Common use of Mortgagee Protection Clause Clause in Contracts

Mortgagee Protection Clause. Tenant will give Lienholder, by registered mail, a copy of any notice of default Tenant serves on Landlord, provided that Landlord or Lienholder previously notified Tenant (by way of notice of assignment of rents and leases or otherwise) of the address of Lienholder. Tenant further agrees that if Landlord fails to cure such default within the time provided for in this Lease, then Tenant will provide written notice of such failure to Lienholder and Lienholder will have an additional thirty (30) days within which to cure the default. If the default cannot be cured within the additional thirty (30) day period, then Lienholder will have such additional time as may be necessary to effect the cure if, within the thirty (30) day period, Lienholder has commenced and is diligently pursuing the cure (including without limitation commencing foreclosure proceedings if necessary to effect the cure).

Mortgagee Protection Clause. Tenant will give Lienholderthe holder of any Mortgage, by registered mail, a copy of any notice of default Tenant serves on Landlord, provided that Landlord or Lienholder the holder of the Mortgage previously notified Tenant (by way of notice of assignment of rents and leases or otherwise) of the address of Lienholdersuch holder. Tenant further agrees that if Landlord landlord fails to cure such default within the time provided for in this Lease, then Tenant will provide written notice of such failure to Lienholder such holder and Lienholder such holder will have an additional thirty (30) 30 days within which to cure the default. If the default cannot be cured within the additional thirty (30) 30 day period, then Lienholder the holder will have such additional time as may be necessary to effect the cure if, within the thirty (30) 30 day period, Lienholder the holder has commenced and is diligently pursuing the cure (including without limitation commencing foreclosure proceedings if necessary to effect the cure).

Mortgagee Protection Clause. Tenant will give Lienholderthe holder of any Mortgage, by registered mail, a copy of any notice of default Tenant serves on Landlord, provided that Landlord or Lienholder the holder of the Mortgage previously notified Tenant (by way of notice of assignment of rents and leases or otherwise) of the address of Lienholdersuch holder. Tenant further agrees that if Landlord fails to cure such default within the time provided for in this Lease, then Tenant will provide written notice of such failure to Lienholder such holder and Lienholder such holder will have an additional thirty (30) 30 days within which to cure the default. If the default cannot be cured within the additional thirty (30) 30 day period, then Lienholder the holder will have such additional time as may be necessary to effect the cure if, within the thirty (30) 30 day period, Lienholder the holder has commenced and is diligently pursuing the cure (including without limitation commencing foreclosure proceedings if necessary to effect the cure).