Common use of Failure of Dealer to comply with Clause in Contracts

Failure of Dealer to comply with. or to perform any provision of this Agreement, or any other agreement between Dealer and Company. If such failure is curable, without prejudice to the rights of Company, and if Dealer has not been given a prior notice of breach of the same provision of the applicable agreement, it may be cured (and no event of default shall have occurred) if Dealer, after receiving written notice from Company demanding cure of such failure: 3.1.1 Cures the default within ten (10) days; or 3.1.2 If the cure requires more than ten (10) days, immediately initiates steps sufficient to cure the default and therefore continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.