Document ID: 14761

Text:
(h) Permitted Leasehold Mortgagee Need Not Cure Specified Defaults. Nothing herein contained shall require any Permitted Leasehold Mortgagee to cure any Incurable Default in order to comply with the provisions of Sections 17.1(d) and 17.1(e), or as a condition of entering into the New Lease provided for by Section17.1(f). For the avoidance of doubt, upon such foreclosure and/or the effectuation of such a New Lease in accordance with the provisions, terms and conditions hereof, any such defaults are automatically deemed waived through the effective date of such foreclosure or New Lease as to any such Permitted Leasehold Mortgagee or its Permitted Leasehold Mortgagee Designee , as the new tenant hereunder or under the New Lease, as applicable (it being understood that the provisions of this sentence shall not be deemed to relieve such new tenant of its obligations to comply with this Lease or such New Lease from and after the effective date of such foreclosure or New Lease).

Named Entities:
34
37
Regulation
57
58
Title

Tokenized Text:
(
h
)
Permitted
Leasehold
Mortgagee
Need
Not
Cure
Specified
Defaults
.
Nothing
herein
contained
shall
require
any
Permitted
Leasehold
Mortgagee
to
cure
any
Incurable
Default
in
order
to
comply
with
the
provisions
of
Sections
17
.
1
(
d
)
and
17
.
1
(
e
)
,
or
as
a
condition
of
entering
into
the
New
Lease
provided
for
by
Section17
.
1
(
f
)
.
For
the
avoidance
of
doubt
,
upon
such
foreclosure
and
/
or
the
effectuation
of
such
a
New
Lease
in
accordance
with
the
provisions
,
terms
and
conditions
hereof
,
any
such
defaults
are
automatically
deemed
waived
through
the
effective
date
of
such
foreclosure
or
New
Lease
as
to
any
such
Permitted
Leasehold
Mortgagee
or
its
Permitted
Leasehold
Mortgagee
Designee
,
as
the
new
tenant
hereunder
or
under
the
New
Lease
,
as
applicable
(
it
being
understood
that
the
provisions
of
this
sentence
shall
not
be
deemed
to
relieve
such
new
tenant
of
its
obligations
to
comply
with
this
Lease
or
such
New
Lease
from
and
after
the
effective
date
of
such
foreclosure
or
New
Lease
)
.