Common use of Default Cured Clause in Contracts

Default Cured. If Purchaser does not elect to terminate during the Due Diligence Period, and Purchaser’s default is corrected or cured within Purchaser’s Cure Period, the parties shall proceed to Closing as herein provided, with the Closing Date being extended by not more than fourteen (14) days to accommodate any delay resulting from such default.

Appears in 5 contracts

Samples: Purchase Agreement (Sunlink Health Systems Inc), Purchase Agreement (Global Medical REIT Inc.), Purchase Agreement (Global Medical REIT Inc.)

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Default Cured. If Purchaser does not elect to terminate during the Due Diligence Period, and Purchaser’s 's default is corrected or cured within Purchaser’s 's Cure Period, the parties shall proceed to Closing close as herein provided, with the respective Closing Date being extended by not more than fourteen (14) days to accommodate any delay resulting from such default.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Brookdale Senior Living Inc.)

Default Cured. If Purchaser does not elect to terminate during the Due Diligence Period, and Purchaser’s default is corrected or cured within Purchaser’s Cure Period, the parties shall proceed to Closing as herein provided, with the Closing Date being extended at the option of Seller by not more than fourteen (14) days to accommodate any delay resulting from such default.

Appears in 1 contract

Samples: Purchase Agreement (Global Medical REIT Inc.)

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Default Cured. If Purchaser does not elect to terminate during the Due Diligence Period, and Purchaser’s default is corrected or cured within Purchaser’s Cure Period, the parties shall proceed to Closing as herein provided, with the Closing Date being extended by not more than fourteen ten (1410) days to accommodate any delay resulting from such default.

Appears in 1 contract

Samples: Purchase Agreement (Global Medical REIT Inc.)

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