Common use of Curing Clause in Contracts

Curing. Lender shall have the right, but shall not have the obligation, to exercise Borrower's rights under the Mortgage Borrower Company Agreement (a) to cure a Mortgage Loan Default or Mortgage Loan Event of Default and (b) to satisfy any Liens, claims or judgments against the Property (except for Liens permitted by the Mortgage Loan Documents), in the case of either (a) or (b), unless Borrower or Mortgage Borrower shall be diligently pursuing remedies to cure to Lender's sole satisfaction. Borrower shall reimburse Lender on demand for any and all costs incurred by Lender in connection with curing any such Mortgage Loan Default or Mortgage Loan Event of Default or satisfying any Liens, claims or judgments against the Property.

Curing. Lender shall have the right, but shall not have the obligation, to exercise Borrower's ’s rights under the Mortgage Borrower Company Borrower’s Operating Agreement (a) to cure a Mortgage Loan Default or Mortgage Loan Event of Default and Default, and/or (b) to satisfy any Liens, claims or judgments against the Property (except for Liens permitted by any of the Mortgage Loan Documents), in the case of either clause (a) or clause (b), unless Borrower or Mortgage Borrower Borrowers shall be diligently pursuing remedies to cure the same to Lender's ’s sole satisfaction. Borrower Borrowers shall reimburse Lender on demand for any and all costs incurred by Lender in connection with curing any such Mortgage Loan Default or Mortgage Loan Event of Default or satisfying any Liens, claims or judgments against the Property, together with interest thereon at the Default Rate from the date incurred by Lender until paid by Borrower.

Curing. Lender shall have the right, but shall not have the obligation, to exercise Borrower's ’s rights under the Mortgage Borrower Company Operating Agreement (a) to cure a Mortgage Loan Default or Mortgage Loan Event of Default and (b) to satisfy any Liens, claims or judgments against the Property Properties (except for Liens permitted by the Mortgage Loan Documents), in the case of either (a) or (b), unless Borrower or Mortgage Borrower shall be diligently pursuing remedies to cure to Lender's ’s sole satisfaction. Borrower shall reimburse Lender on demand for any and all costs incurred by Lender in connection with curing any such Mortgage Loan Default or Mortgage Loan Event of Default or satisfying any Liens, claims or judgments against the any Individual Property.