Res 1999-203 - Laserfiche WebLink

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20.1 Lessor has entered into this Lease upon the condition that Lessee shall punctually and faithfully perform all of the Lessee's covenants, conditions and agreements. Each of the following acts or omissions of Lessee or occurrences shall constitute an "Event of Default": (a) failure of Lessee to timely pay any installment of Rent or any other sum due hereunder;; (b) failure of Lessee to open for business within thirty (30) days after the Premises are ready for occupancy or within such other period as may be prescribed; (c) failure of Lessee thereafter to continuously operate its business in accordance with the terms of this Lease; (d) omitted (e) the vacation or abandonment of the Premises by Lessee; (f) failure of Lessee to timely observe or perform any other covenant, term or condition set forth in this Lease and such failure continues for a period of ten (10) business days from the date of written notice thereof from Lessor to Lessee (or if such failure cannot reasonably be cured within ten business (10) days, failure of Lessee to commence to cure within such ten business(10) days or failure thereafter to diligently and continuously prosecute the curing of such failure until completion); (g) Lessee or any Guarantor shall generally not pay its debts as they become due or shall admit in writing its inability to pay its debts, or shall make a general assignment for the benefit of creditors; or Lessee or any Guarantor shall commence any case, proceeding or other action seeking to have an order for relief entered on its behalf as debtor or to adjudicate it as bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, liquidation, dissolution or composition of it or its debts under any law relating to bankruptcy, insolvency, reorganization or relief of debtors, or seeking appointment of a receiver, trustee, custodian or other similar official for it or for all or any substantial part of its property; or Lessee or any Guarantor shall take any corporate action to authorize, or in contemplation of, any of the actions set forth above in this subsection (g); or (h) any case, proceeding or other action against the Lessee or any Guarantor shall be commenced seeking to have an order for relief entered against it as debtor or adjudicated as bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, liquidation, dissolution or composition of it or its debts under any law relating to bankruptcy, insolvency, reorganization or relief of debtors, or seeking appointment of a receiver, trustee, custodian or other similar official for it or for all or any substantial part of its property. 20.2 Upon the occurrence of any Event of Default, Lessor shall have the option to pursue anyone or more of the following remedies, in addition to all other rights and remedies given here-under or by law or equity, with (5)business days notice on monetary defaults and (10) business days on non-monetary defaults: (a) Terminate this Lease, in which event Lessee shall immediately surrender possession of the Premises to Lessor; (b) Enter upon and take possession of the Premises and expel or remove Lessee and any other occupant therefrom, with or without having terminated the Lease; or (c) Alter locks and other security devices at the Premises. Exercise by Lessor of anyone or more remedies hereunder granted or otherwise available shall not be deemed to be an acceptance of surrender of the Premises by Lessee, whether by agreement or by operation of law, it being understood that such surrender can be effected only by the written agreement of Lessor and Lessee. Upon the occurrence of an Event of Default, Lessor shall not be obligated to give any notice (written or oral) regarding alteration of locks or other security devices at the 11 Lessee f6 Lessor tLW