Common use of Extended Cure Period Clause in Contracts

Extended Cure Period. In addition, as to any breach or default by Landlord the cure of which requires possession and control of Landlord’s Premises, provided only that Mortgagee undertakes to Tenant by written notice to Tenant within thirty days after receipt of the Default Notice to exercise reasonable efforts to cure or cause to be cured by a receiver such breach or default within the period permitted by this paragraph, Mortgagee’s cure period shall continue for such additional time (the “Extended Cure Period”) as Mortgagee may reasonably require to either (a) obtain possession and control of Landlord’s Premises and thereafter cure the breach or default with reasonable diligence and continuity or (b) obtain the appointment of a receiver and give such receiver a reasonable period of time in which to cure the default.

Appears in 4 contracts

Samples: Lease Agreement (First California Financial Group, Inc.), Lease Agreement (Ryland Group Inc), Unit Owners Agreement (NBCUniversal Media, LLC)

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Extended Cure Period. In addition, as to any breach or default by Landlord the cure of which requires possession and control of Landlord’s Premises, provided only that Mortgagee undertakes to Tenant by written notice to Tenant within thirty (30) days after receipt of the Default Notice to exercise reasonable efforts to cure or cause to be cured by a receiver such breach or default within the period permitted by this paragraph, Mortgagee’s cure period shall continue for such additional time (the “Extended Cure Period”) as Mortgagee may reasonably require to either (a) obtain possession and control of Landlord’s Premises and thereafter cure the breach or default with reasonable diligence and continuity continuity, or (b) obtain the appointment of a receiver and give such receiver a reasonable period of time in which to cure the default.

Appears in 2 contracts

Samples: Lease Agreement (SP Plus Corp), Commencement Date Agreement (Tokai Pharmaceuticals Inc)

Extended Cure Period. In addition, as to any breach or default by Landlord the cure of which requires possession and control of Landlord’s 's Premises, provided only that Mortgagee undertakes to Tenant by written notice to Tenant within thirty days after receipt of the Default Notice to exercise reasonable efforts to cure or cause to be cured by a receiver such breach or default within the period permitted by this paragraph, Mortgagee’s 's cure period shall continue for such additional time not exceeding thirty (30) days (the “Extended Cure Period”) as Mortgagee may reasonably require to either (a) obtain possession and control of Landlord’s 's Premises and thereafter cure the breach or default with reasonable diligence and continuity or (b) obtain the appointment of a receiver and give such receiver a reasonable period of time in which to cure the default.

Appears in 1 contract

Samples: Final Lease Agreement

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Extended Cure Period. In addition, as to any breach or default by Landlord the cure of which requires possession and control of Landlord’s Premises, provided only that Mortgagee undertakes to Tenant by written notice to Tenant within thirty (30) days after receipt of the Default Notice to exercise reasonable efforts to cure or cause to be cured by a receiver such breach or default within the period permitted by this paragraph, Mortgagee’s cure period shall continue for such additional time (the “Extended Cure Period”) as Mortgagee may reasonably require to either (a) obtain possession possessions and control of Landlord’s Premises and thereafter cure the breach or default with reasonable diligence and continuity continuity; or (b) obtain the appointment of a receiver and give such receiver a reasonable period of time in which to cure the default.

Appears in 1 contract

Samples: Lease Agreement (M/a-Com Technology Solutions Holdings, Inc.)

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