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15.1,1 Any failure by Tenant to pay any Rent or any other charge required to be paid under this Leese, or Hay part thereof (or <br />to perform any of Its obligations under Article 6 above), if such Pollure continues for three (3) days following Landlord's delivery of written notice <br />thereof <br />15.1.2 The abandonment or the Premises by Tenant, or the vacation of the Premises by Tenant for a period of ten (1 O) <br />consecutive days (with or without the payment of Rent), or the Failure of Tenant to take occupancy of the Premises within thirty (30) days of the <br />Commencement Date (It being agreed that the fact that any of TenanPs Properly remains In the Premises shall not be evidence [hat Tenant Iles not <br />vacated or abandoned the Promises). <br />15.1.3 Any failure by T enent to execute and deliver any statement or doer ment described In Article 12 requested by Landlord <br />within the time periods spool fled therein, If such failure eonllnues for three (3) days niter Landlord's do lively or written notice thereof, <br />15.1.4 The failure by Tonanl to observe or perlbrnn any Other provision OF this Lease to be observed or performed by Tenant, <br />other than those described in geq{lons 15.1.1•, IS.{ 2 and 15.1 I above, If such tbilure continues dir lwnnly (20) days (except where a different period <br />of time is specified in this Lease, in which case such different time period shall apply) after Landlord's delivery of written notice thereof; provided, <br />however, that if the nature of the deFaudt is such that it cannot be cured within ilia twenty (20) day period, no Event of Default shalt exist if'I'ananl <br />commences the outing of the detanitwlthin ilia twenty (20) day period and thereafter diligently prosecutes lire same to completion. <br />15.1.5 The making or Runishing by Tenant of any warranty, representation or statement to Landlord in connection with this <br />Lease, or any other agreement to which Tenant and Landlord are parties, which is false or misleading In any materiel respect when made or <br />Pomisllefi <br />15.1.6 The assignment, subletting or other Transfer, or rely attempted assignment, subletting orodtorTransfer,ofthis Lease in <br />violation of Article 11. <br />15,1,7 Tile f liq or execution or ouourrarae of any one of the fallowing; (a) a petition in banluvploy or other insolvency <br />proceeding by nr against Tenant or any general partner of Tenant, (b) a petition or answer by Tenant or ally general partner of Tenant seeking relief <br />under any provision of the Bankruptcy Act, (c) an assignment by Tenant or any general partner of Tenant for the benefit of creditors, (d) a petition or <br />other piveeoding by or against Tenant or any general partner of Tenant for the appointment of a trustee, receiver or liquidator of Tenant or any <br />general partner of Tenant or any property of Tenant or any general partner of Tenant, (e) a proceeding by any governmental authority, for the <br />diawletion or Ilquidation'of Tenreht or any general partner of Tenant or any other instance whereby Tenant or any general partner of Tenant shall <br />cease doing business as a going conaem, er (f) an admission by Tenant or any general partner of Tonanl of Its liability to pay Its debts as they <br />become line. <br />15.1.8 The dafault by any guarantor of 'tenant's obligations hereunder under any guaranty of this Loose, die attempted <br />repudiation or revocation of any such. guaranty or the participation by any sack guarantor in anyother event described in this Section 15.1 (as if this <br />Section I5 11 relerred to such guarantor In place cfTenant). <br />15.1.4 Any dalault that contnues beyond die applicable notice and cure period by Tenant or any Affiliate of Tenant under any <br />lease (other than this Lease} between; (a) Landlord at any Affiliate of Landlord and (b) Tcnantor any Affiliate orTenant. <br />All of tie nodoaa daserlbid in this Soglioh 15,1 shall be in Half af, and not in addition to, any notice Lentil fired uncle Sermon 1161 of fie <br />Cliffortiin Code of Civil Procedure or any other law now or hereafter in afloat, requiring that notice of default be given prior to the commencement of <br />an unlawful detainer or other legal proceeding. <br />15,2 RamcdM. Upon the occurrence of any Event of Default by Tenant, !it addition to any other rfinedies avallable to Landlord at <br />taw or in equity, without any 0n[he• notice or demand whatsoever Landlord shall have the option to pursue any one or inure Of ilia MarOdiaa <br />described in Section I OTE- i, itm attaobad he•ec, each and all ofwhich shall, subject to applicable levy, be cumulative and nanexelusive (and all <br />oflheotharpmvlsionsof SL_LLhof ibit"H"shall apply toall Event orDedouhby'rennnlhereuader), <br />ARTICLE 16 — LANDLORD WAULT[ LANDLORD'S L LAR11 M' <br />16.1 LpaAlne•d 1)efnnlf: Landlord's Falure to perform or observe any of its obligations under this Louse shall col7stih¢e a material <br />cleftuh by Landlord under this Lease (a "Landlord Default") only If such 1111lum shall continue for a period or thirty (30)days Otter Landlord (and <br />elicit Nodded Party) rccelves written notiao from Tenant specifying (anti describing in reasonable detail) fllc alleged default (and identifying the <br />applicable Lease provision(s)); provided, however, that if the nature of the deinult is such that It caunol be cured within the thirty (30) day period, no <br />Landlord Default shall exist if Landlord (or any Notified Party) commences the curing of the applicable default wid,fn thirty (30) clays fbllowing its <br />recclpt of Tenant's default notice and thereafter diligently prosecutes ilia same to completion. Subleot to the remaining provisions tortilla henso, <br />following the, occurrence of any Landlord DeBmlt,'feneu shall have the right to pursue any remedy nvnilable under Law for such Landlord Default. <br />by L,nadledt provided, however, that in no case shall Tennnt have any right to terminate this Lease en account litany such Landlord Der'uuft. <br />16.2 ),aadicrd's Lease 131161•taidn , Notwithstanding anything to the contrary contained in this Lease or any other Lease <br />Lhcuments, It is expressly unde5tood and agreed by laid bahWen the pordea hereto Chat; (ill) [he recourw of Tenant of Iis succcs'sors or osi dg11a <br />against Landlord (and the liability of Landlord to Toapnl, its Successors Lind assigns) 1vl[h respect (o: (1) any actual or alleged Ismuch Or breaches by <br />Orlin the part of Landlord Orley of Landlord's Lease Undertakings or W) say matter odining to Tenants use or Occupancy Vale Premises shall be <br />limited to an anhennt equal to the lesser of; (x) Landlord's equity Interest in the Building and (y) the equity inlelvsl Lendlo[d would have in the <br />Buildfug drncc Building were encumbered by independent secured fiiumcing equal in eighty percent (80'14.) of the value of the Building; (b) T'anunl <br />shall have no recourse ugninsl ally after OS$03 of Landlord or any Other landlord Perks (or their oriccrs, dhvoto-s or shw111OWans): (c) except to <br />the exre^lit nl Lttllltord's equity Interest in the Qudlhng(lo tile exten previcied above), no personal linbility or personalresponsibilityorally .sort with <br />respect to any nl' Lnndho d's Lease Undeautdngs Or any alleged branch Hereof Is assunmd by, or shall lit Lilly time he luserted m• ellbroeable oaniast, <br />801 IVC9oic .14- <br />