Common use of Compliance Default Clause in Contracts

Compliance Default. Failure to comply with any other term, obligation, covenant or condition contained in this Assignment, the Note or any of the Related Documents. If such a failure is curable and if Grantor has not been given a notice of a breach of the same provision of this Assignment within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Grantor, after Xxxxxx sends written notice demanding cure of such failure; (a) cures the failure within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps sufficient to cure the failure and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Compliance Default. Failure to comply with any other term, obligation, covenant or condition contained in this AssignmentDeed of Trust, the Note or in any of the Related Documents. If such a failure is curable and if Grantor has not been given a notice of a breach of the same provision of this Assignment Deed of Trust within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Grantor, after Xxxxxx Lender sends written notice demanding cure of such failure; : (a) cures the failure within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps sufficient to cure the failure and thereafter continues and completes all reasonable reasonable, and necessary steps sufficient to produce compliance as soon as reasonably practical.

Compliance Default. Failure to comply with any other term, obligation, covenant or condition contained in this AssignmentMortgage, the Note Note, the Loan Agreement, or any of the other Related Documents. If such a failure is curable and if Grantor has not been given a notice of a breach of the same provision of this Assignment Mortgage within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Grantor, after Xxxxxx City sends written notice demanding cure of such failure; (a) cures the failure within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps sufficient to cure the failure and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as is reasonably practical.

Compliance Default. Failure to comply with any other term, obligation, covenant or condition contained in this AssignmentMortgage, the Note Note, the Business Incentive Agreement, or any of the other Related Documents. If such a failure is curable and if Grantor has not been given a notice of a breach of the same provision of this Assignment Mortgage within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Grantor, after Xxxxxx City sends written notice demanding cure of such failure; (a) cures the failure within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps sufficient to cure the failure and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as is reasonably practical.