Common use of Default and Cure Rights Clause in Contracts

Default and Cure Rights. During the existence of an event of default by the Ground Lessee hereunder, the Ground Lessor shall accept any curative acts undertaken by or at the instigation of the Leasehold Mortgagee in accordance with the terms of this Section as if the same had been undertaken by the Ground Lessee. If the Ground Lessor shall elect to terminate this Facility Site Lease by reason of any event of default of the Ground Lessee, the Leasehold Mortgagee shall have the right to postpone and extend the specified date for the termination of this Facility Site Lease as fixed by the Ground Lessor in its notice of termination, and in the event the Leasehold Mortgagee fully complies with its obligations and fully cures such event of default within the time periods specified below, no such termination shall be effected by the Ground Lessor, so long as such Leasehold Mortgagee shall (and shall agree with the Ground Lessor by giving a notice to that effect to the Ground Lessor) prior to the effective date of termination, to commence and diligently pursue to completion the following within the times hereinafter provided and shall, in fact, accomplish the following within such time periods:

Default and Cure Rights. During the existence of an event a Site Lease Event of default Default by the Ground Site Lessee hereunder, the Ground Site Lessor shall accept any curative acts undertaken by or at the instigation of the a Leasehold Mortgagee in accordance with the terms of this Section as if the same had been undertaken by the Ground Site Lessee. If Subject to the Ground proviso in Section 13.2(a), if Site Lessor shall elect to terminate this Facility Site Lease by reason of any event Site Lease Event of default Default of the Ground Site Lessee, the Leasehold Mortgagee shall have the right to postpone and extend the specified date for the termination of this Facility Site Lease as fixed by the Ground Site Lessor in its notice of termination, and in the event the Leasehold Mortgagee fully complies with its obligations and fully cures such event Site Lease Event of default Default within the time periods specified below, no such termination shall be effected by the Ground Site Lessor, so long as such Leasehold Mortgagee shall (and shall agree with the Ground Site Lessor by giving a notice to that effect to the Ground Site Lessor) prior to the effective date of termination, to commence and diligently pursue to completion the following within the times hereinafter provided and shall, in fact, accomplish the following within such time periods: