EMERGENCY NO PRIOR NOTICE SHALL BE
REQUIRED, TENANT SHALL PERMIT LANDLORD OR ITS AGENTS TO ENTER THE DEMISED
PREMISES DURING NORMAL BUSINESS HOURS FOR THE PURPOSE OF INSPECTION, OR OF
MAKING REPAIRS THAT TENANT MAY NEGLECT OR REFUSE TO MAKE IN ACCORDANCE WITH THE
AGREEMENTS, TERMS, CONDITIONS, AND COVENANTS HEREOF, AND ALSO FOR THE PURPOSE OF
SHOWING THE DEMISED PREMISES TO PERSONS WISHING TO PURCHASE THE SAME OR TO MAKE
A MORTGAGE LOAN ON THE SAME AND, AT ANY TIME WITHIN THREE (3) MONTHS PRIOR TO
THE EXPIRATION OF THE TERM, TO PERSONS WISHING TO RENT THE SAME.
LANDLORD SHALL
TAKE ALL REASONABLE PRECAUTIONS TO MINIMIZE ANY INTERFERENCE WITH TENANT'S
BUSINESS.
19.
DEFAULT.
EACH OF THE FOLLOWING EVENTS SHALL
BE A DEFAULT HEREUNDER BY TENANT AND A BREACH OF THIS LEASE:
A.
IF TENANT SHALL FILE A PETITION IN
BANKRUPTCY OR INSOLVENCY OR FOR REORGANIZATION OR ARRANGEMENT UNDER THE
BANKRUPTCY LAWS OF THE UNITED STATES OR ANY INSOLVENCY ACT OF ANY STATE OR SHALL
VOLUNTARILY TAKE ADVANTAGE OF ANY SUCH LAW OR ACT BY ANSWER OR OTHERWISE OR
SHALL BE DISSOLVED OR SHALL MAKE AN ASSIGNMENT FOR THE BENEFIT OF CREDITORS.
B.
IF INVOLUNTARY PROCEEDINGS UNDER ANY
SUCH BANKRUPTCY LAW OR INSOLVENCY ACT OR FOR THE DISSOLUTION OF A CORPORATION
SHALL BE INSTITUTED AGAINST TENANT OR IF A RECEIVER OR TRUSTEE SHALL BE
APPOINTED FOR ALL OR SUBSTANTIALLY ALL OF THE PROPERTY OF TENANT AND SUCH
PROCEEDINGS SHALL NOT BE DISMISSED OR SUCH RECEIVERSHIP OR TRUSTEESHIP VACATED
WITHIN THIRTY (30) DAYS AFTER SUCH INSTITUTION OR APPOINTMENT.
C.
IF TENANT SHALL FAIL TO PAY LANDLORD
ANY RENT AS AND WHEN THE SAME SHALL BECOME DUE AND PAYABLE OR FAILS TO PAY ANY
OTHER SUM REQUIRED TO BE PAID BY TENANT HEREUNDER AFTER THIRTY (30) DAYS'
WRITTEN NOTICE FROM LANDLORD.
ANY SUCH PAYMENT NOT RECEIVED BY LANDLORD WITHIN
OR PRIOR TO THE END OF SUCH NOTICE PERIOD, IF APPLICABLE, SHALL ACCRUE INTEREST
OF TWELVE PERCENT (12%) PER ANNUM, COMMENCING WITH THE ORIGINAL DUE DATE, UNTIL
PAID IN FULL.
D.
IF TENANT SHALL FAIL TO PERFORM ANY OF
THE AGREEMENTS, TERMS, COVENANTS, OR CONDITIONS HEREOF ON TENANT'S PART TO BE
PERFORMED AND SUCH NON-PERFORMANCE SHALL CONTINUE FOR A PERIOD WITHIN WHICH
PERFORMANCE IS REQUIRED TO BE MADE BY SPECIFIC PROVISION OF THIS LEASE OR IF NO
SUCH PERIOD IS SO PROVIDED FOR A PERIOD OF THIRTY (30) DAYS AFTER WRITTEN NOTICE
THEREOF BY LANDLORD TO TENANT, OR IF SUCH PERFORMANCE CANNOT BE REASONABLY HAD
WITHIN SUCH THIRTY (30) DAY PERIOD, TENANT SHALL NOT IN GOOD FAITH HAVE
COMMENCED SUCH PERFORMANCE WITHIN SUCH THIRTY (30) DAY PERIOD AND SHALL NOT
DILIGENTLY PROCEED THEREWITH TO COMPLETION.
E.
IF TENANT SHALL VACATE OR ABANDON THE
DEMISED PREMISES, COUPLED WITH THE NON-PAYMENT OF RENT.
11
F.
IF THIS LEASE OR THE ESTATE OF TENANT
HEREUNDER SHALL BE TRANSFERRED TO OR SHALL PASS TO OR DEVOLVE UPON ANY OTHER
PERSON OR PARTY, EXCEPT IN A MANNER PERMITTED UNDER THE ASSIGNMENT AND
SUBLETTING PARAGRAPH HEREOF.
G.
IF TENANT