Common use of Curative Period Clause in Contracts

Curative Period. In the event the Developer shall fail to perform a monetary covenant which the Developer is required to perform under this Agreement, notwithstanding any other provision of this Agreement to the contrary, an Event of Default shall not be deemed to have occurred unless the Developer shall have failed to perform such monetary covenant within thirty (30) days of its receipt of a written notice from the City specifying that it has failed to perform such monetary covenant. In the event the Developer shall fail to perform a non-monetary covenant which the Developer is required to perform under this Agreement, notwithstanding any other provision of this Agreement to the contrary, an Event of Default shall not be deemed to have occurred unless the Developer shall have failed to cure such default within forty-five (45) days of its receipt of a written notice from the City specifying the nature of the default; provided, however, with respect to those non-monetary defaults which are not capable of being cured within such forty-five (45) day period, the Developer shall not be deemed to have committed an Event of Default under this Agreement if it has commenced to cure the alleged default within such forty-five (45) day period and thereafter diligently and continuously prosecutes the cure of such default until the same has been cured.

Curative Period. In the event the Developer shall fail to perform a monetary covenant which the Developer it is required to perform under this Agreement, notwithstanding any other provision of this Agreement to the contrary, an Event of Default shall not be deemed to have occurred unless the Developer shall have has failed to perform such monetary covenant within thirty ten (3010) days of its receipt of a written notice from the City specifying that it has failed to perform such monetary covenant. In the event the Developer shall fail to perform a non-monetary covenant which the Developer it is required to perform under this Agreement, notwithstanding any other provision of this Agreement to the contrary, an Event of Default shall not be deemed to have occurred unless the Developer shall have has failed to cure such default within forty-five thirty (4530) days of its receipt of a written notice from the City specifying the nature of the default; provided, however, with respect to those non-non- monetary defaults which are not capable of being cured within such forty-five thirty (4530) day period, the Developer shall not be deemed to have committed an Event of Default under this Agreement if it has commenced to cure the alleged default within such forty-five thirty (4530) day period and thereafter diligently and continuously prosecutes the cure of such default until the same has been cured.

Curative Period. In the event the Developer CTA shall fail to perform a monetary covenant which the Developer CTA is required to perform under this Agreement, notwithstanding any other provision of this Agreement to the contrary, an Event of Default shall not be deemed to have occurred unless the Developer shall have CTA has failed to perform such monetary covenant within thirty (30) days of its receipt of a written notice from the City specifying that it has failed to perform such monetary covenant. In the event the Developer CTA shall fail to perform a non-monetary covenant which the Developer CTA is required to perform under this Agreement, notwithstanding any other provision of this Agreement to the contrary, an Event of Default shall not be deemed to have occurred unless the Developer shall have CTA has failed to cure such default within forty-five ninety (4590) days of its receipt of a written notice from the City specifying the nature of the default; provided, however, with respect to those non-monetary defaults which are not capable of being cured within such forty-five ninety (4590) day period, the Developer CTA shall not be deemed to have committed an Event of Default under this Agreement if it has commenced to cure the alleged default within such forty-five ninety (4590) day period and thereafter diligently and continuously prosecutes the cure of such default until the same has been cured.

Curative Period. In the event Developer shall fail. to perform a monetary covenant which Developer is required to perform under this Agreement, notwithstanding any other provision of this Agreement lb the contrary, an Event of Default shall not be deemed to have occurred unless Developer has failed to perform such monetary covenant within ten (10) days of its receipt of a written notice from the City specifying that it has failed to perform such monetary covenant. In the event Developer shall fail to perform a non-monetary covenant which the Developer is required to perform under this Agreement, notwithstanding any other provision of this Agreement to the contrary, an Event of Default shall not be deemed to have occurred unless the Developer shall have failed to perform such monetary covenant within thirty (30) days of its receipt of a written notice from the City specifying that it has failed to perform such monetary covenant. In the event the Developer shall fail to perform a non-monetary covenant which the Developer is required to perform under this Agreement, notwithstanding any other provision of this Agreement to the contrary, an Event of Default shall not be deemed to have occurred unless the Developer shall have failed to cure such default within forty-five thirty (4530) days of its receipt of a written notice from the City specifying the nature of the default; provided, however, with respect to those non-monetary defaults which which_ are not capable of being cured within such forty-five thirty (4530) day period, the Developer shall not be deemed to have committed an Event of Default under this Agreement if it has commenced commeraced to cure the alleged default within such forty-five thirty (4530) day period and thereafter diligently and continuously prosecutes the cure of such such-default until the same has been cured. [[In the Event of Default under this Agreement, the Investor shall have the right, but not the obligation, to cure any default within the same cure periods given above, and the City and DOH shall accept aray such cure by the Investor as if performed by the Developer.]]

Curative Period. In the event the Developer shall fail to perform a monetary covenant which the Developer is required to perform under this Agreement, notwithstanding any other provision of this Agreement to the contrary, an Event of Default shall not be deemed to have occurred unless the Developer shall have has failed to perform such monetary covenant within thirty ten (3010) days of its receipt of a written notice from the City specifying that it has failed to perform such monetary covenant. In the event the Developer shall fail to perform a non-non- monetary covenant which the Developer is required to perform under this Agreement, notwithstanding any other provision of this Agreement to the contrary, an Event of Default shall not be deemed to have occurred unless the Developer shall have has failed to cure such default within forty-five thirty (4530) days of its receipt of a written notice from the City specifying the nature of the default; provided, however, with respect to those non-monetary defaults which are not capable of being cured within such forty-five thirty (4530) day period, the Developer shall not be deemed to have committed an Event of Default under this Agreement if it has commenced to cure the alleged default within such forty-five thirty (4530) day period and thereafter diligently and continuously prosecutes the cure of such default until the same has been cured.