Common use of Ground Lease Default Clause in Contracts

Ground Lease Default. Any default by any of the Borrowers beyond any applicable grace period shall occur under any Ground Lease or any actual or attempted surrender, termination, modification or amendment of any Ground Lease without Lender's prior written consent. If more than one of the foregoing paragraphs shall describe the same condition or event, then Lender shall have the right to select which paragraph or paragraphs shall apply. In any such case, Lender shall have the right (but not the obligation) to designate the paragraph or 84 paragraphs which provide for non-written notice (or for no notice) or for a shorter time to cure (or for no time to cure).

Ground Lease Default. Any default by any of the Borrowers Borrower beyond any applicable grace period shall occur under any the Ground Lease or any actual actual, attempted or attempted purported surrender, termination, modification or amendment of any the Ground Lease without Lender's prior written consent. If more than one of the foregoing paragraphs shall describe the same condition or event, then Lender shall have the right to select which paragraph or paragraphs shall apply. In any such case, Lender shall have the right (but not the obligation) to designate the paragraph or 84 paragraphs which provide for non-written notice (or for no notice) or for a shorter time to cure (or for no time to cure).