Further Cure After Control of Parking Facilities Sample Clauses

Further Cure After Control of Parking Facilities. Upon obtaining Control of the Parking Facilities (whether before or after expiration of any otherwise applicable cure period), such ArenaCo Lender or, in the event the Management Rights are acquired through a Foreclosure Event, such New Operator, shall then be entitled (but not required) to proceed with reasonable diligence and reasonable continuity to cure such nonmonetary defaults as are then reasonably susceptible of being cured by such Security Interest or New Operator (excluding ArenaCo's Personal Defaults, which ArenaCo Lender need not cure), within a reasonable time under the circumstances but, subject to Force Majeure Events, in no event more than 120 days after ArenaCo Lender obtains Control of the Parking Facilities.
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