Agenda Packets - 1999/01/11 - Laserfiche WebLink

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proceeding under any bankruptcy,reorganization, arrangement, readjustment of debt, dissolution or liquidation law or statute of any jurisdiction,whether nor or hereafter in effect; or if there shall have been filed any such petition or application or any such proceeding shall have been commenced against Tenant or any guarantor, which remains undismissed for a period of thirty(30) days or more; or Tenant or any guarantor by any act or omission shall indicate their consent to, approval of or acquiescence in any such petition, application or proceeding or the Appointment of a receiver of or any trustee or similar officer for Tenant or any guarantor, or shall suffer any such receivership or trusteeship to continue undischarged for a period of thirty(30) days or more; or any judgment, writ, warrant or attachment or execution or similar process shall be issued or levied against a substantial part of the property of Tenant or any guarantor and such judgment,writ, or similar process shall not be released,vacated or fully bonded within thirty (30)days after its issue or levy; or (f) Tenant shall have failed to comply with any provisions of this Lease and shall not cure any failure within thirty (30) days, or such longer period of time as may be reasonably required to cure such default, after Landlord by written notice,has informed Tenant of such noncompliance. 13.2 LANDLORD'S REMEDIES. Upon the occurrence of any of the above lettered events of default, Landlord may elect to either(1)terminate this Lease; or(2)terminate the Tenant's right to possession only without terminating this Lease,hereinafter referred to as re-entry; (3)pursue any other remedy available at law or in equity. Landlord shall have all remedies provided in this Lease and under governing law. All of the remedies given to Landlord in this Lease or by law shall be cumulative, and the exercise of one right or remedy by Landlord shall not impair its right to exercise any other right or remedy. In the event of election under(2)above to terminate Tenant's right to possession only, Landlord may,at Landlord's option,proceed to demand possession by notice and proceeding under the Unlawful Detainer Law of Minnesota and take and hold possession thereof without such proceeding or entry into possession terminating this Lease or releasing Tenant in whole or in part from Tenant's obligation to pay the rent hereunder for the full term. Upon re-entry Landlord may remove all personal property from the Demised Premises and such property may be removed and stored in a public warehouse or elsewhere at the cost of and for the account of Tenant, all without service of notice or resort to legal process and without being deemed guilty of trespass, or becoming liable for any loss or damage which may be occasioned thereby. Upon and after entry into possession without termination of the Lease, Landlord shall use reasonable efforts to relet the premises, or any part thereof for the account of Tenant to any other person, firm or corporation, for such rent and other charges for such time and upon such terms as Landlord, in Landlord's sole subjective discretion shall determine, but Landlord shall not be required to accept any potential Tenant offered by Tenant or to observe any instruction given by Tenant about such reletting. Landlord may make repairs or redecorate the premises to the extent deemed Page 11 DRAFT-- 12/15/98--CHS Lease agreement