Res19 15814 - Laserfiche WebLink

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agreements, covenants and conditions hereof to prevent termination of this Lease. All payments so made and all things so done and performed by a Lender shall be as effective to prevent a termination of this Lease as the same would have been if made, done and performed by Tenant instead of by a Lender. (d) Should any event of default under this Lease occur, any Lender shall have Sixty (60) days after receipt of written notice from Landlord setting forth the nature of such event of default, within which to remedythe default; provided that in the case of a default which cannot with due diligence be cured within such Sixty (60) day period, the Lender(s) shall have the additional time reasonably necessary to accomplish the cure, provided that (i) such Lender has commenced the curing within such Sixty (60) days and (ii) thereafter diligently prosecutes the cure to completion. If the default is such that possession of the YMCA Site may be reasonably necessary to remedy the default, the Lender(s) shall have a reasonable additional time after the expiration of such sixty-day period, within which to remedy such default, provided that (i) the Lender(s) shall have fully cured any default in the payment of any monetary obligations of Tenant under this Lease within such Sixty (60) day period and shall continue to pay currently such monetary obligations as and when the same are due and (ii) the Lender(s) shall have acquired Tenant's leasehold estate or commenced foreclosure or other appropriate proceedings seeking such acquisition within such period, or prior thereto, and is diligently prosecuting any such proceedings. (e) Any event of default under this Lease which is not susceptible to remedy by a Lender shall be deemed to be remedied if (i) within Sixty (60) days after receiving written notice from Landlord setting forth the nature of such event of default, or prior thereto, a Lender shall have acquired Tenant's leasehold estate created hereby or shall have commenced foreclosure or other appropriate proceedings seeking such acquisition, (ii) a Lender shall diligently prosecute any such proceedings to completion, and (iii) a Lender shall have fully cured any default in the payment and performance of any monetary or other obligations of Tenant hereunder which do not require possession of the YMCA Site within such Sixty (60) day period and shall thereafter continue faithfully to perform all such monetary obligations which do not require possession of the YMCA Site, and (iv) after gaining possession of the YMCA Site, a Lender shall perform all other obligations of Tenant hereunder as and when the same are due. (f) If a Lender is prohibited by any process or injunction issued by any court or by reason of any action by any court having jurisdiction of any bankruptcy or insolvency proceeding involving Tenant from commencing or prosecuting foreclosure or other appropriate proceedings the times specified in subsections (d) and (e) above for commencing or prosecuting such foreclosure or other proceedings shall be extended for the period of such prohibition; provided that Lender shall have fully cured any default in the payment of any monetary obligations of Tenant under this Lease and shall continue to pay currently such monetary obligations as and when the same fall due. (g) Landlord shall mail by certified or registered post, return receipt requested, or personally deliver to any Lender a duplicate copy of any and all notices in writing YMCA Ground Lease -11- 82483.00016\32493585.6