Common use of Notice of Default; Opportunity to Cure Clause in Contracts

Notice of Default; Opportunity to Cure. Lessor will use best efforts to contemporaneously deliver a copy of any Notice of Default to each Mortgagee for which Xxxxxx has received advanced written notice of such Mortgagee’s interest, concurrently with delivery of such Notice of Default to Lessee. Failure of Lessor to give any such notice to each Mortgagee will not invalidate the Notice of Default. Any best effort by Lessor to provide such notice shall not minimize or replace any separate obligation of Lessee to provide any Mortgagee with any notice including a Notice of Default issued by Lessor.

Appears in 3 contracts

Samples: www.idl.idaho.gov, www.idl.idaho.gov, www.idl.idaho.gov

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Notice of Default; Opportunity to Cure. Lessor will use best efforts to contemporaneously deliver a copy of any Notice of Default to each Mortgagee for which Xxxxxx has received advanced written notice of such Mortgagee’s interest, concurrently with delivery of such Notice of Default to Lessee. Failure of Lessor to give any such notice to each Mortgagee will not invalidate the Notice of Default. Any best effort by Lessor to provide such notice shall not minimize or replace any separate obligation of Lessee to provide any Mortgagee with any notice including a Notice of Default issued by Lessor.

Appears in 1 contract

Samples: Ground Lease Agreement

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