Common use of First Lien Financing Documents Clause in Contracts

First Lien Financing Documents. Borrower shall comply in all material respects with all terms, covenants, and conditions set forth in the First Lien Financing Documents. Promptly upon Borrower’s receipt of any notice of default under the First Lien Financing Documents, Borrower shall provide a copy of such notice to Lender. If Borrower fails to cure such default within any applicable cure period, then, if Borrower has not cured such default within the ten (10)-day period referred to below (or such longer period as agreed between Borrower and Lender) or the First Lien Agent has not agreed to waive or forbear from exercising remedies as a result of such default, Borrower agrees that, upon ten (10) days’ notice to Borrower (during which time Borrower may cure such default or provide evidence of waiver or forbearance), Lender shall have the right to cure such default on Borrower’s behalf and any amounts expended by Lender to cure such default shall be secured by the Mortgage and shall bear interest at the Default Rate.