Common use of City Right to Cure Defaults Clause in Contracts

City Right to Cure Defaults. In the event of a breach or default by Developer under a mortgage or deed of trust secured by the Subject Property or the Improvements, City may cure the default, without acceleration of the subject loan, following prior notice thereof to the holder of such instrument and Developer. In such event, Developer shall be liable for, and City shall be entitled to reimbursement from Developer for all costs and expenses incurred by City associated with and attributable to the curing of the default or breach.

City Right to Cure Defaults. In the event of a breach or default by Developer under a mortgage or deed of trust secured by the Subject Property or the ImprovementsProperty, City may (but has no obligation to) cure the default, without acceleration of the subject loan, following prior notice thereof to the holder of such instrument and Developer. In such event, Developer shall be liable for, and City shall be entitled to reimbursement from Developer for all costs and expenses incurred by City associated with and attributable to the curing of the default or breachbreach and such sum shall constitute a part of the indebtedness secured by the Deed of Trust.

City Right to Cure Defaults. In the event of a breach or default by Developer Xxxxxxxx under a mortgage or deed of trust secured by the Subject Property or the ImprovementsProperty, City may (but has no obligation to) cure the default, without acceleration of the subject loan, following prior notice thereof to the holder of such instrument and DeveloperBorrower. In such event, Developer Borrower shall be liable for, and City shall be entitled to reimbursement from Developer Borrower for all costs and expenses incurred by City associated with and attributable to the curing of the default or breachbreach and such sum shall constitute a part of the indebtedness secured by the Predevelopment Deed of Trust.

City Right to Cure Defaults. In the event of a breach or default by Developer Xxxxxxxx under a mortgage or deed of trust secured by the Subject Property or the Improvements, City may cure the default, without acceleration of the subject loan, following prior notice thereof to the holder of such instrument and DeveloperBorrower. In such event, Developer Borrower shall be liable for, and City shall be entitled to reimbursement from Developer Borrower for all costs and expenses incurred by City associated with and attributable to the curing of the default or breachbreach and such sum shall constitute a part of the indebtedness secured by the City Deed of Trust.

City Right to Cure Defaults. In the event of a breach or default by Developer under a mortgage or deed of trust secured by the Subject Property or the Improvements, City may cure the default, without acceleration of the subject loan, following prior notice thereof to the holder of such instrument and Developer. In such event, Developer shall be liable for, and City shall be entitled to reimbursement from Developer for all costs and expenses incurred by City associated with and attributable to the curing of the default or breach.