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<br /> � . •, ART_ICLE CIZI .
<br /> , ' Defnult Dy The ' Comoany
<br /> ; , .
<br /> �� Section 8 . d1 . Events af De=ault . Tiie iollo�.�ing aha11 nonetitute events
<br /> q ;� of desnult under this Leasa :
<br /> ,,� :
<br /> ` (a) `if the Cacipnny ntk.11 .fail xo pap, uhen due and pay�ole , any lnstallmenz
<br /> oi Dasic Rent and sunh failure shall conrinue far a period of ten {10) days after tha
<br /> date _it is due and pegable;
<br /> ", (b) if the Ca�pany flhall �ail to nay , when due and p2ynble, any Additional
<br /> � „� TZent and auch sailure she21 contznue .ior a neriod of thirty {30 ) da��s aite: wr�tten
<br /> notice thereDf stiall have bean oi•ren t� the C�pany by the Lessor cr rhe �'ru6tee;
<br /> , ' ( c) iz the Corpany ahall fail to .perfor�, obse^�e or ceanly caith any
<br /> ' " other nf the te^++.s , co•�enants , con 'c..�'. tions or nrov_sions contained in �his Lease �inding
<br /> upon the Coynany, and ar.p such failure snaL con�inue sor a nericd oi rnirty (30 } uays
<br /> ufter ar�tten nntice +�iieraor - sh�ll ' have 'veen given tc the Co�nar.� by xhe Lessnr or �he
<br /> : Trustee; nro�-i.ded, . itowever , that _f �he CeYpany shaZl :.�i� �o r..ulce . any ranair, r�sto�ztion
<br /> t_ _
<br /> ro ;
<br /> or renlace�ent wh_ch , i� begun and prasecuted i::.�h due dil:'igence , cannot be co�nlete�3
<br /> within a per_od or th:�tq (30 ) dars , then such neriod shall he .zncreasad to suc'r. e::�ent
<br /> ; as -�iiall be necesswr .tD anaole xtie Co�nan; xo :eegin . and connlete sucn _enair, resznrat:on
<br /> or replaceaen� xttrough the exerc_se oi due Ci1_gence;
<br /> ,
<br /> (d) i= tha Ca�nnny �h�Tl abandon zhe lle�sed Yra�ses , or an�r subsrantiel
<br /> part theraoi , or the operatione thereon herein conteynlaLec , anc such abandonnent sh�l
<br /> � COII�IALL2. �.�Ol' �➢C'_".j.On OZ .�t�'_rt. .(3U ) days a�ter -cr_-'_tten IlOL3.CE � �l"1C'=L'OY 517&�� I1dVE'. � bL'L'R � �. �
<br /> � ' giver. to xhe Cannany b� L'ne Lensor or �ne T_�ustee ;
<br /> (ej if the Crn�nan� sii2'? _'ile � vo2untar}• necitior. in banl_-ruptr.��., or
<br /> + ' shaSl 'ne adjudicatec a banl¢upt or =nso1•rent , or snail ii�e an}� peLiL_or or orhar .nl�acing
<br /> � l T O � � TT � l T 1 '1 Y f { " Y �
<br /> seeY.:ng any eor�anizaLion , ccnnnsi�inn , eacjLs_�ent, iouiciat_cn n_ s.:ai.l�r e__ei _o_
<br /> ita�r unner an�� nreaent nr �u�ure la;a o: regulat-�nr. , or sha�_.' seek or consen� to nr
<br /> acquiesce in the apno_n�ent oi an. trus�ee , receiver or '__a �aatnr of i� o: oz aT7 or
<br /> � any sunstanL�l nar4 oi ��s assets ar oi �he -ll�sed nra�ses , O� 6I12Z� �:.e z generai
<br /> nesign�anL for zhe bsneii� oz crad�tors . or sha11 adrit ir �ri�ing _:.s inac:li �q �o _ .
<br /> pay its riebts eeneraii� as tiie�• 6eccae due ;
<br /> �.
