Common use of Failure to Perform Covenant or Liability (Grace Period Clause in Contracts

Failure to Perform Covenant or Liability (Grace Period. The failure ------------------------------------------------------- by the Borrower to promptly, punctually and faithfully perform, or observe any term, covenant or agreement on its part to be performed or observed pursuant to any of the provisions of this Agreement, other than those described in Sections 10-1, 10-2 or 10-3, or in any other agreement with Lender which is not remedied within the earlier of fifteen (15) days after (i) notice thereof by Lender to Borrower, or (ii) the date Borrower was required to give notice to Lender pursuant to Section 9-3(a)(vi) hereof.

Failure to Perform Covenant or Liability (Grace Period. The failure ------------------------------------------------------- by the any Borrower to promptly, punctually and faithfully perform, or observe any term, covenant or agreement on its part to be performed or observed pursuant to any of the provisions of this Agreement, other than those described in Sections 10-1, 10-2 or 10-3, or and in any other agreement with Lender sections 10-5 through 10-19 below, which is not remedied within the Grace Period described below which period shall commence on the earlier of fifteen (15) days after (i) notice thereof by Lender to Borrower, or (ii) the date any Borrower was required to give notice to Lender pursuant to Section 9-3(a)(vi3(a)(vii) hereof.:

Failure to Perform Covenant or Liability (Grace Period. The failure ------------------------------------------------------- by the Borrower Borrowers to promptly, punctually and faithfully perform, or observe any term, covenant or agreement on its part to be performed or observed pursuant to any of the provisions of this Agreement, other than those described in Sections 10-1, 10-2 or 10-3, or in any other agreement with Lender which is not remedied within the earlier of fifteen ten (1510) days after (i) notice thereof by Lender to BorrowerBorrowers, or (ii) the date Borrower was Borrowers were required to give notice to Lender pursuant to Section 9-3(a)(vi) hereof.