8x8 2016 Annual Report Download - page 123
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Please find page 123 of the 2016 8x8 annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.C. AnyofTenant'srightsunderthisLeasearesoldorotherwisetransferredbyorundercourtorderorlegalprocessorotherwiseorifanyofthe
actionsdescribedinSection15.2aretakenbyoragainstTenantoranyGuarantor;
D. ThePremisesareusedforanypurposeotherthanaspermittedpursuanttoArticleV;
E. TenantvacatesorabandonsthePremisesorfailstocontinuouslyanduninterruptedlyconductitsbusinessinthePremises;
F. AnyrepresentationorwarrantygivenbyTenantunderorinconnectionwiththisLeaseprovestobemateriallyfalseormisleading;
G. Tenantfailstotimelycomplywiththeprovisionsof(i)Section3.2("TermandCommencement")withinfive(5)daysafterNoticethereof,
(ii)ArticleVI("HazardousMaterials")withinthetimeperiodssetforththerein,(iii)ArticleXI(IndemnityandInsurance)withinfive(5)
daysafterNoticethereof,(iv)ArticleXIV("AssignmentandSubletting")withinfive(5)daysafterNoticethereof,(v)ArticleXVI("
Subordination;EstoppelCertificate;Financials")withinthetimeperiodssetforththerein,(vi)Section19.2("HoldingOver")withinthe
timeperiodssetforththerein,or(vii)Section21.5("ModificationsforMortgagees")withinthetimeperiodssetforththerein;or
H. Tenantfailstoobserve,keep,performorcurewithinfifteen(15)daysafterNoticebyLandlordanyoftheotherterms,covenants,agreements
orconditionscontainedinthisLeaseorthosesetforthinanyotheragreementsorrulesorregulationswhichTenantisobligatedtoobserve
orperform.TheNoticerequiredbythisSubparagraph15.1(h)shallbeinlieuof,andnotinadditionto,anynoticerequiredunder
Section1161,etseq.,oftheCaliforniaCodeofCivilProcedure.
NoNoticegivenunderthisSection15.1shallbedeemedaforfeitureoraterminationofthisLeaseunlessLandlordsoelectsintheNotice.
15.2BankruptcyorInsolvency.InnoeventshallthisLeasebeassignedorassignablebyoperationoflawandinnoeventshallthisLeasebean
assetofTenantinanyreceivership,bankruptcy,insolvencyorreorganizationproceeding.If:
A. AcourtmakesorentersanydecreeororderadjudgingTenanttobeinsolvent,orapprovingasproperlyfiledbyoragainstTenantapetition
seekingreorganizationorotherarrangementofTenantunderanyprovisionsoftheBankruptcyCodeoranyApplicableLawoftheStateof
California,ordirectingthewindinguporliquidationofTenantandsuchdecreeorordershallhavecontinuedforaperiodofthirty(30)days;
B. TenantmakesorsuffersanytransferwhichconstitutesafraudulentorotherwiseavoidabletransferunderanyprovisionsoftheBankruptcy
CodeoranyApplicableLawoftheStateofCalifornia;
C. Tenantassignsitsassetsforthebenefitofitscreditors;or
D. ThematerialpartofthepropertyofTenantoranypropertyessentialtoTenant'sbusinessorofTenant'sinterestinthisLeaseissequestered,
attachedorexecutedupon,andTenantfailstosecureareturnorreleaseofsuchpropertywithinten(10)daysthereafter,orpriortosale
pursuanttosuchsequestration,attachmentorlevy,whicheverisearlier;
thenthis Leaseshall,atLandlord'selection,immediatelyterminateandbeofno furtherforce oreffect whatsoever,withoutthenecessityforany
furtheractionbyLandlord,exceptthatTenantshallnotberelievedofobligationswhichhaveaccruedpriortothedateofsuchtermination.Upon
such termination, the provisions herein relating to the expiration or earlier termination of this Lease shall control and Tenant shall immediately
surrender the Premises in the condition required by the provisions of this Lease. Additionally, Landlord shall be entitled to all relief, including
recoveryofdamagesfromTenant,whichmayfromtimetotimebepermitted,orrecoverable,undertheBankruptcyCodeoranyotherApplicable
LawsoftheStateofCalifornia.
15.3Landlord'sRemedies.UpontheoccurrenceofanEventofDefault,then,inadditiontoandwithoutwaivinganyotherrightsandremedies
availabletoLandlordatlaworinequityorotherwiseprovidedinthis Lease,Landlordmay, atitsoption,cumulativelyor inthealternative, tothe
fullestextentpermittedbyApplicableLawsexercisethefollowingremedies:
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