Permitted Lenders. Each Lender constitutes a Permitted Mortgage Lender for all purposes under the Sublease; provided, however, that for purposes of Section 9.3(b) and 9.6(b) of the Sublease, the Lenders must exercise their rights collectively, acting through Administrative Agent (e.g., each Lender is not entitled to its own opportunity to cure an Event of Default under the Sublease). Administrative Agent xxxxxx informs the Landlord that it is the Designated Nominee of the Lenders and Landlord acknowledges and agrees that Administrative Agent shall be treated for all intents and purposes as the Senior Permitted Lender and the Senior Permitted Mortgage Lender under the Sublease. Administrative Agent has provided Landlord with its address for notice in Section 20 below hereof and hereby requests written notice of each notice of each Event of Default given to Tenant as required by Section 9.3(b) of the Sublease. Landlord shall not be required to provide notice to any other Lenders. As such, Administrative Agent is entitled to all rights of the Senior Permitted Lender and Senior Permitted Mortgage Lender under the Sublease, including, without limitation, Article 9 thereof. Mezzanine Lender constitutes a Senior Permitted Mezzanine Lender for all purposes under the Sublease.
Permitted Lenders. Each Lender constitutes a Permitted Mortgage Lender for all purposes under the Ground Lease; provided, however, that for purposes of Section 10.3.2 and
Permitted Lenders. Each of the Marriott Parties constitutes a Permitted Mezzanine Lender for all purposes under the Ground Lease; provided, that Mezzanine Lender shall be treated for all purposes of the Ground Lease as the Senior Mezzanine Permitted Lender. The Marriott Parties have provided Landlord with their respective address for notice in Section 20 hereof and hereby requests written notice of each notice of Event of Default given to Tenant as required by Section 10.3.2 of the Ground Lease. As such, each of the Marriott Parties is entitled to all rights of a Permitted Mezzanine Lender under the Ground Lease, including, without limitation, Article 10 thereof.
Permitted Lenders. Each of the Marriott Parties constitutes a Permitted Mezzanine Lender for all purposes under the Project Implementation Agreement and the provisions of Annex I attached hereto; provided, that the Mezzanine Lender shall be the Senior Permitted Mezzanine Lender for all purposes of the Project Implementation Agreement and the provisions of Annex I. The Marriott Parties have provided the Public Entities with their respective addresses for notice in Section 21 below hereof and hereby requests written notice of each notice of each Event of Default given to Developer as required by Section 3(b) of Annex I attached hereto. As such, each of the Marriott Parties is entitled to all rights of Permitted Mezzanine Lender under the Project Implementation Agreement and the provisions of Annex I attached hereto.
