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<br />I J-3M <br /> <br /> <br /> <br /> <br />any loss or damage to the Leased Premises or to the contents <br /> <br />thereof belonging to either contained in said premises caused by <br />fire, explosion, or other risk covered by the Texas standard <br />form of fire and extended coverage policy. <br />ARTICLE XII. <br />Assignment and Subletting. <br /> <br /> <br />12.1. Lessee shall not assign or in any manner, by formal agreement or <br /> <br /> <br />by informal arrangement, transfer this Lease or any estate or <br /> <br /> <br />interest therein or sublet the Leased Premises or any part <br /> <br /> <br />thereof without the prior written consent of Lessor. Consent by <br /> <br /> <br />Lessor to one or more assignments or sublettings shall not <br /> <br /> <br />operate as a waiver of Lessor I s rights as to any subsequent <br /> <br />assignments and sublettings. Notwithstanding qny assignment or <br /> <br /> <br />subletting, Lessee shall at all times remain fully responsible <br /> <br /> <br />and liable for the payment of the rent herein specified and for <br /> <br /> <br />compliance with all of its other obligations under this Lease. <br /> <br /> <br />12.2. In the event of the transfer and assignment by Lessor of its <br /> <br /> <br />interest in this Lease and in the building containing the Leased <br /> <br />, <br />Premises to a person, firm or corporation, assuming Lessor 's <br />obligations hereunder and Lessee agrees to look solely to the <br />responsibility of such successor in interest of Lessor. Any <br />security given by Lessee to secure performance of its obigations <br />hereunder may be assigned and transferred by Lessor to such <br />successor in interest of Lessor and Lessor shall thereby be <br />discharged of any further obligation. <br />ARTICLE XIII. <br />Events of Default and Remedies. <br />13.1 The following events shall be deemed to be events of default by <br />Lessee under this Lease: <br />(A) Failure to pay when due rent or any other fees or charges <br />due under this Lease. <br />(B) Failure to comply with any term, provision, or covenant of <br />this Lease, other than the payment of rent, and does not <br />cure the failure within 30 days after written notice thereof <br />-14- <br />