Mortgagee’s Time to Cure Sample Clauses

Mortgagee’s Time to Cure. If the City timely receives a written request from a Mortgagee requesting a copy of any notice of non-compliance given to Developer under the terms of this Agreement, the City shall provide a copy of that notice to the Mortgagee within ten
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs
Mortgagee’s Time to Cure. If the City timely receives a written request from a Mortgagee requesting a copy of any notice of non-compliance given to Developer under the terms of this Agreement, the City shall provide a copy of that notice to the Mortgagee within ten (10) days of sending the notice of non-compliance to Developer. The Mortgagee shall have the right, but not the obligation, to cure the non-compliance for a period of sixty (60) days after the Mortgagee receives written notice of non-compliance, or any longer period as is reasonably necessary, not to exceed one hundred twenty (120) days, to remedy such items of non-compliance, by mutual consent of the City and the Mortgagee provided that Mortgagee shall continuously and diligently pursue the remedy at all times until the item of non-compliance is cured.
Sample 1Sample 2See All (4)
Mortgagee’s Time to Cure. The City shall provide a copy of any Notice of Default to the Mortgagee within ten (10) days after sending the Notice of Default to CRT. The Mortgagee shall have the right, but not the obligation, to cure the default for a period of thirty (30) days after receipt of such Notice of Default. Notwithstanding the foregoing, if such default shall be a default which can only be remedied by such Mortgagee obtaining possession of the CRT Property, or any portion thereof, and such Mortgagee seeks to obtain possession, then such Mortgagee shall have until thirty (30) days after the date of obtaining such possession to cure or, if such default cannot reasonably be cured within such period, to commence to cure such default; provided, further, that a Mortgagee shall not be required to cure any non-curable default of CRT, which default shall be deemed cured upon any Mortgagee obtaining possession.
Sample 1
Mortgagee’s Time to Cure. With respect to any such notices or demands relating to breaches or defaults or alleged breaches or defaults by Developer under this Agreement, the City shall provide a copy of such notice to each Mortgagee within ten (10) days of sending such notice to the Developer. The Mortgagee shall have the right, but not the obligation, to cure the default for a period of sixty (60) days after the later of (a) the expiration of the notice and/or cure period that Developer is given to cure such default under this Agreement, or (b) such longer period as is reasonably necessary to remedy such default(s) and, at its option, to add the cost thereof to the security interest debt and the lien on its security interest, provided that the Mortgagee shall continuously and diligently pursue such remedy at all times until such default(s) is cured, subject to Force Majeure delays. Notwithstanding the foregoing, if such default is of a nature that can only be remedied by such Mortgagee obtaining possession of the Property, or any portion thereof, and such Mortgagee seeks to obtain possession, such Mortgagee (or its designee or nominee) shall have until sixty (60) days after the date of obtaining such possession to cure or, if such default cannot reasonably be cured within such period, to commence to cure such default, provided that such Mortgagee (or its designee or nominee) shall‌ continuously and diligently pursue such remedy at all times until such default(s) is cured, subject to Force Majeure delays.
Sample 1
Mortgagee’s Time to Cure. The Mortgagee shall have the right, but not the obligation, to cure in 2a6c3c1ordance with all applicable cure provisions herein. However, with respect to portion(s) o2f6t3h2e Property owned by SHS and subject to the provisions of Paragraph 12.6(e), if the default i2s6a33default that can only be cured by the Mortgagee obtaining possession of such portion of the26P3ro4perty and the Mortgagee promptly seeks and diligently proceeds to obtain possession by al2l6l3e5gal means, the Mortgagee shall have ninety (90) days after the date the Mortgagee obtains possession to cure the default.
Sample 1
Mortgagee’s Time to Cure. The City shall provide a copy of any notice of default to the Mortgagee within ten (10) days of sending the notice of default to the Property Owner. The Mortgagee shall have the right, but not the obligation, to cure the default for a period of sixty (60) days after receipt of such notice of default, or such longer period as is reasonably necessary to remedy such default(s), provided that the Mortgagee shall continuously and diligently pursue such remedy at all times until such default(s) is cured. Notwithstanding the foregoing, if such default is of a nature that can only be remedied by such Mortgagee obtaining possession of a Property, or any portion thereof, and such Mortgagee seeks to obtain possession, such Mortgagee shall have until sixty (60) days after the date of obtaining such possession to cure or, if such default cannot reasonably be cured within such period, to commence to cure such default, provided that such default is cured no later than one (1) year after Mortgagee obtains such possession.
Sample 1

Related to Mortgagee’s Time to Cure

  • Landlord’s Default Subject to Landlord's right to dispute its obligation in accordance with Section 5.1.5(b), if Landlord shall default in the performance or observance of any of its covenants or obligations set forth in this Agreement, and any such default shall continue for a period of ten (10) days after Notice thereof with respect to monetary defaults, and thirty (30) days after Notice thereof with respect to non-monetary defaults, from Tenant to Landlord and, subject to Section 19.3, any applicable Facility Mortgagee, or such additional period as may be reasonably required to correct such non-monetary defaults, Tenant may declare the occurrence of a "Landlord Default" under this Agreement by giving Notice of such declaration to Landlord and to such Facility Mortgagee. Thereafter, Tenant may (but shall have no obligation to) cure the same and, subject to the provisions of the following paragraph, invoice Landlord for costs and expenses (including reasonable attorneys' fees, paralegals' fees and court costs) incurred by Tenant in curing the same. If any such costs and expenses have not been reimbursed to Tenant as of the fifth (5th) day after the Landlord receives Tenant's Notice therefor, Landlord shall pay to Tenant, a late charge computed at the Overdue Rate on the amount of such reimbursement from the expiration of the applicable cure period to the date of payment thereof. Except as otherwise expressly provided herein to the contrary, Tenant shall have no right to terminate this Agreement for any default by Landlord hereunder or under the Other Leases and no right, for any such default, to offset or counterclaim against any Rent or other charges due hereunder. If Landlord shall in good faith dispute the occurrence of any Landlord Default and Landlord, before the expiration of the applicable cure period, shall give Notice thereof to Tenant, setting forth, in reasonable detail, the basis therefor, no Landlord Default shall be deemed to have occurred and Landlord shall have no obligation with respect thereto until final adverse determination thereof; provided, however, that in the event of any such adverse determination, Landlord shall pay to Tenant interest on any disputed funds at the Disbursement Rate, from the date demand for such funds was made by Tenant until the date of final adverse determination and, thereafter, at the Overdue Rate until paid. During the term of the Operating Agreement, Landlord shall indemnify and hold Tenant harmless against all claims, costs and expenses (including reasonable attorneys' fees and paralegals' fees) arising from a Landlord Default under the terms and conditions of this Agreement which shall cause an Event of Default under Section 16.01 of the Operating Agreement or a breach by Landlord of its obligations under the Owner Agreement or the Pooling Agreement. The provisions of this Section 14.2 shall survive the termination, expiration or cancellation of this Agreement for a period of five (5) years.

  • Landlord’s Right of Entry Landlord shall be allowed access to the premises, at any reasonable hour for the purpose of examining or exhibiting of same, and for making such repairs or alterations either as Landlord may deem necessary or appropriate or as Tenant may request. Tenants are not allowed to interfere with showings as this is a direct violation of your lease. In the City of Urbana Landlord will give tenants 24 hours notice. While not required in Champaign, Landlord will make reasonable effort to give tenant advance notice and may provide this notice through phone, email, verbal or posting notice. In cases of emergency repairs or due to complaints, Landlord may have to enter the premises with no formal notice.

Time is Money Join Law Insider Premium to draft better contracts faster.