COMPLIANCE INFO_2002-2007 - Laserfiche WebLink

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DEFAULT Section 16.01 Events Of Default. The occurrence of any of the following shall constitute an event of default ("Event of Default ") on the part of Tenant: (a) Nonpayment Of Rent. Failure to pay any installment of Fixed Rent or Additional Rent due and payable hereunder on the date when payment is due, such failure continuing for a period of three (3) days after written notice of such failure. (b) Other Obligations. Failure to perform any obligation, agreement or covenant under this Lease, other than those matters specified in section 16.01 (a) above or any other failure by Tenant to pay money owed by or due from Tenant hereunder, such failure continuing for a period of thirty (30) days after written notice of such failure (or such longer period, up to but not exceeding an additional ninety (90) days, as is reasonably necessary to remedy such default, provided that Tenant commences the remedy within such thirty (30) day period and continuously and diligently pursues such remedy at all times during the additional ninety (90) -day period). (c) Insolvency.The occurrence of any event described in Article XV above. In the event that under applicable law the trustee in bankruptcy or Tenant has the right to affirm this Lease and continue to perform the obligations of Tenant hereunder, such trustee or Tenant shall, within such time period as may be permitted by the bankruptcy court having jurisdiction, cure all defaults of Tenant hereunder outstanding as of the date of the affirmance of this Lease and provide to Landlord such adequate assurances as may be necessary to ensure Landlord of the continued performance of Tenant's obligations under this Lease. (d) Misrepresentation. The discovery by Landlord that any representation, warranty or financial statement given to Landlord by Tenant or any guarantor of Tenant's obligations under this Lease,was materially false or misleading. (e) Certificate. The failure by Tenant to give timely a certificate in accordance with terms, provisions, and requirements of Section 28.01. (f) Environmental. Tenant's violations of any Environmental Laws or the Release of any Hazardous Materials. Section 16.02 Remedies Upon Default. If an Event of Default by Tenant occurs, then, in addition to any other remedies available to Landlord at law or in equity or elsewhere hereunder, Landlord shall have the following remedies: (a) Termination. Landlord shall have the right, with or without notice or demand, immediately upon expiration of any applicable grace period specified herein, to terminate this Lease, and at any time thereafter recover possession of the Demised Premises or any part thereof and expel and remove therefrom Tenant and any other person occupying the same by any lawful means, and repossess and enjoy the Demised Premises without prejudice to any of the remedies that Landlord may have under this Lease. If Landlord elects to terminate the Lease, Landlord shall also have the right to reenter the Demised Premises and take possession of and remove all equipment and fixtures of Tenant, if any, in the Demised Premises. If Landlord elects to terminate this Lease and Tenant's right to possession, or if Tenant's right to possession is M