Common use of Cure Clause in Contracts

Cure. Lender is permitted the opportunity (including, where necessary, sufficient time to gain possession of the interest of Borrower under the Ground Lease) to cure any default under the Ground Lease, which is curable after the receipt of notice of any of the default before the ground lessor thereunder may terminate the Ground Lease.

Appears in 5 contracts

Samples: Acquisition and Project Loan Agreement (KBS Strategic Opportunity REIT II, Inc.), Loan Agreement (Westfield America Inc), Loan Agreement (Alexanders Inc)

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Cure. Lender is permitted the opportunity (including, where necessary, sufficient time to gain possession of the interest of Borrower under the Ground Lease) to cure any default under the Ground Lease, which is curable after the receipt of notice of any of the default before the ground lessor Ground Lessor thereunder may terminate the Ground Lease.

Appears in 2 contracts

Samples: Property Management Agreement (Sunstone Hotel Investors, Inc.), Loan Agreement (FelCor Lodging Trust Inc)

Cure. Mortgage Lender is permitted the opportunity (including, where necessary, sufficient time to gain possession of the interest of Mortgage Borrower under the each Ground Lease) to cure any default under the any Ground Lease, which is curable after the receipt of notice of any of the default before the applicable ground lessor thereunder may terminate the Ground Lease.

Appears in 2 contracts

Samples: Loan Agreement (Hcp, Inc.), Loan Agreement (Hcp, Inc.)

Cure. Lender is permitted the opportunity (including, where necessary, sufficient time to gain possession of the interest of Borrower under the Ground Lease) to cure any default under the Ground Lease, Lease which is curable curable, after the receipt of notice of any of the default default, before the ground lessor thereunder may terminate the Ground Lease.. 45

Appears in 2 contracts

Samples: Loan Agreement (NOVONIX LTD), Loan Agreement (NOVONIX LTD)

Cure. Lender is permitted the opportunity (including, where necessary, sufficient time to gain possession of the interest of Borrower under the Ground Lease) to cure any default under the Ground Lease, which is curable after the receipt of notice of any of the default before the ground lessor Ground Lessor thereunder may terminate the Ground LeaseLease as set forth in Section 11.8 thereof.

Appears in 2 contracts

Samples: Building Loan Agreement (Acadia Realty Trust), Building Loan Agreement (Acadia Realty Trust)

Cure. Mortgage Lender is permitted the opportunity (including, where necessary, sufficient time to gain possession of the interest of Mortgage Borrower under the Ground Lease) to cure any default under the Ground Lease, which is curable after the receipt of notice of any of the default before the ground lessor thereunder may terminate the Ground Lease.

Appears in 2 contracts

Samples: Property Management Agreement (Sunstone Hotel Investors, Inc.), Property Management Agreement (Sunstone Hotel Investors, Inc.)

Cure. Lender is permitted the opportunity (including, where necessary, sufficient time to gain possession of the interest of the applicable Borrower under the Ground Lease) to cure any default under the Ground Lease, which is curable after the receipt of notice of any of the default before the ground lessor thereunder may terminate the Ground Lease.

Appears in 2 contracts

Samples: Loan Agreement (American Realty Capital Trust III, Inc.), Loan Agreement (American Realty Capital Trust III, Inc.)

Cure. Lender is permitted the opportunity (including, where necessaryas expressly set forth in the Ground Lease, sufficient time to gain possession of the interest of Borrower under the Ground Lease) to cure any default under the Ground Lease, Lease which is curable after the receipt of notice of any of the default before the ground lessor thereunder may terminate the Ground Lease.

Appears in 1 contract

Samples: Loan Agreement (TNP Strategic Retail Trust, Inc.)

Cure. Subject to Section 7(b) of the Ground Lease, Lender is permitted the opportunity (including, where necessary, sufficient time to gain possession of the interest of Borrower under the Ground Lease) to cure any default under the Ground Lease, which is curable after the receipt of notice of any of the default before the ground lessor thereunder may terminate the Ground Lease.

Appears in 1 contract

Samples: Loan Agreement (Behringer Harvard Reit I Inc)

Cure. The Lender is permitted the opportunity (including, where necessary, sufficient time to gain possession of the interest of the Borrower under the Ground Lease) to cure any default under the Ground Lease, which is curable after the receipt of notice of any of the default before the ground lessor Landlord thereunder may terminate the Ground Lease.

Appears in 1 contract

Samples: Loan Agreement (Prentiss Properties Trust/Md)

Cure. Lender is permitted the a reasonable opportunity (including, where necessary, sufficient certain time period to gain possession of the interest of Borrower under the Ground Lease) to cure any default under the Ground Lease, which is curable after the receipt of notice of any of the default before the ground lessor thereunder may terminate the Ground Lease.

