Common use of Right to Cure Clause in Contracts

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured if Borrower or Grantor, as the case may be, after Xxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten (10) days; or (2) if the cure requires more than ten (10) days, immediately initiate steps which Lender deems in Xxxxxx’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 4 contracts

Samples: Business Loan Agreement (Mammoth Energy Partners LP), Business Loan Agreement (Mammoth Energy Partners LP), Business Loan Agreement (Mammoth Energy Partners LP)

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Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured if Borrower or Grantor, as the case may be, after Xxxxxx Lender sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten (10) days; or (2) if the cure requires more than ten (10) days, immediately initiate steps which Lender deems in XxxxxxLender’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 4 contracts

Samples: Business Loan Agreement (BioLife4D Corp), Business Loan Agreement (Mammoth Energy Partners LP), Business Loan Agreement (Mammoth Energy Partners LP)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten thirty (1030) days; or (2) if the cure requires more than ten thirty (1030) days, immediately initiate steps which Lender deems in Xxxxxx’s Lender's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 4 contracts

Samples: Business Loan Agreement (Badger Paper Mills Inc), Business Loan Agreement (Infinite Graphics Inc), Loan Agreement (Westerbeke Corp)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured if Borrower or Grantor, as the case may be, after Xxxxxx Lender sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender deems in Xxxxxx’s Lender's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 4 contracts

Samples: Business Loan Agreement (Better Choice Co Inc.), Business Loan Agreement (Collectors Universe Inc), Business Loan Agreement (Collectors Universe Inc)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured if Borrower or Grantor, as the case may be, after Xxxxxx Lender sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten thirty (1030) days; or (2) if the cure requires more than ten thirty (1030) days, immediately initiate steps which Lender deems in Xxxxxx’s Lender's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 3 contracts

Samples: Construction Loan Agreement (Applied Optoelectronics, Inc.), Business Loan Agreement (Applied Optoelectronics, Inc.), Business Loan Agreement (Applied Optoelectronics, Inc.)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured if Borrower or Grantor, as the case may be, after Xxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender Xxxxxx deems in Xxxxxx’s 's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 3 contracts

Samples: Business Loan Agreement (Eaco Corp), Business Loan Agreement (Evans & Sutherland Computer Corp), Business Loan Agreement (Signature Group Holdings, Inc.)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten (10) days; or (2) if the cure requires more than ten (10) days, immediately initiate steps which Lender deems in Xxxxxx’s Lender's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 2 contracts

Samples: Business Loan Agreement (Integrated Packaging Assembly Corp), Loan Agreement (Coeur D Alenes Co /Ia/)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and not Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: ; (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender deems in Xxxxxx’s Lender's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 2 contracts

Samples: Business Loan Agreement (Ideal Accents Inc), Business Loan Agreement (Ideal Accents Inc)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten (10) days; or (2) if the cure requires more than ten (10) days, immediately initiate steps which Lender deems in XxxxxxLender’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 2 contracts

Samples: Business Loan Agreement (Flotek Industries Inc/Cn/), Loan Agreement (Champion Industries Inc)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured if Borrower or Grantor, as the case may be, after Xxxxxx Lender sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender deems in Xxxxxx’s Lender's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 2 contracts

Samples: Business Loan Agreement (Heritage Global Inc.), Business Loan Agreement (Heritage Global Inc.)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and not Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten (10) days; or (2) if the cure requires more than ten (10) days, immediately initiate steps which Lender deems in Xxxxxx’s Lender's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 2 contracts

Samples: Loan Agreement (Ideal Accents Inc), Business Loan Agreement (Ideal Accents Inc)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and not Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: ; (1) cure the default within ten (10) days; or (2) if the cure requires more than ten (10) days, immediately initiate steps which Lender deems in Xxxxxx’s Lender's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 2 contracts

Samples: Loan Agreement (Ideal Accents Inc), Business Loan Agreement (Ideal Accents Inc)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured if Borrower or Grantor, as the case may be, after Xxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender Xxxxxx deems in Xxxxxx’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.. BUSINESS LOAN AGREEMENT

Appears in 2 contracts

Samples: Business Loan Agreement (NV5 Holdings, Inc.), Business Loan Agreement (NV5 Holdings, Inc.)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured if Borrower or Grantor, as the case may be, after Xxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten thirty (1030) days; or (2) if the cure requires more than ten thirty (1030) days, immediately initiate steps which Lender Xxxxxx deems in Xxxxxx’s 's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 2 contracts

Samples: Business Loan Agreement (Ames National Corp), Business Loan Agreement (IMH Financial Corp)

Right to Cure. If any default, other than a default on Indebtednessindebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender deems in Xxxxxx’s Lender's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 2 contracts

Samples: Loan Agreement (Topaz Group Inc), Business Loan Agreement (William Lyon Homes)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured if Borrower or Grantor, . as the case may be, after Xxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten (10) days; or (2) if the cure requires more than ten (10) days, immediately initiate steps which Lender Xxxxxx deems in Xxxxxx’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 2 contracts

