Res 1998-153 - Laserfiche WebLink

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,IwŒL 11.01.3 The Lessee becomes insolvent, makes a transfer in ftaud of creditors, or makes an assignment for the benefit of creditors. 11.01.4 The Lessee commences, or another party commences against the Lessee, 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. The acceptance by the Lessor of the Lessee's monthly payments subsequent to the occurrence of this event of default, or that set forth in subparagraph 11.01.5 below, shall be as compensation for use and occupancy of the Leased Premises, and shall in no way constitute a waiver by the Lessor of its right to exercise any remedy provided for any event of default. 11.01.5 A receiver or trustee is appointed for all or substantially all of the assets of Lessee. 11.01.6 The Lessee abandons or vacates a substantial portion of the Leased Premise for $even or more consecutive days, it being understood and agreed that vacancies of space which is "for lease" shall not constitute and event of default hereunder. 11.02. Upon the occurrence of any of the events of default, Lessor shall have the option to pursue anyone or lnore of the following remedies without any notice or demand whatsoever: 11.02.1 Tenninate this Lease. In this event the Lessee shall immediately surrender the Leased Premises to the Lessor, and if the Lessee fails to do so, the Lessor may enter and take possession of the Leased Premises and remove the Lessee and any other person occupying the premises, by force if necessary, without prejudice to any other remedy it may have for possession or arrearages in rent, and without being liable for any resulting damages. The Lessee agrees to pay to the Lessor the amount of all resulting costs, losses and damages incurred by the Lessor within 30 days of the Lessor's issuance of a statement to the Lessee. 11.02.2 Relet the Leased Premises and receive the rent. The Lessee agrees to pay to the Lessor any resulting costs, and any deficiency that may arise by reason of reletting, within 30 days of the Lessor's issuance of a statement to the Lessee. 11.02.3 Enter the Leased Premises, by force ifnecessary, without being liable for prosecution or any claim for damages, and do whatever the Lessee is obligated to do under the tenns of this Lease. The Lessee agrees to reimburse the Lessor for any expenses the Lessor incurs in effecting compliance with the Lessee's obligations under this Lease, within 30 days of the Lessor's is~uance of a statement for the expenses to the Lessee.