Recognition; Certain Obligations. If any Post-Foreclosure Tenant acquires this Agreement and the related leasehold interests in the Premises through a Foreclosure, or if any New Tenant obtains a new lease agreement pursuant to Section 17.2(o), then: (i) the Authority shall recognize such Post-Foreclosure Tenant as StadCo under this Agreement, or the New Tenant as StadCo under a new lease agreement, as applicable; (ii) any defaults not susceptible to cure by a Post-Foreclosure Tenant or New Tenant shall no longer be defaults or breaches of this Agreement;
Recognition; Certain Obligations. If any Post-Foreclosure Tenant acquires this Agreement and the related leasehold interests in the Premises through a Foreclosure, or if any New Tenant obtains a new lease agreement pursuant to Section 17.2(o), then: (i) the Authority shall recognize such Post-Foreclosure Tenant as StadCo under this Agreement, or the New Tenant as StadCo under a new lease agreement, as applicable; (ii) any defaults not susceptible to cure by a Post-Foreclosure Tenant or New Tenant shall no longer be defaults or breaches of this Agreement; (iii) no New Tenant or Post-Foreclosure Tenant shall be bound by any Lease Impairment made without the prior Approval of each Leasehold Mortgagee; and (iv) a New Tenant or Post-Foreclosure Tenant shall have no obligation to comply (A) for a period of three (3) months after the commencement date of such new lease agreement with any non-monetary obligations or covenants, except the obligation to comply with Applicable Law or other matters that pose a threat to life, safety, public health or the environment, (B) with or perform any non- monetary obligations under this Agreement which are personal to StadCo and are not reasonably susceptible of being cured or (C) with any obligations that have been fully performed or no longer apply.
Recognition; Certain Obligations. If any Post Foreclosure Tenant acquires this Agreement and the related leasehold interests in the Stadium and Stadium Infrastructure through a Foreclosure, or if any New Tenant obtains a new use agreement pursuant to this Section 23.3, then: (a) the Authority shall recognize such Post Foreclosure Tenant as the Team under this Agreement, or the New Tenant as the Team under a new use agreement, as applicable; (b) any defaults not susceptible to cure by a Post Foreclosure Tenant or New Tenant shall no longer be defaults or breaches of this Agreement; (c) no New Tenant or Post-Foreclosure Tenant shall be bound by any Lease Impairment made without the prior written Consent of each Leasehold Mortgagee; (d) a New Tenant or Post-Foreclosure Tenant shall have no obligation to comply (x) for a period of six (6) months after the commencement date of such new use agreement, any and all nonmonetary obligations or covenants, except the obligation to comply with any Applicable Law, (y) with or perform any obligations under this Agreement specific to the Team or (z) with any obligations that have been fully performed or no longer apply.
Recognition; Certain Obligations. If any Successor Tenant acquires this Lease and the Leasehold Estate through a Foreclosure Event, or any New Tenant obtains a New Lease, then: (1) Landlord shall recognize such Successor Tenant as Tenant under this Lease or New Tenant as Tenant under a New Lease, as applicable; (2) all Tenant-Specific Defaults shall no longer be Defaults; (3) New Tenant or Successor Tenant shall not be bound by any Leasehold Impairment made without Leasehold Mortgagee's Consent; and (4) New Tenant or Successor Tenant shall have no obligation to comply with or perform any Excised Obligations. The preceding clauses "1" through "4" shall not limit Landlord's rights and remedies against any former Tenant in such former Tenant's personal capacity (i.e., not as Tenant under this Lease), to the extent that such former Tenant may have any personal liability.
Recognition; Certain Obligations. If any Successor Tenant acquires this Lease and the Leasehold Estate through a Foreclosure Event, or any New Tenant obtains a New Lease, then: (1) Landlord shall recognize such Successor Tenant as Tenant under this Lease or New Tenant as Tenant under a New Lease, as applicable; (2) all Tenant-Specific Defaults shall no longer be Defaults; (3) New Tenant or Successor Tenant shall not be bound by any Leasehold Impairment made without Leasehold Mortgagee's Consent; and (4) New Tenant or Successor Tenant shall have no obligation to comply with or perform any Excised Obligations. The preceding clauses "1" through "4" shall not limit Landlord's rights and remedies against any former Tenant in such former Tenant's personal capacity (i.e., not as Tenant under this Lease), to the extent that such former Tenant may have any personal liability.
