Common use of Cure Periods Clause in Contracts

Cure Periods. An Event of Default under 17(a) above shall not be deemed to have occurred until thirty (30) business days after the non-defaulting party has provided the defaulting party with written notice specifying the event or events that if not cured would constitute an Event of Default. The Event of Default which is subject to a cure period hereunder shall not be deemed to have occurred if actions necessary and sufficient to cure are taken during the relevant cure period.

Appears in 2 contracts

Sources: Time Brokerage Agreement (Benedek License Corp), Time Brokerage Agreement (Benedek License Corp)

Cure Periods. An Event of Default under 17(a) above shall not be deemed to have occurred until thirty five (305) business days after the non-defaulting party has provided the defaulting party with written notice specifying the event or events that if not cured would constitute an Event of Default. The Event of Default which is subject to a cure period hereunder shall not be deemed to have occurred if actions and specifying the action necessary and sufficient to cure are taken during the relevant default within such period. This period may be extended for a reasonable period of time, if the defaulting party is acting in good faith to cure periodthe default and such default is not materially adverse to the other party.

Appears in 2 contracts

Sources: Time Brokerage Agreement (Oro Spanish Broadcasting Inc), Time Brokerage Agreement (Oro Spanish Broadcasting Inc)

Cure Periods. An Event of Default under 17(a) above shall not be deemed to have occurred until thirty (30) business days after the non-defaulting party has provided the defaulting party with written notice specifying the event or events that that, if not cured cured, would constitute an Event of Default. The Event of Default which is subject to a cure period hereunder shall not be deemed to have occurred if and specifying the actions necessary and sufficient to cure are taken during the relevant default(s) within such period. This period may be extended for a reasonable period of time if the defaulting party is acting in good faith to cure periodand such delay is not materially adverse to the other party.

Appears in 2 contracts

Sources: Local Programming and Marketing Agreement (Blaya Inc), Local Programming and Marketing Agreement (Oro Spanish Broadcasting Inc)

Cure Periods. An Event of Default under 17(a) above shall not be deemed to have occurred until thirty (30) business days (or in the event of a payment default, fifteen (15) days) after the non-defaulting party has provided the defaulting party with written notice specifying the event or events that if not cured would constitute an Event of Default. The Event of Default which is subject to a cure period hereunder shall , and such event has not be deemed to have occurred if actions necessary and sufficient to cure are taken during the relevant cure been cured within such time period.

Appears in 1 contract

Sources: Time Brokerage Agreement (Capstar Broadcasting Corp)

Cure Periods. An Event of Default under 17(a) above shall not be deemed to have occurred until thirty twenty (3020) business days after the non-defaulting party has provided the defaulting party with written notice specifying the event or events that if not cured would constitute an Event of Default. The Event of Default which is subject to a cure period hereunder shall not be deemed to have occurred if and specifying the actions necessary and sufficient to cure are taken during within such period. This period may be extended for a reasonable period of time if the relevant defaulting party is acting in good faith to cure periodand such delay is not materially adverse to the other party.

Appears in 1 contract

Sources: Time Brokerage Agreement (Nassau Broadcasting Corp)

Cure Periods. An Event of Default under 17(a) above shall not be deemed to have occurred until thirty fifteen (3015) business days after the non-defaulting party has provided the defaulting party with written notice specifying the event or events that that, if not cured cured, would constitute an Event of Default. The Event of Default which is subject to a cure period hereunder shall not be deemed to have occurred if and specifying the actions necessary and sufficient to cure are taken during the relevant default(s) within such period. This period may be extended for a reasonable period of time if the defaulting party is acting in good faith to cure periodand such delay is not materially adverse to the other party.

Appears in 1 contract

Sources: Time Brokerage Agreement (Regent Communications Inc)

Cure Periods. An Event of Default under 17(a) above shall not be deemed to have occurred until thirty twenty-five (3025) business days, or fifteen (15) days in the event of a monetary default, after the non-defaulting party has provided the defaulting party with written notice specifying the event or events that that, if not cured cured, would constitute an Event of Default. The Event of Default which is subject to a cure period hereunder shall not be deemed to have occurred if and specifying the actions necessary and sufficient to cure are taken during within such period. This period may be extended for a reasonable period of time if the relevant defaulting party is acting in good faith to cure periodand such delay is not materially adverse to the other party.

Appears in 1 contract

Sources: Time Brokerage Agreement (Nassau Broadcasting Corp)

Cure Periods. An Except as provided in Section 15.3, an Event of Default under 17(a) above shall not be deemed to have occurred until thirty ten (3010) business days after the non-defaulting party has provided the defaulting party with written notice specifying the event or events that if not cured would constitute an Event of Default. The Event of Default which is subject to a cure period hereunder shall not be deemed to have occurred if and specifying the actions necessary and sufficient to cure are taken during the relevant default within said period, and such cure has not occurred within said time period. This period may be extended for a reasonable period of time, if the defaulting party is acting in good faith to cure the default and such delay is not materially adverse to the other party.

Appears in 1 contract

Sources: Joint Selling Agreement (Triathlon Broadcasting Co)

Cure Periods. An Event of Default under 17(a) above shall not be deemed to have occurred until thirty (30) business days (or ten (10) days if a payment default) after the non-defaulting party has provided the defaulting other party with written notice specifying the event or events that if not cured would constitute an Event of Default. The Event of Default which is subject to a cure period hereunder shall not be deemed to have occurred if actions necessary and sufficient to cure are taken during within such period. This period may be extended (in writing only and only by the relevant non-defaulting party) for a reasonable period of time if the defaulting party is acting diligently and in good faith to cure periodand such delay is not materially adverse to the other party.

Appears in 1 contract

Sources: Time Brokerage Agreement (Nexstar Broadcasting Group Inc)

Cure Periods. An Event of Default under 17(a) above shall not be deemed to have occurred until thirty fifteen (3015) business days (or in the event of payment default, five (5) days) after the non-defaulting party has provided the defaulting party with written notice specifying the event or events that if not cured would constitute an Event of Default. The Event of Default which is subject to a cure period hereunder shall not be deemed to have occurred if and specifying the actions necessary and sufficient to cure within such period. This period shall be extended for a reasonable period of time if the defaulting party is acting in good faith to cure and such delays are taken during not materially adverse to the relevant cure periodnon-defaulting party.

Appears in 1 contract

Sources: Operating Agreement (Sedona Corp)