Common use of Curing the Default Clause in Contracts

Curing the Default. If: (a) the default is not so cured or the Defaulting Party does not commence or diligently proceed to cure the default; or (b) arbitration is not so sought; or (c) the Defaulting Party is found in arbitration proceedings to be in default, and fails to cure it within five calendar days after the rendering of the arbitration award, the Non-Defaulting Party may, by written notice given to the Defaulting Party at any time while the default continues, terminate the interest of the Defaulting Party in and to this Agreement.

Appears in 37 contracts

Samples: Share Exchange Agreement (TechMedia Advertising, Inc.), Share Exchange Agreement (TechMedia Advertising, Inc.), Share Exchange Agreement (Duma Energy Corp)

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Curing the Default. If:: ------------------ (a) the default is not so cured or the Defaulting Party does not commence or diligently proceed to cure the default; or (b) arbitration is not so sought; or (c) the Defaulting Party is found in arbitration proceedings to be in default, and fails to cure it within five calendar days after the rendering of the arbitration award, the Non-Defaulting Party may, by written notice given to the Defaulting Party at any time while the default continues, terminate the interest of the Defaulting Party in and to this Agreement.

Appears in 5 contracts

Samples: Share Purchase Agreement (Sinovac Biotech LTD), Share Purchase Agreement (Sinovac Biotech LTD), Share Purchase Agreement (Xinhua China LTD)

Curing the Default. If:: ------------------ (a) the default is not so cured or the Defaulting Party does not commence or diligently proceed to cure the default; or (b) arbitration is not so sought; or (c) the Defaulting Party is found in arbitration proceedings to be in default, and fails to cure it within five calendar days after the rendering of the arbitration award, the Non-Defaulting Party may, by written notice given to the Defaulting Party at any time while the default continues, terminate the interest of the Defaulting Party in and to this Agreement.

Appears in 2 contracts

Samples: License Agreement (Hyperstealth Biotechnology Corp), License Agreement (Hyperstealth Biotechnology Corp)

Curing the Default. If: (a) the default is not so cured or the Defaulting Party does not commence or diligently proceed to cure the default; or (b) arbitration is not so sought; or (c) the Defaulting Party is found in arbitration proceedings to be in default, and fails to cure it within five calendar days after the rendering of the arbitration award, the Non-Defaulting Non−Defaulting Party may, by written notice given to the Defaulting Party at any time while the default continues, terminate the interest of the Defaulting Party in and to this Agreement.

Appears in 2 contracts

Samples: Share Exchange Agreement, Share Exchange Agreement

Curing the Default. If: (a) the default is not so cured or the Defaulting Party does not commence or diligently proceed to cure the default; or or (b) arbitration is not so sought; or or (c) the Defaulting Party is found in arbitration proceedings to be in default, and fails to cure it within five calendar days after the rendering of the arbitration award, the Non-Defaulting Party may, by written notice given to the Defaulting Party at any time while the default continues, terminate the interest of the Defaulting Party in and to this Agreement.

Appears in 2 contracts

Samples: Share Purchase Agreement (Xinhua China LTD), Share Purchase Agreement (Xinhua China LTD)

Curing the Default. If:: ------------------- (a) the default is not so cured or the Defaulting Party does not commence or diligently proceed to cure the default; or (b) arbitration is not so sought; or (c) the Defaulting Party is found in arbitration proceedings to be in default, and fails to cure it within five calendar days after the rendering of the arbitration award, the Non-Defaulting Party may, by written notice given to the Defaulting Party at any time while the default continues, terminate the interest of the Defaulting Party in and to this Agreement.

Appears in 1 contract

Samples: Share Purchase Agreement (Sinovac Biotech LTD)

Curing the Default. If: (a) the default is not so cured or the Defaulting Party does not commence or diligently proceed to cure the default; or (b) arbitration is not so sought; or (c) the Defaulting Party is found in arbitration proceedings to be in default, and fails to cure it within five calendar days after the rendering of the arbitration award, ; any of the Non-Defaulting Party Parties may, by written notice given to the Defaulting Party at any time while the default continues, terminate the interest of the Defaulting Party in and to this Agreement.

Appears in 1 contract

Samples: Property Acquisition Agreement (Uranium Energy Corp)

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Curing the Default. If: (a) the default is not so cured or the Defaulting Party does not commence or diligently proceed to cure the default; or (b) arbitration is not so sought; or or (c) the Defaulting Party is found in arbitration proceedings to be in default, and fails to cure it within five calendar days after the rendering of the arbitration award, the Non-Defaulting Party may, by written notice given to the Defaulting Party at any time while the default continues, terminate the interest of the Defaulting Party in and to this Agreement.,

Appears in 1 contract

Samples: Share Purchase Agreement (Xinhua China LTD)

Curing the Default. If: (a) the default is not so cured or the Defaulting Party does not commence or diligently proceed to cure the default; or (b) arbitration is not so sought; or (c) the Defaulting Party is found in arbitration proceedings to be in default, and fails to cure it within five (5) calendar days after the rendering of the arbitration award, aware the Non-Defaulting Party Parties may, by written notice given to the Defaulting Party at any time while the default continues, terminate the interest of the Defaulting Party in and to this Agreement.

Appears in 1 contract

Samples: Share Purchase Agreement (Alttech Ventures Corp)

Curing the Default. If: (a) : the default is not so cured or the Defaulting Party does not commence or diligently proceed to cure the default; or (b) or arbitration is not so sought; or (c) or the Defaulting Party is found in arbitration proceedings to be in default, and fails to cure it within five calendar days after the rendering of the arbitration award, the Non-Defaulting Party may, by written notice given to the Defaulting Party at any time while the default continues, terminate the interest of the Defaulting Party in and to this Agreement.

Appears in 1 contract

Samples: Share Exchange Agreement (Lexington Resources Inc)

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