CURE RIGHTS/PERFORMANCE IMPLEMENTATION; LAST CHANCE NOTICE Sample Clauses

CURE RIGHTS/PERFORMANCE IMPLEMENTATION; LAST CHANCE NOTICE. WHENEVER LEASEHOLD MORTGAGEE’S TIME TO CURE A DEFAULT HAS NOT EXPIRED, LANDLORD SHALL NOT TERMINATE THIS LEASE, ACCELERATE ANY RENT, OR OTHERWISE INTERFERE WITH TENANT’S OR LEASEHOLD MORTGAGEE’S POSSESSION AND QUIET ENJOYMENT OF THE LEASEHOLD ESTATE. LEASEHOLD MORTGAGEE MAY ENTER THE PREMISES TO SEEK TO CURE A DEFAULT OR PERFORM THE OBLIGATIONS OF TENANT. THIS RIGHT OR ITS EXERCISE SHALL NOT BE DEEMED TO GIVE LEASEHOLD MORTGAGEE POSSESSION. NOTWITHSTANDING ANYTHING IN THIS LEASE TO THE CONTRARY, LANDLORD AGREES THAT IN ADDITION TO ALL OTHER APPLICABLE NOTICE AND CURE PERIODS AFFORDED UNDER THIS LEASE, AFTER THE GIVING OF ALL SUCH APPLICABLE NOTICES AND THE EXPIRATION OF ALL SUCH APPLICABLE CURE PERIODS, PRIOR TO ANY TERMINATION OR CANCELLATION OF THIS LEASE, OR THE INTERESTS OF ANY PERSON HEREIN, BECOMING EFFECTIVE AND ENFORCEABLE, LANDLORD SHALL GIVE LEASEHOLD MORTGAGEE A NOTICE MARKED AND TYPED IN BOLDFACE AND NOT LESS THAN 12 POINT TYPEFACE "LAST CHANCE NOTICE" (THE "LAST CHANCE NOTICE"), WHICH LAST CHANCE NOTICE SHALL AFFORD LEASEHOLD MORTGAGEE AN ADDITIONAL FIFTEEN (15) BUSINESS DAYS TO TAKE SUCH ACTIONS AS MAY NECESSARY TO AVOID SUCH TERMINATION OR CANCELLATION OR ANY INTEREST THEREIN. THE FOREGOING IS INTENDED TO AFFORD LEASEHOLD MORTGAGEE A NOTICE AND CURE PERIOD (IN ADDITION TO ALL OTHERS SET FORTH IN LEASE), AND ANY PURPORTED TERMINATION OR CANCELLATION OF THE LEASE OR ANY INTEREST THEREIN, WITHOUT COMPLIANCE WITH THE TERMS OF THIS PARAGRAPH SHALL BE VOID AND OF NO FORCE AND EFFECT.
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Related to CURE RIGHTS/PERFORMANCE IMPLEMENTATION; LAST CHANCE NOTICE

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