Curing Default. Notwithstanding any DEFAULT provisions of this Lease Agreement, any present or future holder of a mortgage or deed of trust securing money loaned on facilities located on the Leased Premises shall have the right of a thirty (30) day notice of default within which to cure any DEFAULT which may be cured by the payment of money. In addition, for any other DEFAULT for which a forfeiture of said Lease Agreement may be invoked, such holder of such mortgage or deed of trust shall be entitled to a notice in writing of the claimed DEFAULT and shall have a reasonable time, which shall not be less than Thirty (30) days, either to require the correction of such DEFAULT or in lieu thereof to protect itself through the exercise of a power of sale and thereby acquire a leasehold in said property and correct such DEFAULT. LESSEE hereby covenants and agrees to notify LESSOR of the existence of all such mortgages, deeds of trust, or other secured encumbrances, and that, in the absence of such notice, LESSOR has no obligation whatever to notify any such holder of said encumbrance.
Curing Default. If any default under or violation of this Agreement, the party not in default or violation shall serve written notice upon the party or parties in default or violation, which notice shall be in writing and shall specify the particular violation or default. The parties shall use their best efforts to cure any violation of this Agreement or default by any of them within ninety (90) days from written notice of such default. Should the default continue throughout the ninety (90) day cure period, and the defaulting party has provided no evidence of a good faith effort to correct such default, then the Agreement shall be terminated, and the offending party shall be in default. Should the defaulting party provide sufficient evidence of a good faith effort to correct the default within the initial ninety (90) day cure period, then the cure period shall be extended for a period not to exceed ninety (90) days or such reasonable time to cure said default, whichever is greater. If such default is so cured to the reasonable satisfaction of the parties within the cure period not exceeding ninety (90) days, all the terms of this Agreement shall remain in full force. Any obligation of the Village to make payments during any default period shall be stayed. Any period of default shall not extend the time limits set forth for payments.
Curing Default. In the event of any default under or violation of this Agreement, the party not in default or violation shall serve written notice upon the party or parties in default or violation, which notice shall be in writing and shall specify the particular violation or default. The parties shall use their commercially reasonable efforts to cure any violation of this Agreement or default by any of them within ninety (90) days from written notice of such default. Should the default continue throughout the ninety (90) day cure period, and the defaulting party has provided no evidence of a good faith effort to correct such default, then the Agreement shall be terminated, and the non-defaulting Party shall have such rights and remedies set forth herein, including but not limited to any right to repurchase Lot 1 as set forth in Section 6(g) above or take action at law or equity to enforce performance of the Agreement.. Should the defaulting party provide sufficient evidence of a good faith effort to correct the default within the initial ninety (90) day cure period, then the cure period shall be extended for a period not to exceed ninety (90) days or such reasonable time to cure said default, whichever is greater. If such default is so cured to the reasonable satisfaction of the parties within the cure period not exceeding ninety (90) days, all the terms of this Agreement shall remain in full force. Any obligation of the Village to make payments during any default period shall be stayed. Any period of default shall not extend the time limits set forth for payments.
Curing Default. If such advances are additional capital contributions, then the Partner failing to make the contribution shall be personally obligated to the other Partner(s) who advanced monies on such Partner's behalf. Said obligation shall be payable in four (4) months from the date such contribution was due, together with interest from the date of the advance at the rate of twelve percent (12%) per year until paid. If such advances will be obligations of the Partnership, then both the Partnership and the Partner failing to make the required contribution shall be jointly obligated to the other Partner(s) advancing on such Partner's behalf. Said obligation shall, regardless of the terms of payment of other advances determined by such business decision, be payable in four (4) months from the date such advance was made, together with interest from the date of the advance at the rate of twelve percent (12%) per year until paid.
Curing Default. In the event of a default by either party, the other party shall not be entitled to exercise any remedy for such default unless a notice of default is sent to the defaulting party and the defaulting party fails to cure such default within seven (7) days after receipt of such notice of default.
Curing Default. Tenant may cure Tenant’s default by paying all sums due under this Lease, including unpaid rent, late fees, collection costs, and attorney’s fees prior to such time as Tenant’s right to occupy is terminated by Landlord. Payment following default shall be by cash, cashier’s check, money order, or direct deposit of cash as Landlord may direct. PARTIAL PAYMENT WILL NOT BE ACCEPTED. After termination of Tenant’s right to occupy by Landlord, Landlord may (at Landlord’s discretion, with no requirement of reasonableness) refuse payment from Tenant in any amount, decline to reinstate this Lease, and proceed with eviction.
Curing Default. Notwithstanding any DEFAULT provisions of this Lease Agreement, any present or future holder of a mortgage or deed of trust representing money loaned on these facilities, shall have the right of a thirty (30) day notice of default within which to cure any DEFAULT which may be cured by the payment of money. In addition, for any other DEFAULT
Curing Default. Notwithstanding any provisions of this lease containing a default provision, any present or future holder of a mortgage or deed of trust representing money loaned on the Leased Premises, shall have the right of a sixty day notice of default within which to cure any
Curing Default. Upon receipt of any notice of default, the defaulting party shall immediately undertake to cure within the period as identified in Article 5. If such default is not susceptible to being cured with all due diligence within the stated cure period, the defaulting party shall proceed promptly with all due diligence to cure the same and thereafter to prosecute the curing of such default with all due diligence. The time for the defaulting party to cure the same shall be extended for such periods as may be necessary to cure the same with due diligence. However, the cumulative total of such extension shall not exceed ninety (90) days without the written consent of the non-defaulting party. After cured, the default shall be of no force or effect, and the after cure rights and obligations of the parties shall be the same as existed prior to the giving of notice of the default.
Curing Default. (a) The Owner can, at any time (except as limited under 11.12), cure a default by payment to the Trust of any monies owed or performance of any non-monetary obligation under this Lease. To cure the default, the Owner must also pay to the Trust any costs it has incurred in connection with enforcing this Lease.
(b) Paragraph (a) does not apply to a default which, by its nature, cannot be cured, such as granting a lease contrary to Article 7 or making a transfer contrary to Article 9. In those cases, the board may, if it sees fit, determine not to proceed with enforcing the Trust’s remedies if it feels adequate measures have been taken to correct the situation to the extent possible and to see that it won’t recur.
