Common use of CURE PERIOD AND TERMINATION OF AGREEMENT Clause in Contracts

CURE PERIOD AND TERMINATION OF AGREEMENT. a. Remedies of Facilitator. Within five business days after learning of an event of default, Facilitator shall send a written notice to Producer and the Commission specifying the default and allowing a cure period of 30 days from the date of notice to Producer and the Commission, unless a shorter period is ordered by the Commission. If the default is not cured within the cure period, Facilitator shall send a notice of termination to Producer and the Commission to take effect ten business days after the notice is sent, absent an order of the Commission to the contrary.

CURE PERIOD AND TERMINATION OF AGREEMENT. a. Remedies of Facilitator. Within five business days after learning of an event of default, Facilitator shall send a written notice to Producer and the Commission Board specifying the default and allowing a cure period of 30 days from the date of notice to Producer and the CommissionBoard, unless a shorter period is ordered by the CommissionBoard. If the default is not cured within the cure period, Facilitator shall send a notice of termination to Producer and the Commission Board to take effect ten business days after the notice is sent, absent an order of the Commission Board to the contrary.

CURE PERIOD AND TERMINATION OF AGREEMENT. a. Remedies of Facilitator. Within five business days after learning of an event of default, Facilitator shall send a written notice to Producer and the Commission Board specifying the default and allowing a cure period of 30 days from the date of notice to Producer and the CommissionBoard, unless a shorter period is ordered by the CommissionBoard. If the default is not cured within the cure period, Facilitator shall send a notice of termination to Producer and the Commission Board to take effect ten business days after the notice is sent, absent an order of the Commission Board to the contrary.