Res 2011-093 - Laserfiche WebLink

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10.01. The Tenant may assign all or part of its interest in this Lease with the advance written consent of the Landlord. Consent by the Landlord to one or more assignments shall not operate as a waiver of the Landlord's rights as to any subsequent assignments. Notwithstanding any assignment, the Tenant shall remain fully responsible and liable for the payment of the rent and for compliance with all of its other obligations under this Lease. 10.02. In the event of an assignment by the Landlord of all of its interest in this Lease to a person, firm or corporation that assumes all of the Landlord's obligations, the Tenant agrees to look solely to the responsibility of the successor -in- interest of the Landlord. Any security given by the Tenant to secure performance of its obligations may be assigned and transferred by the Landlord to its successor -in- interest, and the Landlord shall be released of any further obligations under this Lease. Article 11. Events of Default and Remedies 11.01. The following events shall be events of default by the Tenant under this Lease: A. The Tenant fails to pay when due any rental or any other sums or charges due or fails to maintain insurance set forth herein under this Lease and such failure continues for a period of ten (10) days. B. The Tenant fails to comply with any other term, provision, or covenant of this Lease, and does not cure the failure within fifteen (15) days after written notice to the Tenant. For any subsequent default by the Tenant for the same or any other reason, the Landlord may terminate the Lease if that subsequent default continues for more than three days after notice of the subsequent default. C. The Tenant becomes insolvent, makes a transfer in fraud of creditors, or makes an assignment for the benefit of creditors D. The Tenant commences, or another party commences against the Tenant, proceedings in bankruptcy, for reorganization, or for the readjustment or arrangement of its debts under the bankruptcy laws of the United States or under any other law. E. A receiver or trustee is appointed for all or substantially all of the assets of the Tenant. F. The Tenant abandons or vacates all or any substantial portion of the Leased Premises. 11.02. The acceptance by the Landlord of the Tenant's monthly payments subsequent to the occurrence of any event of default shall be as compensation for use and occupancy of the Leased Premises, and shall in no way constitute a waiver by the Landlord of its right to exercise any remedy provided for any event of default. 13 Tenant. ord: