Cure Period. No default by either party hereto shall result in a termination or limitation of any rights of such party hereunder unless and until the other party shall have notified the defaulting party in writing of said default, and the defaulting party shall have failed to cure said default within thirty (30) days after the receipt of said written notice provided, however, that if the default cannot, by its nature, be cured within such thirty (30) day period, but the defaulting party commences and diligently pursues a cure of such default promptly within the initial thirty (30) day cure period, then the other party shall not exercise its remedies or limit the rights of the defaulting party unless such default remains uncured for more than ninety (90) days after the initial delivery of the other parties original default notice; provided, however, that the cure period for any default related to the making of the Capital Investment shall be one hundred eighty (180) days.
Appears in 7 contracts
Samples: Community Development Contract, Contract, Economic Redevelopment and Historic Property Preservation Agreement
Cure Period. No default by either party hereto shall result in a termination or limitation of any rights of such party hereunder unless and until the other party shall have notified the defaulting party in writing of said default, and the defaulting party shall have failed to cure said default within thirty (30) days after the receipt of said written notice provided, however, that if the default cannot, by its nature, be cured within such thirty (30) day period, but the defaulting party commences and diligently pursues a cure of such default promptly within the initial thirty (30) day cure period, then the other party shall not exercise its remedies or limit the rights of the defaulting party unless such default remains uncured for more than ninety (90) days after the initial delivery of the other parties original default notice; provided, however, that the cure period for any default related to the making of the Capital Investment shall be one hundred eighty (180) days.
Appears in 3 contracts
Samples: Economic Development Agreement, Economic Development Agreement, Economic Redevelopment Agreement
Cure Period. No default by either party hereto shall result in a termination or limitation of any rights of such party hereunder unless and until the other party shall have notified notifies the defaulting party in writing of said default, and the defaulting party shall have failed fails to cure said default within thirty (30) days after the receipt of said written notice provided, ; however, that if in the event of a non-monetary default which cannot, by its nature, be cured within such thirty (30) day period, but if the defaulting party commences and diligently pursues a cure of such default promptly within the initial thirty (30) day cure period, then the other party shall not exercise its remedies or limit the rights of the defaulting party unless such non-monetary default remains uncured for more than ninety (90) days after the initial delivery of the other parties original default notice; provided, however, that the cure period for any default related to the making of the Capital Investment shall be one hundred eighty (180) days.
Appears in 2 contracts
Samples: Economic Redevelopment Agreement, Economic Redevelopment Agreement
Cure Period. No default by either party hereto shall result in a termination or limitation of any rights of such party hereunder unless and until the other party shall have notified the defaulting party in writing of said default, and the defaulting party shall have failed to cure said default within thirty (30) days after the receipt of said written notice provided, however, that if the default cannot, by its nature, be cured within such thirty (30) day period, but the defaulting party commences and diligently pursues a cure of such default promptly within the initial thirty (30) day cure period, then the other party shall not exercise its remedies or limit the rights of the defaulting party unless such default remains uncured for more than ninety (90) days after the initial delivery of the other parties party’s original default notice; provided, however, that the cure period for any default related to the making of the Capital Investment shall be one hundred eighty (180) days.
Appears in 2 contracts
Samples: Economic Development Agreement, Economic Development Agreement
Cure Period. No default by either party hereto shall result in a termination or limitation of any rights of such party hereunder unless and until the other party shall have notified notifies the defaulting party in writing of said default, and the defaulting party shall have failed fails to cure said default within thirty sixty (3060) days after the receipt of said written notice notice, provided, however, that if in the event of a non-monetary default which cannot, by its nature, be cured within such thirty sixty (3060) day period, but if the defaulting party commences and diligently pursues a cure of such default promptly within the initial thirty sixty (3060) day cure period, then the other party shall not exercise its remedies or limit the rights of the defaulting party unless such non-monetary default remains uncured for more than ninety one hundred and twenty (90120) days after the initial delivery of the other parties party’s original default notice; provided, however, that the cure period for any default related to the making of the Capital Investment shall be one hundred eighty (180) days.
Appears in 1 contract
Samples: Inter Governmental Agreement