Common use of Cure Provisions Clause in Contracts

Cure Provisions. If any default, other than a default in payment is curable and if Borrower has not been given a notice of a breach of the same provision of this Note within the preceding twelve (12) months, if may be cured if Borrower, after Xxxxxx sends written notice to Borrower demanding cure of such default: (1) cures the default within fifteen (15) days; or (2) If the cure requires more than fifteen (15) days, immediately [ILLEGIBLE] 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. LENDER’S RIGHTS. Upon default, Xxxxxx may declare the [ILLEGIBLE] unpaid principal balance this Note and all accrued unpaid interest immediately due, and than Borrower will pay that amount.

Appears in 1 contract

Samples: Business Loan Agreement (First Light Bancorp)

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Cure Provisions. If any default, other than a default in payment is curable and if Borrower has not been given a notice of a breach of the same provision of this Note within the preceding twelve (12) months, if it may be cured (and no event of default will have occurred) if Borrower, after Xxxxxx sends receiving written notice to Borrower from Lender demanding cure of such default: (1) cures the default within fifteen ten (1510) days; or (2) If if the cure requires more than fifteen ten (1510) days, immediately [ILLEGIBLE] initiates steps which Lender deems in Lender’s 's sole discretion to be sufficient to cure the default and thereafter xxereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as PROMISSORY NOTE LOAN NO: 9001 (CONTINUED) PAGE 2 ================================================================================ reasonably practical. LENDER’S 'S RIGHTS. Upon default, Xxxxxx Lender may declare the [ILLEGIBLE] entire unpaid principal balance on this Note Xxxx and all accrued unpaid interest immediately due, and than then Borrower will pay that amount.

Appears in 1 contract

Samples: Meadow Valley Corp

Cure Provisions. If any default, other than a default in payment is curable and if Borrower has not been given a notice of a breach of the same provision of this Note within the preceding twelve (12) months, if it may be cured if Borrower, after Xxxxxx sends receiving written notice to Borrower from Lender demanding cure of such default: (1) cures the default within fifteen (15I5) days; or (2) If if the cure requires more than fifteen (15) days, immediately [ILLEGIBLE] 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. LENDER’S RIGHTS. Upon default, Xxxxxx Lender may declare the [ILLEGIBLE] entire unpaid principal balance on this Note and all accrued unpaid interest immediately due, and than then Borrower will pay that amount.

Appears in 1 contract

Samples: Business Loan Agreement (Uroplasty Inc)

Cure Provisions. If any default, other than a default in payment is curable and if Borrower has not been given a notice of a breach of the same provision of this Note Agreement within the preceding twelve (12) months, if it may be cured (and no event of default will have occurred) if Borrower, after Xxxxxx sends receiving written notice to Borrower from Lender demanding cure of such default: (1) cures the default within fifteen (15) days; or (2) If if the cure requires more than fifteen (15) days, immediately [ILLEGIBLE] initiates steps which Lender deems in Lender’s '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. LENDER’S 'S RIGHTS. Upon default, Xxxxxx Lender may declare the [ILLEGIBLE] entire unpaid principal balance on this Note Agreement and all accrued unpaid interest immediately due, and than then Borrower will pay that amount.

Appears in 1 contract

Samples: Fafco Inc

Cure Provisions. If any default, other than a default in payment is curable and if Borrower has not been given a notice of a breach of the same provision of this Note within the preceding twelve (1212)months, it may cured (and no event of default will have occurred) months, if may be cured if Borrower, after Xxxxxx sends receiving written notice to Borrower from Lender demanding cure of such default: (1) cures the default within fifteen ten (1510) days; or (2) If if the cure requires more than fifteen ten (1510) days, immediately [ILLEGIBLE] 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. LENDER’S RIGHTS. Upon default, Xxxxxx Lender may declare the [ILLEGIBLE] entire unpaid principal balance on this Note and all accrued unpaid interest immediately due, and than then Borrower will pay that amount.

Appears in 1 contract

Samples: Champion Industries Inc

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Cure Provisions. If any default, other than a default in payment is curable and if Borrower has not been given a notice of a breach of the same provision of this Note Agreement within the preceding twelve (12) months, if it may be cured if Borrowerborrower, after Xxxxxx sends receiving written notice to Borrower from Lender demanding cure of such default: (1) cures the default within fifteen thirty (1530) days; or (2) If if the cure requires more than fifteen thirty (1530) days, immediately [ILLEGIBLE] 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. LENDER’S RIGHTS. Upon default, Xxxxxx Lender may declare the [ILLEGIBLE] entire unpaid principal balance under this Note Agreement and all accrued unpaid interest immediately due, and than Borrower then borrower will pay that amount.

Appears in 1 contract

Samples: Change in Terms Agreement (Pure Earth, Inc.)

Cure Provisions. If any default, other than a default in payment is curable and if Borrower has not been given a notice of a breach of the same provision of this Note Agreement within the preceding twelve (12) months, if it may be cured (and no event of default will have occurred) if Borrower, after Xxxxxx sends receiving written notice to Borrower from Lender demanding cure of such default: (1) cures the default within fifteen five (155) days; or (2) If if the cure requires more than fifteen five (155) days, immediately [ILLEGIBLE] initiates steps which Lender deems in Lender’s '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. LENDER’S 'S RIGHTS. Upon default, Xxxxxx may Lender may, after giving such notices as required by applicable law, declare the [ILLEGIBLE] entire unpaid principal balance on this Note Agreement and all accrued unpaid interest immediately due, and than then Borrower will pay that amount.

Appears in 1 contract

Samples: Change in Terms Agreement (Insci Statements Com Corp)

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