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81006051
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Last modified
1/14/2010 11:27:41 PM
Creation date
1/14/2010 11:27:18 PM
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DEEDS
Inst Number
81006051
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<br /> <br />~~~~~~~~ <br />*i~: 8.a ~`~ss folls~irq sha:l Yc~nstitute events of <br />dafau t un r~is Sublease: <br />4a) If tt:e Sublessee shall fail to pay, when due and <br />payable, any installment of rent and such failure shall continue <br />#oz a peziod of thirty (30) consecutive days after written notice <br />*3sezeof has been g_ven to the Sublessee by the Sublessor; <br />{b) if the Sublessee shall fail to perform, observe or <br />caatply with any other of the terms, covenants, conditions or <br />provisions contained in this Sublease or the Lease between the <br />Sublessor and the County of Hall, and any such failure shall <br />continue for a period of sixty (60) days after written notice <br />thereof shall have been given to the Sublessee by the Sublessor; <br />provided, however, that if the Sublessee shall fail to make any <br />reg~air, restoration or replacement, which, if begun and <br />prosecuted with due diligence, cannot be completed within a <br />period of sixty f60) days, then such period shall be increased to <br />sash extent as shall be necessary to enable the company to begin <br />and c~smplete such repair, restoration or replacement through the <br />exercise of due diligence; <br />(c) Zf the Sublessee shall abandon the Project, or any <br />substantial part thereof, or the operations thereon herein <br />contemplated, and such abandonment shall continue for a period of <br />thirty (30) days after-wrtten notice thereof shall have been <br />given ko the Sublessee by the Sublessor; <br />(dD The entry of a decree or order by a court having <br />jurisdiction in the premises for relief in respect of the <br />Sublessee or adjudging the Sublessee a bankrupt or insolvent, or <br />approving as properly filed a petition seeking reorganization, <br />adjustment or compostior. of or in respect of the Sublessee under <br />the Federal Bankruptcy Act or any other applicable federal or <br />state law, or appointing a custodian, receiver, liquidator, <br />assignee, trustee, sequestratvr Eor either similar of€icial) of or <br />for the Sublessee or any substantial part of its property, or <br />ordering ..the winding, up or liquidation of its affairs, and the. <br />.continuance of any such decree qr ori3er uns~ayed' and in effect. <br />liar a period of sixty (60) corisecutiv!e days; <br />(e! The commencement by the Sublessee of a voluntary <br />case or the institution by it of proceedings to be adjudicated a <br />bankrupt or insolvent, or the consent by it to the institution of <br />bankruptcy or insolvency proceedings against it, or the filing by <br />it of a petition or answer or consent seeking reorganization, <br />arrangement or relief under the Federal Bankruptcy Act or any <br />other applicable federal or state law, or the consent or <br />-7- <br />,, ~ ~ ~. <br />
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