Common use of Delivery of Election Notice Clause in Contracts

Delivery of Election Notice. (i) Upon the delivery of the Election Notice, the Lenders shall be permitted an additional period of 180 (one hundred and eighty) Days to cure any Company Event of Default (the “Lenders Cure Period”). (ii) During the Lenders Cure Period, the GOB’s right to terminate this Agreement shall be suspended so long as the Lenders are diligently: (A) attempting to procure (other than by the Company unless the Company is acting at the direction of the Lenders) the cure of such default; or (B) pursuing the enforcement of their rights and remedies under the Financing Documents against the Company.

Delivery of Election Notice. (i) Upon the delivery of the Election Notice, the Lenders shall be permitted an additional period of 180 (one hundred and eightyeighty (180) Days to cure any Company Event of Default (the “Lenders Cure Period”). (ii) During the Lenders Cure Period, the GOB’s right to terminate this Agreement shall be suspended so long as the Lenders are diligently: (A) attempting to procure (other than by the Company unless the Company is acting at the direction of the Lenders) the cure of such default; or (B) pursuing the enforcement of their rights and remedies under the Financing Documents against the Company.

Delivery of Election Notice. (i) Upon the delivery of the Election Notice, the Lenders shall be permitted an additional period of 180 (one hundred and eightyeighty (180) Days to cure any Company Event of Default (the “Lenders Cure Period”). (ii) During the Lenders Cure Period, the GOB’s GOB‟s right to terminate this Agreement shall be suspended so long as the Lenders are diligently: (A) attempting to procure (other than by the Company unless the Company is acting at the direction of the Lenders) the cure of such default; or (B) pursuing the enforcement of their rights and remedies under the Financing Documents against the Company.

Delivery of Election Notice. ‌ (i) Upon the delivery of the Election Notice, the Lenders shall be permitted an additional period of 180 (one hundred and eightyeighty (180) Days to cure any Company Event of Default (the “Lenders Cure Period”). (ii) During the Lenders Cure Period, the GOB’s right to terminate this Agreement shall be suspended so long as the Lenders are diligently: (A) attempting to procure (other than by the Company unless the Company is acting at the direction of the Lenders) the cure of such default; or (B) pursuing the enforcement of their rights and remedies under the Financing Documents against the Company.