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28 - Event Center New Lease Agreement
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28 - Event Center New Lease Agreement
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B. Insolvency, the making of a transfer in fraud of creditors, or the making <br />of an assignment for the benefit of creditors by LESSEE or any <br />guarantor of LESSEE's obligations. <br />C. Filing of a petition under any section or chapter of the National <br />Bankruptcy Act, as amended, or under any similar law or statute of the <br />United States or any State thereof by LESSEE or any guarantor of <br />LESSEE's obligations, or adjudication as a bankrupt or insolvent in <br />proceedings filed against LESSEE or such guarantor. <br />D. Appointment of a receiver or trustee for all or substantially all of the <br />assets of LESSEE or any guarantor of LESSEE's obligations. <br />E. Abandonment by LESSEE of any substantial portion of PREMISES or <br />cessation of use of PREMISES for the purposes leased, as identified <br />herein above. <br />F. The filing of any lien against PREMISES resulting from any act or <br />omission of LESSEE which is not discharged or contested in good faith <br />as determined by LESSOR by proper legal proceedings within fifteen <br />(15) days of receipt of actual notice by LESSEE, unless LESSEE posts a <br />bond within this time period equal to the amount of the lien. <br />19. In the event of any default by LESSEE that is not cured within thirty <br />(30) days of receiving notice from LESSOR, LESSOR may, in addition to any other <br />remedies available to it, terminate this Lease. In addition to the termination and <br />forfeiture right, LESSOR shall have the following rights and remedies upon default by <br />LESSEE: <br />A. The recovery of any damages, costs, fees, and expenses incurred by <br />LESSOR as a result of the breach of the Lease by LESSEE, including <br />reasonable attorneys' fees and expenses. <br />B. The removal of all persons from PREMISES, and the removal and <br />storage, at LESSEE's expense, of all property on said PREMISES. <br />C. Any other right or remedy, legal or equitable, that LESSOR is entitled to <br />under applicable law. <br />20. No termination shall relieve LESSEE of the obligation to deliver and <br />perform on all outstanding obligations and requirements prior to the effective date of <br />the termination and LESSEE's liabilities under this Lease shall continue. <br />21. In the event of any such termination as above enumerated, LESSOR <br />shall have the right at once and without further notice to LESSEE to enter and take <br />full possession of PREMISES occupied by the LESSEE under this Lease. Upon the <br />termination of this Lease for any reason, LESSEE shall yield up said buildings, <br />facilities, fixtures, and equipment to LESSOR in the same condition as when received. <br />22. In the event of the failure on the part of the LESSEE upon the <br />termination of this Lease to immediately remove from PREMISES all property owned <br />by it, LESSOR may effect such removal and store such property at LESSEE's expense. <br />LESSEE further covenants and agrees to pay and discharge all reasonable costs, <br />attorney's fees, and expenses that may be incurred by LESSOR in enforcing the <br />covenants, conditions, and agreements of this Lease, re-entering and/or repossessing <br />
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