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a resolution authorizing an amendment to an existing lease ...

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·'<br />

a) LESSEE has materially breached <strong>an</strong>y portion of this<br />

Agreement;<br />

b) LESSEE fails <strong>to</strong> timely provide <strong>an</strong>d/or satisfac<strong>to</strong>rily perform<br />

<strong>an</strong>y task, deliverable, service, or other work required under<br />

this Agreementj<br />

c) LESSEE has assigned or delegated its duties or<br />

subcontracted <strong>an</strong>y perform<strong>an</strong>ce of this Agreement without<br />

prior written consent by the LESSOR;<br />

,d) Insolvency of lESSEE. LESSEE shall be deemed insolvent if it<br />

has ceased <strong>to</strong> pay its debts for at least sixty days in the<br />

ordinary course of bUSiness, whether or not a petition has<br />

been filed under the Federal B<strong>an</strong>kruptcy Code <strong>an</strong>d whether<br />

or not LESSEE is insolvent within the me<strong>an</strong>ing of such laws;<br />

e) There 'has been a filing of a voluntary or involuntary petition<br />

regarding LESSEE under the Federal B<strong>an</strong>kruptcy Code;<br />

f) There has been the apPointment of a Receiver or Trustee for<br />

LESSEEi'<br />

g) There has been <strong>an</strong> execution by LESSEE of a general<br />

aSSignment for the benefit of credi<strong>to</strong>rs.<br />

If, after LESSOR has given notice of termination under the<br />

provisions<br />

Hereunder/ if it is determined by LESSOR that LESSEE was not in default under<br />

these provisions/ or that the default was excusable under these provisions, the<br />

rights <strong>an</strong>d obligations of the parties shall be the same as if the notice of<br />

termination had been issued pursu<strong>an</strong>t <strong>to</strong> Paragraph 14.2 (Termination for<br />

Convenience).<br />

The rights <strong>an</strong>d remedies of LESSOR provided in this Paragraph 14.1<br />

are non-exclusive <strong>an</strong>d cumulative.<br />

14.2 Termination for Convenience. This Agreement, may be terminated/<br />

when such action is deemed by LESSOR <strong>to</strong> be in its best interest. Termination<br />

shall be effected by delivery <strong>to</strong> LESSEE of a notice of termination specifying the<br />

extent <strong>to</strong> which perform<strong>an</strong>ce of Agreement is terminated <strong>an</strong>d the date upon<br />

which such termination becomes effective, which shalf be no less th<strong>an</strong> ten (10)<br />

days after the notice is sent.<br />

After receipt of a notice of termination/ LESSEE shall submit its<br />

termination claim <strong>an</strong>d invoice <strong>to</strong> LESSOR/ in the form <strong>an</strong>d with <strong>an</strong>y certifications<br />

as may be prescribed by LESSOR. Such cfaim <strong>an</strong>d invoice shal1 be submitted<br />

promptly, but not later th<strong>an</strong> three months from the effective date of termination.<br />

Upon failure by LESSEE <strong>to</strong> submit its termination claim <strong>an</strong>d invoice within the<br />

time allowed, LESSOR may determine on the basis of the information available <strong>to</strong><br />

10

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