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<br /> )O¡:' <br /> -7- - <br /> Premises without the prior written consent of Lessor. The consent by the Lessor <br /> shall not be unduly withheld. Consent by Lessor to one or more assignments or <br /> sublettings shall not operate as a waiver of Lessor's rights as to any subsequent <br /> assignments and sublettings. Notwithstanding any assignment or subletting, <br /> Lessee shall at all times remain fully responsible and liable for the payment of the <br /> rent specified and for compliance with all of its other obligations under this Lease. <br /> r 12.2 In the event of the transfer and assignment by Lessor of its interest in this Lease <br /> and in the building on the Leased Premises to a person, firm or corporation, <br /> assuming Lessor's obligations, Lessee agrees to look solely to the responsibility of <br /> the successor in interest of the Lessor. Any security given by Lessee to secure <br /> performance of its obligations may be assigned and transferred by Lessor to the <br /> successor in interest of Lessor and Lessor shall be discharged of any further <br /> obligation. <br /> ARTICLE 13. <br /> Events of Default and Remedies <br /> 13.1 The following events shall be deemed to be events of default by Lessee unqer this <br /> Lease: . <br /> A. Lessee fails to pay when due any rental or any other sums or charges due <br /> under this Lease. <br /> B. 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 thereof to <br /> Lessee. For any subsequent default by the Lessee for the same or any other <br /> reason, the Lessor may terminate the lease if that subsequent default continues for <br /> ..-- more than ten (10) days after notice of the subsequent default. In all cases, the <br /> ¡ Lessee is responsible for the performance of any sublessee. <br /> ! <br /> . <br /> C. Lessee becomes insolvent, makes a transfer in fraud of creditors, or makes <br /> an assignment for the benefit of creditors. <br /> D. Lessee commences proceedings in bankruptcy, for reorganization, or for the <br /> readjustment or arrangement of Lessee's debts, whether under the Bankruptcy Act <br /> of the United States of America or under any other law, whether state or federal, <br /> now or subsequently existing for the relief of debtors, or there shall be commenced <br /> any analogous statutory or nonstatutory proceeding involving Lessee. The <br /> acceptance by Lessor of Lessee's monthly payment as provided subsequent to the <br /> occurrence of this event of default shall be as compensation for use and occupancy <br /> of the Leased Premises, and shall in no way constitute a waiver by Lessor of its <br /> right to exercise any of the provided remedies upon the occurrence of any event of <br /> default. <br /> E. A receiver or trustee is appointed for all or substantially all of the assets of <br /> Lessee. <br /> I F. Lessee deserts or vacates any substantial portion of the Leased Premises <br /> for a period of 20 consecutive days. <br /> L <br /> 13.2 Upon the occurrence of any of the events of default and the required notice period, <br /> Lessor shall have the option to pursue anyone or more of the following remedies <br /> without any notice or demand: <br /> A. Terminate this Lease, in which event Lessee shall immediately surrender the <br /> Leased Premises to Lessor, and if Lessee fails to do so, Lessor may, without <br /> prejudice to any other remedy which it may have for possession or arrearages in <br /> rent, enter upon and take possession of the Leased Premises and expel or remove <br />