Common use of Curing Defaults Clause in Contracts

Curing Defaults. Any default by Manager under clause (a) of Section 8.01 or Lessee under clause (b) of Section 8.02, as the case may be, which is susceptible of being cured, shall not constitute a basis of termination if the nature of such default shall not permit it to be cured within the grace period allotted, provided that within such grace period either Manager or Lessee shall have commenced to cure such default and shall proceed to complete the same with reasonable diligence.

Curing Defaults. Any default by of Manager under clause (a) of Section 8.01 8.1 or Lessee the Developer under clause (b) of Section 8.028.2, as the case may be, which is susceptible of being cured, shall not constitute a basis of or termination if the nature of such default shall not permit it to be cured within the grace period allotted, provided provide that within such grace period either other Manager or Lessee Developer shall have commenced to cure such default and shall proceed to complete the same with reasonable diligence.

Curing Defaults. Any default or failure by Manager under clause (a) of Section 8.01 8.01, or Lessee by Owner under clause (ba) of Section 8.02, as the case may be, which is susceptible of being cured, cured shall not constitute a basis of termination if the nature of such default shall not permit it to be cured within the grace period allotted, provided that within such grace period either Manager or Lessee Owner shall have commenced to cure such default and shall proceed to complete the same with reasonable diligence.

Curing Defaults. Any default by Manager under clause (aParagraph 8.01.1(a) of Section 8.01 or Lessee Owner under clause (b) of Section 8.02Paragraph 8.02.1(b), as the case may be, which is susceptible of being cured, shall not constitute a basis of termination if the nature of such default shall not permit it to be cured within the grace period allotted, provided that within such grace period either Manager or Lessee Owner shall have commenced to cure such default and shall proceed to complete the same with reasonable diligence.

Curing Defaults. Any default by Manager under clause (a) of Section 8.01 or Lessee Owner under clause (b) of Section 8.02, as the case may be, which is susceptible of being cured, shall not constitute a basis of termination if the nature of such default shall not permit it to be cured within the grace period allotted, provided that within such grace period either Manager or Lessee Owner shall have commenced to cure such default and shall proceed to complete the same with reasonable diligence.