Common use of Rights of Cure Clause in Contracts

Rights of Cure. (a) Prior to Senior Lender commencing any Enforcement Action under the Senior Loan Documents, Senior Lender shall provide written notice of the default which would permit the Senior Lender to commence such Enforcement Action to Subordinate Lender, whether or not Senior Lender is obligated to give notice thereof to Borrower (each, a “

Rights of Cure. (a) Prior to Senior Lender commencing any Enforcement Action under the Senior Loan Documents, Senior Lender shall provide written notice of the default which would permit the Senior Lender to commence such Enforcement Action to Subordinate Lender, whether or not Senior Lender is obligated to give notice thereof to Borrower (each, a “Senior Loan Default Notice”) and shall permit Subordinate Lender an opportunity to cure such default in accordance with the provisions of this Section 11(a).