Procedure on Default. (i) If Landlord shall elect to terminate this Master Lease by reason of any Event of Default of Tenant that has occurred and is continuing, and a Permitted Leasehold Mortgagee shall have proceeded in the manner provided for by subsection (d) of this Section 17.1, the specified date for the termination of this Master Lease as fixed by Landlord in its Termination Notice shall be extended for a period of six (6) months; provided that such Permitted Leasehold Mortgagee shall, during such six-month period (and during the period of any continuance referred to in subsection (e)(ii) below):
Procedure on Default. (i) If Landlord shall elect to terminate this Lease by reason of any Tenant Event of Default that has occurred and is continuing and a Permitted Leasehold Mortgagee shall have proceeded in the manner provided for by subsection (d) of this Section 17.1, the applicable cure periods available pursuant to Section 17.1(d) above shall continue to be extended so long as during such continuance:
Procedure on Default. (a) If Landlord shall elect to terminate this Lease or obtain possession of the Premises by reason of any default of Tenant, and a Leasehold Mortgagee shall have delivered the Nullification Notice set forth in Subsection 18.2.8, the specified date for the termination of this Lease as fixed by Landlord in its Default Notice or for the obtaining of possession shall be extended for a period of six (6) months, provided that such Leasehold Mortgagee shall, during such six (6) month period:
Procedure on Default. (i) If Landlord shall elect to terminate this Lease by reason of any default of Tenant, and Leasehold Mortgagee shall have proceeded in the manner provided for by subparagraph 16.5.2, the specified date for the termination of this Lease as fixed by Landlord in its Termination Notice shall be extended for a period of six (6) months, provided that such Leasehold Mortgagee shall, during this six-month period: (A) Pay or cause to be paid, the rent, additional rent, and other monetary obligations of Tenant under this Lease that have become due and as the same become due, and continue its good faith efforts to perform all of Tenant’s other obligations under this Lease, excepting (1) obligations of Tenant to satisfy or otherwise discharge any lien, charge, or encumbrance against Tenant’s interest in this Lease or the Land, Buildings and/or Improvements junior in priority to the lien of the mortgage held by Leasehold Mortgagee and (2) past nonmonetary obligations then in default and not reasonably expected to be cured by Leasehold Mortgagee; and (B) Take steps to acquire or sell Tenant’s interest in this Lease by foreclosure of the Leasehold Mortgage or other appropriate means and prosecute the same to completion with due diligence.
Procedure on Default. (i) If Landlord shall elect to terminate this Agreement by reason of any default of Tenant, Landlord agrees that the termination of this Agreement shall be extended for a period of six months, provided that Marriott shall, during such period:
Procedure on Default. Upon the occurrence of an event of default, and at any time thereafter, Lender may elect to declare the entire Obligation hereby secured immediately due and payable:
Procedure on Default. In the event of default, at Creditor's option, without demand or notice, all or any part of the principal of and interest on the Note shall immediately become due and payable, and Creditor or any officer of the law may take immediate possession of the property without demand, including any improvements or accessions thereto. Creditor may resell the property at public or private sale, with or without the property being at the place of sale, and upon such terms and in such manner as Creditor may determine, and Creditor may become the purchaser thereof at any public sale, all provided that the foregoing is completed in a commercially reasonable manner. From the proceeds of any such sale Creditor shall deduct all expenses of retaking, repairing, and selling such property, including a reasonable attorneys' fee. The balance shall be applied to the amount due, any surplus shall be paid to Debtor.
Procedure on Default. (i) If Landlord shall elect to terminate this Lease by reason of any Event of Default of Tenant that has occurred and is continuing, and a Permitted Leasehold Mortgagee shall have proceeded in the manner provided for by subsection (d) of this Section 17.1, the specified date for the termination of this Lease as fixed by Landlord in its Termination Notice shall be extended for a period not to exceed three (3) months; provided, that such Permitted Leasehold Mortgagee shall, during such extension period:
Procedure on Default. (i) In the event that LESSOR shall elect to terminate this Lease by reason of any default of LESSEE, and a Leasehold Mortgagee shall have proceeded in the manner provided for by subparagraph 2(c), above, such Leasehold Mortgagee shall have the right to postpone and extend the specified date for the termination of this Lease as fixed by LESSOR in its notice of termination for a period of not more than twelve (12) months, provided that such Leasehold Mortgagee shall, during such twelve (12) month period, (A) pay or cause to be paid any Rent, Additional Rent and other payments and charges as the same become due (subject to all applicable notice and cure periods) and continue its good faith efforts to perform, or cause to be performed, all of LESSEE'S other obligations under this Lease (subject to all applicable notice and cure periods), excepting (i) obligations of LESSEE to satisfy or otherwise discharge any lien, charge or encumbrance against LESSEE'S interest in this Lease or the Premises junior in priority to the lien of the mortgage held by such Leasehold Mortgagee, and (ii) past obligations then in default and not reasonably susceptible of being cured by such Leasehold Mortgagee, and (B) if not enjoined or stayed, take steps to acquire or sell LESSEE'S interest in this Lease by foreclosure of the Leasehold Mortgage or other appropriate means and prosecute the same to completion with due diligence.
Procedure on Default. 24 4.7.1 Extension of Termination Notice Period.............................................. 24 4.7.1.1 Payment of Monetary Obligations..................................... 24 4.7.1.2 Foreclosure of Leasehold Mortgage........................................ 25 4.7.2 Cure of Default....................................... 25 4.7.3 Compliance of Leasehold Mortgagee..................... 26 4.7.4 Leasehold Mortgage Not an Assignment.......................................... 26 4.7.5 Obligation of Leasehold Mortgagee to Repair or Reconstruct............................ 27 4.7.6 Leasehold Mortgagee's Right to Transfer............................................ 28 ii
