Common use of Default; Cure Clause in Contracts

Default; Cure. The following shall constitute defaults by a Party: 9.1.1 A breach of a material provision of this Agreement, whether by action or inaction of a Party that continues and is not remedied within 60 days after the other Party has given notice specifying the breach—provided that if the nonbreaching Party determines that such breach cannot with due diligence be cured within a period of 60 days—the nonbreaching Party may allow the breaching Party a longer period of time to cure the breach and, in such event, the breach shall not constitute a default so long as the breaching Party diligently proceeds to effect a cure, and the cure is accomplished within the longer period of time granted by the nonbreaching Party; or 9.1.2 Any assignment by a Party for the benefit of creditors, or adjudication as a bankruptcy, or appointment of a receiver, trustee, or creditor's committee over a Party.

Default; Cure. The following shall constitute defaults by a Party: 9.1.1 i. A breach of a material provision of this Agreement, whether by action or inaction of a Party that continues and is not remedied within 60 days after the other Party has given notice specifying the breach—, provided that if the nonbreaching Party determines that such breach cannot with due diligence be cured within a period of 60 days—, the nonbreaching Party may allow the breaching Party a longer period of time to cure the breach and, in such event, the breach shall not constitute a default so long as the breaching Party diligently proceeds to effect a cure, and the cure is accomplished within the longer period of time granted by the nonbreaching Party; or 9.1.2 ii. Any assignment by a Party for the benefit of creditors, or adjudication as a bankruptcy, or appointment of a receiver, trustee, or creditor's committee over a Party.

Default; Cure. The following shall constitute defaults by on the part of a Party: 9.1.1 6.1.1 A breach of a material provision of this Agreement, whether by action or inaction of a Party that which continues and is not remedied within 60 sixty (60) days after the other Party has given notice specifying the breach—; provided that if the nonbreaching non-breaching Party determines that such breach cannot with due diligence be cured within a period of 60 sixty (60) days—, the nonbreaching non- breaching Party may allow the breaching Party a longer period of time to cure the breach andbreach, and in such event, event the breach shall not constitute a default so long as the breaching Party diligently proceeds to effect affect a cure, cure and the cure is accomplished within the longer period of time granted by the nonbreaching non- breaching Party; or 9.1.2 6.1.2 Any assignment by a Party for the benefit of creditors, or adjudication as a bankruptcybankrupt, or appointment of a receiver, trustee, trustee or creditor's committee over a Party.

Default; Cure. The following shall constitute defaults default by a Party: 9.1.1 2.1.1 A breach of a material provision of this Agreement, whether by action or inaction of a Party that continues and is not remedied within 60 sixty (60) days after the other Party has given notice specifying the breach—provided that if the nonbreaching Party determines that such breach cannot with due diligence be cured within a period of 60 sixty (60) days—the nonbreaching Party may allow the breaching Party a longer period of time to cure the breach and, in such event, the breach shall not constitute a default so long as the breaching Party diligently proceeds to effect a cure, and the cure is accomplished within the longer period of time granted by the nonbreaching Party; or 9.1.2 2.1.2 Any assignment by a Party for the benefit of creditors, or adjudication as a bankruptcy, or appointment of a receiver, trustee, or creditor's committee over a Party.