CABAN, GEORGE & ANCA 2-2006 - Laserfiche WebLink

Home Browse Search

DO NOT RECORD617!06 Landlord, at any time after Tenant commits a default, can cure the default at Tenant's cost and expense. If Landlord at any time, by reason of Tenant's default, pays any sum or does any act that requires the payment of any sum, the sum paid by Landlord shall be due immediately from Tenant to Landlord at the time the sum is paid, and if paid at a later date shall bear interest, at the maximum rate an individual is permitted by law to charge, from the date the sum is paid by Landlord until Landlord is reimbursed by Tenant. The sum, together with interest thereon, shall be considered additional rent. ARTICLE 6 - ASSIGNMENT, ABANDONMENT, DEFAULT, INSOLVENCY Section 6.01 Assignment Tenant shall not, either voluntarily or by operation of law, assign, transfer, mortgage, pledge, or encumber this lease or any interest therein, and shall not sublet said Premises or any part thereof, or any right or privilege appurtenant thereto, or allow any other person (the employees, agents, servants, and invitees of Ten ant excepted) to occupy or use said Premises, or any portion thereof, without the prior written consent of the Landlord. Section 6.02 Abandonment by Tenant Should Tenant breach this Agreement and abandon the Premises prior to the expiration of the Term, Landlord may recover at least one month's rental compensation for Tenant's failure to give notice of such termination/vacation ofthe Premises. Section 6.03 DefanIt by Tenant Should Tenant default in the performance of any of the terms, conditions, or obligations contained in this Agreement, Landlord may, in addition to the remedies specified in Section 6.02 of this Agreement, re-enter and regain possession of the Premises in the manner provided by the laws of unlawful detainer of the State of Cali fomi a then in effect, as set forth hereinabove in Section 5.02. Section 6.04 Insolvency of Tenant The insolvency of Tenant as evidenced by a receiver being appointed to take possession of all or substantially all of the property of Tenant, or the making of a general assignment for the benefit of creditors by Tenant, or the filing of a petition in bankruptcy shall terminate this Agreement and entitle Landlord to re-enter and regain possession of the Premises. 9