Notices to Beneficiary; Cure Rights Sample Clauses

Notices to Beneficiary; Cure Rights. Landlord acknowledges that Beneficiary shall be entitled to all rights to receive notices and cure defaults of Tenant as more particularly described in Sections 18 and 21 of the Lease (or in any other similar section of the Lease). Without in any way limiting the foregoing, Landlord and Tenant shall deliver to Beneficiary copies of all notices or demands given by Landlord or Tenant under the Lease, including without limitation any notices of default. Such copies shall be given to Beneficiary at the same time that such notices or demands are given to the other party, and may be personally delivered or mailed in the manner provided herein for giving notices. No notice by Landlord or Tenant under the Lease shall be deemed to have been given unless and until a copy thereof shall have been given to Beneficiary as set forth in this Consent. In addition to the cure periods provided Tenant under Section 18 of the Lease, in the event of any default under the Lease ("default"), Beneficiary shall have the right to cure the same during the period (hereinafter referred to as the "Cure Period") ending thirty (30) days after the later of (a) receipt by Beneficiary of written notice of such default from Landlord, or (b) expiration of any grace period given to Tenant in which to cure such default; provided that if such default is of a nature that it cannot be remedied by Beneficiary within such period, then such period shall be extended for such additional time as may be reasonably necessary to cure such default so long as Beneficiary promptly commences action to cure the same and proceeds therewith in a diligent manner. To the extent necessary to permit Beneficiary to cure such default, the cure period therefore shall include such additional time as may be reasonably necessary for Beneficiary to accelerate the indebtedness secured by the Deed of Trust, complete any foreclosure sale thereunder, and obtain possession of the Property. In the event that any such foreclosure sale or other action or proceeding shall be subject to any stay or injunction, including without limitation any bankruptcy stay or injunction, Beneficiary shall be deemed to be proceedings in a timely and diligent manner to cure the default if Beneficiary has made or is making reasonable efforts to obtain relief from such stay or injunction. Notwithstanding the foregoing, Beneficiary shall not be obligated cure any default with respect to a Tenant Specific Non-Monetary Covenant and Landlord shall not termi...
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Related to Notices to Beneficiary; Cure Rights

  • Payment after Notice of Termination The Manager’s acceptance of any payment of arrears or of any other payment for the use or occupation of the Room, after delivery of a notice terminating this Agreement to the Resident, does not operate as waiver of a notice of termination, nor reinstatement of this Agreement.

  • PERSONAL INJURY BENEFITS A. 1. Whenever a teacher is absent from duty as a result of personal injury caused by an accident or an assault and/or battery upon the teacher arising out of and in the course of employment, the teacher will be paid full salary (less the amount of any worker's compensation paid for said injury) for the period of such absence not to exceed 189 working days.

  • Notice of Retirement (a) If an Employee gives the Board an irrevocable notice of retirement by October 1st three (3) years prior to the year of retirement, the Board shall pay him/her a six percent (6%) retirement incentive, inclusive of any other increases in compensation for each of his/her remaining three years of service.

  • Notice of Termination Payment As soon as practicable after calculation of a Termination Payment, notice shall be given by the Non-Defaulting Party to the Defaulting Party of the amount of the Termination Payment and whether the Termination Payment is due to or due from the Non-Defaulting Party. The notice shall include a written statement explaining in reasonable detail the calculation of such amount. Subject to Section 5.4(b) above, the Termination Payment shall be made by the Party that owes it within three (3) Business Days after such notice is effective.

  • NO EXPECTATION OF CONTINUED EMPLOYMENT BEYOND TERM OF CONTRACT Neither this contract nor any Board Policy, rule or evaluation procedure shall confer upon the Employee continued employment beyond the term provided in this contract.

  • Survivor Benefits 1. A surviving dependent of a retiree who was eligible to receive a Retiree Medical Grant, as stated above in A through C, and who qualifies for a monthly allowance shall be eligible for fifty (50) percent of the Grant authorized for the retiree.

  • Survivor’s Benefits Benefits for the surviving family members of individuals who have died from COVID–19, including cash assistance to widows, widowers, or dependents of individuals who died of COVID–19.

  • Pension Contributions While on Short Term Disability Contributions for OMERS Plan Members When an employee/plan member is on short-term sick leave and receiving less than 100% of regular salary, the Board will continue to deduct and remit OMERS contributions based on 100% of the employee/plan member’s regular pay.

  • Withdrawal of Termination Notice Notwithstanding anything inconsistent contained in this Agreement, if the Party who has been served with the Termination Notice cures the underlying Event of Default to the satisfaction of the other Party at any time before the Termination occurs, the Termination Notice shall be withdrawn by the Party which had issued the same. Provided that the Party in breach shall compensate the other Party for any direct costs/consequences occasioned by the Event of Default which caused the issue of Termination Notice.

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