Common use of Diligence to Cure Clause in Contracts

Diligence to Cure. If any default occurs, other than in the payment of money, which cannot with due diligence be cured within a period of thirty (30) days, and if the defaulting party commences to eliminate the causes of such default within said thirty (30) day period and proceeds diligently and with reasonable dispatch to take all steps and do all work required to cure such default and does cure the default(s), then the non-defaulting party does not have the right to declare the Lease terminated by reason of such default.

Appears in 3 contracts

Samples: Walnut Hill Farm Grazing Lease, farmlaw.ces.ncsu.edu, ncfarmlink.ces.ncsu.edu

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Diligence to Cure. If any default occurs, other than in the payment of money, which cannot with due diligence be cured within a period of thirty (30) days, and if the defaulting party commences to eliminate the causes of such default within said thirty (30) day period and proceeds diligently and with reasonable dispatch to take all steps and do all work required to cure such default and does cure the default(s), then the non-defaulting party does shall not have the right to declare the Lease terminated by reason of such default.

Appears in 1 contract

Samples: Farmstead Lease

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