Defaults Deemed Cured. On transfer of the Lease at any foreclosure sale under the Leasehold Deed of Trust or by deed or assignment in lieu of foreclosure, or upon creation of a New Lease, any or all of the following defaults relating to the prior owner of the Lease shall be deemed cured:
Defaults Deemed Cured. After a Carrier Default has been cured in all material respects by the Carrier, the Collateral Agent, the Collateral Agent’s nominee or otherwise, there shall no longer be deemed to be any default under the Assigned Agreements or event giving rise to such Carrier Default.
Defaults Deemed Cured. On transfer of the Lease at any foreclosure sale under the Mortgage or by deed or assignment in lieu of foreclosure, or upon creation of a New Lease, any or all of the following defaults relating to the prior owner of the Lease shall be deemed cured:
Defaults Deemed Cured. Once a Wolf Default or SPV Default, as the case may be, has been cured in all material respects by Wolf or the SPV, as the case may be, or the Agent or its nominee, there shall no longer be deemed to be any default under the CCS Agreement in respect of any such default so cured. No curing or attempt to cure any Wolf Default or SPV Default shall be construed as constituting the Agent or its nominee or any of the other Secured Parties as a mortgagee in possession or as an assumption by the Agent or its nominee or any of the other Secured Parties of any of the covenants, obligations or agreements of Wolf or the SPV, as the case may be, under the CCS Agreement.
