Common use of Limitation on County’s Termination Right Clause in Contracts

Limitation on County’s Termination Right. If following the delivery of notice pursuant to Section 17.4, above, the default by Tenant continues and is not cured by Tenant (or any Leasehold Mortgagee or the Limited Partner as allowed under Section 17.4, above), and such failure entitles County to terminate this Lease, County shall have no right to terminate this Lease unless County shall notify in writing each and every Leasehold Mortgagee and the Limited Partner who has complied with Section 17.3 of County’s intent to so terminate at least ninety (90) days in advance of the proposed effective date of such termination. If any Leasehold Mortgagee or the Limited Partner, within such ninety (90) day period, (i) notifies County of such Leasehold Mortgagee’s or Limited Partner’s desire to cure such default and initiates such cure and (ii) pays or cause to be paid the amount that is necessary to cure any monetary default as stated in such notice, if any, then Section

Appears in 4 contracts

Samples: Ground Lease, Ground Lease, Ground Lease

AutoNDA by SimpleDocs

Limitation on County’s Termination Right. If following the delivery of notice pursuant to Section 17.4, above, the default by Tenant continues and is not cured by Tenant (or any Leasehold Mortgagee or the Limited Partner as allowed under Section 17.4, above), and such failure entitles County to terminate this Lease, County shall have no right to terminate this Lease unless County shall notify in writing each and every Leasehold Mortgagee and the Limited Partner who has complied with Section 17.3 of County’s intent to so terminate at least ninety sixty (9060) days in advance of the proposed effective date of such termination. If any Leasehold Mortgagee or the Limited Partner, within such ninety sixty (9060) day period, (i) notifies County of such Leasehold Mortgagee’s or Limited Partner’s desire to cure such default and initiates such cure and (ii) pays or cause to be paid the amount that is necessary to cure any monetary default as stated in such notice, if any, then Section

Appears in 1 contract

Samples: Ground Lease

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!