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Priority and Subordination Agreement 17 Teanaway Court the Senior Lender under its Senior Loan Documents or to cure defaults under the Subordinate Loan Documents, or (ii) that impacts or conflicts with the affordable housing requirements of another Lender’s Loan Documents. 6. DEFAULT UNDER LOAN DOCUMENTS. a. For a period of ninety (90) days following delivery to the Senior Lender of an Enforcement Action Notice, the Senior Lender shall have the right to cure any Subordinate Loan Default, provided if such Subordinate Loan Default is a non- monetary default that is capable of cure by the Senior Lender but is not capable of being cured within such ninety (90) day period and the Senior Lender has commenced and is diligently pursuing such cure to completion, the period for cure shall be extended for such additional period of time, not to exceed one year, as may be required to cure such Subordinate Loan Default or until such earlier time, if any, as (i) the Senior Lender discontinues its pursuit of any cure and/or (ii) the Senior Lender delivers to the Subordinate Lender the Senior Lender’s written consent to an Enforcement Action. No Senior Lender shall have any obligation whatsoever to cure any Subordinate Loan Default. No Senior Lender shall be subrogated to the rights of the Subordinate Lender under the Subordinate Loan Documents by reason of the Senior Lender having cured any Subordinate Loan Default. However, the Subordinate Lender acknowledges that all amounts advanced or expended by the Senior Lender in accordance with its Senior Loan Documents to cure a Subordinate Loan Default shall be added to and become a part of the Senior Indebtedness and shall be secured by the lien of the Senior Deed of Trust. b. The Senior Lender shall deliver to the Subordinate Lender a copy of any notice sent by such Senior Lender to the Partnership of a Senior Loan Default within five (5) business days of sending such notice to the Partnership. Failure of the Senior Lender to send notice to the Subordinate Lender shall not prevent the exercise of the Senior Lender’s rights and remedies under the Senior Loan Documents. The Subordinate Lender shall have the right, but not the obligation, to cure any monetary Senior Loan Default within thirty (30) days following the date of such notice; provided, however, that the Senior Lender shall be entitled during such 30-day period to continue to pursue its remedies under the Senior Loan Documents. The Subordinate Lender may have up to ninety (90) days from the date of the notice to cure a non-monetary Senior Loan Default if during such 90-day period the Subordinate Lender keeps current all payments required by the Senior Loan Documents. In the event that such a non-monetary Senior Loan Default creates an unacceptable level of risk relative to the Property, or the Senior Lender’s secured position relative to the Property, as determined by the Senior Lender in its sole discretion, then the Senior Lender may exercise during such 90-day period all available rights and remedies to protect and preserve the Property and the Rents, revenues and other proceeds from the Property. Neither Subordinate Lender, nor the Sponsor shall be subrogated to the rights of the