Cure Provisions. If any default, other than a default in payment or failure to satisfy Lender's requirement in the Insufficient Market Value of Securities section 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 Lender's sole discretion xx xx sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 4 contracts
Samples: Promissory Note (Peoples Bancorp Inc), Promissory Note (Peoples Bancorp Inc), Promissory Note (Georgia Bancshares Inc//)
Cure Provisions. If any default, other than a default in payment or failure to satisfy Lender's ’s requirement in the Insufficient Market Value of Securities section is curable and if Borrower Grantor 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 BorrowerGrantor, 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 Lender's ’s sole discretion xx xx 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.
Appears in 3 contracts
Samples: Commercial Pledge Agreement, Commercial Pledge Agreement (Zimmer Alan M), Commercial Pledge Agreement (Zimmer Alan M)
Cure Provisions. If any default, other than a default in payment or failure to satisfy Lender's requirement in the Insufficient Market Value of Securities section is curable and if Borrower Grantor has not been given a notice of a breach of the same provision of this Note Agreement within the preceding preceding, twelve (12) months, it may be cured (and land no event of default will have occurred) if BorrowerGrantor, 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 Lender's sole discretion xx xx 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.
Appears in 2 contracts
Samples: Commercial Pledge Agreement (Peoples Bancorp Inc), Commercial Pledge Agreement (Peoples Bancorp Inc)
Cure Provisions. If any default, other than a default in payment or failure to satisfy Lender's requirement in the Insufficient Market Value of Securities section is curable and if Borrower Grantor 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 BorrowerGrantor, 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 Xxxxxx deems in LenderXxxxxx's sole discretion xx xx 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.
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Cure Provisions. If any default, other than a default in payment or failure to satisfy Lender's requirement in the Insufficient Market insufficient book Value of Securities section 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 LenderLxxxxx's sole discretion xx xx 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.
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Cure Provisions. If any default, other than a default in payment or failure to satisfy Lender's Creditor’s requirement in the Insufficient Market Value of Securities section is curable and if Borrower Debtor 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 BorrowerDebtor, after receiving written notice from Lender Creditor 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 Creditor deems in Lender's Creditor’s sole discretion xx xx 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.
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