Default and Cure Period Sample Clauses

Default and Cure Period. Any one of the following events shall constitute an event of default hereunder: (i) the failure of either Party to pay any amounts when due hereunder and the expiration of sixty (60) days after receipt of a written notice which shall be delivered as required by Section 14.9 requesting the payment of such amount; (ii) the failure of a Party to perform a material obligation, other than a payment obligation, required to be performed hereunder, and the failure to cure within one hundred twenty (120) days after receipt of notice from the other Party specifying in reasonable detail the nature of such default.
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Default and Cure Period. Failure or unreasonable delay by either Party to perform or otherwise act in accordance with any term or provision of this Agreement for a period of thirty (30) days after written notice thereof from the other Party (“Cure Period”), shall constitute a default under this Agreement; provided, however, that if the failure or delay is such that more than thirty (30) days would reasonably be required to perform such action or comply with any term or provision hereof, then such Party shall have such additional time as may be necessary to perform or comply so long as such Party commences performance or compliance within said thirty (30) day period and diligently proceeds to complete such performance or fulfill such obligation. Said notice shall specify the nature of the alleged default and the manner in which said default may be satisfactorily cured, if possible. In the event such default is not cured within the Cure Period, the non-defaulting Party shall have all rights and remedies provided by law or equity, except as provided in Section 4.2, below. A default by a a subsequent owner of a portion of the Property shall not be deemed a default by Eagle Shadow or any other subsequent owner of a different portion of the Property, and the City may not withhold or condition its performance under this Agreement as to any subsequent owner of a portion of the Property who is not in default of this Agreement. With the exception of Eagle Shadow and the City, no subsequent owner of a portion of the Property may enforce this Agreement as against any other owner of a portion of the Property.
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Default and Cure Period. The term "Default" as used in this Agreement shall mean the occurrence or happening, from time to time, of any one or more of the following:
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Default and Cure Period. In the event of a breach by either party of the terms of this Agreement, the nonbreaching party will give prompt written notice of such breach to the other and afford the breaching party 10 days from receipt of such notice to cure such breach.
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Default and Cure Period. In the event of a breach by either party of the terms of this Agreement, the nonbreaching party will give prompt written notice of such breach to the other and afford the breaching party 30 days from receipt of such notice to cure such breach.
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Default and Cure Period. The failure to abide by any of the provisions of this Agreement acts as a default. Upon default of any of the provisions of this Joint Operations Agreement, the defaulting party will be provided with three (3) days' notice deliverable by personal service, email, or certified posting on the office door located on the premises. Upon the expiration of the three (3) business days, the defaulting party will have Thirty (30) days to cure any default under this Joint Operation Agreement. If the defaulting party either fails or refuses to cure the default, the non-defaulting party may ask for this agreement to be enforced by seeking specific performance, damages or any other relief available at law or in equity.
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Default and Cure Period. If either party fails to meet, abide by or maintain the terms and conditions of this Agreement, it will constitute an event of default by such party. In the event of any claimed default by a party, the non-defaulting party will give the defaulting party not less than 30 days’ written notice and opportunity to cure (the “Cure Period”), which notice will specify the nature of the default. No act, event or omission will be a default hereunder if the defaulting party’s failure to perform is caused by force majeure or by any act, omission or default by the other party, or so long as the defaulting party has in good faith commenced and is diligently pursuing efforts to correct the condition specified in such notice. Notwithstanding the Cure Period, Master Developer will have the right to include and prosecute a claim for breach of this Agreement in any claim brought under C.R.C.P. Rule 106 if Master Xxxxxxxxx believes that the failure to include and prosecute such claim may jeopardize Master Xxxxxxxxx’s ability to exercise its remedies under this Agreement at a later date. Except as expressly permitted by this Section 10, any claim for breach of this Agreement brought before the expiration of the applicable Cure Period will not be prosecuted by Master Developer until the expiration of the applicable Cure Period except as set forth in this Agreement.
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Default and Cure Period 
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Related to Default and Cure Period

  • Default Notice As soon as possible and in any event within two days after the occurrence of each Default or any event, development or occurrence reasonably likely to have a Material Adverse Effect continuing on the date of such statement, a statement of the chief financial officer of the Borrower setting forth details of such Default and the action that the Borrower has taken and proposes to take with respect thereto.

