Curing a Breach Sample Clauses

Curing a Breach. Either Party who receives a written Notice of Termination, of this Agreement, for a material breach by the other Party, the breaching Party will have the opportunity to cure such breach or breaches within the Thirty (30) day period specified in the notice. In the event a cure is not made within the Thirty (30) day period, this Agreement will terminate.
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Curing a Breach. In the event either party believes that the other has committed a material breach of this Agreement, the party maintaining such a belief shall issue notice to the other, identifying the facts as perceived, and both parties shall bargain in good faith to cure the breach as stated in the notice. If such a breach cannot be cured within 30 days of the notice having been given, the non-breaching party may terminate this AGREEMENT. Should the parties agree to a resolution to the breach, they shall commit the resolution to a writing prior to the date specified under this section. Any act in curing an actual or alleged breach shall not be construed to effect future application of the provision alleged to have been breached or any other provision of this Agreement. Any decision by a non-breaching party to choose not to terminate this Agreement shall not be regarded as an acceptance or waiver of the breach.
Curing a Breach. Lessee shall be granted thirty (30) days to cure any such breach set forth herein following written notice of Lessor’s intent to exercise any rights and remedies set forth herein. If Lessee is unable to cure within thirty (30) days, but is diligently working to cure the Default, Lessee shall be granted an additional thirty (30) days to complete the cure of Default. All breaches must be cured upon thirty (30) days prior to the expiration of the Term, otherwise such breaches are deemed uncured.

Related to Curing a Breach

  • Material Breach A material breach for purposes of this Agreement shall include, but not be limited to:

  • Seller’s Breach Upon discovery by a Responsible Officer of the Master Servicer, the Securities Administrator or the Trustee or notice to the Master Servicer, the Securities Administrator or the Trustee of any defective or missing document (as described in the related Sale Agreement) in a Trustee Mortgage Loan File, or of any breach by any Seller of any representation, warranty or covenant under the related Sale Agreement, which defect or breach materially and adversely affects the value of any Mortgage Loan or the interest of the Trust therein (it being understood that any such defect or breach shall be deemed to have materially and adversely affected the value of the related Mortgage Loan or the interest of the Trust therein if the Trust incurs a loss as a result of such defect or breach),the parties discovering or receiving notice of such defect or breach shall notify the Securities Administrator. Upon discovering or receipt of notice of such breach, the Securities Administrator shall promptly request that such Seller cure such breach and, if such Seller does not cure such defect or breach in all material respects by the end of the cure period specified in such Sale Agreement and any extension of the cure period granted as permitted by such Sale Agreement, shall enforce such Seller’s obligation under such Sale Agreement to purchase such Mortgage Loan from the Trustee. In the event any Servicer has breached a representation or warranty under the related Servicing Agreement that is substantially identical to a representation or warranty breached by a Seller, the Securities Administrator shall first proceed against such Servicer. If such Servicer does not within 60 days (or such other period provided in the related Servicing Agreement) after notification of the breach, either take steps to cure such breach (which may be evidenced by a certificate asking for an extension of time in which to effectuate a cure) or complete the purchase of the Mortgage Loan, then (i) the Securities Administrator, shall enforce the obligations of the Seller under the related Sale Agreement to cure such breach or to purchase the Mortgage Loan from the Trust, and (ii) such Seller shall succeed to the rights of the Securities Administrator to enforce the obligations of the Servicer to cure such breach or repurchase such Mortgage Loan under the Servicing Agreement with respect to such Mortgage Loan. Notwithstanding the foregoing, however, if any breach of a representation or warranty by the Servicer or of a Seller is a Qualification Defect, a cure or purchase must take place within 75 days of the Defect Discovery Date.

  • Breach A breach of the contract clauses above may be grounds for termination of the contract, and for debarment as a contractor and subcontractor as provided in 29 C.F.R. § 5.12.

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