Cure Provision. As a condition precedent to any assertion that the Owner or Administrator is in default in performing any obligation under this Agreement or is in breach of any provision under this Agreement, either party shall advise the other thereof in detail and in writing, and the party receiving such notice shall be allowed a period of thirty (30) days after receipt of such written notice within which to cure such alleged default or breach. Notwithstanding any contrary provisions elsewhere in this Agreement, but subject to the above paragraph set out in this paragraph 12.16, if the Administrator commits a material breach of this Agreement, fails to account or render payments as required pursuant to section 5.01, and such failure continues beyond the thirty (30) day cure period set forth in this Section 12.16, then Owner shall thereupon have the right to terminate the term of this Agreement by written instrument to the Administrator.
Cure Provision. If any default, other than a default in payment is curable and if Borrower has not been given notice of a breach of the same provision of this Note within the preceding twelve (12) months, it may be cured if Borrower, after receiving written notice from Lender demanding cure of such default: (1) cures the default within twenty (20) days; or (2) if the cure requires more than twenty (20) days, immediately initiates steps which Lender deems in Lender’s sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Cure Provision. In the event P.R.O. shall have cause to believe Distributor has violated a term or condition of this Agreement, P.R.O. will submit in writing to Distributor notification that Distributor is not in good standing. Distributor will have sixty (60) days to respond and cure any problems, issues, grievances or non-compliance stated by P.R.O.
Cure Provision. As a condition precedent to any assertion that the MANAGER or ARTIST is in default in performing any obligation under this Agreement or is in breach of any provision under this Agreement, either party shall advise the other thereof in detail and in writing, and the party receiving such notice shall be allowed a period of thirty (30) days after receipt of such written notice within which to cure such alleged default or breach. Notwithstanding any contrary provisions elsewhere in this Agreement, if the MANAGER fails to account or render payments as required pursuant to Section 7.01, and such failure continues beyond the thirty (30) day cure period set forth in this Section 9.03, then ARTIST shall thereupon have the right to terminate this Agreement by written instrument to the MANAGER. ARTIST will also be entitled to terminate this Agreement in the event of: (i) MANAGER’s filing for, or being petitioned into, bankruptcy or receivership; (ii) or MANAGER’s fraud as adjudicated by a court of competent jurisdiction pursuant to a final non-appealable judgement. In the event of termination pursuant to subsection (ii) only of this paragraph, MANAGER’s right to receive Commissions pursuant to Paragraph 5.02 shall be rescinded.
Cure Provision. An Event of Default under this Agreement shall not occur as the result of failure of the Borrower to comply with a financial covenant contained in this Article VIII, if, within fifteen (15) calendar days after the Borrower discovers non-compliance,
(a) the Borrower pledges available Cash Balances to the Collateral Agent to secures the total balance of undrawn balances of outstanding Letters of Credit, and
(b) the Borrower repays all outstanding Advances under the Credit Facility. The Borrower acknowledges and agrees that once non-compliance with a financial covenant contained in this Article VIII occurs, the Banks shall not be required to release Cash Balances securing undrawn amounts under outstanding Letters of Credit and the Banks shall not be obligated to make any Advances or issue any Letter of Credit under the Credit Facility, unless and until the Borrower establishes, to the satisfaction of the Administrative Agent, that the Borrower is in full compliance with all of the financial covenants contained in this Article VIII.
Cure Provision. In reference to Termination for Default, the Commonwealth shall notify the contractor in writing at least 30 days prior to the proposed termination date of the default. Such written notice shall specifically state the reason of the intention to terminate. The contractor shall have 30 days in which to cure the default, unless such cure period is extended by agreement of the parties. If the default is not cured to the satisfaction of the Commonwealth within the 30 day cure period or any extension thereof, the contract shall be considered terminated at close of business on the 30th day or any agreed upon extension.
Cure Provision. Provided that the following shall not apply to any default of Guarantor arising under Sections 8.1(g), (h) or (i) of the Credit Agreement, a default hereunder may be cured if Guarantor delivers to the Administrative Agent (for the benefit of Lenders) within ten (10) days of such default, cash collateral (to be deposited with the Administrative Agent and subject to a first priority security interest in favor of the Administrative Agent) and/or letters of credit (in form and substance satisfactory to the Administrative Agent), to collateralize this Guarantee Agreement in an amount equal to Guarantor’s Obligations.
Cure Provision. Consultant shall be permitted a reasonable period of time, not to exceed 30 days, within which to make any required corrections.
Cure Provision. The infringing party will have 30 days to cure or resolve a problem before mediation or legal action can be taken.
Cure Provision. In the event one party is in breach of this Agreement, upon notice of that breach to be sent in duplicate by hand, overnight courier or certified mail, return receipt requested, to its Key Contact and Executive Contact, the party shall have thirty (30) days from receipt to cure its breach in all material respects. In the event the breaching party fails to cure that breach within that time period, the non-breaching party shall have the right to immediately terminate this Agreement on written notice.
