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

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

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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

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

Samples: Operating Agreement (Sedona Corp)

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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

Samples: Time Brokerage Agreement (Capstar Broadcasting Corp)

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