New Lease for Leasehold Mortgagee. If this Lease shall terminate prior to the expiration of the Term at any time a Leasehold Mortgagee is entitled to cure defaults hereunder, or as a result of rejection of this Lease by a bankruptcy trustee, then, for a period of sixty (60) days measured from the date of notice to such Leasehold Mortgagee of the termination of this Lease, such Leasehold Mortgagee shall have the right to elect to receive from Landlord a new lease of the Premises, but the term of the new lease shall not extend beyond the Term. The Leasehold Mortgagee’s right to elect to receive said new lease shall be upon the following terms and conditions:
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Samples: Ground Lease Template, Ground Lease Template, Ground Lease Template
