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<br /> 11. 4. During any period of reconstruction or repair of the Leased <br /> Premises, this Lease shall continue in full force and effect <br /> except that the rentals shall be abated for the length of time <br /> necessary for the reconstruction or repairs in proportion to the <br /> amount of floor area of the Leased Premises rendered unusable. <br /> 11. 5. Any insurance against casualty loss which may be carried by <br /> either Lessor or Lessee shall be under the sole control of the <br /> party carrying such insurance and the other party shall have no <br /> interest in any proceeds of such insurance. Lessor and Lessee <br /> hereby expressly waive any cause of action or right of recovery <br /> which either of them may hereafter have against the other for <br /> any loss or damage to the Leased Premises or to the contents <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 /> 12.1. Lessee shall not assign or in any manner transfer this Lease or <br /> any estate or interest therein or sublet the Leased Premises or <br /> any part thereof without the prior written consent of Lessor. <br /> Consent by Lessor to one or more assignments or sublettings <br /> shall not operate as a waiver of Lessor's rights as to any <br /> subsequent assignments and sublettings. Notwithstanding any <br /> assignment or subletting, Lessee shall at all times remain fully <br /> responsible and liable for the payment. of the rent herein <br /> specified and for compliance with all of its other obligations <br /> under this Lease. <br /> 12.2. In the event of the transfer and assignment by Lessor of its <br /> interest in this Lease and in the building containing the Leased <br /> Premises to a person, firm or corporation, Lessee agrees to <br /> look solely to such successor in interest of the Lessor to <br /> fulfill all the terms and conditions under this Lease. Any <br /> security given by Lessee to secure performance of its <br /> obligations hereunder may be assigned and transferred by Lessor <br /> to such successor in interest of Lessor and Lessor shall thereby <br /> be discharged of any further obligation. <br /> ARTICLE XIII. <br /> Events of Default and ReJledies <br /> 13.1 The following events shall be deemed to be events of default by <br /> Lessee under this Lease: <br /> A. Lessee fails to pay when due any rental or any othe~ sums or <br /> charges due under this Lease. <br /> B. Lessee fails to comply with any term, provision, or covenant <br /> of this Lease, and does not cure the failure within 30 days <br /> after written notice thereof to Lessee. Any default for <br /> which a 30 day notice has previously been given within the <br /> 12 month period preceeding the current default, the Lessor <br /> may terminate the lease it the current default continues for <br /> more than three (3) days after written notice of the current <br /> default has been delivered to Lessee. In all cases, the <br /> Lessee is responsible for the performance of any sublessee. <br /> C. Lessee becomes insolvent, or makes a transfer in fraud of <br /> creditors, or makes an assignment for the benefit of <br /> creditors. <br /> D. Lessee commences proceedings in bankruptcy, or for <br /> reorganization of Lessee, or for the readjustment or <br /> arrangement of Lessee's debts, whether under the Bankruptcy <br /> Act of the United States of America or under any other law, <br /> whether state or federal, now or hereafter existing for the <br /> relief of debtors, or there shall be commenced any analogous <br /> statutory or nonstatutory proceeding involving Lessee. The <br /> acceptance by Lessor of Lessee's monthly payment as herein <br /> provided subsequent to the occurrence of this event of <br /> default, or that set forth in subparagraph (5) hereinbelow, <br /> -7- <br />