  • Default and Foreclosure 5 3.1 Remedies....................................................... 5 3.2

  • Default and Remedies Either of the following constitutes cause to declare this Contract, or any Participating Entity order under this Contract, in default:

  • Right to Cure Defaults Upon the occurrence and during the continuance of any Event of Default, Lender may, but without any obligation to do so and without notice to or demand on Borrower and without releasing Borrower from any obligation hereunder, make any payment or do any act required of Borrower hereunder in such manner and to such extent as Lender may deem necessary to protect the security hereof. Lender is authorized to enter upon the Property for such purposes, or appear in, defend, or bring any action or proceeding to protect its interest in the Property for such purposes, and the cost and expense thereof (including reasonable attorneys’ fees to the extent permitted by law), with interest as provided in this Section 11.3, shall constitute a portion of the Debt and shall be due and payable to Lender upon demand. All such costs and expenses incurred by Lender in remedying such Event of Default or such failed payment or act or in appearing in, defending, or bringing any action or proceeding shall bear interest at the Default Rate, for the period after written notice from Lender that such cost or expense was incurred to the date of payment to Lender. All such costs and expenses incurred by Lender together with interest thereon calculated at the Default Rate shall be deemed to constitute a portion of the Debt and be secured by the liens, claims and security interests provided to Lender under the Loan Documents and shall be immediately due and payable upon demand by Lender therefor.

  • Event of Default; Notice (a) The Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default, transmit by mail, first class postage prepaid, to the Holders, notices of all Events of Default known to the Guarantee Trustee, unless such defaults have been cured before the giving of such notice, provided, that, except in the case of a default in the payment of a Guarantee Payment, the Guarantee Trustee shall be protected in withholding such notice if and so long as the Board of Directors, the executive committee or a trust committee of directors and/or Responsible Officers of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders.

  • Lease Default Notices To Agent, within 2 Business Days after receipt thereof, copies of (i) any and all default notices received under or with respect to any leased location or public warehouse where Collateral is located, and (ii) such other notices or documents as Agent may reasonably request.

  • Notice of Event of Default If the Mortgagee shall have Actual Knowledge of an Event of Default or of a Default arising from a failure to pay Rent, the Mortgagee shall give prompt written notice thereof to the Owner Trustee, the Owner Participant, Lessee, and each Note Holder. Subject to the terms of Sections 2.13, 4.03, 4.04, 4.08, 5.02 and 5.03 hereof, the Mortgagee shall take such action, or refrain from taking such action, with respect to such Event of Default or Default (including with respect to the exercise of any rights or remedies hereunder) as the Mortgagee shall be instructed in writing by a Majority in Interest of Note Holders. Subject to the provisions of Section 5.03, if the Mortgagee shall not have received instructions as above provided within 20 days after mailing notice of such Event of Default to the Note Holders, the Mortgagee may, subject to instructions thereafter received pursuant to the preceding provisions of this Section 5.01, take such action, or refrain from taking such action, but shall be under no duty to take or refrain from taking any action, with respect to such Event of Default or Default as it shall determine advisable in the best interests of the Note Holders; PROVIDED, HOWEVER, that the Mortgagee may not sell the Aircraft or any Engine without the consent of a Majority in Interest of Note Holders. For all purposes of this Trust Indenture, in the absence of Actual Knowledge on the part of the Mortgagee, the Owner Trustee or the Owner Participant, the Mortgagee, the Owner Trustee or the Owner Participant, as the case may be, shall not be deemed to have knowledge of a Default or an Event of Default (except, in the case of the Mortgagee, the failure of Lessee to pay any installment of Basic Rent within one Business Day after the same shall become due, if any portion of such installment was then required to be paid to the Mortgagee, which failure shall constitute knowledge of a Default) unless notified in writing by Lessee, the Owner Trustee, the Owner Participant or one or more Note Holders.

  • DEFAULT AND ACCELERATION The Debt shall without notice become immediately due and payable at the option of Lender if any payment required in this Note is not paid on or prior to the date when due or if not paid on the Maturity Date or on the happening of any other Event of Default.

  • Cure Period Prior to any claim for default being made, either the Buyer or Seller will have an opportunity to cure any alleged default. If either Buyer or Seller fails to comply with any provision of this Agreement, the other party will deliver written notice to the non- complying party specifying such non-compliance. The non-complying party shall have calendar days after delivery of such notice to cure the non-compliance.

  • Notice of Default, etc Promptly after the Borrower knows that any Default or any Material Adverse Effect has occurred, a notice of such Default or Material Adverse Effect, describing the same in reasonable detail and the action the Borrower proposes to take with respect thereto.

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