Common use of Notices of Default and Other Notices Under the Lease; Notice of Payments Received; Notice of Default Under this Guaranty Clause in Contracts

Notices of Default and Other Notices Under the Lease; Notice of Payments Received; Notice of Default Under this Guaranty. As a courtesy and accommodation to Guarantor, but not as a condition to Guarantor’s obligations hereunder, Lessor shall endeavor to (a) provide notice to Guarantor of copies of any written notices of default given under the Lease at the same time as, or promptly following, the time it gives such notices to Lessee, (b) provide notice to Guarantor of a copy of any other notice sent under the Lease at the same time as, or promptly following, the time it gives the notice to the Lessee, (c) any notice of nonrenewal of the Credit (as defined in Section 8 below) received from the issuer thereof; and (d) confirm to Guarantor of Lessor’s receipt of any Rental Payments, promptly after such receipt, by fax or telephone, or in such other manner reasonably acceptable to Lessor as Cypress may from time to time request of Lessor, directed to Attn: Xxxx X. Xxxx, Chief Financial Officer, Cypress Semiconductor Corp., 000 Xxxxxxxx Xx., Xxx Xxxx, XX 00000, Telephone: (000) 000-0000, Fax: (000) 000-0000, at such other address as Cypress may from time to time notify Lessee (any such confirmation, however, shall be subject to Section 4 with respect to payments recovered from or repaid by Lessor, as contemplated under Section 4 above, and the collection of instruments received in respect of the Guaranteed Obligations). Except with respect to any obligation of Guarantor to provide a Substitute Credit, as provided in Section 8 below (with respect to which the obligation to provide a Substitute Credit shall be only subject to the notice requirements, if any, provided for in Section 8), Lessor further agrees to provide Guarantor with at least 10 days written notice of Lessor’s assertion that Guarantor has any liability arising under this Guaranty or is required to take any action, during which time Guarantor shall have the right to cure such alleged liability or other breach arising under this Guaranty. For the avoidance of doubt, a Demand Notice given as provided in Section 2 shall be the one and only notice needed to be given hereunder with respect to the Guaranteed Obligations which are the subject of any such Demand Notice (including pursuant to the preceding sentence and Section 2 hereof), and the ensuing Demand Period shall be the 10 day period referred to in the preceding sentence.

Notices of Default and Other Notices Under the Lease; Notice of Payments Received; Notice of Default Under this Guaranty. As a courtesy and accommodation to Guarantor, but not as a condition to Guarantor’s 's obligations hereunder, Lessor shall endeavor to (a) provide notice to Guarantor of copies of any written notices of default given under the Lease at the same time as, or promptly following, the time it gives such notices to Lessee, (b) provide notice to Guarantor of a copy of any other notice sent under the Lease at the same time as, or promptly following, the time it gives the notice to the Lessee, (c) any notice of nonrenewal of the Credit (as defined in Section 8 below) received from the issuer thereof; and (d) confirm to Guarantor of Lessor’s 's receipt of any Rental Payments, promptly after such receipt, by fax or telephone, or in such other manner reasonably acceptable to Lessor as Cypress may from time to time request of Lessor, directed to Attn: Xxxx X. Xxxx, Chief Financial Officer, Cypress Semiconductor Corp., 000 Xxxxxxxx Xx., Xxx Xxxx, XX 00000, Telephone: (000) 000-0000, Fax: (000) 000-0000, at such other address as Cypress may from time to time notify Lessee (any such confirmation, however, shall be subject to Section 4 with respect to payments recovered from or repaid by Lessor, as contemplated under Section 4 above, and the collection of instruments received in respect of the Guaranteed Obligations). Except with respect to any obligation of Guarantor to provide a Substitute Credit, as provided in Section 8 below (with respect to which the obligation to provide a Substitute Credit shall be only subject to the notice requirements, if any, provided for in Section 8), Lessor further agrees to provide Guarantor with at least 10 days written notice of Lessor’s 's assertion that Guarantor has any liability arising under this Guaranty or is required to take any action, during which time Guarantor shall have the right to cure such alleged liability or other breach arising under this Guaranty. For the avoidance of doubt, a Demand Notice given as provided in Section 2 shall be the one and only notice needed to be given hereunder with respect to the Guaranteed Obligations which are the subject of any such Demand Notice (including pursuant to the preceding sentence and Section 2 hereof), and the ensuing Demand Period shall be the 10 day period referred to in the preceding sentence.