Leasehold Mortgagee’s Right to Cure. AAF irrevocably directs that the Department accept, and the Department agrees to accept, performance and compliance by a Leasehold Mortgagee of and with any term, covenant, agreement, provision, condition or limitation on AAF’s part to be kept, observed or performed under the Agreement with the same force and effect as though kept, observed or performed by AAF. Notwithstanding anything provided to the contrary in the Agreement, the Agreement shall not be terminated because of a Termination Event of Default until and unless: (i) notice of any such Termination Event of Default shall have been delivered to Leasehold Mortgagee in accordance with the provisions of this Agreement; and (ii) the Leasehold Mortgagee has not cured such default within ninety (90) days following receipt of such notice or, (iii) if such default is curable but cannot be cured within such time period, the Leasehold Mortgagee has not notified the Department within such time period that it intends to cure such default, has not diligently commenced to cure such default, or does not prosecute such cure to completion within one hundred eighty (180) days. Furthermore, notwithstanding anything to the contrary contained herein, if Leasehold Mortgagee determines to foreclose or cause its designee to foreclose the Leasehold Mortgage or to acquire or cause its designee to acquire AAF’s interest in the Property or to succeed or cause its designee to succeed to AAF’s possessory rights with respect to the Property or to appoint a receiver before it effectuates the cure of any AAF default, the cure periods set forth above shall be extended by any period during which foreclosure proceedings, or legal proceedings to succeed to AAF’s possessory rights, or proceedings to appoint the receiver are conducted, as the case may be. Any such proceedings shall be commenced promptly after the notice of default is delivered to Leasehold Mortgagee and shall be diligently prosecuted. Promptly after Leasehold Mortgagee or a designee of Leasehold Mortgagee acquires the Property pursuant to foreclosure proceedings or otherwise or succeeds to AAF’s possessory rights or promptly after a receiver is appointed, as the case may be, Leasehold Mortgagee or its designee shall cure said default.
Leasehold Mortgagee’s Right to Cure. (a) Whenever a Leasehold Mortgage exists as to which [AIRLINE] has been provided notice by the holder thereof in accordance with the Lease Agreement, [AIRLINE] shall, simultaneous with providing the Lessee any required notice under this Agreement, provide a copy of such notice to such Leasehold Mortgagee. Any failure by [AIRLINE] to provide such notice to the Leasehold Mortgagee shall not operate to cure the Lessee Default.
Leasehold Mortgagee’s Right to Cure. Subject to any Cure Period in this Lease, if any default shall occur which, pursuant to any provision of this Lease, purportedly entitles Landlord to terminate this Lease, Landlord shall not be entitled to terminate this Lease, and the notice shall be rendered void, if the Leasehold Mortgagee or trustee under any such mortgage, within thirty (30) days after the default, shall both: (i) either (a) cure the default if the same can be cured by the expenditure of money; or (b) if the default is not so curable, commence, or cause any trustee under the Leasehold Mortgage to commence, and thereafter to diligently and promptly pursue to completion steps and proceedings to foreclose on the interests covered by the Leasehold Mortgage; and (ii) perform or cause the performance of all the covenants and conditions of this Lease requiring the expenditure of money by Tenant until such time as the leasehold shall be sold upon foreclosure pursuant to the Leasehold Mortgage, or shall be released or reconveyed there under, or shall be transferred upon judicial foreclosure or by deed or assignment in lieu of foreclosure.
Leasehold Mortgagee’s Right to Cure. If Lessee, or Lessee’s successors or assigns, shall mortgage this Lease in compliance with the provisions of this Section, then, so long as any such Leasehold Mortgage shall remain unsatisfied of record, the following provisions shall apply:
Leasehold Mortgagee’s Right to Cure. The Leasehold Mortgagee shall have 90 Days after a Concessionaire Default to cure the default. If the Leasehold Mortgagee is working to cure the default, the University may not terminate the Concession Agreement.
Leasehold Mortgagee’s Right to Cure. If Xxxxxx, or Xxxxxx’s successors or assigns, shall mortgage this Lease in compliance with the provisions of this Section, then, so long as any such Leasehold Mortgage shall remain unsatisfied of record, the following provisions shall apply:
Leasehold Mortgagee’s Right to Cure. If an Event of Default occurs, Landlord shall, prior to the termination of this Lease, give written notice of the occurrence of the
