HomeMy WebLinkAbout2716 I,SAS$ AGRSffi~SNT - Page 5. .
10. ASSIGDII+1~iT OF LESSSB' 3 I~TT$RSST:
This lease may be assigned cnly after I.SSSBS has re-
ceived written consent from LSSSOR to such assiqnment.
Such assignment shall not operate to release LSSS$S fram
the obligations imposed upon it by this lease. Such
assignee shall, in the said assiqnment executed with the
same solemnity as this lease is executed, expressly assume,
obliqate and bind said assignee faithfully and promptly
to comply and abide by all the terms and conditions of
this lease. An executed copy of such assignment shal~
be delivered to the LSSSOR or mailed by Certified Mail
to the~LSSSOR, within ten (10) days after the exe~ution.
thereof. Such-assignment will not be operative until ,
there shall have been delivered to the LESSOR the fully
~ executed aqreement of the assignee as herein provided.
LFSSOR hereby agrees that its consent to the assignment
. of this lease shall not be arbitrarily withhe~.d. .
11. DEFAIILT:
-
If the LESSEE makes a default in the payment of any =
~ -
installment of the reat, or any sum of money herein referred
to be pa:~d by LESS$E to LESSOR, when the same may become
~ due, or i.f the I.SSSEE shall -make default in the perfonaance
of atiy covenant or condition of this lease on its part to
~ be performed, or if the LESSEE shall file a voluntary
petition in bankruptcy or be by any Court adjudicated a
~ bankrupt or insolvent or placed in liquidation, or if
LESSEE shall make a general assignment for the benefit of
~
creditors, or if a teznporary or permanent receiver of the
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