Reinstatement after Event of Default. Notwithstanding the exercise by the Authority of any remedy granted by Section 6.2, unless the Authority shall have sold its leasehold estate in the Leased Property or shall have entered into an agreement providing for the re-letting of the Leased Property for at least one year, if the balance of the Basic Rent shall have been accelerated pursuant to Section 6.2(a) and all overdue Basic Rent, together with any interest thereon, and all Additional Rent shall have been paid, then the County’s default under this Lease Agreement shall be waived without further action by the Authority. Upon such payment and waiver, this Lease Agreement shall be fully reinstated and all Basic Rent payments will be due and payable in accordance with Exhibit A, and the County shall be restored to the use, occupancy and possession of the Leased Property; provided, however, if all or any part of the Leased Property have been re-let for less than one year, the County shall not be restored to the use, occupancy and possession thereof until the end of such lease.
Reinstatement after Event of Default. Notwithstanding the exercise by the Authority of any remedy granted by Section 7.2, if all overdue Basic Payments, together with any interest thereon, and all Additional Payments shall have been made, then the County’s default under this Refunding Support Agreement shall be waived without further action by the Authority. Upon such payment and waiver, this Refunding Support Agreement shall be fully reinstated and all Basic Payments will be due and payable in accordance with the previously determined schedule.
Reinstatement after Event of Default. Notwithstanding the exercise by the Lender of any remedy granted by Section 13, if all overdue principal, together with any accrued interest thereon and other amounts due and owing under this Agreement, shall have been paid, then the Authority’s default under this Agreement shall be waived without further action by the Lender. Upon such payment and waiver, this Agreement shall be fully reinstated and all payments due under the Bond will be due and payable in accordance with the terms of the Bond.
Reinstatement after Event of Default. Notwithstanding the exercise by the Lender of any remedy granted by Section [15], if all overdue Basic Payments and Additional Payments shall have been paid, then the Authority’s default under this Agreement shall be waived without further action by the Lender. Upon such payment and waiver, this Agreement shall be fully reinstated and all payments due under the Note will be due and payable in accordance with the terms of the Note.
