Common use of Initial Cure Period Clause in Contracts

Initial Cure Period. If MRV becomes aware that Luminent or any Subsidiary or Authorized Dealer is not complying with any Trademark Usage Guidelines, MRV shall notify Luminent in writing, setting forth in reasonable detail a written description of the noncompliance and any requested action for curing such noncompliance. Luminent shall then have sixty (60) days with regard to noncompliance by Authorized Dealers and thirty (30) days with regard to noncompliance by Luminent or any Subsidiary after receipt of such notice ("Guideline Initial Cure Period") to correct such noncompliance or submit to MRV a written plan to correct such noncompliance which written plan is reasonably acceptable to MRV.

Initial Cure Period. If MRV becomes aware that Luminent or any Subsidiary or Authorized Dealer sublicensee is not complying with any Trademark Usage GuidelinesQuality Standards, MRV shall notify Luminent in writing, setting forth in reasonable detail a written description of the noncompliance and any requested action for curing such noncompliance. Luminent shall then have sixty (60) days with regard to noncompliance by Authorized Dealers and thirty (30) days with regard to noncompliance by Luminent or any Subsidiary after receipt of such notice ("Guideline Initial Cure Period") to correct such noncompliance or submit to MRV a written plan to correct such noncompliance which written plan is reasonably acceptable to MRV.