Concurrent Notices. Upon and immediately after the recording of a LEASEHOLD DEED OF TRUST, LESSEE at LESSEE's expense, will [(i) cause to be recorded in the office of the Recorder of San Bernardino County, California, a duly executed and acknowledged written request for a copy of any notice of default and of any notice of sale under such LEASEHOLD DEED OF TRUST as provided by statutes relating thereto]; and (ii) furnish to CALTRANS a complete copy of the LEASEHOLD DEED OF TRUST and note secured thereby, together with the name and address of the holder thereof. CALTRANS will, upon serving LESSEE with any notice of default or termination hereunder, simultaneously serve a copy of such notice upon each LEASEHOLD LENDER, and no such notice of default or termination to LESSEE will be effective unless and until a copy is so served upon each LEASEHOLD LENDER in the manner provided in this LEASE for the giving of notices. Each notice of default given by CALTRANS will state the amounts of whatever rent and other payments herein provided for are then claimed to be in default (or, in the case of any other default, will describe the default with reasonable specificity.) Notwithstanding anything to the contrary in this LEASE, any LEASEHOLD LENDER following the occurrence of a default under the LEASEHOLD DEED OF TRUST may (but will not be obligated to) exercise all of LESSEE’s rights under this LEASE.
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Samples: Right of Way Use Agreement, Right of Way Use Agreement
