Common use of Notices to Company Mortgagees Clause in Contracts

Notices to Company Mortgagees. If at any time after any Company Mortgage is recorded in the Official Public Records of Dallas County, Texas, the Company or the holder of the Company Mortgage notifies the City in writing of the existence of the Company Mortgage and furnishes the City with the address(es) to which the Company Mortgagee desires copies of notices to the Company under this Agreement be sent (each such holder of a Company Mortgage of whom the City is given notice being a "Company Mortgagee"), then the City shall thereafter mail (by certified mail) to each Company Mortgagee or agent thereof, at the address so given, by any method of delivery permitted hereunder at the same time that the notice is placed in the mail or otherwise delivered to the Company, duplicate copies of any and all notices of default required to be sent pursuant to this Agreement. The City's failure to deliver copies of any notices to any Company Mortgagee will not impair or negate the validity or effectiveness of any notice delivered to the Company nor delay the City's right to pursue any available remedy other than termination of this Agreement, but will delay the start of any cure periods afforded to such Company Mortgagee under this Section 5.2 until such time as such notices are delivered to the Company Mortgagee, or, with respect solely to those Events of Default for which no cure period is applicable, delay the City's right to terminate this Agreement for a period of thirty (30) calendar days.

Appears in 2 contracts

Samples: Entertainment Center Development Agreement, Entertainment Center Development Agreement

AutoNDA by SimpleDocs

Notices to Company Mortgagees. If at any time after any Company Mortgage is recorded in the Official Public Records of Dallas County, Texas, the Company or the holder of the Company Mortgage notifies the City in writing of the existence of the Company Mortgage and furnishes the City with the address(es) to which the Company Mortgagee desires copies of notices to the Company under this Agreement be sent (each such holder of a Company Mortgage of whom the City is given notice being a "Company Mortgagee"), then the City shall thereafter mail (by certified mail) to each Company Mortgagee or agent thereof, at the address so given, by any method of delivery permitted hereunder at the same time that the notice is placed in the mail or otherwise delivered to the Company, duplicate copies of any and all notices of default required to be sent pursuant to this Agreement. The City's failure to deliver copies of any notices to any Company Mortgagee will not impair or negate the validity or effectiveness of any notice delivered to the Company nor delay the City's right to pursue any available remedy other than termination of this Agreement, but will delay the start of any cure periods afforded to such Company Mortgagee under this Section 5.2 7 until such time as such notices are delivered to the Company Mortgagee, or, with respect solely to those Events of Default for which no cure period is applicable, delay the City's right to terminate this Agreement for a period of thirty (30) calendar days.

Appears in 2 contracts

Samples: Economic Development Incentive Agreement, Economic Development Incentive Agreement

Notices to Company Mortgagees. If at any time after any Company Mortgage is recorded in the Official Public Records of Dallas County, Texas, the Company or the holder of the Company Mortgage notifies the City in writing of the existence of the Company Mortgage and furnishes the City with the address(es) to which the Company Mortgagee desires copies of notices to the Company under this Agreement be sent (each such holder of a Company Mortgage of whom the City is given notice being a "Company Mortgagee"), then the City shall thereafter mail (by certified mail) to each Company Mortgagee or agent thereof, at the address so given, by any method of delivery permitted hereunder at the same time that the notice is placed in the mail or otherwise delivered to the Company, duplicate copies of any and all notices of default required to be sent pursuant to this Agreement. The City's failure to deliver copies of any notices to any Company Mortgagee will not impair or negate the validity or effectiveness of any notice delivered to the Company nor delay the City's right to pursue any available remedy other than termination of this Agreement, but will delay the start of any cure periods afforded to such Company Mortgagee under this Section 5.2 XVII until such time as such notices are delivered to the Company Mortgagee, or, with respect solely to those Events of Default for which no cure period is applicable, delay the City's right to terminate this Agreement for a period of thirty (30) calendar days.

Appears in 2 contracts

Samples: Reimbursement Agreement, Reimbursement Agreement

Notices to Company Mortgagees. If at any time after any Company Mortgage is recorded in the Official Public Records of Dallas County, Texas, the Company or the holder of the Company Mortgage notifies the City in writing of the existence of the Company Mortgage and furnishes the City with the address(es) to which the Company Mortgagee desires copies of notices to the Company under this Agreement Lease be sent (each such holder of a Company Mortgage of whom the City is given notice being a β€œ"Company Mortgagee”"), then the City shall thereafter use commercially reasonable efforts to mail (by certified mail) to each Company Mortgagee or agent thereof, at the address so given, by any method of delivery permitted hereunder at the same time that the notice is placed in the mail or otherwise delivered to the Company, duplicate copies of any and all notices of default required to be sent pursuant to Section 14. this AgreementLease. The City's failure to deliver copies of any notices to any Company Mortgagee will not impair or negate the validity or effectiveness of any notice delivered to the Company nor delay the City's right to pursue any available remedy other than termination of this AgreementLease or dispossession of the Company as tenant under this Lease, but will delay the start of any cure periods afforded to such Company Mortgagee under this Section 5.2 13 until such time as such notices are delivered to the Company Mortgagee, or, with respect solely to those Events of Default for which no cure period is applicable, delay the City's right to terminate this Agreement Lease or dispossess the Company under this Lease for a period of thirty (30) calendar days.

Appears in 1 contract

Samples: Entertainment Center Lease Agreement

AutoNDA by SimpleDocs

Notices to Company Mortgagees. If at any time after any Company Mortgage is recorded in the Official Public Records of Dallas County, Texas, the Company or the holder of the Company Mortgage notifies the City in writing of the existence of the Company Mortgage and furnishes the City with the address(es) to which the Company Mortgagee desires copies of notices to the Company under this Agreement Lease be sent (each such holder of a Company Mortgage of whom the City is given notice being a "Company Mortgagee"), then the City shall thereafter mail (by certified mail) to each Company Mortgagee or agent thereof, at the address so given, by any method of delivery permitted hereunder at the same time that the notice is placed in the mail or otherwise delivered to the Company, duplicate copies of any and all notices of default required to be sent pursuant to this AgreementLease. The City's failure to deliver copies of any notices to any Company Mortgagee will not impair or negate the validity or effectiveness of any notice delivered to the Company nor delay the City's right to pursue any available remedy other than termination of this AgreementLease or dispossession of the Company as tenant under this Lease, but will delay the start of any cure periods afforded to such Company Mortgagee under this Section 5.2 13 until such time as such notices are delivered to the Company Mortgagee, or, with respect solely to those Events of Default for which no cure period is applicable, delay the City's right to terminate this Agreement Lease or dispossess the Company under this Lease for a period of thirty (30) calendar days.

Appears in 1 contract

Samples: Entertainment Center Lease Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!