5. HRSR 12-03-2007 - Laserfiche WebLink

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undertakes any alterations in or additions or changes to the Leased Premises without Landlord's consent, Tenant must pay all labor and materials provided to the Leased Premises and keep the Property and the Building free and clear of all mechanics' liens. Tenant shall have the right to contest the correctness or the validity of any such lien if, immediately on demand by Landlord, Tenant procures an irrevocable letter of credit in favor of Landlord in an amount equal to one and one-half times the amount of the claim of the lien. 16. DESTRUCTION OF THE PREMISES. In case of the total or such partial destruction of the Leased Premises by fire, the elements or other casualty, either party may terminate this Lease Agreement by written notice to the other party. 17. CONDEMNATION. In case of the total or such partial loss of the Leased Premises through condemnation, either party may terminate this Lease Agreement by written notice to the other party. 18. DEFAULT OF TENANT. The occurrence of any of the following shall constitute a default and breach of this Lease Agreement by Tenant: a. Any failure by Tenant to pay rent or any other monetary sums required to be paid hereunder (where such failure continues for five (5) days after written notice thereof from Landlord to Tenant). b. The abandonment or vacation of the Leased Premises by Tenant. c. A failure by Tenant to observe and perform any other provision of this Lease Agreement to be observed or performed by Tenant, where such failure continues for twenty (20) days after written notice thereof by Landlord to Tenant; provided, however, that if the nature of such default is such that it cannot reasonably be cured within such twenty (20) day period, Tenant shall not be deemed to be in default if Tenant shall within such period commence such cure and thereafter diligently prosecute the same to completion. d. The making by Tenant of any general assignment or general arrangement for the benefit of creditors; the filing by or against Tenant of a petition to have Tenant adjudged a bankrupt or a petition for reorganization or arrangement under any law relating to bankruptcy (unless, in the case of a petition filed against Tenant, the same is dismissed within ninety (90) days); the appointment of a trustee or receiver to take possession of substantially all of Tenant's assets located at the Leased Premises or of interest in this Lease Agreement, where possession is not restored to Tenant within sixty (60) days; or the attachment, execution or other judicial seizure of substantially all of Tenant's assets located at the leased premises or of Tenant's interest in this Lease Agreement, where such seizure is not discharged within forty-five (45) days. In the event of any such material default or breach of Tenant, Landlord may at any time thereafter without limiting Landlord in the exercise of any right or remedy 2109788v3 4