Common use of Borrowers Default Clause in Contracts

Borrowers Default. Tenant shall provide Lender with copies of all written notices of any default by Borrower sent to Borrower pursuant to the Lease simultaneously with the transmission of such notices to the Borrower. Lender shall have the right but not the obligation to remedy any Borrower default under the Lease, or to cause any default of Borrower under the Lease to be remedied for the greater of (i) the same time period a Borrower as set forth in the Lease, or (ii) 15 days after Lender’s receipt of written notice of default. Tenant shall accept performance by Lender of any term, covenant, condition or agreement to be performed by Borrower under the Lease with the same force and effect as though performed by Borrower.