<br /> �
<br /> �f� :.i 8 petition OT O .'.tier rlead_ng . shall DE _T7.!HC 8�2jR5L LEIe COi.D3II� � � . � �
<br /> seeY,ing a?II flC�] LLL� 7.CH���P. O� D3II}".�ll➢LC�' � �eOi�Hr:..^.H���Il� LCIIp05_.L7.OP . �C.'3G1ll5�L�I1L �
<br /> � � �_...' OU1l�dL�DI'i �DT S�3=i3T re�_ef under an: T7TL'SL'RL ❑� =llLll�E I.di.' O?" �E�,L'L'1c1L_CR . . .2RC SI7A�1 � � �
<br /> 7�S'?Sil III1L�'S1.5&CC OT llP.5�2`7L' G LO?" 3P. aggreea�e O� I1=I1P.L'r � y �J ) 42_.S �WhL' �Il9L OT IIO� , �
<br /> � CORSflCLLL'VE. J � DY 1_ bc an D:Qt'T DT [1flCT0'` O: 2 C011TL O: � CC�pELHRL ] llT_6C� 'GL��P . LhB � . �
<br /> Coapany SR'��� be 3G�� llC].L3�CL' L �3IIkT_ llDL D= =I15G}VLil� O: :"C-_1£.'_" Sil^c�� OL' _LT'_'311::E4' unda:
<br /> nr pur3uant �o an:� SLLCh il£L1L1�C �: OLRflI' pleac_n: , �2 2Z 0} O_'GBT OS dec_ee O_ SllCtl
<br /> cour� , th�re shall ue appc_ntea , c:'_tnou� �he consent o: acquies�enc� ni �ne Ca�nanr a
<br /> trustee ir. ean}�-up�c}• o: reorgar.i.atinr. ❑r e :�ceiver or lioc_da�nr oi = _ or o� ull or
<br /> nny substanti.:l narz o� i�� pron�rt^ or o� �he lle�sed ?':e�ss, anc ar,� ,uch arde±
<br /> or necree s'tta11 have cont=nuec unvaca�ed , or unst�reri en auneal nr otn�a:ise, and zn
<br /> erfec� '_or e nerind o_ r_=naty ( 90 ; de�s , o: __ �he Co^_nar.y snall be c:isso�ved or -
<br /> liquida�ed othe_ than �hrough a cor.se ��riatior., aerger or s::ie o_' assets :n cor.io�:t;•
<br /> G�ith i�ticle �:I? hersn= : ar
<br /> „ , .
<br /> (g) if the Caapany sh211 =a_1 �c uurchase and na:• ` or zhe lle�see �'r=.�.; ses
<br /> - unde: the procisions nz Sen�ian 9 . Oo o: �i:�s Lease kiti:ir. tne ti3e the�eir. snec_�=ec .
<br /> Section 6 . 02 . T��ina�ion Uvon I)e=au1� : Electinn to ?'urchase . Unnr. the
<br /> occunence OZ ar.y . ane �T �DLC DI ;:IlE �VPRi.S 02 (1£.-c?L'�L SUCC'�iCd iII 5@G�7.OII fi . Cil 11�TG.'02 �
<br /> � Lt1G :I.L'SSO� i.'�.`.h ill2 -pTj.O: 3pj720VL1 OI L[lE' mTL`SLE.'£ ID�'7 , 3IlL' � IIL �Il� :ni�ter: TC011t.'EL OY
<br /> ' the T_rustee shcill , give tc Lhe Ccanar.y wr_��en notice �hat ti:_s ieas� shal'• te�:_nate
<br /> upon a da*e snecif_eu in sucii notice, wh:ch da�e shall ee not less than t'r.ir�r ( 30?
<br /> days after she datQ of sucn notice . Unnn tne date snec=�ied ;r. suc'r. notica , this
<br /> lease sha11 te_uinate ur.less prio: to such date , � he Ceanar.y stta11 give a z,r_-itten not'_ce
<br /> to the Lessar .and tne Trus �ee o: tiie exerc:ise b}• �ii� Coanar.}• of its elaction to ;
<br /> purehase the De�se6 PreWises . Any such nu:�hnse shall be consu�.ated nn a_ �e:ore � �""��'• :
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