Common use of Cure Upon Default Clause in Contracts

Cure Upon Default. Should a Party be in Default, the non-defaulting Party shall send written notice to the defaulting Party of the Default (the “Default Notice”). The Default Notice shall set forth with particularity the basis of the Default. The defaulting Party or a Party acting on its behalf shall have 30 days from receipt of the Default Notice (the “Cure Period”), to cure any monetary Default and a 90-day Cure Period to cure any non-monetary default. However, if the Default is a non-monetary Default of a nature that cannot be cured within the Cure Period, using reasonable diligence, the time to cure the Default shall be extended beyond the Cure Period for the time period required in order to allow the defaulting Party to cure the Default, provided that the defaulting Party continues using reasonable diligence to cure the Default. Upon the expiration of the Cure Period, or any extension thereof, and providing that the Default is not cured, the non- defaulting Party shall be permitted to invoke the remedies set forth in Section 9.4 below.

Cure Upon Default. Should a Party party be in Default, the non-defaulting Party party shall send written notice to the defaulting Party party of the Default (the “Default Notice”). The Default Notice shall set forth with particularity the basis of the Default. The defaulting Party party or a Party party acting on its behalf shall have 30 fifteen (15) days from receipt of the Default Notice (the “Cure Period”), to cure any monetary Default and a 90-sixty (60) day Cure Period to cure any non-monetary default. However, if the Default is a non-monetary Default of a nature that cannot be cured within the Cure Period, using reasonable diligence, the time to cure the Default shall be extended beyond the Cure Period for the time period required in order to allow the defaulting Party party to cure the Default, provided that the defaulting Party party continues using reasonable diligence to cure the Default. Upon the expiration of the Cure Period, or any extension thereof, and providing that the Default is not cured, the non- non-defaulting Party party shall be permitted to invoke the remedies set forth in Section 9.4 below.

Cure Upon Default. Should a Party be in Default, the non-defaulting Party shall send written notice to the defaulting Party of the Default (the “Default Notice”). The Default Notice shall set forth with particularity the basis of the Default. The defaulting Party or a Party acting on its behalf shall have 30 15 days from receipt of the Default Notice (the “Cure Period”), to cure any monetary Default and a 9060-day Cure Period to cure any non-monetary default. However, if the Default is a non-monetary Default of a nature that cannot be cured within the Cure Period, using reasonable diligence, the time to cure the Default shall be extended beyond the Cure Period for the time period required in order to allow the defaulting Party to cure the Default, provided that the defaulting Party continues using reasonable diligence to cure the Default. Upon the expiration of the Cure Period, or any extension thereof, and providing that the Default is not cured, the non- defaulting Party shall be permitted to invoke the remedies set forth in Section 9.4 below.