Common use of Default Procedure and Cure Clause in Contracts

Default Procedure and Cure. Upon the occurrence of an Event of Default, in each and every case, the non-defaulting Party shall give written notice to the defaulting Party and may pursue any remedies provided for in this AGREEMENT or under law, and may terminate this AGREEMENT by giving such written notice to the other Party; provided that should the Buyer claim any Event of Default against the Seller, it shall notify and afford Lenders reasonable time, access and opportunity to remedy or cure any event giving rise to the default, and shall cooperate with Lenders to this end.

Default Procedure and Cure. Upon the occurrence of an Event of Default, in each and every case, the non-defaulting Party shall give written notice to the defaulting Party and may pursue any remedies provided for in this AGREEMENT Agreement or under lawApplicable Law, and may terminate this AGREEMENT Agreement by giving such written notice to the other Party; provided that should the Buyer claim any Event of Default against the Seller, it shall notify and afford Lenders reasonable time, access and opportunity to remedy or cure any event giving rise to the default, and shall cooperate with Lenders to this end.