Ground Lessor Protective Provisions Sample Clauses

Ground Lessor Protective Provisions. Every Permitted Mortgagee to whom the Ground Lessee grants a Permitted Mortgage upon the Ground Lessee’s leasehold estate in the Premises and Improvements must expressly agree that, subject to the rights of the Permitted Mortgagee provided by this Lease: 10.2.1 The Permitted Mortgagee shall not exercise any of its remedies for any default or defaults of the Ground Lessee under the Deed of Trust, without first providing the Ground Lessor with notice in the manner required herein; 10.2.2 Such Permitted Mortgagee will accept a cure by the Ground Lessor of any such default under the Deed of Trust which is capable of being cured, except the Ground Lessor shall not be required to cure any such default and the Ground Lessor shall have a cure period that will commence upon notice to the Ground Lessor of such default and will be equal in length to the applicable cure period, if any, as provided to the Ground Lessee; and 10.2.3 All payments so made and all things so done or performed by the Ground Lessor will be as effective to prevent an acceleration of the maturity of the indebtedness secured by the Deed of Trust, the foreclosure of any liens securing payment of such indebtedness, or the exercise of any other remedies by such Permitted Mortgagee upon default by the Ground Lessee thereunder, as the same would have been if paid, done or performed by the Ground Lessee instead of the Ground Lessor. The Ground Lessor will not be or become liable to any such Permitted Mortgagee as a result of the right and option to cure any such default or defaults by the Ground Lessee.