Common use of Cure Period for Breach Clause in Contracts

Cure Period for Breach. If any Party believes any other Party has breached the terms of this Agreement, the Party who believes the breach has occurred shall give written notice to the breaching Party of the nature of the breach and give the breaching Party 48 hours to cure. Notwithstanding the foregoing, this Subsection shall not apply to breach of the Parties’ obligations at Closing and shall not operate to delay Closing.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Arete Industries Inc), Purchase and Sale Agreement (Teton Energy Corp), Purchase and Sale Agreement (Storm Cat Energy CORP)

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Cure Period for Breach. If any Party believes any other Party has breached the terms of this Agreement, the Party who believes the breach has occurred shall give written notice to the breaching Party of the nature of the breach and give the breaching that Party 48 hours to cure. Notwithstanding the foregoing, this Subsection Section 7.2(d) shall not apply to breach of the Parties’ obligations at Closing and shall not operate to delay Closing.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (American Oil & Gas Inc), Purchase and Sale Agreement (American Oil & Gas Inc)

Cure Period for Breach. If any Party believes any other Party has breached the terms of this Agreement, the Party who believes the breach has occurred shall give written notice to the breaching Party of the nature of the breach and give the breaching Party 48 hours to cure. Notwithstanding the foregoing, this Subsection 8.3(d) shall not apply to breach of the Parties’ obligations at Closing and shall not operate to delay Closing.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Ausam Energy Corp), Purchase and Sale Agreement (Ausam Energy Corp)

Cure Period for Breach. If any Party believes any other Party has breached the terms of this Agreement, the Party who believes the breach has occurred shall give written notice to the breaching Party of the nature of the breach and give the breaching Party 48 hours at least two business days to cure. Notwithstanding the foregoing, this Subsection Section shall not apply to breach of the Parties' obligations at Closing and shall not operate to delay Closing.

Appears in 2 contracts

Samples: Joint Operating Agreement (Petroleum Development Corp), Joint Operating Agreement (Petroleum Development Corp)

Cure Period for Breach. If any Party to this Agreement believes any the other Party has materially breached the terms of this Agreement, the Party who believes the breach has occurred shall give written notice to the breaching Party of the nature of the breach and give the breaching that Party 48 hours two (2) business days to cure. Notwithstanding the foregoing, this Subsection Section 8.3(b) shall not apply to breach of the Parties’ obligations at Closing and shall not operate to delay ClosingClosing beyond June 30, 2011.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Delta Petroleum Corp/Co)

Cure Period for Breach. If any Party believes any other Party has breached the terms of this Agreement, the Party who believes the breach has occurred shall give written notice to the breaching Party of the nature of the breach and give the breaching Party 48 forty eight (48) hours to cure. Notwithstanding the foregoing, this Subsection shall not apply to breach of the Parties’ obligations at Closing and shall not operate to delay Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Synergy Resources Corp)

Cure Period for Breach. If any Party believes any other Party has breached the terms of this Agreement, the Party who believes the breach has occurred shall give written notice to the breaching Party of the nature of the breach and give the breaching Party 48 hours to cure. Notwithstanding the foregoing, this Subsection shall not apply to breach of the Parties' obligations at Closing and shall not operate to delay Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Synergy Resources Corp)

Cure Period for Breach. If any Party believes any other Party has breached the terms of this Agreement, the Party who believes the breach has occurred shall give written notice to the breaching Party of the nature of the breach and give the breaching Party 48 hours to cure. Notwithstanding the foregoing, this Subsection 9.3(d) shall not apply to breach of the Parties’ obligations at Closing and shall not operate to delay Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Magnum Hunter Resources Corp)

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Cure Period for Breach. If any Party to this Agreement believes any the other Party has materially breached the terms of this Agreement, the Party who believes the breach has occurred shall give written notice to the breaching Party of the nature of the breach and give the breaching that Party 48 hours two (2) business days to cure. Notwithstanding the foregoing, this Subsection Section 8.3(b) shall not apply to breach of the Parties’ obligations at Closing and shall not operate to delay Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Delta Petroleum Corp/Co)

Cure Period for Breach. If any a Party believes any the other Party has breached the terms of this Agreement, the Party who believes the breach has occurred shall give written notice to the breaching Party of the nature of the breach and give the breaching that Party 48 hours to cure. Notwithstanding the foregoing, this Subsection subsection 8.3(c) shall not apply to breach of the Parties' obligations at Closing and shall not operate to delay Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Bill Barrett Corp)

Cure Period for Breach. If any a Party believes any the other Party has breached the terms of this Agreement, the Party who believes the breach has occurred shall give prompt written notice to the breaching Party of the nature of the breach breach, and give the breaching Party 48 hours shall have five business days after the effectiveness of such written notice to curecure the alleged breach. Notwithstanding the foregoing, this Subsection Section 9.3(b) shall not apply to breach of the Parties’ obligations at Closing and shall not operate to delay Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (PetroHunter Energy Corp)

Cure Period for Breach. If any Party party to this Agreement believes any the other Party party has breached the terms of this Agreement, the Party party who believes the breach has occurred shall give written notice to the breaching Party party of the nature of the breach and give the breaching Party 48 hours that party two (2) business days to cure. Notwithstanding the foregoing, this Subsection 8.3(c) shall not apply to breach of the Partiesparties’ obligations at Closing and shall not operate to delay Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Infinity Energy Resources, Inc)

Cure Period for Breach. If any Party party to this Agreement believes any other Party party has breached the terms of this Agreement, the Party party who believes the breach has occurred shall may give written notice to the breaching Party party of the nature of the breach and give the breaching Party 48 hours that party five business days to cure. Notwithstanding the foregoing, this Subsection Section 8.3(b) shall not apply to breach of the Partiesparties’ obligations at Closing and shall not operate to delay ClosingClosing unless the non-breaching party agrees to extend the Closing to allow the other party to cure.

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement (Plains Exploration & Production Co)

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