Common use of Lender Right to Cure Project Company Default Clause in Contracts

Lender Right to Cure Project Company Default. Owner agrees that any Lender will have the right to make any payment and to do any other act or thing required to be performed by Project Company under this Lease, and any such payment, act or thing performed by Lender will be effective to prevent a Breach by Project Company and any forfeiture of any of Project Company’s rights under this Lease as if done by Project Company itself.

Appears in 3 contracts

Samples: Land Lease and Solar Easement (Ellomay Capital Ltd.), Land Lease and Solar Easement (Ellomay Capital Ltd.), Land Lease and Solar Easement

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Lender Right to Cure Project Company Default. Owner Xxxxxxxx agrees that any Lender will have the right to make any payment and to, and subject to the conditions of herein, do any other act or thing required to be performed by Project Company under this Lease, and any such payment, act or thing performed by Lender will be effective to prevent a Breach by Project Company and any forfeiture of any of Project Company’s rights under this Lease as if done by Project Company itself.

Appears in 2 contracts

Samples: Solar Power Purchase Agreement, Option to Lease Agreement

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Lender Right to Cure Project Company Default. Owner Landlord agrees that any Lender will have the right to make any payment and to, and subject to the conditions of herein, do any other act or thing required to be performed by Project Company under this Lease, and any such payment, act or thing performed by Lender will be effective to prevent a Breach by Project Company and any forfeiture of any of Project Company’s rights under this Lease as if done by Project Company itself.

Appears in 1 contract

Samples: Option to Lease Agreement

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