Common use of Notice to Mortgagees Clause in Contracts

Notice to Mortgagees. Xxxxxx agrees to give each mortgagee or trust deed holder on the Premises or the Center (“Mortgagee”), by certified mail, a copy of any notice of default served upon Landlord, provided that Xxxxxx has been previously notified in writing of the address of such Mortgagee. Tenant further agrees that if Xxxxxxxx fails to cure such default within the time provided for in this Lease, then the Mortgagees shall have an additional thirty (30) days after Tenant’s notice within which to cure such default, or if such default cannot reasonably be cured within that time, then such additional time as may be necessary if, within said 30-day period, any Mortgagee has commenced and is diligently pursuing the remedies necessary to cure the default (including but not limited to commencement of foreclosure proceedings if necessary to affect such cure), in which event this Lease shall not be terminated while such remedies are being so diligently pursued.

Appears in 1 contract

Samples: CardioVascular BioTherapeutics, Inc.

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Notice to Mortgagees. Xxxxxx Tenant agrees to give each mortgagee or trust deed holder on the Premises or the Center (“Mortgagee”), by certified mail, a copy of any notice of default served upon Landlord, provided that Xxxxxx Tenant has been previously notified in writing of the address of such Mortgagee. Tenant further agrees that if Xxxxxxxx Landlord fails to cure such default within the time provided for in this Lease, then the Mortgagees shall have an additional thirty (30) days after Tenant’s notice within which to cure such default, or if such default cannot reasonably be cured within that time, then such additional time as may be necessary if, within said 30-day period, any Mortgagee has commenced and is diligently pursuing the remedies necessary to cure the default (including but not limited to commencement of foreclosure proceedings if necessary to affect such cure), in which event this Lease shall not be terminated while such remedies are being so diligently pursued.

Appears in 1 contract

Samples: Lease (Locust Walk Acquisition Corp.)

Notice to Mortgagees. Xxxxxx Tenant agrees to give each mortgagee or trust deed holder on the Premises or the Center Building (“Mortgagee”), by certified mail, a copy of any notice of default served upon Landlord, provided that Xxxxxx Tenant has been previously notified in writing of the address of such Mortgagee. Tenant further agrees that if Xxxxxxxx Landlord fails to cure such default within the time provided for in this Lease, then the Mortgagees shall have an additional thirty (30) days after Tenant’s notice within which to cure such default, or if such default cannot reasonably be cured within that time, then such additional time as may be necessary if, within said 30-day period, any Mortgagee has commenced and is diligently pursuing the remedies necessary to cure the default (including but not limited to commencement of foreclosure proceedings if necessary to affect such cure), in which event this Lease shall not be terminated while such remedies are being so diligently pursued.

Appears in 1 contract

Samples: Industrial Net Lease (Halozyme Therapeutics Inc)

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Notice to Mortgagees. Xxxxxx Tenant agrees to give each mortgagee xxxxxagee or trust tnust deed holder on the Premises or the Center (“Mortgagee”)'Mortgagee'9, by certified registered mail, a copy of any notice of default served upon LandlordLandiord, provided that Xxxxxx Tenant has been previously notified in writing of the address of such Mortgagee. Tenant further agrees that if Xxxxxxxx H Landlord fails to cure such default within the time provided for in this Lease, then the Mortgagees shall have an additional thirty (30) days after Tenant’s notice within which to cure such default, or if such default cannot reasonably be cured within that timeUme, then such additional time as may be necessary if, within said 30-day Today period, any Mortgagee has commenced and is diligently pursuing the remedies necessary to cure wire the default (including induding but not limited to commencement of foreclosure proceedings if necessary to affect such cure), in which event this Lease shall not be terminated temminated while such remedies are being so diligently pursued.

Appears in 1 contract

Samples: Sgi International

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