Mortgage and Ground Lessor Protection. Tenant agrees to give each Holder, by registered or certified mail, a copy of any notice of default served upon the Landlord by Tenant, provided that prior to such notice Tenant has been notified in writing of the address of such Holder (hereafter, a “Noticed Holder”). Tenant further agrees that if Landlord shall have failed to cure such default within thirty (30) days after such notice to Landlord (or if such default cannot be cured or corrected within that time, then within such additional time (not to exceed ninety (90) days in total) as may be necessary if Landlord has commenced such cure within such thirty (30) days and is diligently pursuing the remedies or steps necessary to cure or correct such default), then prior to Tenant pursuing any remedy for such default provided hereunder, at law or in equity, any Noticed Holder shall have an additional thirty (30) days within which to cure or correct such default (or if such default cannot reasonably be cured or corrected within that time, then such additional time (not to exceed sixty (60) days in total) as may be necessary if the Noticed Holder has commenced within such thirty (30) days and is diligently pursuing the remedies or steps necessary to cure or correct such default). For the avoidance of doubt, Landlord and Tenant agree that (i) the aforementioned notice and cure periods shall run concurrently with the Section 16.1 notice and cure periods; and (ii) nothing herein shall operate to extend the period of time for Landlord’s monetary obligations contained herein.
Appears in 1 contract
Sources: Datacenter Lease (SAVVIS, Inc.)
Mortgage and Ground Lessor Protection. Tenant agrees to give each Holderany holder of any mortgage and any ground lessor, by registered or certified mail, a copy of any notice of default served upon the Landlord by Tenant, provided that prior to such notice Tenant has been notified in writing (by way of service on Tenant of a copy of Assignment of Rents and Leases, or otherwise) of the address of such Holder mortgage holder or ground lessor (hereafter, a “Noticed Holder”hereafter the "Notified Party"). Tenant further agrees that if Landlord shall have failed to cure such default within thirty twenty (3020) days after such notice to Landlord (or if such default cannot be cured or corrected within that time, then within such additional time (not to exceed ninety (90) days in total) as may be necessary if Landlord has commenced such cure within such thirty twenty (3020) days and is diligently pursuing the remedies or steps necessary to cure or correct such default), then prior to Tenant pursuing any remedy for such default provided hereunder, at law or in equity, any Noticed Holder the Notified Party shall have an additional thirty (30) days within which to cure or correct such default (or if such default cannot reasonably be cured or corrected within that time, then such additional time (not to exceed sixty (60) days in total) as may be necessary if the Noticed Holder Notified Party has commenced within such thirty (30) days and is diligently pursuing the remedies or steps necessary to cure or correct such default). For Until the avoidance time allowed, as aforesaid, for the Notified Party to cure such default has expired without cure, Tenant shall ▇▇▇▇ no right to, and shall not, terminate this Lease on account of doubt, Landlord and Tenant agree that (i) the aforementioned notice and cure periods shall run concurrently with the Section 16.1 notice and cure periods; and (ii) nothing herein shall operate to extend the period of time for Landlord’s monetary obligations contained herein's default.
Appears in 1 contract
Mortgage and Ground Lessor Protection. Tenant agrees to give each Holderany holder of any mortgage and any ground lessor, by registered or certified mail, a copy of any notice of default served upon the Landlord by Tenant, provided that prior to such notice Tenant has been notified in writing (by way of service on Tenant of a copy of Assignment of Rents and Leases, or otherwise) of the address of such Holder mortgage holder or ground lessor (hereafter, a “Noticed Holder”hereafter the "Notified Party"). Tenant further agrees that if Landlord shall have failed to cure such default within thirty twenty (3020) days after such notice to Landlord (or if such default cannot be cured or corrected within that time, then within such additional time (not to exceed ninety (90) days in total) as may be necessary if Landlord has commenced such cure within such thirty twenty (3020) days and is diligently pursuing the remedies or steps necessary to cure or correct such default), then prior to Tenant pursuing any remedy for such default provided hereunder, at law or in equity, any Noticed Holder the Notified Party shall have an additional thirty (30) days within which to cure or correct such default (or if such default cannot reasonably be cured or corrected within that time, then such additional time (not to exceed sixty (60) days in total) as may be necessary if the Noticed Holder Notified Party has commenced within such thirty (30) days and is diligently pursuing the remedies or steps necessary to cure or correct such default). For Until the avoidance time allowed, as aforesaid, for the Notified Party to cure such default has expired without cure, Tenant shall have no right to, and shall not, avail itself of doubt, Landlord and Tenant agree that (i) the aforementioned notice and cure periods shall run concurrently with the Section 16.1 notice and cure periods; and (ii) nothing herein shall operate any remedies available to extend the period it on account of time for Landlord’s monetary obligations contained herein's default.
