Common use of Events of Default and Cure Periods Clause in Contracts

Events of Default and Cure Periods. The occurrence of any of the following events shall constitute an event of default (“Event of Default”) hereunder on the part of a Partner if within thirty (30) days following notice of such default from the General Partner (twenty (20) days if the default is due solely to the nonpayment of monies); such Partner (i) fails to pay such monies, or, (ii) in the case of non-monetary defaults, fails to substantially cure such default or, if such default cannot reasonably be substantially cured within such thirty (30) day period, thereafter fails within a reasonable time to prosecute to completion with diligence and continuity the curing of such default, or (iii) in the case of a bread of a representation or warranty as to which the underlying factual circumstance making the representation or warranty not true when made can be corrected such that the representation or warranty would be true, fails to substantially correct such factual circumstance and to remedy any damage that may have resulted from such breach of such representation or warranty, or, if such breach cannot reasonably be substantially so cured within such thirty (30) day period, thereafter fails to prosecute to completion with diligence and continuity the correction of such factual circumstance and remedy any damage resulting from the bread of representation or warranty; provided, however, that the occurrence of any of the events described in subparagraphs (b)-(h);

Events of Default and Cure Periods. The occurrence of any of the following events shall constitute an event of default (“"Event of Default”") hereunder on the part of a Partner Member if within thirty (30) days following notice of such default from the General Partner any other Member (twenty (20) days if the default is due solely to the nonpayment of monies); , such Partner Member (i) fails to pay such monies, or, or (ii) in the case of non-monetary defaults, fails to substantially cure such default default, or, if such default cannot reasonably be substantially cured within such thirty (30) day period, thereafter fails within a reasonable time to prosecute to completion with diligence and continuity the curing of such default, or or, (iii) in the case of a bread breach of a representation or warranty as to which the underlying factual circumstance making the representation or warranty not true when made can be corrected such that the representation or warranty would be true, fails to substantially correct such factual circumstance and to remedy any damage that may have resulted from such breach of such representation or warranty, or, if such breach default cannot reasonably be substantially so cured within such thirty (30) day period, thereafter fails to prosecute to completion with diligence and continuity the correction of such factual circumstance and remedy any of damage resulting from the bread breach of representation or warranty; provided, however, that the occurrence of any of the events described in subparagraphs (b)-(h);) below shall constitute an Event of Default immediately upon such occurrence without any requirements of notice or passage of time except as specifically set forth in any such subparagraph:

Events of Default and Cure Periods. The occurrence of any of the following events shall constitute an event of default (“Event of Default”) hereunder on the part of a Partner if within thirty (30) days following notice of such default from the General Partner (twenty (20) days if the default is due solely to the nonpayment of monies); , such Partner (i) fails to pay such monies, or, (ii) in the case of non-monetary defaults, fails to substantially cure such default or, if such default cannot reasonably be substantially cured within such thirty (30) day period, thereafter fails within a reasonable time to prosecute to completion with diligence and continuity the curing of such default, or (iii) in the case of a bread breach of a representation or warranty as to which the underlying factual circumstance making the representation or warranty not true when made can be corrected such that the representation or warranty would be true, fails to substantially correct such factual circumstance and to remedy any damage that may have resulted from such breach of such representation or warranty, or, if such breach cannot reasonably be substantially so cured within such thirty (30) day period, thereafter fails to prosecute to completion with diligence and continuity the correction of such factual circumstance and remedy any damage resulting from the bread breach of representation or warranty; provided, however, that the occurrence of any of the events described in subparagraphs (b)-(h);