Defaults Curable Only by Obtaining Possession and Personal Defaults. In the case of (i) a nonmonetary default that is not reasonably susceptible of being cured by such Leasehold Mortgagee without obtaining possession of the Arena or (ii) a Personal Default by OVG, such Leasehold Mortgagee shall be entitled (but not required) to proceed as described in Sections 1.7(I) and 1.7(J) (provided that (x) rent and additional rent shall continue to be paid timely during the pendency of such extended cure period, and (y) with respect to any nonmonetary defaults outstanding under Section 1.7(G), such Leasehold Mortgagee shall be exercising its Mortgagee’s Cure Rights thereunder).
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Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding
Defaults Curable Only by Obtaining Possession and Personal Defaults. In the case of (i) a nonmonetary default that is not reasonably susceptible of being cured by such Leasehold Mortgagee without obtaining possession of the Arena or (ii) a Personal Default by OVGArenaCo, such Leasehold Mortgagee shall be entitled (but not required) to proceed as described in Sections 1.7(I16.7(I) and 1.7(J16.7(J) (provided that (x) rent and additional rent the Annual Fee shall continue to be paid timely during the pendency of such extended cure period, and (y) with respect to any nonmonetary defaults outstanding under Section 1.7(G16.7(G), such Leasehold Mortgagee shall be exercising its Mortgagee’s 's Cure Rights thereunder).
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