Mortgagees Cure Rights. Tenant agrees that if Landlord has notified Tenant in writing of the name and address of any Mortgagee, Tenant shall send to the Mortgagee(s) copies of any default notices sent to Landlord. If Landlord’s default (a) can be cured by the payment of money, any Mortgagee shall have fifteen (15) days to cure the default; (b) cannot be cured by the payment of money but is curable within thirty (30) days, such Mortgagee shall have thirty (30) days to cure the default; and (c) cannot be cured by the payment of money and cannot be cured within thirty (30) days, such Mortgagee shall have such period of time as is necessary to cure the default provided that (i) the Mortgagee shall notify Tenant of its intention to cure the default, (ii) the Mortgagee commences action to cure the default within thirty (30) days and (iii) the Mortgagee thereafter proceeds diligently at all times to cure the default. Notwithstanding the foregoing, in no event shall any Mortgagee have a lesser period of time to cure a default than any period granted to Landlord under this Lease.
Mortgagees Cure Rights. Tenant agrees to provide any mortgagee of the Leased Property with a copy of any notice given to Landlord alleging a default by Landlord under this Lease at the same time such notice of default is given to Landlord, and that in the event of any defaults by Landlord under the Lease, Tenant will take no action to terminate the Lease (a) if the default is not curable by such mortgagee (so long as the default does not interfere with Tenant's use and occupation of the Leased Property) or (b) if the default is curable by mortgagee, unless the default remains uncured for a period of thirty (30) days beyond the date on which the Landlord would be obligated to cure such default under the terms of this Lease; provided, however, that if any such default is not reasonably capable of cure within such thirty (30) day period, such period shall be extended for such additional period of time as shall be reasonably necessary (including, without Limitation, a reasonable period of time for such mortgagee to obtain possession of the Leased Property), if such mortgagee gives Tenant written notice within such thirty (30) day period of mortgagee's election to undertake the cure of such default and if curative action (including, without limitation, action to obtain possession and foreclose upon the Leased Property) is instituted within a reasonable period of time and is thereafter diligently pursued. However, unless such mortgagee so notifies Tenant as provided in the preceding sentence, no such mortgagee shall have any obligation to cure any default under the Lease.
Mortgagees Cure Rights
