Common use of Certain Cure Periods Clause in Contracts

Certain Cure Periods. In the event that there shall occur any Default that affects only certain Unencumbered Property or the owner(s) thereof (if such owner is a Subsidiary Guarantor) or the removal of certain Unencumbered Property would cure the Default, then the Borrower may elect to cure such Default (so long as no other Default or Event of Default would arise as a result) by electing to have Agent remove such Real Estate as an Unencumbered Property (and the Borrower’s compliance with Section 3.2 as a result thereof), in which event such removal and reduction shall be completed within thirty (30) days after receipt of notice of such Default from the Agent or the Required Lenders.

Certain Cure Periods. In the event that there shall occur any Default that affects only certain Unencumbered Collateral Property or the owner(s) thereof (if such owner is a Subsidiary GuarantorCredit Party) or the removal of certain Unencumbered Collateral Property would cure the Default, then the Borrower Borrowers may elect to cure such Default (so long as no other Default or Event of Default would arise as a result) by electing to have Agent remove such Real Estate as an Unencumbered Collateral Property from the calculation of the Borrowing Base Availability (and the Borrower’s Borrowers’ compliance with Section 3.2 as a result thereof), in which event such removal and reduction shall be completed within thirty (30) days after receipt of notice of such Default from the Agent or the Required Lenders.

Certain Cure Periods. In the event that there shall occur any Default that affects only certain Unencumbered Collateral Property or the owner(s) thereof (if such owner is a Subsidiary Guarantor) or the removal of certain Unencumbered Collateral Property would cure the Default, then the Borrower may elect to cure such Default (so long as no other Default or Event of Default would arise as a result) by electing to have Agent remove such Real Estate as an Unencumbered Collateral Property from the calculation of the Borrowing Base Availability (and the Borrower’s 's compliance with Section 3.2 as a result thereof), in which event such removal and reduction shall be completed within thirty (30) days after receipt of notice of such Default from the Agent or the Required Lenders.

Certain Cure Periods. In the event that there shall occur any Default that affects only certain Unencumbered Collateral Property or the owner(s) thereof (if such owner is a Subsidiary Guarantor) or the removal of certain Unencumbered Collateral Property would cure the Default, then the Borrower may elect to cure such Default (so long as no other Default or Event of Default would arise as a result) by electing to have Agent remove such Real Estate as an Unencumbered Collateral Property from the calculation of the Borrowing Base Availability (and the Borrower’s ’ compliance with Section 3.2 as a result thereof), in which event such removal and reduction shall be completed within thirty (30) days after receipt of notice of such Default from the Agent or the Required Lenders.