2011 010 Ordinance - Laserfiche WebLink

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3/15/2011 removing and storing such improvements and .equipment prior to retrieval of same by Licensee. Licensor has no obligation to store such equipment, and Licensee shall have no claim if Licensor destroys the equipment if it is not removed by Licensee as provided herein. (b) Should Licensee continue to hold the Premises after the termination of License, whether the termination occurs by lapse of time or otherwise, such holding over shall, unless otherwise agreed to by Licensor in writing, constitute and be construed as a tenancy at will. XX. DEFAULT AND REMEDIES (a) The occurrence of any one or more of the following events shall constitute an "event of default" or "default" under the License: (i) if Licensee fails to pay any License Fee or other sums payable by Licensee and when the License Fee or other sums become due and payable and such failure continues for more than ten (10) days after written notice thereof from Licensor is received pursuant to Article XVII; (ii) if Licensee upon actual receipt of any formal written order or directives relating to the Site from any governmental entity fails to comply with such order or directive within the time limits set forth in such order or directive and any applicable administrative or judicial appeal rights having been exhausted; (iii) if Licensee fails to perform or observe any other term of the License, and such failure continues for more than fifteen (15) days after written notice thereof from Licensor or in the event of a default which cannot, with due diligence be cured within a period of fifteen (15) days, if Licensee does not duly institute within such fifteen (15) day period steps to remedy the same and the same is .not remedied within thirty (30) days or such longer period as mutually agreed by the parties hereto; (iv) for any specifically stated item of default cure shall be determined by the specific Article herein; (b) The occurrence of any one or more of the following events shall constitute an "event of default" or "default" of this License: (i) if any petition is filed by or against Licensee, under any section or chapter of the present or any future federal Bankruptcy Code or under any similar law or statute of the United States or any state thereof (and with respect to any petition filed against Licensee and.. such petition is not dismissed within ninety (90) days after the filing thereof), or Licensee shall be adjudged bankrupt or insolvent in proceedings filed under any section or chapter of the present or any future federal Bankruptcy Code or under any similar law or statute of the United States or any state thereof; (ii) if Licensee becomes insolvent or makes a transfer in fraud of creditors; (iii) if a receiver, custodian, or trustee is appointed by Licensee or for any of the assets of Licensee which appointment is not vacated within ninety (90) days of the date of the appointment; (iv) if Licensee fails to perform or observe any other term of the License, and such failure continues for more than fifteen (15) days after written notice thereof from Licensor or in the event of a default which cannot, with due diligence be cured within a period of fifteen (15) days, if Licensee does not duly institute within such fifteen (15) day period steps to remedy the same and the same is not remedied within thirty (30) days or such longer period as mutually agreed by the parties hereto. (c) In any notice of an alleged default by Licensee from Licensor, Licensor shall specify the nature of the default. After applicable notice and grace periods have expired, at any time thereafter that Licensee remains in default, Licensor may terminate the License, without notice or demand. Upon the applicable termination, Licensee shall immediately surrender Site to Page 1.2 of 26