Common use of Permitted Institutional Mortgagee Cure Rights Clause in Contracts

Permitted Institutional Mortgagee Cure Rights. (i) The Permitted Institutional Mortgagee may give written notice in the manner specified in Section 17.2 below) to Landlord of its name and address and if such notice is given, Landlord shall give to such Permitted Institutional Mortgagee, a copy of each notice of default by Tenant at the same time as and whenever any such notice of default shall thereafter be given by Landlord to Tenant, addressed to such Permitted Institutional Mortgagee at its address last furnished to Landlord. No such notice by Landlord to Tenant hereunder shall be deemed to have been duly given unless and until a copy thereof has been served on such in the manner provided in this Lease. Further, a Permitted Institutional Mortgagee shall have the following rights upon receipt of any such notice:

Appears in 2 contracts

Samples: Ground Lease, Ground Lease

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Permitted Institutional Mortgagee Cure Rights. (i) The i)The Permitted Institutional Mortgagee may give written notice in the manner specified in Section 17.2 below) to Landlord of its name and address and if such notice is given, Landlord shall give to such Permitted Institutional Mortgagee, a copy of each notice of default by Tenant at the same time as and whenever any such notice of default shall thereafter be given by Landlord to Tenant, addressed to such Permitted Institutional Mortgagee at its address last furnished to Landlord. No such notice by Landlord to Tenant hereunder shall be deemed to have been duly given unless and until a copy thereof has been served on such in the manner provided in this Lease. Further, a Permitted Institutional Mortgagee shall have the following rights upon receipt of any such notice:

Appears in 1 contract

Samples: Ground Lease

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Permitted Institutional Mortgagee Cure Rights. (i) The Permitted Institutional Mortgagee may give written notice in the manner specified in Section 17.2 16.2 below) to Landlord the Town of its name and address and if such notice is given, Landlord Town shall give to such Permitted Institutional Mortgagee, a copy of each notice of default by Tenant at the same time as and whenever any such notice of default shall thereafter be given by Landlord Town to Tenant, addressed to such Permitted Institutional Mortgagee at its address last furnished to LandlordTown. No such notice by Landlord Town to Tenant hereunder shall be deemed to have been duly given unless and until a copy thereof has been served on such in the manner provided in this Lease. Further, a Permitted Institutional Mortgagee shall have the following rights upon receipt of any such notice:

Appears in 1 contract

Samples: Lease

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