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I6. DEFAI?I,7' ANI) RrMr>r~~l~ ~ ~Prnc,>H tG.2 :~) <br />a. >~ti~~t~ c~~>7~~~~~t <br />a~he occurrence of any titre or nrore of the following events shall constitute. a default Irerettnder by, <br />TEN~~,N`1'. <br />I. "I`he abandantne:nt or vacation of the Premises bit "1"I~N~N'1'. <br />?. ""]~he l:ailure by `I'ENf~N'I' to make any payment of`rern or any ether sutra payable hereunder by <br />"1,IN11NT, as and ~vfien due, where such fGtilure sh4tll continue for a period of'threa {;)days <br />after written notice there;:rf from I7IS'I'I~ICT to "1`EN~~N`,I'; prop°ide:cl, ha~vevtrr, that any su~:h <br />notice shall be in lieu of, and trot. itr addition to, any notice recluircd Lnder California C.':ode of <br />Civil Procedure Section I ]fil et seq. <br />`1`he failure, c>r inability by '!'1:N1N'1' to observe ar l~erfi~rm atry of the provisiatts of ibis I.easc <br />to be observed or perfanned by "I'Is~1AN'l', other than specified i.n subparagraphs /~,, l . or :~1.2. <br />above, where such f.'ailure shall continue far a period often { I ~) days after written notice <br />thereof' from llIS'i'RIC""I' to TE:V't1NT; provided, however, that any such notice shall be; itr <br />lieu of', acrd not in addition to, any trotice xegctired tinder C:'alifarnia. Cade of Civil. I'rocc:dltrc <br />Section l 1 frl et seq.; provided, further, that if the nature. of such failure is such that it catr he <br />cured by "I`IN~N`I' but that mare than ten { 1 fl j day's are reasonably required for its cure (f~rr <br />tiny reason other than financial inability}, then "1'I~?~11~N'1` shall not be deetncd to be in default <br />if'"l•I'N ~N"I' shall e:orrrnrence such cure ~vithitr said ten (l ())days, and thereafter diligently <br />pre}secures such cure to ~ompletian. <br />=I. (a) "1'he making by `I'INt1,NT ol`any general assignment :for tl~e benefit ofcreditors; <br />(b) a ease is commenced by or against TE1tif1NT under Chapters 7, I 1 or 13 of the: <br />Bankruptcy C-ode, `T`itle 1 I of the [~trited States Code as no~~r in farce or hereafter <br />amended and if so commenced against `I-IN11.I~7T, the same is not dismissed rvitl~itr <br />5i?ety {fit3) days ctf such c;atnnrencentent; <br />(~} the appainttnent of a trustee ar receiver to t<~e possessic~rt of` substantially all of• <br />•1'INAN'I``S assets k7cated at the I'retnises err crfTEN~N`I`'S interest in this I.,ease. <br />where such sc:i~ure is not discharged ~vtliin thirty (~()} days; or <br />(d) "I'1~N.~N"I''S cat~vening of <t meeting of its creditors or any class thereof for the purpose <br />ofeffecting a mc~ratoriutn upon or artnpositian of its debts. In the event c~f~ury such <br />default. rreither this I..;ease nor tiny interests of "I~I~,N~1N"I" in and to the Premises shall. <br />bcc:otrrc: oar asset: in any of such proceeditrgs and, tr any such evetrt and in addition to <br />any and ~t] rigl-tts or retnedie;s of the:. ISIS"ERIC"1` hc;reundcr or by la~v; provided, it shall <br />be Iawful for the I7IS'I'RIC`i` tcy declare the term herec}f ended rtnd to rc-enter the <br />Premises utrd take. possession thereof and remove all persatrs ilrerc~Ircrm, and °I'1:=,N~~'~I"I` <br />and its creditors (other than I~IS`I'ItIC'1°}shall have tro further clainr thereon or <br />hereunder. <br />~'ieiSF4ii :al4c~ )~f Vet 4. `)1:1lIF147~ '( ts4} t -t{) ~?3 ~ i ~, <br />1?tt~ sirc-ut i'ria:s~;lc 1:~~,4c : tti;ti' r)8. t.4)8) <br />20C-47 <br />