2023-034A - Laserfiche WebLink

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Leased Premises shall be suspended or abated until the time of termination and Minimum Monthly Rental shall be apportioned as of the date of the fire or other casualty. SECTION 15 EVENTS OF DEFAULT 15.01 In the event any of the following shall occur: (a) Tenant fails to pay any installment of Rent within five (5) days after notice of the occurrence thereof from Landlord; or (b) Tenant is in default of any of its other obligations or is otherwise in breach under this Lease and Tenant fails to commence to cure any such default within fifteen (15) days after notice of the occurrence thereof from Landlord and thereafter fails to complete the cure of such default with due diligence within thirty (30) days after notice of the occurrence thereof from Landlord; or (c) Tenant or Guarantor is adjudicated a bankrupt; or (d) Tenant or Guarantor has a receiver in equity appointed for all or substantially all of its property and such appointment is not vacated within thirty (30) days; or (e) Tenant or Guarantor files a voluntary petition for reorganization or arrangement; or (f) Tenant or Guarantor has a trustee in reorganization appointed for its property; or (g) Tenant or Guarantor files a voluntary petition in bankruptcy; or (h) Tenant or Guarantor files an answer admitting bankruptcy or agreeing to reorganization or arrangement; or 0) Tenant or Guarantor makes an assignment for the benefit of creditors; or (k) Tenant permits its leasehold interest hereunder to be sold pursuant to execution; then and in any such event. Landlord may, in addition to such other rights and remedies, which are provided for by law or equity or elsewhere in this Lease: (A) Accelerate the whole or any part of the Rent and other charges, payments, costs and expenses herein agreed to be paid by Tenant for the entire unexpired balance of the Term. Such amount if so accelerated shall, in addition to any Rent already due and payable, be deemed due and payable as if, by the terms and provisions of this Lease, such accelerated Rent and other charges, payments, costs and expenses were on that date payable in advance. (B) If permissible under applicable laws, enter the Demised Premises and without further demand or notice, proceed to sale of the goods, chattels and personal property there found and levy the Rent; and Tenant shall pay all costs and officers' commissions, including watchmen's wages and sums chargeable to Landlord, and in such case all costs, officers' commissions and other charges shall immediately attach and become part of the claim of Landlord for Rent. 22