Appears in 1 contract
Mortgage and Ground Lessor Protection. Tenant agrees to give each Holderany holder of any mortgage and any ground lessor, by registered or certified mail, a copy of any notice of default served upon the Landlord by Tenant, provided that prior to such notice Tenant has been notified in writing (by way of service on Tenant of a copy of Assignment of Rents and Leases, or otherwise) of the address of such Holder mortgage holder or ground lessor (hereafter, a “Noticed Holder”hereafter the "Notified Party"). Tenant further agrees that if Landlord shall have failed to cure such default within thirty twenty (3020) days after such notice to Landlord (or if such default cannot be cured or corrected within that time, then within such additional time (not to exceed ninety (90) days in total) as may be necessary if Landlord has commenced such cure within such thirty twenty (3020) days and is diligently pursuing the remedies or steps necessary to cure or correct such default), then prior to Tenant pursuing any remedy for such default provided hereunder, at law or in equity, any Noticed Holder the Notified Party shall have an additional thirty (30) days within which to cure or correct such default (or if such default cannot reasonably be cured or corrected within that time, then such additional time (not to exceed sixty (60) days in total) as may be necessary if the Noticed Holder Notified Party has commenced within such thirty (30) days and is diligently pursuing the remedies or steps necessary to cure or correct such default) (provided the foregoing shall not extend the notice periods set forth in Article 34 below and Tenant may act pursuant to Article 34 within the time frames therein set forth). For Until the avoidance time allowed, as aforesaid, for the Notified Party to cure such default has expired without cure, Tenant shall nave ▇▇ right to, and shall not, terminate this Lease on account of doubt, Landlord and Tenant agree that (i) the aforementioned notice and cure periods shall run concurrently with the Section 16.1 notice and cure periods; and (ii) nothing herein shall operate to extend the period of time for Landlord’s monetary obligations contained herein's default.
Appears in 1 contract
Mortgage and Ground Lessor Protection. Tenant agrees to give each Holderany Mortgagee, by registered or certified mail, a copy of any notice of default served upon the Landlord by Tenant, provided that prior to such notice Tenant has been notified in writing (by way of service on Tenant of a copy of Assignment of Rents and Leases, or otherwise) of the address of such Holder Mortgagee (hereafter, a “Noticed Holder”hereafter the "Notified Party"). Tenant further agrees that if Landlord shall have failed to cure such default within thirty twenty (3020) days after such notice to Landlord (or if such default cannot be cured or corrected within that time, then within such additional time (not to exceed ninety (90) days in total) as may be necessary if Landlord has commenced such cure within such thirty twenty (3020) days and is diligently pursuing the remedies or steps necessary to cure or correct such default), then prior to Tenant pursuing any remedy for such default provided hereunder, at law or in equity, any Noticed Holder the Notified Party shall have an additional thirty (30) days within which to cure or correct such default (or if such default cannot reasonably be cured or corrected within that time, then such additional time (not to exceed sixty (60) days in total) as may be necessary if the Noticed Holder Notified Party has commenced within such thirty (30) days and is diligently pursuing the remedies or steps necessary to cure or correct such default). For Until the avoidance time allowed, as aforesaid, for the Notified Party to cure such default has expired without cure, Tenant shall ▇▇▇▇ no right to, and shall not, terminate this Lease on account of doubt, Landlord and Tenant agree that (i) the aforementioned notice and cure periods shall run concurrently with the Section 16.1 notice and cure periods; and (ii) nothing herein shall operate to extend the period of time for Landlord’s monetary obligations contained herein's default.
Appears in 1 contract
Sources: Industrial Lease (Qep Co Inc)
Mortgage and Ground Lessor Protection. Tenant agrees to give each Holderany Mortgagee, by registered or certified mail, a copy of any notice of default served upon the Landlord by Tenant, provided that prior to such notice Tenant has been notified in writing (by way of service on Tenant of a copy of Assignment of Rents and Leases, or otherwise) of the address of such Holder Mortgagee (hereafter, a “Noticed Holder”hereafter the "Notified Party"). Tenant further agrees that if Landlord shall have failed to cure such default within thirty twenty (3020) days after such notice to Landlord (or if such default cannot be cured or corrected within that time, then within such additional time (not to exceed ninety (90) days in total) as may be necessary if Landlord has commenced such cure within such thirty twenty (3020) days and is diligently pursuing the remedies or steps necessary to cure or correct such default), then prior to Tenant pursuing any remedy for such default provided hereunder, at law or in equity, any Noticed Holder the Notified Party shall have an additional thirty (30) days within which to cure or correct such default (or if such default cannot reasonably be cured or corrected within that time, then such additional time (not to exceed sixty (60) days in total) as may be necessary if the Noticed Holder Notified Party has commenced within such thirty (30) days and is diligently pursuing the remedies or steps necessary to cure or correct such defaultdefault and does so within ninety (90) days). For Until the avoidance time allowed, as aforesaid, for the Notified Party to cure such default has expired without cure, Tenant shall have no right to, and shall not, terminate this Lease on account of doubt, Landlord and Tenant agree that (i) the aforementioned notice and cure periods shall run concurrently with the Section 16.1 notice and cure periods; and (ii) nothing herein shall operate to extend the period of time for Landlord’s monetary obligations contained herein's default.
