Common use of Right to Cure Certain Lease Events of Default Clause in Contracts

Right to Cure Certain Lease Events of Default. (a) If Lessee shall fail to make any Lease Payment when the same shall have become due, and if such failure of Lessee to make such Lease Payment shall not constitute the third consecutive such failure, then Lessor, any Tranche B Lender or Tranche B Lenders (the "Curing Party") may (but is not obligated to) pay to Collateral Agent for the benefit of Secured Parties, at any time prior to the earlier of the expiration of ten (10) Business Days after the Curing Party shall have received notice from Administrative Agent of the failure of Lessee to make such Lease Payment, an amount equal to the Lease Payment or Lease Payments then due by reason of the failure of Lessee to pay such Lease Payment (otherwise than by declaration of acceleration) on such Payment Date, and such payment by the Curing Party shall be deemed to have cured any Loan Event of Default which arose or would have arisen from such failure of Lessee.

Right to Cure Certain Lease Events of Default. (a) If Lessee shall fail to make any Lease Payment when the same shall have become due, and if such failure of Lessee to make such Lease Payment shall not constitute the third consecutive such failure, then Lessor, any Tranche B Lender or Tranche B Lenders (the "Curing Party") may (but is not ------------ obligated to) pay to Collateral Agent for the benefit of Secured Parties, at any time prior to the earlier of the expiration of ten (10) Business Days after the Curing Party shall have received notice from Administrative Agent of the failure of Lessee to make such Lease Payment, an amount equal to the Lease Payment or Lease Payments then due by reason of the failure of Lessee to pay such Lease Payment (otherwise than by declaration of acceleration) on such Payment Date, and such payment by the Curing Party shall be deemed to have cured any Loan Event of Default which arose or would have arisen from such failure of Lessee.

Right to Cure Certain Lease Events of Default. (a) If Lessee shall fail to make any Lease Payment when the same shall have become due, and if such failure of Lessee to make such Lease Payment shall not constitute the third consecutive such failure, then Lessor, any Tranche B Lender or Tranche B Lenders (the "Curing Party") may (but is not obligated to) pay to Collateral Agent for the benefit of Secured Parties, at any time prior to the earlier of the expiration of ten (10) Business Days after the Curing Party shall have received notice from Administrative Agent of the failure of Lessee to make such Lease Payment, an amount equal to the Lease Payment or Lease Payments then due by reason of the failure of Lessee to pay such Lease Payment (otherwise than by declaration of acceleration) on such -23- Payment Date, and such payment by the Curing Party shall be deemed to have cured any Loan Event of Default which arose or would have arisen from such failure of Lessee.