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<br />VOL "213 PAGE 483 <br /> <br />subsequent assignments or sublettings. Notwithstanding any assignment or subletting, <br />the Lessee shall remain fully responsible and liable for the payment of the rent and for <br />compliance with all of its other obligations under this Lease. <br /> <br />10.02. In the event of an assignment by the Lessor of all of its interest in this Lease to a <br />person, firm or corporation that assumes all of the Lessor's obligations, the Lessee agrees <br />to look solely to the responsibility of the successor in interest of the Lessor. Any security <br />given by the Lessee to secure performance of its obligations may be assigned and <br />transferred by the Lessor to its successor in interest, and the Lessor shall be released of <br />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 <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 Lessor 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 <br />its debts under the bankruptcy laws of the United States or under any other law. The <br />acceptance by the Lessor of the Lessee's monthly payments subsequent to the occurrence <br />of this event of default, or that set forth in subparagraph E below, shall be as <br />compensation for use and occupancy of the Leased Premises, and shall in no way <br />constitute a waiver by the Lessor of its right to exercise any remedy provided for any event <br />of default. <br /> <br />E. A receiver or trustee is appointed for all or substantially all of the assets of the <br />Lessee. <br /> <br />F. The Lessee abandons or vacates all or any substantial portion of the Leased <br />Premises. <br /> <br />COSM Form 1/99 <br /> <br />8 <br />