Common use of Landlord's Termination Notice Clause in Contracts

Landlord's Termination Notice. Anything contained in ----------------------------- this Lease to the contrary notwithstanding, if any default shall occur which entitles Landlord to terminate this Lease, Landlord shall have no right to terminate this Lease unless, following the expiration of the period of time given Developer to cure such default or the act or omission which gave rise to such default, Landlord shall notify every Leasehold Mortgagee of Landlord's intent to so terminate ("Termination Notice") at least thirty (30) days in advance of the proposed effective date of such termination if such default is capable of being cured by the payment of money ("Termination Notice Period"), and at least sixty (60) days in advance of the proposed effective date of such termination if such default is not capable of being cured by the payment of money (also a "Termination Notice Period"). The provisions of subsection 4.7, shall apply if, during such thirty (30) or sixty (60) day Termination Notice Period, any Leasehold Mortgagee shall: 4.6.1.1 Notify Landlord of such Leasehold Mortgagee's desire to nullify such notice; and 4.6.1.2 Pay or cause to be paid all Ground Rent, additional rent and other payments then due and in arrears as specified in the Termination Notice to such Leasehold Mortgagee and which may become due during such thirty (30) or sixty (60) day Termination Notice Period; and 4.6.1.3 Comply or in good faith, with reasonable diligence and continuity, commence to comply with all nonmonetary requirements of this Lease then in default and reasonably susceptible of being complied with by such Leasehold Mortgagee; provided however, that such Leasehold Mortgagee shall not be required during such sixty (60) day Termination Notice Period to cure or commence to cure any default consisting of Developer's failure to satisfy and discharge any lien, charge or encumbrance against the Developer's interest in this Lease or the Premises junior in priority to the lien of the mortgage held by such Leasehold Mortgagee.

Landlord's Termination Notice. Anything contained in ----------------------------- this Lease to the contrary notwithstanding, if any default shall occur which entitles Landlord to terminate this Lease, Landlord shall have no right to terminate this Lease unless, following the expiration of the period of time given Developer to cure such default or the act or omission which gave rise to such default, Landlord shall notify every Leasehold Mortgagee of Landlord's intent to so terminate ("Termination Notice") at least thirty (30) days in advance of the proposed effective date of such termination if such default is capable of being cured by the payment of money ("Termination Notice Period"), and at least sixty (60) days in advance of the proposed effective date of such termination if such default is not capable of being cured by the payment of money (also a "Termination Notice Period"). The provisions of subsection 4.7, shall apply if, during such thirty (30) or sixty (60) day Termination Notice Period, any Leasehold Mortgagee shall: 4.6.1.1 Notify Landlord of such Leasehold Mortgagee's desire to nullify such notice; and 4.6.1.2 Pay or cause to be paid all Ground Rent, additional rent and other payments then due and in arrears as specified in the Termination Notice to such Leasehold Mortgagee and which may become due during such thirty (30) or sixty (60) day Termination Notice Period; and 4.6.1.3 Comply or in good faith, with reasonable diligence and continuity, commence to comply with all nonmonetary requirements of this Lease then in default and reasonably susceptible of being complied with by such Leasehold Mortgagee; provided however, that such Leasehold Mortgagee shall not be required during such sixty (60) day Termination Notice Period to cure or commence to cure any default consisting of Developer's failure to satisfy and discharge any lien, charge or encumbrance encum- brance against the Developer's interest in this Lease or the Premises junior in priority to the lien of the mortgage held by such Leasehold Mortgagee.