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shall submit a written request to Landlord therefor, together with the following information for the proposed assignee: name; most recently prepared annual and quarterly financial statements (including a balance sheet and an income statement); and a description of the length and nature of the experience of the proposed assignee and its principals (if a closely held entity) in the business proposed to be conducted by the assignee on the Premises. In the event that Landlord consents to such release, Landlord shall so notify Tenant in writing. ARTICLE 11 DEFAULT; REMEDIES 11.1 Default. The occurrence of anyone or more of the following events shall constitute a default by Tenant under this Lease: 11.1.1 Unless previously consented in wntmg by Landlord, the failure of Tenant to operate the Premises with the Permitted Use for more than 30 consecutive days, other than failure to operate caused, in the reasonable opinion of Landlord, by a casualty to the Premises. 11.1.2 The failure by Tenant to make any payment of Base Monthly Rent, Impositions or any other payment required to be made by Tenant hereunder, where such failure shall continue for a period of7 (seven) days. 11.1.3 Except as otherwise provided in this Lease, the failure by Tenant to observe or perform any of the non-monetary covenants, conditions, or provisions of this Lease to be observed or performed by Tenant, where such failure shall continue for a period of 30 days after written notice thereof from Landlord to Tenant; provided, however, that if the nature of Tenant's noncompliance is such that more than 30 days are reasonably required for its cure, then Tenant shall not be deemed to be in default if Tenant commences such cure within said 30-day period and thereafter diligently prosecutes such cure to completion and the final determination thereof 11.1.4 The admission by Tenant of its inability to pay debts as they mature. 11.1.5 Institution by or against Tenant of any bankruptcy, insolvency, reorganization, receivership or other similar proceeding involving the creditors of Tenant which, if instituted against Tenant is not dismissed within 60 days after the commencement thereof; 11.1.6 The issuance or filing of any judgment, attachment, levy, garnishment or the commencement of any related proceeding or the commencement of any other judicial process upon or with respect to Tenant, all or substantially all of the assets of Tenant or the Premises. 11. 1.7 Sale or other disposition by Tenant of substantially all of its assets or property. 18