COMPLIANCE INFO_2002-2007 - Laserfiche WebLink

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Section 26.07 If Landlord declares a default under this Lease, Landlord shall notify any Lender who has given Landlord a prior written request for such notice of such default by sending a copy of the default notice required under this Lease to the Lender. Section 26.08 During the continuance of any Leasehold Mortgage and until such time as the lien of any such Leasehold Mortgage has been extinguished: (a) Notice to Lender. Landlord shall neither agree to any mutual termination of this Lease, nor accept the surrender of this Lease, nor consent to any amendment or modification of this Lease without prior written notice to the Lender. No termination of this Lease by Tenant shall be effective without prior written notice to the Lender; (b) Tenant's Default. Landlord shall not terminate this Lease or reenter the Demised Premises unless: (i) an Event of Default (as defined herein) shall have occurred and not been cured within the grace periods as specified in this Lease, (ii) Landlord shall have given the Lender written notice of such Event of Default, and (iii) the Lender shall have failed to remedy such default or shall have failed to acquire Tenant's leasehold estate as permitted within the time specified in this Section; (c) Lender's Right to Remedy Default. The Lender shall have the right at any time prior to the termination of this Lease to pay any Rent due hereunder and to do any other act or thing required of Tenant hereunder in order to prevent the termination of this Lease. All payments so made and all things so done by the Lender shall be as effective as payments made and things done by Tenant; (d) Time for Default Remedy. If any Event of Default under this Lease occurs, the Lender shall have five (5) days (in the case of a monetary default) and thirty (30) days (in the case of any other default) after its receipt of written notice from Landlord setting forth the nature of such default within which to remedy such default. If possession of the Demised Premises would be reasonably necessary to remedy the default, the Lender shall have a reasonable amount of time after the expiration of such period within which to remedy such default; provided, however, that: (i) the Lender has cured any default in the payment of any monetary obligations of Tenant under this Lease within such five (5) day period and continues to pay such monetary obligations as they become due, (ii) the Lender has acquired Tenant's leasehold estate created hereby or has commenced foreclosure proceedings within a thirty (30) day period and is diligently prosecuting any such proceedings, and (iii) the Lender assumes Tenant's obligations under this Lease. All rights of Landlord to terminate this Lease or to reenter the Demised Premises without termination of this Lease as the result of the occurrence of any Event of Default shall be subject to the rights of the Lender as set forth in this Subsection; (e) Alternative Default Remedy. An Event of Default under this Lease which, by its nature, cannot be remedied by the Lender, including without limitation the bankruptcy or insolvency of or appointment of a receiver for, Tenant or an assignment for the benefit of creditors, shall be deemed to be remedied if: (i) within ninety (90) days after receiving written notice from Landlord setting forth the nature of such Event of Default, the Lender has acquired Tenant's leasehold estate created hereby or commenced foreclosure proceedings; (ii) the Lender has cured any default in the payment of any monetary obligations of Tenant hereunder within the five (5) day period set forth in Section 26.08(d) above and thereafter continues to pay such monetary obligations as they become due; and (iii) after gaining possession of the Property, the Lender assumes in writing all other obligations of Tenant hereunder as they become due; 27