Curable Default Clause Samples

Curable Default. For Defaults referred to in Sections 12.1.1 – 12.1.5 and 12.1.7, a defaulting party shall have ten (10) days to cure the Default after service of the written Notice of Default. The defaulting party will be in compliance with this provision if that party has, in good faith, commenced to remedy the default within the ten (10) day period and completes the cure within thirty (30) days. However, if the Defaulting party has committed two (2) or more defaults during the preceding thirty-six (36) month period (even if said Defaults were cured), all subsequent Defaults shall be deemed incurable.

Curable Default. All warranties, express or implied, shall inure to the benefit of PRIME and its successors and assigns. Costs for any termination activities shall be determined as follows in this Curable Default section. Consultant shall be in default upon occurrence of one or more of the following Default Events or Default Conditions set forth below and continuation thereof for 5 days following delivery to the Consultant of a notice from PRIME to cure such event or condition; provided, that if such event or condition is susceptible of cure but cannot reasonably be cured within such 5-day period and the Consultant commences cure of the event or condition within such 5-day period and continues to diligently prosecute the cure, then the Consultant shall have a reasonable period of time, not exceeding 15 days, to complete the cure. Default Events and Default Conditions: (a) any breach of the terms and conditions of this Agreement; (b) failure to perform approved work under this Agreement, or significant delay or discontinuance of performance of approved work except as caused by force majeure events; (c) lack of financial responsibility for loss or damage to PRIME or its property.

Curable Default. Notwithstanding any provision of this Agreement to the contrary, City, in its sole and absolute discretion, may terminate this Agreement upon fifteen (15) calendar days’ Notice to Subrecipient, if Subrecipient fails to comply with (i.e., defaults on) any term or condition of this Agreement. The Notice shall include a description of Subrecipient’s default. If Subrecipient fails to cure the default within fifteen (15) calendar days after the date Subrecipient receives the Notice, City may immediately terminate this Agreement. City reserves the right to suspend payments to Subrecipient during the fifteen (15) calendar day Notice period.

Curable Default. The occurrence of any one or more of the following events shall constitute a default by Licensee. Upon Licensee’s failure to cure during the cure period indicated below, this License shall terminate and Licensee shall immediately vacate and discontinue its use of the Harbor. (1) Failure by Licensee to pay any Fees and/or all other charges due hereunder within three (3) calendar days after written notice to cure , or (2) Failure to comply with any other provision of this License including the Rules and Regulations within seven (7) calendar days of notice in writing by the Harbormaster of such non-compliance, including failure to provide adequate proof of insurance in the amounts required by this License.