Common use of Lender to Receive Notices Clause in Contracts

Lender to Receive Notices. Tenant shall notify Lender of any default by Landlord under the Lease which would entitle Tenant to cancel the Lease, and agrees that, notwithstanding any provisions of the Lease to the contrary, no notice of cancellation thereof shall be effective unless Lender shall have received notice of default giving rise to such cancellation and shall have failed within sixty (60) days after receipt of such notice to cure such default, or if such default cannot be cured within sixty (60) days, shall have failed within sixty (60) days after receipt of such notice to commence and thereafter diligently pursue any action necessary to cure such default.

Appears in 5 contracts

Samples: Office Lease Agreement (Lpath, Inc), Federal Facilities Agreement (Pc Connection Inc), Office Lease Agreement (NCL CORP Ltd.)

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Lender to Receive Notices. Tenant shall notify Lender of any default by Landlord under the Lease which would entitle Tenant to cancel the Lease, and agrees that, notwithstanding any provisions of the Lease to the contrary, no notice of cancellation thereof shall be effective unless Lender shall have received notice of default giving rise to such cancellation and shall have failed within sixty thirty (6030) days after receipt of such notice to cure such default, or if such default cannot be cured within sixty thirty (6030) days, shall have failed within sixty thirty (6030) days after receipt of such notice to commence and thereafter diligently pursue any action necessary to cure such default.

Appears in 5 contracts

Samples: Subground Lease Agreement (Cost Plus Inc/Ca/), Lease Agreement (Cost Plus Inc/Ca/), Lease Agreement (Cost Plus Inc/Ca/)

Lender to Receive Notices. Tenant shall notify Lender of any default by Landlord under the Lease which would entitle Tenant to cancel the Lease, and agrees that, notwithstanding any provisions of the Lease to the contrary, no notice of cancellation thereof shall be effective unless Lender shall have received notice of default giving rise to such cancellation and shall have failed within sixty thirty (6030) days after receipt of such notice to cure such default, or if such default is curable but cannot be cured within sixty thirty (6030) days, shall have failed within sixty thirty (6030) days after receipt of such notice to commence and thereafter diligently pursue any action necessary to cure such defaultdefault and shall complete such cure within one hundred and eighty days (180) in the aggregate from Xxxxxx’s receipt of such notice to cure.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

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Lender to Receive Notices. Tenant shall notify Lender of any default by Landlord under the Lease which would entitle Tenant to cancel the Lease, and agrees that, notwithstanding any provisions of the Lease to the contrary, no notice of cancellation thereof shall be effective unless Lender shall have received notice of default giving rise to such cancellation and shall have failed within sixty forty-five (6045) days after receipt of such notice to cure such default, or if such default cannot be cured within sixty forty-five (6045) days, shall have failed within sixty forty-five (6045) days after receipt of such notice to commence and thereafter diligently pursue any action necessary to cure such default, and such default is cured within ninety (90) days after receipt of such notice.

Appears in 1 contract

Samples: Office Lease (Cme Group Inc.)

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