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in bankruptcy or file a petition or an answer seeking reorganization or an arrangement <br />or seeking to take advantage of any other law (whether federal or state) relating to reGi <br />or admit (by answer, default or otherwise) the material allegations ofany petition file <br />any bankruptcy, reorganization, insolvency or other proceedings (whether federal or <br />to relief for debtors, or (f) suffer or permit to continue unstayed and in effect 1 <br />consecutive days any judgment, decree or order entered by a court or governmen <br />competent jurisdiction, which assumes control of Lessee approves a petition seeking r <br />of Lessee or any otherjudicial modification of the rights of any ofits creditors or appou <br />trustee or liquidator for Lessee or for all or a substantial part ofany of its business or as <br />in any such event Lessee shall be in default and Lessor shall be entitled to exercise <br />provided in Section 20.1. <br />20.3 No Waiver <br />A waiver by Lessor of any particular default upon the part of Lessee which <br />Lessor to forfeit and terminate this Lease and reenter and take possession, shall not pr <br />of Lessor to forfeit this Lease for any other cause, or for the same cause occurring at a <br />The receipt by Lessor from Lessee ofpayment ofrentals, royalties, or other sums after i <br />of any default that would authorize Lessor to declaze a forfeiture of this Lease, or <br />ith creditors <br />for debtors, <br />against it in <br />ire) relating <br />• sixty (60) <br />I agency of <br />rganization <br />> a receiver, <br />ts, then and <br />ie remedies <br />Auld entitle <br />nt the right <br />other time. <br />occurrence <br />continued <br />recognition by Lessor of Lessee as its tenant after the occurrence ofany default entitling Lessor to <br />declare a forfeiture shall not be deemed a waiver ofLessor's right of forfeitwe, so long as the cause <br />of forfeitwe continues to exist. Receipt and acceptance by Lessor ofany amounts tendered by Lessee <br />shall not constitute an agreement by Lessor that such amounts are the proper amounts due or a <br />waiver of Lessor's claims for greater amounts. All payments by Lessee to Lessor shall apply on the <br />items longest past due, and the receipt ofany such payment shall not be a waiver either of the right <br />of distress or the right of forfeiture or any other remedy available to Lessor with respect to items <br />which remain undischazged after crediting such payments. <br />20.4 Other Remedies <br />All the royalties, rentals, and other payments herein agreed to be paid by Lessee to Lessor <br />shall be paid by Lessee to Lessor at such places as Lessor shall from time to time in whiting specify, <br />without demand by Lessor and shall be deemed and treated as rents reserved under contract by <br />Lessor, which reserves unto itself all rights and remedies of landlords under all present and futwe <br />laws of the State of Colorado for the collection of the same; and if any of the said royalties, rentals, <br />or other payments shall not be paid when the same become due and payable, as hereinablove provided, <br />Lessor shall have the right to enforce the payment of same by remedies given by law to landlords <br />against delinquent tenants for nonpayment ofrent, and it is agreed that not only the movable property <br />shall be subject to distress to the extent contemplated and allowed by law, but also that Lessor may <br />Page 12 of 17 <br />