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 breach of the same provision of this Note within the preceding twelve (12) months, it may be cured (and no event of default will have occurred) if Borrower, after receiving written notice from Lender 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 initiates steps which Lender deems in Xxxxxx'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 practicable.

Appears in 1 contract

Samples: Promissory Note (Sapp Bros Investments LLC)

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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, it may be cured (and no event of default will have occurred) if Borrower, after receiving written notice from Lender 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 initiates steps which Lender deems in XxxxxxLender's sole discretion to be sufficient tx xx xufficient to cure the default and thereafter continues and completes all reasonable and necessary steps stops sufficient to produce compliance as soon as reasonably practicablepractical.

Appears in 1 contract

Samples: Change in Terms Agreement (Technology Research Corp)

Cure Provisions. If any default, other than a default in payment 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, it may be cured (and no event of default will have occurred) if Borrower, after receiving written notice from Lender demanding cure of such default: (1) cures the default within fifteen thirty (1530) days; or (2) if the cure requires more than fifteen thirty (1530) days, immediately initiates steps which Lender deems in XxxxxxLender'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 practicablepractical.

Appears in 1 contract

Samples: Security Agreement (Adsouth Partners, Inc.)

Cure Provisions. If any default, other than a default in payment payments 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, it may be cured (and no event of default will have occurred) if Borrower, after receiving written notice from Lender 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 initiates steps stops which Lender deems in Xxxxxx's 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 practicablepractical.

Appears in 1 contract

Samples: Change in Terms Agreement (Portfolio Recovery Associates 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 (12) months, it may be cured (and land no event of default will have occurred) if Borrower, after receiving written notice from Lender demanding cure of such default: (1) cures the default within fifteen thirty (1530) days; or (2) if the cure requires more than fifteen thirty (1530) days, immediately initiates steps which Lender deems in XxxxxxLender's sole discretion to be sufficient xxxxxxient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practicablepractical.

Appears in 1 contract

Samples: Eldorado Artesian Springs 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 provisions of this Note Agreement within the preceding twelve (12) months, it may be cured (and no event of default will have occurred) if Borrower, after receiving written notice from Lender 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 initiates steps which Lender deems in XxxxxxLender's sole discretion to be sufficient xx xxxficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practicablepractical.

Appears in 1 contract

Samples: Change in Terms Agreement (Eacceleration 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 provisions of this Note within the preceding twelve (12) months, it may be cured (and no event of default will have occurred) if Borrower, after receiving written notice from Lender lender demanding cure Cure of such default: (1) cures the default within fifteen five (155) days; or (2) if the cure requires more than fifteen five (155) days, immediately initiates steps which Lender deems in Xxxxxx's 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 practicablepractical.

Appears in 1 contract

Samples: Aircraft Security Agreement (Skyway Communications Holding 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, it may be cured (and no event of default will have occurred) if Borrower, after receiving written notice from Lender 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 initiates steps which Lender deems in Xxxxxx'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 practicablereasonable practical.

Appears in 1 contract

Samples: Security Agreement (Transbotics Corp)

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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, it may be cured (and no event of default will have occurred) if Borrower, after receiving written notice from Lender 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 initiates steps which Lender deems in XxxxxxLender's sole discretion to be sufficient bx xxxxicient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practicablepractical.

Appears in 1 contract

Samples: Change in Terms Agreement (I/Omagic 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, it may be cured (and no event of default will have occurred) if Borrower, after receiving written notice from Lender 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 initiates steps which Lender deems in Xxxxxx's 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 practicablepractical.

Appears in 1 contract

Samples: Business Loan Agreement (Niku 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 Agreement within the preceding twelve (12) months, it may be cured (and no event of default will have occurred) if Borrower, after receiving written notice from Lender 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 initiates steps which Lender deems in Xxxxxx's 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 practicablepractical.

Appears in 1 contract

Samples: Change in Terms Agreement (Portfolio Recovery Associates Inc)

Cure Provisions. If any default, other than a default in payment 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, it may be cured (and no event of default will have occurred) if Borrower, after receiving written notice from Lender demanding cure of such default: (1a) cures cure the default within fifteen (15) days; or (2b) if the cure requires more than fifteen (15) days, immediately initiates initiate steps which Lender deems in Xxxxxx's sole discretion to be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practicablepractical.

Appears in 1 contract

Samples: Promissory Note (Wellington Hall LTD)

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, it may be cured (and no event of default will have occurred) if Borrower, after receiving written notice from Lender demanding cure Cure of such default: (1) cures the default within fifteen ten (1510) days; or (2) if the cure requires more than fifteen ten (1510) days, immediately initiates steps which Lender deems in XxxxxxLender's sole discretion to be sufficient bx xxxxicient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practicablepractical.

Appears in 1 contract

Samples: Change in Terms Agreement (Coeur D Alenes Co /Ia/)

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