AG 1998 11 16 - Laserfiche WebLink

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(e) (f) within thirty (30) days after written notice thereof, or if such default cannot be remedied in such period, does not within thirty (30) days commence to undertake such act or acts as shall be necessary to remedy the default and. shall not complete such act or acts within a reasonable time; or Subject to the provisions of subparagraph 13(d) of this Lease, if the Tenant shall become bankrupt or insolvent, or file or have filed against it in any court pursuant to any statute, either of the United States or any State, a petition in bankruptcy for insolvency or for reorganization, or file or have filed against it a petition for the appointment of a receiver or trustee for all or substantially all of the assets of the Tenant, and such appointment shall not be vacated or set aside within sixty (60) days from the date of such appointment, or if the Tenant makes an assignment for the benefit of creditors or petitions for or enters into an arrangement; or Tenant ceases to exist in any capacity, corporate or otherwise; and Tenant ceases its operation at the Demised Premises for a period of sixty (60) continuous days, excepting any period of casualty as set forth in Paragraph 9; then and in any such event, Landlord, at any time thereafter, shall have the following remedies: Landlord shall have the right to continu~ this Lease in full force and effect and to collect rent when due, unless, or until, Landlord should terminate same. In the event of default and Landlord elects to terminate this Lease, Landlord shall give written notice thereof to Tenant, together with a copy thereof to Tenant's Mortgagee, as hereinafter described, and this Lease shall terminate and all rights of Tenant hereunder shall cease, provided that Tenant's Mortgagee shall have rights to cure said defaults as hereinafter provided and any of Tenant's permitted sublessees shall remain undisturbed if they are in good standing and agree to attorn to the Landlord. 8