Common use of Grantee’s Right to Cure or Respond Clause in Contracts

Grantee’s Right to Cure or Respond. The Grantee shall have forty-five (45) days from the receipt of the Franchising Authority’s written notice: (A) to respond to the Franchising Authority, contesting the assertion of noncompliance or default; or (B) to cure such default; or (C) in the event that, by nature of the default, such default cannot be cured within the forty-five (45) day period, initiate reasonable steps to remedy such default and notify the Franchising Authority of the steps being taken and the projected date that they will be completed.

Appears in 1 contract

Samples: Franchise Agreement

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Grantee’s Right to Cure or Respond. The Grantee shall have forty-five (45) days from the receipt of the Franchising Authority’s written notice: (A) to respond to the Franchising Authority, contesting the assertion of noncompliance or default; or (B) to cure such default; or (C) in the event that, by nature of the default, such default cannot be cured within the forty-five (45) day period, initiate reasonable steps to remedy such default and notify the Franchising Authority of the steps being taken and the projected date that they the cure will be completed.

Appears in 1 contract

Samples: Franchise Agreement

Grantee’s Right to Cure or Respond. The Grantee shall have forty-five thirty (4530) days from the receipt of the Franchising Authority’s written notice's notice described in Section 11.1, above: (A) to respond to the Franchising Authority, contesting the assertion of noncompliance or default; , or (B) to cure such default; , or (C) in the event that, by nature of the default, such default cannot be cured within the forty-five thirty (4530) day period, initiate reasonable steps to remedy such default and notify the Franchising Authority of the steps being taken and the projected date that they will be completed.

Appears in 1 contract

Samples: Franchise Agreement

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Grantee’s Right to Cure or Respond. The Grantee shall have forty-five (45) days from the receipt of the Franchising Authority’s written notice: (AA.) to respond to the Franchising Authority, contesting the assertion of noncompliance non-compliance or default; or (BB.) to cure such default; or (CC.) in the event that, by nature of the default, such default cannot be cured within the forty-forty- five (45) day period, initiate reasonable steps to remedy such default and notify the Franchising Authority of the steps being taken and the projected date that they the cure will be completed.

Appears in 1 contract

Samples: Franchise Agreement

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