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over - the - counter market and prices therefor are published daily on business days in a recognized financial journal, or becomes subject to this provision by making an initial public offering. 15.5 Landlord's Remedies. Any assignment or sublease without Landlord's prior written consent shall at Landlord's election be void, and shall constitute a default. The consent by Landlord to any assignment or sublease shall not constitute a waiver of the provisions of this Section 15, including the requirement of Landlord's prior written consent, with respect to any subsequent assignment or sublease. If Tenant shall purport to assign this Lease or sublease all or any portion of the Premises, or permit any person or persons other than Tenant to occupy the Premises, without Landlord's prior written consent, Landlord may collect rent from the person or persons then or thereafter occupying the Premises and apply the net amount collected to the rent reserved herein, but no such collection shall be deemed a waiver of Landlord's rights and remedies under this Section 15 or the acceptance of any such purported assignee, sublessee or occupant, or a release of Tenant from the further performance by Tenant of covenants on the part of Tenant herein contained. 15.6 Encumbrances, Licenses and Concession Agreements. Tenant shall not encumber its interest under this Lease or any rights of Tenant hereunder, or enter into any license or concession agreement respecting all or any portion of the Premises, without Landlord's prior written consent, and Tenant's granting of any such encumbrance, license, or concession agreement shall constitute an assignment for purposes of this Section 15. 16. Default by Tenant. 16.1 Event of Default. The occurrence of any one or more of the following events (an "Event of Default "), shall constitute a default and breach of this Lease by Tenant: (a) The failure by Tenant to make any payment of rent or any other payment required to be made by Tenant hereunder, as and when due after five (5) days prior written notice to Tenant; (b) Tenant's failure to perform any other term, covenant or condition contained in this Lease and such failure shall have continued for twenty (20) days after written notice of such failure is given to Tenant; provided that, where such failure cannot reasonably be cured within said twenty (20) day period, Tenant shall not be in default if Tenant commences such cure within said twenty (20) day period, and thereafter diligently completes such cure within sixty (60) days; (c) Tenant's failure to continuously and uninterruptedly conduct its business in the Premises for a period of more than thirty (30) consecutive days, or Tenant's removal of all or substantially all of its equipment and other possessions from the Premises, without in either case providing security protection for the Premises reasonably satisfactory to Landlord; Redwood City Lease 10.07. 2010 v.4 (20 Chemical) 15