Common use of Default Release Clause in Contracts

Default Release. Notwithstanding anything to the contrary contained herein, Borrower shall have the right to cause the release of any Ground Leased Parcel in order to cure a Default or Event of Default related to such Ground Leased Parcel, provided that (i) prior to releasing such Ground Leased Parcel, Borrower uses commercially reasonable efforts to cure such Default or Event of Default (which efforts shall not require any capital contributions be made to Borrower or include any obligations of Borrower or Guarantor to use any Rents from any Property other than the Ground Leased Parcel that is the subject of the Default or Event of Default to effectuate such cure) and (ii) such Default or Event of Default was not caused by (or at the direction of) Borrower or an Affiliate thereof in bad faith to circumvent the requirements of Section 2.5.2 (a “Default Release”). In connection with any Default Release, Borrower shall be required to satisfy the conditions set forth in Section 2.5.2, except that (I) Borrower shall not be required to satisfy the condition that no Default or Event of Default has occurred and is continuing to the extent any such Default or Event of Default relates to the Individual Property that is the subject of the Default Release and (II) Borrower shall not be required to satisfy the conditions set forth in Section 2.5.2(g).