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<br />v <br /> <br />292PkCt519 <br /> <br />or corporation that assumes all of the Lessor's obligations, the Lessee agrees to look solely to the <br />responsibility ofthe successor in interest of the Lessor. Any security given by the Lessee to secure <br />performance of its obligations may be assigned and transferred by the Lessor to its successor in <br />interest, and the Lessor shall be released of any further obligations under this Lease. <br /> <br />Article 11. Events of Default and Remedies <br /> <br />11.01. The following events shall be events of default by the Lessee under this Lease: <br /> <br />A. The Lessee fails to pay when due any rental or any other sums or charges due under this <br /> <br />Lease. <br /> <br />B. The Lessee fails to comply with any other term, provision, or covenant of this Lease, and <br />does not cure the failure within 30 days after written notice to the Lessee. For any subsequent <br />default by the Lessee for the same or any other reason, the Lessor may terminate the Lease if that <br />subsequent default continues for more than three days after notice of the subsequent default. <br /> <br />C. The Lessee becomes insolvent, makes a transfer in fraud of creditors, or makes an <br />assignment for the benefit of creditors <br /> <br />D. The Lessee commences, or another party commences against the Lessee, proceedings in <br />bankruptcy, for reorganization, or for the readjustment or arrangement of its debts under the <br />bankruptcy laws of the United States or under any other law. <br /> <br />E. A receiver or trustee is appointed for all or substantially all of the assets of the Lessee. <br /> <br />F. The Lessee abandons or vacates all or any substantial portion of the Leased Premises. <br /> <br />11.02. The acceptance by the Lessor of the Lessee's payments subsequent to the occurrence of any <br />event of default shall be as compensation for use and occupancy of the Leased Premises, and shall <br />in no way constitute a waiver by the Lessor of its right to exercise any remedy provided for any <br />event of default. <br /> <br />11.03. Upon the occurrence of any of the events of default, the Lessor shall have the option to <br />pursue anyone or more of the following remedies without any notice or demand whatsoever: <br /> <br />A. Terminate this Lease. In this event the Lessee shall immediately surrender the Leased <br />Premises to the Lessor, and if the Lessee fails to do so, the Lessor may enter and take possession of <br />the Leased Premises and remove the Lessee and any other person occupying the premises, by force <br />if necessary, without prejudice to any other remedy it may have for possession or arrearages in rent, <br />and without being liable for any resulting damages. The Lessee agrees to pay to the Lessor the <br />amount of all resulting costs, losses and damages incurred by the Lessor within 30 days of the <br /> <br />7 <br /> <br />Cuny airport cafe lease <br />