Effect of Cure. Upon the timely and proper cure of a default by such Leasehold Mortgagee or New Operator, as the case may be, in accordance with the Lease Agreement, the Lease Agreement shall continue in full force and effect as if no default(s) had occurred. Leasehold Mortgagee’s exercise of Mortgagee’s Cure Rights shall not be deemed an assumption of the Lease Agreement in whole or in part.
Effect of Cure. If a Party timely cures a Default, then no Default shall exist and the noticing Party shall take no further action.
Effect of Cure. If, after giving effect to the foregoing recalculations, Company shall then be in compliance with the requirements of all Financial Performance Covenants, Company shall be deemed to have satisfied the requirements of the Financial Performance Covenants as of the relevant date of determination with the same effect as though there had been no failure to comply therewith at such date, and the applicable breach or default of any such Financial Performance Covenant that would have otherwise occurred on such date but for the application of the foregoing recalculations shall be deemed not to have occurred.
Effect of Cure. A mortgagee shall not be required to continue to exercise Mortgagee’s Cure Rights or otherwise proceed to obtain or to exercise Control of the Shoreside Facilities Sites if and when the default that such mortgagee was attempting to cure shall have been cured. Upon such cure and the cure of any other defaults in accordance with this Agreement, this Agreement shall continue in full force and effect as if no default(s) had occurred, and Columbia shall retain fee simple title to the Shoreside Facilities Sites subject to the City’s reversionary interest.
Effect of Cure. If (i) the circumstance giving rise to an Event of Default has been cured or remedied (without regard to whether it has been cured within any applicable cure period), (ii) the Administrative Agent and the Lenders have not, prior to such cure or remedy, accelerated the Loans, and (iii) the circumstance giving rise to an Event of Default has not had, and could not reasonably be expected to have, a material adverse effect on the Borrowers or the Borrowers’ ability to repay the Loans, then such Event of Default shall be deemed cured and waived for all purposes, but without prejudice to (or waiver of) the Borrowers’ continuing and future obligations under the Loan Documents, whether of the same or different nature as the underlying Event of Default that has been cured.
Effect of Cure. A Leasehold Mortgagee shall not be required to continue to exercise Mortgagee's Cure Rights or otherwise proceed to obtain or to exercise Control of the Leased Property if and when the default that such Leasehold Mortgagee was attempting to cure shall have been cured. Upon such cure and the cure of any other defaults in accordance with this Operating Property Agreement, this Operating Property Agreement shall continue in full force and effect as if no default(s) had occurred.
Effect of Cure. A Leasehold Mortgagee shall not be required to continue to exercise Leasehold Mortgagee's Cure Rights or otherwise proceed to obtain or to exercise Control of the Premises if and when the Default that such Leasehold Mortgagee was attempting to cure shall have been cured. Upon such cure and the cure of any other Defaults in accordance with this Lease, this Lease shall continue in full force and effect as if no Default(s) had occurred. Even if a Leasehold Mortgagee has commenced Leasehold Mortgagee's Cure, such Leasehold Mortgagee may abandon or discontinue Leasehold Mortgagee's Cure at any time, without liability to Landlord or otherwise. Mortgagee's exercise of Leasehold Mortgagee's Cure Rights shall not be deemed an assumption of this Lease in whole or in part. If any Leasehold Mortgagee cures any Default, then such Leasehold Mortgagee shall not be deemed to be subrogated to, or otherwise entitled to the benefits of, any rights or remedies of Landlord under this Lease.
Effect of Cure. A Prime Mortgagee shall not be required to continue to exercise Mortgagee's Cure Rights or otherwise proceed to obtain or to exercise Control of the Premises if and when the Default that such Prime Mortgagee was attempting to cure shall have otherwise been cured.
Effect of Cure. Nothing contained herein shall require Leasehold Mortgagee, as a condition to its exercise of any of its rights hereunder, to cure any default based upon the bankruptcy or insolvency of Tenant. Leasehold Mortgagee shall not be required to commence or continue foreclosure or other steps in the event that the stated default is cured. If the stated default is cured and Leasehold Mortgagee discontinues such foreclosure or other steps, this Lease shall continue in full force and effect as if Tenant had not defaulted under this Lease.
Effect of Cure. Upon the cure of a default by such ArenaCo Lender or New Operator, as the case may be, in accordance with this Agreement, this Agreement shall continue in full force and effect as if no default(s) had occurred. ArenaCo Lender's exercise of ArenaCo Lender's Cure Rights shall not be deemed an assumption of this Agreement in whole or in part.
