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<br />I <br /> <br />I <br /> <br />I <br /> <br />9 04. Any insurance against casualty loss which may be carried by either the City or the <br />Lessee shall be under the sole control of the party carrying the insurance, and the other <br />party shall have no interest in any proceeds of this insurance City and Lessee expressly <br />waive any cause of action or right of recovery which either of them may have against the <br />other for any loss or damage to the Leased Premises or to the contents caused by fire, <br />explosion, or other risk covered by the casualty insurance <br /> <br />Article 10 Assignment and Subletting <br /> <br />10 01 The Lessee shall not assign or sublet all or part of its interest in this Lease without <br />the advance written consent of the City Consent by the City to one or more assignments <br />or sublettings shall not operate as a waiver of the City's rights as to any subsequent <br />assignments or sublettings Notwithstanding any assignment or subletting, the Lessee <br />shall remain fully responsible and liable for the payment of the rent and for compliance with <br />all of its other obligations under this Lease <br /> <br />1002 In the event of an assignment by the City of all of its interest in this Lease to a <br />person, firm or corporation that assumes all of the City's obligations, the Lessee agrees to <br />look solely to the responsibility of the successor in interest of the City Any security given <br />by the Lessee to secure performance of its obligations may be assigned and transferred by <br />the City to its successor in interest, and the City shall be released of any further obligations <br />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 <br />under this Lease <br /> <br />B The Lessee fails to comply with any other term, provision, or covenant of this <br />Lease, and does not cure the failure within 30 days after written notice to the Lessee For <br />any subsequent default by the Lessee for the same or any other reason, the City may <br />terminate the Lease if that subsequent default continues for more than three days after <br />notice of the subsequent default. <br /> <br />C The Lessee becomes insolvent, makes a transfer in fraud of creditors, or makes <br />an assignment for the benefit of creditors <br /> <br />D The Lessee commences, or another party commences against the Lessee, <br />proceedings in bankruptcy, for reorganization, or for the readjustment or arrangement of its <br />debts under the 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 <br />