Common use of Extended Cure Period Clause in Contracts

Extended Cure Period. In addition, as to any breach or default by Lessor the cure of which requires possession and control of the Leased Premises, provided only that Mortgagee undertakes by written notice to Lessee within thirty (30) days after receipt of the Default Notice to exercise reasonable efforts to cure or cause to be cured by a receiver such breach or default within the period permitted by this paragraph, Mortgagee's cure period shall continue for such additional time (the "Extended Cure Period") as Mortgagee may reasonably require to either (a) obtain possession and control of the Leased Premises and thereafter cure the breach or default with reasonable diligence and continuity or (b) obtain the appointment of a receiver and give such receiver a reasonable period of time in which to cure the default.

Appears in 1 contract

Samples: Lease Agreement (Advanced Fibre Communications Inc)

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Extended Cure Period. In addition, as to any breach or default by Lessor Tenant the cure of which requires possession and control of the Leased Premises, provided only that Mortgagee Landlord undertakes to Subtenant by written notice to Lessee Subtenant within thirty (30) days after receipt of the Default Notice to exercise reasonable efforts to cure or cause to be cured by a receiver such breach or default within the period permitted by this paragraph, Mortgagee's Landlord’s cure period shall continue for such additional time (the "Extended Cure Period") as Mortgagee Landlord may reasonably require to either (a) obtain possession and control of the Leased Premises and thereafter cure the breach or default with reasonable diligence and continuity or (b) obtain the appointment of a receiver and give such receiver a reasonable period of time in which to cure the defaultcontinuity.

Appears in 1 contract

Samples: Unit Owners Agreement (NBCUniversal Media, LLC)

Extended Cure Period. In addition, as to any breach or default by Lessor Landlord the cure of which requires possession and control of the Leased Landlord’s Premises, provided only that Mortgagee Bank undertakes to Tenant by written notice to Lessee Tenant within thirty (30) days after receipt of the Default Notice to exercise reasonable efforts to cure or cause to be cured by a receiver such breach or default within the period permitted by this paragraph, Mortgagee's Bank’s cure period shall continue for such additional time (the "Extended Cure Period") as Mortgagee Bank may reasonably require to either (a) obtain possession and control of the Leased Landlord’s Premises and thereafter cure the breach or default with reasonable diligence and continuity or (b) obtain the appointment of a receiver and give such receiver a reasonable period of time in which to cure the default.

Appears in 1 contract

Samples: Office Lease (PMC Sierra Inc)

Extended Cure Period. In addition, as to any breach or default by Lessor Landlord the cure of which requires possession and control of the Leased Premises, provided only that Mortgagee Superior Landlord undertakes to Tenant by written notice to Lessee Tenant within thirty (30) days after receipt of the Default Notice to exercise reasonable efforts to cure or cause to be cured by a receiver such breach or default within the period permitted by this paragraph, Mortgagee's Superior Landlord’s cure period shall continue for such additional time (the "Extended Cure Period") as Mortgagee Superior Landlord may reasonably require to either (a) obtain possession and control of the Leased Premises and thereafter cure the breach or default with reasonable diligence and continuity or (b) obtain the appointment of a receiver and give such receiver a reasonable period of time in which to cure the defaultcontinuity.

Appears in 1 contract

Samples: Unit Owners Agreement (NBCUniversal Media, LLC)

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Extended Cure Period. In addition, as to any breach or default by Lessor Landlord the cure of which requires possession and control of the Leased PremisesProperty, provided only that Mortgagee Lender undertakes to Tenant by written notice to Lessee Tenant within thirty (30) days after receipt of the Default Notice to exercise reasonable efforts to cure or cause to be cured by a receiver such breach or default within the period permitted by this paragraph, MortgageeLender's cure period shall continue for such additional time (the "Extended Cure Period") as Mortgagee Lender may reasonably require to either (a) obtain possession and control of the Leased Premises Property and thereafter cure the breach or default with reasonable diligence and continuity or (b) obtain the appointment of a receiver and give such receiver a reasonable period of time in which to cure the default.

Appears in 1 contract

Samples: Nondisturbance and Attornment Agreement

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