Samples: Business Loan Agreement (Mammoth Energy Partners LP), Business Loan Agreement (Mammoth Energy Partners LP)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured if Borrower or Grantor, as the case may be, after Xxxxxx Lender sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender deems in Xxxxxx’s Lender's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (Eaco Corp)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured if Borrower or GrantorGranter, as the case may be, after Xxxxxx Lender sends written notice to Borrower or GrantorGranter, as the case may be, demanding cure of such default: (1) cure the default within ten (10) days; or (2) if the cure requires more than ten (10) days, immediately initiate steps which Lender deems in Xxxxxx’s Lender's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Loan Agreement (Addvantage Technologies Group Inc)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten twenty (1020) days; or (2) if the cure requires more than ten twenty (1020) days, immediately initiate steps which Lender deems in Xxxxxx’s 's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Loan Agreement (Arts Way Manufacturing Co Inc)

Right to Cure. If any default, other than a default on Indebtednessindebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from lender demanding cure of such default: . (1) cure the default within ten fifteen (1015) days; , or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender deems in Xxxxxx’s Lender's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (Microhelix Inc)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured if Borrower or Grantor, as the case may be, after Xxxxxx Lender sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender deems in XxxxxxLender’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical. Change in Ownership. Any change in ownership of twenty-five percent (25%) or more of the membership interest.

Appears in 1 contract

Samples: Business Loan Agreement (Crimson Forest Entertainment Group Inc.)

Right to Cure. If any default, other than a default on in Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate initiates steps which Lender deems in Xxxxxx’s Lender's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (Husker Ag Processing LLC)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender deems in Xxxxxx’s Lender's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practicalpracticable.

Appears in 1 contract

Samples: Construction Loan Agreement (Husker Ag Processing LLC)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured if Borrower or Grantor, as the case may be, after Xxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender Xxxxxx deems in Xxxxxx’s 's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.. ​ ​ ​ ​ Loan No: 2164804

Appears in 1 contract

Samples: Business Loan Agreement (Lodging Fund REIT III, Inc.)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not ha snot been given a notice of a similar default within the preceding twelve (12) months, it may be cured if Borrower or Grantor, as the case may be, be after Xxxxxx Lender sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender deems in XxxxxxLender’s sole discretion to o be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce product compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (BayFirst Financial Corp.)

Right to Cure. If any default, other than a default Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1a) cure cures the default within ten one (101) days; or (2b) if the cure requires more than ten one (101) days, immediately initiate initiates steps which Lender deems in Xxxxxx’s Lender's sole discretion to be sufficient to cure the default and thereafter continue continues and complete completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (Mendocino Brewing Co Inc)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if it Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured if Borrower or Grantor, as the case may be, after Xxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender Xxxxxx deems in Xxxxxx’s 's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (Titan Energy Worldwide, Inc.)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1a) cure cures the default within ten (10) daysfifteen(15)days; or (2b) if the cure requires more than ten fifteen (1015) days, immediately initiate initiates steps which Lender deems in Xxxxxx’s Lender's sole discretion to be sufficient to cure the default and thereafter continue continues and complete completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Loan Agreement (Motor Cargo Industries Inc)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured if Borrower or Grantor, as the case may be, after Xxxxxx Lxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender Lxxxxx deems in XxxxxxLxxxxx’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (Eaco Corp)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (an no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender deems in Xxxxxx’s Lender's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Credit Agreement (Petmed Express Inc)

Right to Cure. If any default, other than a default on Indebtednessindebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured if Borrower or Grantor, as the case may be, after Xxxxxx Lender sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender deems in Xxxxxx’s Lender's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (Amexdrug Corp)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured if Borrower or Grantor, as the case may be, after Xxxxxx Lxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten twenty (1020) days; or (2) if the cure requires more than ten twenty (1020) days, immediately initiate steps which Lender Lxxxxx deems in XxxxxxLxxxxx’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.. BUSINESS LOAN AGREEMENT (Continued)

Appears in 1 contract

Samples: Where Food Comes From, Inc.

Right to Cure. If any default, other than a default on Indebtednessindebtedness, is curable and if If Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured if If Borrower or Grantor, as the case may be, after Xxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately Immediately initiate steps which Lender deems in Xxxxxx’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (TX Holdings, Inc.)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured if Borrower or Grantor, as the case may be, be after Xxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender deems in Xxxxxx’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (Innsuites Hospitality Trust)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured if Borrower or Grantor, as the case may be, after Xxxxxx Lxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender Lxxxxx deems in Xxxxxx’s Lxxxxx's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (FGI Industries Ltd.)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: default (1) cure the default within ten (10) days; or (2) if the cure requires more than ten (10) days, immediately initiate steps which Lender deems in Xxxxxx’s Lender's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Loan Agreement (Champion Industries Inc)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured if Borrower or Grantor, as the case may be, after Xxxxxx Lender sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten twenty (1020) days; or (( 2) if the cure requires more than ten twenty (1020) days, immediately initiate steps which Lender deems in Xxxxxx’s Lender's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (Tandy Leather Factory Inc)

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Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten (10) days; or (2) if the cure requires more than ten (10) days, immediately initiate steps which Lender deems in Xxxxxx’s 's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Avid Sportswear & Golf Corp

