Common use of Collateral Agent to Receive Default Notices Clause in Contracts

Collateral Agent to Receive Default Notices. Without limiting the general nature of Section 5 above, Subtenant shall notify Collateral Agent of any default by Sublandlord under the Sublease that would entitle Subtenant to cancel the Sublease, and agrees that, notwithstanding any provisions of the Sublease to the contrary, no notice of cancellation thereof shall be effective unless Collateral Agent shall have received notice of default giving rise to such cancellation and shall have failed within thirty (30) days after receipt of such notice to cure such default or, if such default cannot be cured within thirty (30) days, shall have failed within thirty (30) days after receipt of such notice to commence and thereafter diligently pursue any action necessary to cure such default.

Collateral Agent to Receive Default Notices. Without limiting the general nature of Section 5 4 above, Subtenant Tenant shall notify Collateral Agent of any default by Sublandlord Landlord under the Sublease Lease that would entitle Subtenant Tenant to cancel the SubleaseLease, and agrees that, notwithstanding any provisions of the Sublease Lease to the contrary, no notice of cancellation thereof shall be effective unless Collateral Agent shall have received notice of default giving rise to such cancellation and shall have failed within thirty (30) days after receipt of such notice to cure such default or, if such default cannot be cured within thirty (30) days, shall have failed within thirty (30) days after receipt of such notice to commence and thereafter diligently pursue any action necessary to cure such default.

Collateral Agent to Receive Default Notices. Without limiting the general nature of Section 5 aboveparagraph 5, Subtenant shall notify Collateral Agent of any default by Sublandlord under the Sublease that which would entitle Subtenant to cancel the Sublease, and agrees that, notwithstanding any provisions of the Sublease to the contrary, no notice of cancellation thereof shall be effective unless Collateral Agent shall have received notice of default giving rise to such cancellation and shall have failed within thirty (30) days after receipt of such notice to cure such default or, if such default cannot be cured within thirty (30) days, shall have failed within thirty (30) days after receipt of such notice to commence and thereafter diligently pursue any action necessary to cure such default.