Defaults - General. 5.1.1 Subject to the extensions of time set forth in Section 6.4, failure or delay by either party to perform any term or provision of this Agreement constitutes a default under this Agreement. The party who fails or delays must immediately commence to cure, correct or remedy such failure or delay and shall complete such cure, correction or remedy with reasonable diligence.
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Samples: Affordable Housing Loan Agreement
Defaults - General. 5.1.1 a. Subject to the extensions of time set forth in Section 6.4602, failure or delay by either party to perform any term or provision of this Agreement constitutes a default under this Agreement. The party who fails or delays must immediately commence to cure, correct or remedy such failure or delay and shall complete such cure, correction or remedy with reasonable diligence.
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Defaults - General. 5.1.1 a. Subject to the extensions of time set forth in Section 6.4602 of this Agreement, failure or delay by either party Party to perform any term or provision of this Agreement constitutes a default under this Agreement. The party Party who fails or delays must immediately must, following written notice of the failure, commence to cure, correct or remedy such failure or delay and shall complete such cure, correction or remedy with reasonable diligence.
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Defaults - General. 5.1.1 a. Subject to the extensions of time set forth in Section 6.4602 of this Agreement, failure or delay by either party Party to perform any term or provision of this Agreement constitutes a default under this Agreement. The party Party who fails or delays must immediately commence to cure, correct or remedy such failure or delay and shall complete such cure, correction or remedy with reasonable diligence.
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