Appears in 1 contract
Mortgage and Ground Lessor Protection. Tenant agrees to give each Holderany holder of any mortgage and any ground lessor, by registered or certified mail, a copy of any notice of default served upon the Landlord by Tenant, provided that prior to such notice Tenant has been notified in writing (by way of service on Tenant of a copy of Assignment of Rents and Leases, or otherwise) of the address of such Holder mortgage holder or ground lessor (hereafter, a “Noticed Holder”hereafter the "Notified Party"). Tenant further agrees that if Landlord shall have failed to cure such default within thirty (30) days after such notice to Landlord (or if such default cannot be cured or corrected within that time, then within such additional time (not to exceed ninety (90) days in total) as may be necessary if Landlord has commenced such cure within such thirty (30) days and is diligently pursuing the remedies or steps necessary to cure or correct such default), then prior to Tenant pursuing any remedy for such default provided hereunder, at law or in equity, any Noticed Holder the Notified Party shall have an additional thirty (30) days within which to cure or correct such default (or if such default cannot reasonably be cured or corrected within that time, then such additional time (not to exceed sixty (60) days in total) as may be necessary if the Noticed Holder Notified Party has commenced within such thirty (30) days and is diligently pursuing the remedies or steps necessary to cure or correct such default). For Until the avoidance time allowed, as aforesaid, for the Notified Party to cure such default has expired without cure, Tenant shall have no right to, and shall not, terminate this Lease on account of doubt, Landlord and Tenant agree that (i) the aforementioned notice and cure periods shall run concurrently with the Section 16.1 notice and cure periods; and (ii) nothing herein shall operate to extend the period of time for Landlord’s monetary obligations contained herein's default.
Appears in 1 contract
Sources: Lease Agreement (Agritope Inc)
Mortgage and Ground Lessor Protection. Tenant agrees to give each HolderHolder of any Security Document, by registered or certified mail, a copy of any notice of default served upon the Landlord by Tenant, provided that prior to such notice Tenant has been notified in writing of the address of such Holder (hereafter, a “Noticed Holder”hereafter the "Notified Party"). Tenant further agrees that if Landlord shall have failed to cure such default within thirty (30) days after such notice to Landlord (or if such default cannot be cured or corrected within that time, then within such additional time (not to exceed ninety (90) days in total) as may be necessary if Landlord has commenced such cure within such thirty (30) days and is diligently pursuing the remedies or steps necessary to cure or correct such default), then prior to Tenant pursuing any remedy for such default provided hereunder, at law or in equity, any Noticed Holder the Notified Party shall have an additional thirty (30) days within which to cure or correct such default (or if such default cannot reasonably be cured or corrected within that time, then such additional time (not to exceed sixty (60) days in total) as may be necessary if the Noticed Holder Notified Party has commenced within such thirty (30) days and is diligently pursuing the remedies or steps necessary to cure or correct such default). For Notwithstanding any provision contained to the avoidance contrary, Landlord's obligations with respect to restoration of doubtthe Premises (including, Landlord without limitation, as set forth in Articles 12 and Tenant agree that 13 hereof) shall be subject to the release by Holder of insurance or condemnation proceeds therefor in the manner required (iif so required) by the aforementioned notice and cure periods shall run concurrently with the Section 16.1 notice and cure periods; and (ii) nothing herein shall operate to extend the period of time for Landlord’s monetary obligations contained hereinSecurity Documents.
Appears in 1 contract
Mortgage and Ground Lessor Protection. Tenant agrees to give each Holderany Mortgagee, by registered or certified mail, a copy of any notice of default served upon the Landlord by Tenant, provided that prior to such notice Tenant has been notified in writing (by way of service on Tenant of a copy of Assignment of Rents and Leases, or otherwise) of the address of o such Holder Mortgagee (hereafter, a “Noticed Holder”hereinafter the "Notified Party"). Tenant further agrees that if Landlord shall have failed to cure such default within thirty twenty (3020) days after such notice to Landlord (or if such default cannot be cured or corrected within that time, then within such additional time (not to exceed ninety (90) days in total) as may be necessary if Landlord has commenced such cure within such thirty twenty (3020) days and is diligently pursuing the remedies or steps necessary to cure or correct such default), then prior to Tenant pursuing any remedy for such default provided hereunder, at law or in equity, any Noticed Holder the Notified Party shall have an additional thirty (30) days within which to cure or correct such default (or if such default cannot reasonably be cured or corrected within that time, then such additional time (not to exceed sixty (60) days in total) as may be necessary if the Noticed Holder Notified Party has commenced within such thirty (30) days and is diligently pursuing the remedies or steps necessary to cure or correct such default). For Until the avoidance time allowed, as aforesaid, for the Notified Party to cure such default has expired without cure, Tenant shall have no right to , and shall not, terminate this Lease on account of doubt, Landlord and Tenant agree that (i) the aforementioned notice and cure periods shall run concurrently with the Section 16.1 notice and cure periods; and (ii) nothing herein shall operate to extend the period of time for Landlord’s monetary obligations contained herein's default.
Appears in 1 contract
Sources: Sublease Agreement (Advanced Aerodynamics & Structures Inc/)