Common use of Notice of Default to Mortgagee and Extension of Right to Cure Clause in Contracts

Notice of Default to Mortgagee and Extension of Right to Cure. If City receives notice from a Mortgagee requesting a copy of any notice of default given Developer hereunder and specifying the address for service thereof, then City shall deliver to such Mortgagee, concurrently with service thereon to Developer, any notice given to Developer with respect to any claim by City that Developer have committed an event of default. Each Mortgagee shall have the right during the same period available to Developer to cure or remedy, or to commence to cure or remedy, the event of default claimed set forth in the City's notice. City, through its City Manager, may extend the thirty-day cure period provided in Section 12.1 for not more than an additional sixty (60) days upon request of Developer or a Mortgagee.

Notice of Default to Mortgagee and Extension of Right to Cure. If the City receives notice from a Mortgagee requesting a copy of any notice of default given Developer hereunder and specifying the address for service thereof, then the City shall deliver to such Mortgagee, concurrently with service thereon to Developer, any notice given to Developer with respect to any claim by the City that Developer have Xxxxxxxxx has committed an event of default. Each Mortgagee shall have the right during the same period available to Developer to cure or remedy, or to commence to cure or remedy, the event of default claimed set forth in the City's ’s notice. The City, through its City Manager, may extend the thirty-day cure period provided in Section 12.1 paragraph 12.2 for not more than an additional sixty (60) days upon request of Developer or a Mortgagee.

Notice of Default to Mortgagee and Extension of Right to Cure. If City receives notice from a Mortgagee requesting a copy of any notice of default given Developer Owner hereunder and specifying the address for service thereof, then City shall deliver to such Mortgagee, concurrently with service thereon to DeveloperOwner, any notice given to Developer Owner with respect to any claim by City that Developer have Owner has committed an event of default. Each Mortgagee shall have the right during the same period available to Developer Owner to cure or remedy, or to commence to cure or remedy, the event of default claimed set forth in the City's notice. City, through its City Manager, may extend the thirty-day cure period provided in Section 12.1 5.1 (Default) for not more than an additional sixty (60) days upon request of Developer Owner or a Mortgagee.

Notice of Default to Mortgagee and Extension of Right to Cure. If City receives notice from a Mortgagee requesting a copy of any notice of default given Developer hereunder and specifying the address for service thereof, then City shall deliver to such Mortgagee, concurrently with service thereon to Developer, any notice given to Developer with respect to any claim by City that Developer have Xxxxxxxxx has committed an event of default. Each Mortgagee shall have the right during the same period available to Developer to cure or remedy, or to commence to cure or remedy, the event of default claimed set forth in the City's ’s notice. City, through its City Manager, may extend the thirty-day cure period provided in Section 12.1 12.2 of this Agreement for not more than an additional sixty (60) days upon request of Developer or a Mortgagee.

Notice of Default to Mortgagee and Extension of Right to Cure. If the City receives notice from a Mortgagee requesting a copy of any notice of default given Developer hereunder and specifying the address for service thereof, then the City shall deliver to such Mortgagee, concurrently with service thereon to Developer, any notice given to Developer with respect to any claim by the City that Developer have has committed an event of default. Each Mortgagee shall have the right during the same period available to Developer to cure or remedy, or to commence to cure or remedy, the event of default claimed set forth in the City's ’s notice. The City, through its City Manager, may extend the thirty-day cure period provided in Section 12.1 Paragraph 10.2 for not more than an additional sixty (60) days upon request of Developer or a Mortgagee.

Notice of Default to Mortgagee and Extension of Right to Cure. If the City receives notice from a Mortgagee requesting a copy of any notice of default given Developer hereunder and specifying the address for service thereof, then the City shall deliver to such Mortgagee, concurrently with service thereon to Developer, any notice given to Developer with respect to any claim by the City that Developer have Xxxxxxxxx has committed an event of default. Each Mortgagee shall have the right during the same period available to Developer to cure or remedy, or to commence to cure or remedy, the event of default claimed set forth in the City's Cityʼs notice. The City, through its City Manager, may extend the thirty-day cure period provided in Section 12.1 paragraph 12.2 for not more than an additional sixty (60) days upon request of Developer or a Mortgagee.