Common use of Notice and Cure Rights of Leasehold Mortgagees and Limited Partner With Respect to Tenant Defaults Clause in Contracts

Notice and Cure Rights of Leasehold Mortgagees and Limited Partner With Respect to Tenant Defaults. County, upon delivery to Tenant of any notice of a default or demand for payment by Tenant under this Lease or a matter as to which County may predicate or claim a default, will promptly deliver a copy of such notice to each Leasehold Mortgagee and to the Limited Partner. Notwithstanding anything to the contrary set forth in this Lease, each notice or demand required to be given by County to a Leasehold Mortgagee and the Limited Partner under this Lease shall be in writing and shall be given by certified or registered mail, postage prepaid, return receipt requested, to such Leasehold Mortgagee and the Limited Partner at the address(es) provided by such Leasehold Mortgagee and the Limited Partner, as applicable, to County from time to time in writing and shall be effective upon receipt (or refusal to accept receipt). No notice or demand given by County to Tenant shall be effective until the duplicate copy of such notice or demand to the Tenant shall have been effectively given to each Leasehold Mortgagee and to the Limited Partner in accordance with this Lease. From and after the date such notice has been given to any Leasehold Mortgagee and to the Limited Partner, such Leasehold Mortgagee and the Limited Partner shall have the same cure period for such default (or act or omission which is the subject matter of such notice) that is provided to Tenant under this Lease or as otherwise agreed upon by County and the Tenant, to commence and/or complete a cure of such default (or act or omission which is the subject matter of such notice). County shall accept any and all performance by or on behalf of any Leasehold Mortgagee(s) and/or by the Limited Partner, including by any receiver obtained by any Leasehold Mortgagee(s), as if the same had been done by Xxxxxx. Tenant authorizes each Leasehold Mortgagee and the Limited Partner to take any such action at such Leasehold Mortgagee’s or Limited Partner’s (as applicable) option, and hereby authorizes any Leasehold Mortgagee and Limited Partner (or any receiver or agent) to enter upon the Premises for such purpose.

Appears in 4 contracts

Samples: Ground Lease, Ground Lease, Ground Lease

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Notice and Cure Rights of Leasehold Mortgagees and Limited Partner With Respect to Tenant Defaults. County, upon delivery to Tenant of any notice of a default or demand for payment by Tenant under this Lease or a matter as to which County may predicate or claim a default, will promptly deliver a copy of such notice to each Leasehold Mortgagee and to the Limited Partner. Notwithstanding anything to the contrary set forth in this Lease, each Each notice or demand required to be given by County to a Leasehold Mortgagee and the Limited Partner under this Lease shall be in writing and shall be given by certified or registered mail, postage prepaid, return receipt requested, to such Leasehold Mortgagee and the Limited Partner at the address(es) provided by such Leasehold Mortgagee and the Limited Partner, as applicable, to County from time to time in writing and shall be effective upon receipt (or refusal to accept receipt). No notice or demand given by County to Tenant shall be effective until the duplicate copy of such notice or demand to the Tenant shall have been effectively given to each Leasehold Mortgagee and to the Limited Partner in accordance with this Lease. From and after the date such notice has been given to any Leasehold Mortgagee and to the Limited Partner, such Leasehold Mortgagee and the Limited Partner shall have the same cure period for such default (or act or omission which is the subject matter of such notice) that is provided to Tenant under this Lease or as otherwise agreed upon by County and the Tenant, to commence and/or complete a cure of such default (or act or omission which is the subject matter of such notice). County shall accept any and all performance by or on behalf of any Leasehold Mortgagee(s) and/or by the Limited Partner, including by any receiver obtained by any Leasehold Mortgagee(s), as if the same had been done by XxxxxxTenant. Tenant authorizes each Leasehold Mortgagee and the Limited Partner to take any such action at such Leasehold Mortgagee’s or Limited Partner’s (as applicable) option, and hereby authorizes any Leasehold Mortgagee and Limited Partner (or any receiver or agent) to enter upon the Premises for such purpose.

Appears in 1 contract

Samples: Ground Lease

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