Common use of IN LESSEE DEFAULT Clause in Contracts

IN LESSEE DEFAULT. PERMITTED MORTGAGEE HAS THE RIGHT TO CURE In the event of a default by the Lessee, the Permitted Mortgagee shall be allowed to do all acts required of the Lessee in the Lessee’s stead to cure such default, providing that prior to such cure, the Permitted Mortgagee shall notify the Lessee and Lessor of intent to cure and the time and manner of such cure. The right of the Permitted Mortgagee to cure shall be in the same manner and method as required of the Lessee.

Appears in 9 contracts

Samples: Residential Lease Agreement, Residential Lease Agreement, Residential Lease Agreement

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