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time as necessary for any Leasehold Mortgagee to commence the cure or make payment(s), as <br />stated herein. If any Leasehold Mortgagee fails to respond to said notice of termination within the <br />allotted sixty (60) days as consistent with the conditions of this Section 15.5, Lessor is entitled to <br />immediately terminate this Lease. <br />16.6 Leasehold Mortgagee Foreclosure Period. If any Leasehold Mortgagee complies <br />with Section 15.5 above, then the following provisions shall apply: <br />16.6.1. If Lessor's notice under Section 15.5 specifies only monetary Events of <br />Default as the basis for Lessor's election to terminate this Lease, and Leasehold Mortgagee has <br />fully paid the monetary amount designated by Lessor in its notice, then such payment shall be <br />deemed to have cured the Event of Default. If Lessor's notice under Section 15.5 specifies both <br />monetary and non -monetary Events of Default or non -monetary Events of Default as the basis for <br />Lessor's election to terminate this Lease, and Leasehold Mortgagee has fully paid the monetary <br />amount designated by Lessor in its notice, as applicable, then the date of termination specified in <br />Lessor's notice shall be extended for a period of twelve (12) months, provided that such Leasehold <br />Mortgagee shall, during such twelve (12) month period: <br />(a) pay or cause to be paid all Rent under this Lease as the same becomes <br />due (subject to the notice and cure rights expressly set forth herein); and <br />(b) continue (subject to any stay as described in Section 15.6.2 below) its <br />good faith efforts to perform (and complete performance of) all of Tenant's nonmonetary <br />obligations under this Lease, excepting nonnionetary obligations (whether or not a default exists <br />with respect thereto) that are not then reasonably susceptible of being cured by Leasehold <br />Mortgagee; and <br />(c) commence and pursue with reasonable diligence until completion <br />(subject to any stay as described in Section 15.6.2 below) a judicial or nonjudicial foreclosure or <br />other enforcement of remedies under its Leasehold Mortgage. <br />16.6.2. In the event of a judicial or non judicial foreclosure, the twelve (12) month <br />period described in Section 15.6.1, above, shall automatically be extended by the length of any <br />delay caused by any stay (including any automatic stay arising from any bankruptcy or insolvency <br />proceeding involving Tenant), injunction or other order arising under applicable Laws or issued <br />by any court (which term as used herein includes any other governmental or quasi -governmental <br />authority having such power) (the foregoing being collectively referred to as a "Stay"). Further, <br />Leasehold Mortgagee's obligations stated in Section 15.6.1(b) and (c) shall be automatically <br />suspended during any period that any Stay prevents Leasehold Mortgagee from taking any such <br />actions. Nothing herein, however, shall be construed to extend this Lease beyond the Term hereof <br />nor to require a Leasehold Mortgagee to continue such foreclosure proceedings after the Event of <br />Default has been cured. If the Event of Default has been cured and the Leasehold Mortgagee shall <br />discontinue such foreclosure proceedings, this Lease shall continue in full force and effect as if <br />Tenant had not defaulted under this Lease. <br />16.6.3. In the event the Leasehold Mortgage requires a new lease between the <br />Lessor and the Leasehold Mortgagee, Lessor shall enter into such new lease with the Leasehold <br />Page132 <br />• ' • • <br />.� <br />