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured if Borrower or Grantor, as the case may be, after Xxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten (10) days; or (2) if the cure requires more than ten (10) days, immediately initiate steps which Lender deems in Xxxxxx’s 's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (Addvantage Technologies Group Inc)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12112) months, it may be cured land no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (111) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten (10) fifteen 1151 days, immediately initiate steps which Lender Xxxxxx deems in Xxxxxx’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (Rancon Realty Fund V)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured if Borrower or Grantor, as the case may be, after Xxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure cures the default within ten (10) days; or (2) if the cure requires more than ten (10) days, immediately initiate initiates steps which Lender deems in Xxxxxx’s sole discretion to be sufficient to cure the default and thereafter continue continues and complete completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.. BUSINESS LOAN AGREEMENT

Appears in 1 contract

Samples: Business Loan Agreement (Western Capital Resources, Inc.)

Right to Cure. If any default, other than a default on Indebtednessindebtedness, is curable and if Borrower or Grantor, as the case may be, be has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender Xxxxxx deems in Xxxxxx’s sole 's safe discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to (?) produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (Versant Corp)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured land no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends alter receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten twenty (1020) days; or (2) if the cure requires more than ten twenty (1020) days, immediately initiate steps which Lender Xxxxxx deems in Xxxxxx’s sole 's sale discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (Black Mountain Holdings, Inc.)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured if Borrower or Grantor, as the case may be, after Xxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately . Immediately initiate steps which Lender Xxxxxx deems in Xxxxxx’s sole discretion to be sufficient to cure the default and end thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (First Light Bancorp)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) monthsone month, it may be cured if Borrower or Grantor, as the case may be, after Xxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: default (1) cure the default within ten (10) 30 days; or (2) if the cure requires more than ten (10) 30 days, immediately initiate steps which Lender Xxxxxx deems in Xxxxxx’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Loan Agreement (Isecuretrac Corp)

Right to Cure. If any default, other than a default on Indebtedness, is indebtedness. Is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Xxxxxx demanding cure of such default: . (1) cure the default within ten fifteen (1015) days; or (2) if it the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender deems dooms in Xxxxxx’s Lender's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.,

Appears in 1 contract

Samples: Loan Agreement (Microhelix Inc)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured if Borrower or Grantor, as the case may be, after Xxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten thirty (1030) days; or (2) if the cure requires more than ten thirty (1030) days, immediately initiate steps which Lender Xxxxxx deems in Xxxxxx’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (Innsuites Hospitality Trust)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured if Borrower or Grantor, as the case may be, after Xxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten twenty (1020) days; or (2) if the cure requires more than ten twenty (1020) days, immediately initiate steps which Lender Xxxxxx deems in Xxxxxx’s sole reasonable discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (LiveOne, Inc.)

Right to Cure. If any default, other than a default on Indebtedness, Indebtedness is curable and if Borrower or Grantor, as the case may be, has not been bean given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten (10) days; or (2) if the cure requires more than ten (10) days, immediately initiate steps which Lender deems in Xxxxxx’s Lender's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Change in Terms Agreement (Phone1globalwide Inc)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten (10) days; or (2) if the cure requires more than ten (10) days, immediately initiate steps which Lender deems in Xxxxxx’s Lenders sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (Integrated Packaging Assembly Corp)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender deems in XxxxxxLender’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (Niku Corp)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, Granter. as the case may be, . has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured if Borrower or GrantorGranter, as the case may be, after Xxxxxx Lxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender deems in XxxxxxLender’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (Clearday, Inc.)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (( 1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender deems in Xxxxxx’s Lender's sole discretion to discretixx xx be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Loan Agreement (Category 5 Technologies Inc)

Right to Cure. If any default, other than a default on Indebtednessindebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if It the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender deems in Xxxxxx’s Lender's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (Husker Ag Processing LLC)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten twenty (1020) days; or (2) if the cure requires more than ten twenty (1020) days, immediately initiate steps which Lender deems in Xxxxxx’s Lender's sole discretion to be xx sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Eldorado Artesian Springs Inc

Right to Cure. If any default, other than a default on Indebtednessindebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: default (1a) cure the default within ten thirty (1030) days; : or (2b) if the cure requires more than ten thirty (1030) days, immediately initiate steps which Lender deems in Xxxxxx’s Lender's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (Flotek Industries Inc/Cn/)

Right to Cure. If any default, other than a default on Indebtednessindebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten thirty (1030) days; or (2) if the cure requires more than ten thirty (1030) days, immediately initiate steps which Lender deems in Xxxxxx’s Lender's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (Stronghold Technologies Inc)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender deems in Xxxxxx’s Lender`s sole discretion to be he sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Trimedia Entertainment Group Inc

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten fifteen (10(15) days; or (2) if the cure requires more than ten (10fifteen 115) days, immediately initiate steps which Lender deems in XxxxxxLender’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (Portfolio Recovery Associates Inc)

Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten twenty (1020) days; or (2) if the cure requires more than ten twenty (1020) days, immediately initiate steps which Lender deems in Xxxxxx’s Lender's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Asa International LTD

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