creditors, or (iii) consents to the appointment of a custodian, receiver, trustee or other <br /> officer with similar powers of Lessee or of any substantial part of Lessee's property; or <br /> d. Receivership; Bankruptcy. Without consent by Lessee, a court or government authority <br /> enters an order, and such order is not vacated within thirty (30) days, (i) appointing a <br /> -15- <br />