WITHIN SIXTY (60) DAYS OF THE APPOINTMENT.
19.6.
LESSEE MATERIALLY DEFAULTS UNDER ANY MORTGAGE,
INDENTURE OR INSTRUMENT UNDER WHICH THERE MAY BE ISSUED OR BY WHICH THERE MAY BE
SECURED OR EVIDENCED, ANY INDEBTEDNESS OF LESSEE FOR MONEY BORROWED, WHETHER
SUCH INDEBTEDNESS NOW EXISTS OR SHALL BE CREATED HEREAFTER, WHICH MATERIAL
DEFAULT (MONETARY OR OTHERWISE) IS NOT CURED WITHIN (30) DAYS;
19.7.
LESSEE SHALL BE DISSOLVED, LIQUIDATED OR WOUND UP
OR IS ENJOINED, RESTRAINED, FAILS OR IS IN ANY WAY PREVENTED FROM MAINTAINING
ITS EXISTENCE AS A GOING CONCERN IN GOOD STANDING (EXCEPTING, HOWEVER,
REORGANIZATIONS, CONSOLIDATIONS AND/OR MERGERS INTO OR WITH
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AFFILIATES OWNED BY, OWNING OR UNDER COMMON CONTROL OF OR WITH SUCH ENTITY OR
INTO THE PARENT OF SUCH ENTITY, PROVIDED THE SUCCEEDING ORGANIZATION ASSUMES AND
ACCEPTS SUCH ENTITY'S OBLIGATION HEREUNDER);
19.8.
LESSEE ATTEMPTS TO REMOVE, SELL, TRANSFER,
ENCUMBER, PART WITH POSSESSION OR SUBLET ANY PART OF THE EQUIPMENT WITHOUT THE
PRIOR WRITTEN CONSENT OF LESSOR;
19.9.
ANY PART OF THE EQUIPMENT IS LOST, STOLEN OR
DESTROYED;
19.10.
ANY PART OF THE EQUIPMENT IS ATTACHED, LEVIED UPON,
ENCUMBERED, PLEDGED, OR SEIZED UNDER ANY JUDICIAL PROCESS;
19.11.
ANY WARRANTY OR REPRESENTATION MADE OR FURNISHED TO
LESSOR BY OR ON BEHALF OF LESSEE IS FALSE OR MISLEADING IN ANY MATERIAL RESPECT
WHEN MADE OR FURNISHED;
19.12.
FAILURE OF LESSEE TO MAINTAIN IN FULL FORCE AND EFFECT
THE LICENSES, PERMITS AND CERTIFICATIONS THAT MAY BE REQUIRED UNDER ANY
APPLICABLE GAMING LAWS FOR THE OPERATION OF LESSEE'S BUSINESS;
19.13.
THE REVOCATION OF ANY GAMING LICENSE OF LESSEE;
19.14.
THE DENIAL OF ANY GAMING LICENSE APPLICATION OF LESSEE;
19.15.
FAILURE OF LESSEE TO COMPLY WITH ALL GAMING STATUTES AND
REGULATIONS;
19.16.
FAILURE OF LESSEE TO MAINTAIN THE INSURANCE REQUIRED BY
THIS AGREEMENT; AND/OR
19.17.
ANY MERGER, CONSOLIDATION, SALE, CHANGE IN CONTROL OR
ANY TRANSFER OF A MAJORITY OF LESSEE'S BUSINESS OR ASSETS.
20.
LESSOR REMEDIES.
20.1.
LESSEE ACKNOWLEDGES THAT THE ENFORCEMENT OF THIS
AGREEMENT MAY REQUIRE APPROVAL OF CERTAIN REGULATORY AUTHORITIES AND COPIES OF
ALL DEFAULT NOTICES, LEGAL PROCEEDINGS, ETC. WILL BE FORWARDED TO THE
APPROPRIATE AGENCY AS REQUIRED BY STATE LAW OR REGULATION. LESSEE FURTHER
ACKNOWLEDGES THAT UPON ANY EVENT OF DEFAULT, AND AT ANY TIME THEREAFTER, LESSOR,
MAY IN ADDITION TO ANY AND ALL RIGHTS AND REMEDIES IT MAY HAVE AT LAW OR IN
EQUITY, WITHOUT NOTICE TO OR DEMAND UPON ANY PARTY TO THIS AGREEMENT AND AT ITS
SOLE OPTION;
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20.1.1.
DECLARE ALL AMOUNTS REMAINING UNPAID UNDER THIS
AGREEMENT IMMEDIATELY DUE AND PAYABLE AND INTEREST SHALL ACCRUE ON ANY
OUTSTANDING BALANCE DUE LESSOR AT A RATE OF 1.5% PER MONTH, WHICH IS 18% PER
ANNUM, UNTIL PAID IN FULL;
20.1.2.
PROCEED BY APPROPRIATE COURT ACTION OR OTHER
PROCEEDING, EITHER AT LAW OR IN EQUITY TO ENFORCE PERFORMANCE BY LESSEE OF ANY
AND ALL COVENANTS OF THIS AGREEMENT;
20.1.3.
ENTER ONTO LESSEE'S PREMISES IN PERSON OR BY AGENT
AND TAKE POSSESSION OF THE EQUIPMENT;
20.1.4.
REQUIRE LESSEE TO RETURN THE EQUIPMENT, AT LESSEE'S
EXPENSE, TO A PLACE DESIGNATED