Appears in 1 contract

Samples: Loan Agreement (CNL Hotels & Resorts, Inc.)

Cure. Lender is permitted the opportunity (including, where necessary, sufficient time to gain possession of the Borrower’s interest of Borrower under the Ground Lease) to cure any default under the Ground Lease, Lease which is curable after the receipt of notice of any of the default before the ground lessor thereunder Ground Lessor may terminate the Ground Lease.

Appears in 1 contract

Samples: Loan Agreement (Morgans Hotel Group Co.)

Cure. Lender is permitted the opportunity (including, where necessary, sufficient time to gain possession of the interest of Borrower under the Ground Lease) to cure any default under the Ground Lease, Lease which is curable curable, after the receipt of notice of any of the default default, before the ground lessor thereunder may terminate the Ground Lease.

Appears in 1 contract

Samples: Loan Agreement (Carter Validus Mission Critical REIT, Inc.)

Cure. Lender is permitted the a reasonable opportunity (including, where necessary, sufficient time to gain possession of the interest of the applicable Leasehold Property Borrower under the each Ground Lease) to cure any default under the each Ground Lease, which is curable after the receipt of notice of any of the default before the ground lessor thereunder may terminate the such Ground Lease.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (Ventas Inc)

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Cure. Lender is permitted the opportunity (including, where necessary, sufficient time to gain possession of the interest of Borrower under the Ground Lease) to cure any default under the Ground Lease, which is curable after the receipt of notice of any of the default before the ground lessor Ground Lessor thereunder may terminate the Ground LeaseLease as set forth in Section 11.8 thereof.

Appears in 1 contract

Samples: Rents and Security Agreement (Acadia Realty Trust)

Cure. Lender is permitted the opportunity (including, where necessary, sufficient time to gain possession of the interest of Borrower under the Ground Lease) to cure any default under the Ground Lease, Lease which is curable curable, after the receipt of notice of any of the default default, before the ground lessor thereunder Ground Lessor may terminate the Ground Lease.

Appears in 1 contract

Samples: Loan Agreement (Wyndham International Inc)

Cure. Lender is permitted the reasonable opportunity (including, where necessary, sufficient reasonable time to gain possession of the interest of Borrower under the Ground Lease, including, without limitation, through legal proceedings) to cure any default under the Ground Lease, which is curable after the receipt of notice of any of the default before the ground lessor thereunder may terminate the Ground Lease.

Appears in 1 contract

Samples: Management Agreement (Ashford Hospitality Prime, Inc.)

Cure. Lender is permitted the opportunity (including, where necessary, sufficient time to gain possession of the interest interests of Borrower under the Ground LeaseLeases) to cure any default under the Ground LeaseLeases, which is curable after the receipt of notice of any of the default before the ground lessor Ground Lessors thereunder may terminate the Ground LeaseLeases.

Appears in 1 contract

Samples: Loan Agreement (Equity Inns Inc)

Cure. The Lender is permitted the opportunity (including, where necessary, sufficient time to gain possession of the interest of the Borrower under the Ground Lease) to cure any default under the Ground Lease, which is curable after the receipt of notice of any of the default before the ground lessor Landlord thereunder may terminate the Ground Lease.

Appears in 1 contract

Samples: Loan Agreement (Meredith Enterprises Inc)

Cure. Lender is permitted the opportunity (including, where necessary, sufficient time to gain possession of the interest of Borrower under the applicable Additional Material Ground Lease) to cure any default under the each Additional Material Ground Lease, which is curable after the receipt of notice of any of the default before the ground lessor Ground Lessor thereunder may terminate the such Additional Material Ground Lease.

Appears in 1 contract

Samples: Loan Agreement (Gramercy Capital Corp)

Cure. The Lender is permitted the opportunity (including, where necessary, sufficient time to gain possession of the interest of the Borrower under the Ground Lease) to cure any default under the Ground Lease, which is curable after the receipt of notice of any of the default before the ground lessor Landlord thereunder may terminate the Ground Lease.. (vii)

Appears in 1 contract

Samples: Loan Agreement (Horizon Group Inc)

Cure. Lender is permitted the a reasonable opportunity (including, where necessary, sufficient time to gain possession of the interest of Borrower under the Ground Lease) to cure any default under the Ground Lease, which is curable after the receipt of notice of any of the default before the ground lessor thereunder may terminate the Ground Lease.

Appears in 1 contract

Samples: Loan Agreement (Macquarie Infrastructure CO LLC)

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