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' : pErAUZT 27. The happening of any one oz more of the fallow-- ':- ing listed events (hereafter referred to singly as "event of default" and plurally as events of default") shall constitute a breach of this lease agreement on the part of the TENANT, namely: a. The filing by, on behalf of ar against TENATdT of any petition or pleading to declare TENANT a bankrupt, voluntary or involuntary, under any ban?t- ruptcy law or act. 'b. The failure of TENANT to pay any RENT payable under this lease agreement and the continued failure to pay the same for five (5) days ar more after written notice of such failure of payment is given to TENANT by LAND1,ORiJ . c. The failure of TENANT to fully~and promptly perform any act required of it-.in the performance" -- of this lease or to otherwise comply with any term ar provision thereof. ~ '.. d. The appointment by any court or under any~law ~: of a receiver, trustee or other custodian of the' property, assets oz business o~ TENANT.- e. The assignmeriti by TENANT .of all" ar any` part . of its property ax- assets far ~h.e benefit of.. credi- tors. Upon the happening of any Event of Default, LANDLORD if it shall so elect, may terminate the TERM of this lease agreement and in the event LANDLORD shall exercise such right of election the same shall be effective as of the date of the event of default upon written notice of LANDLORD'S election given by the latter to TENANT at any time after the date of such event of default. Upon any terminata.on of the TERM hereof, whether by lapse of time or otherwise, TENANT shall promptly surrender possession and vacaL:.: the PREMISES and deliver possession thereof to LAND- LORD and TENANT hereby grants to LAT~TDLORD full and free license to enter into and upon the PREMISES in such event and with or without process of law to repossess the PREMISES as of the LANDLORD'S former estate and to expel ox remove TENANT and any others who may be occupying the PREMISES and to remove therefrom any and all property, using for such purpose such farce as may be necessary wa.thaut being guilty of or liable for trespass, eviction or force- able entry or detainer and without relinquishing LANDLORD'S right to rent or any other right given to LANDLORD hereunder or by operation of law. Except - as otherwise expressly provided, in this lease, TETr'ANT hereby expressly waives the service of any demand far the payment of xenC or for the possession of the PREMISES or to reenter the PREMISES, including -13--