Defaults and Cure Periods. The parties agree that any failure to perform or observe any term, condition, obligation, or other provision in this Master License or any Site License shall be a default. For any monetary default, the defaulting party shall have thirty (30) days after written notice from the non-defaulting party to perfect a cure. The defaulting party shall not be entitled to any additional time to cure a monetary default. For any non-monetary default, the defaulting party shall have thirty (30) days after written notice from the non-defaulting party to perfect a cure; provided, however, that for any non-monetary default that cannot reasonably be cured within thirty (30) days, the defaulting party shall have additional time as is reasonably necessary to perfect the cure if the defaulting party commences to cure the default within the first thirty (30) days after notice and diligently pursues the cure to completion.
Defaults and Cure Periods. The occurrence of any of the following events:
Defaults and Cure Periods. The parties agree that any failure to perform or observe any term, condition, obligation or other provision in this License shall be a default. For any monetary default, the defaulting party shall have fifteen (15) days after the party’s receipt of written notice from the non- defaulting party to perfect a cure. The defaulting party shall not be entitled to any additional time to cure a monetary default. For any non-monetary default, the defaulting party shall have thirty (30) days after the party’s receipt of written notice from the non- defaulting party to perfect a cure; provided, however, that for any non-monetary default that cannot reasonably be cured within such thirty (30) day period, the defaulting party shall have additional time as is reasonably necessary to perfect the cure if the defaulting party commences to cure the default within the first thirty (30) days after the party’s receipt of the written notice and diligently pursues the cure to completion. Delay in curing a non- monetary default will be excused on a day for day basis due to any Act of God, event for force majeure, or other circumstance beyond the reasonable control of the defaulting party. To the extent that this License batches multiple Vertical Infrastructures under one license as described in Section 2.1, the City must identify in its written notice to Licensee the specific Vertical Infrastructure(s) that is/are subject to the notice of default.
Defaults and Cure Periods. The parties agree that it will be a default under this Master License when either the City or Licensee: (1) fails to tender any sums payable pursuant to this Master License or any Schedule when due, and such failure continues for 10 days after notice from the non- defaulting party; or (2) fails to perform any non-monetary term, provision, covenant, or obligation under this Master License or any Schedule, and such failure continues for 30 days after notice from the non-defaulting party. Notwithstanding the foregoing sentence, said 30-day cure period will be reasonably extended when the default cannot be cured within 30 days and the defaulting party commences to cure within said 30-day cure period and diligently pursues the cure to completion.
