Common use of CURE OR STAY OF DEFAULT Clause in Contracts

CURE OR STAY OF DEFAULT. In the event the default of Landlord or Tenant cannot be cured within the grace periods provided in Section 20.01 or 20.02, such default shall be deemed to have been cured if the defaulting party shall have commenced compliance within such grace period, and continues to prosecute the same with due diligence.

Appears in 5 contracts

Samples: Lease Agreement (Petro Stopping Centers L P), Lease Agreement (Petro Stopping Centers L P), Lease Agreement (Petro Stopping Centers Holdings Lp)

AutoNDA by SimpleDocs

CURE OR STAY OF DEFAULT. (a) In the event the default of Landlord or Tenant cannot be cured within the grace periods provided in Section 20.01 19.01 or 20.0219.02, such default shall be deemed to have been cured if the defaulting party shall have commenced compliance within such grace period, and continues to prosecute the same with due diligence.

Appears in 2 contracts

Samples: Lease Agreement (Petro Stopping Centers L P), Lease Agreement (Petro Stopping Centers Holdings Lp)

CURE OR STAY OF DEFAULT. (A) In the event the default of Landlord or Tenant cannot be cured within the grace periods provided in Section 20.01 19.01 or 20.0219.02, such default shall be deemed to have been cured if the defaulting party shall have commenced compliance within such grace period, and continues to prosecute the same with due diligence.

Appears in 1 contract

Samples: Lease Agreement (Petro Stopping Centers L P)

AutoNDA by SimpleDocs

CURE OR STAY OF DEFAULT. In the event the default of Landlord or Tenant cannot be cured within the grace periods provided in Section 20.01 or 20.02, such default shall be deemed to have been cured if the defaulting party shall have commenced compliance within such grace period, and continues to prosecute the same with due diligencediligence such that the default shall be cured within sixty (60) days.

Appears in 1 contract

Samples: Sublease Agreement (Petro Stopping Centers L P)

Time is Money Join Law Insider Premium to draft better contracts faster.