Initial Notice and Cure Periods. The Development Entity shall provide written notice to the Department of the occurrence of a Department Default. Upon receipt of the Development Entity’s notice, the Department shall have the following cure periods with respect to the following Department Defaults:
(a) for a Department Default under Section 23.1(a), a period of thirty (30) days after the Development Entity delivers to the Department written notice of such a Department Default;
(b) for a Department Default under Section 23.1(d) or Section 23.1(f), a period of sixty (60) days after the Development Entity delivers to the Department written notice of such a Department Default;
(c) for a Department Default under Section 23.1(b) or Section 23.1(c), a period of thirty (30) days after the Development Entity delivers to the Department written notice of such a Department Default; provided, that if such Department Default cannot be cured within such time period, despite the Department’s commencement of meaningful steps to cure immediately after receiving the default notice, then the Department shall have such additional period of time, up to a maximum cure period of one hundred twenty (120) days, as is reasonably necessary to effect cure; and
(d) for any other Department Default not referred to in Sections 23.2(a), (b) and (c), there is no cure period.
Initial Notice and Cure Periods. The Department shall provide written notice to the Development Entity of the occurrence of a Development Entity Default. Upon receipt of the Department’s notice (if required), the Development Entity shall have the following cure periods:
(a) For a Development Entity Default under Sections 22.1(b), through 22.1(d), a period of thirty (30) days after the Development Entity receives written notice from the Department of such Development Entity Default.
(b) For a Development Entity Default under Sections 22.1(a), 22.1(e) or 22.1(k) a period of thirty (30) days after the Development Entity receives written notice from the Department of such Development Entity Default; provided, that:
(i) if such Development Entity Default cannot be cured within such time period, despite the Development Entity’s commencement of meaningful steps to cure immediately after receiving the default notice, then the Development Entity shall have such additional period of time, up to a maximum cure period of one hundred twenty (120) days, as is reasonably necessary to effect cure; and
(ii) with respect to a Development Entity Default under Section 22.1(e), cure will be regarded as complete when the adverse effects of the breach are cured.
(c) For any other Development Entity Default not referred to in Section 22.3(a) or Section 22.3(b), there is no cure period.
Initial Notice and Cure Periods of the Project Agreement;
Initial Notice and Cure Periods. The Department shall provide written notice to Developer of the occurrence of a Developer Default. Upon receipt of the Department’s notice (if required), Developer shall have the following cure periods:
18.1.2.1 For a Developer Default under Sections 18.1.1.1 through 18.1.1.3, Sections 18.1.1.6 through 18.1.1.10, and Section 18.1.1.18 a period of [30] days after Developer receives written notice from the Department of Developer Default; provided that as to a Developer Default under Section 18.1.1.8, such cure period shall not preclude or delay the Department's immediate exercise, without notice or demand, of its remedy set forth in Section 18.2.2.
18.1.2.2 For a Developer Default under Sections 18.1.1.4, 18.1.1.5, 18.1.1.11 and 18.1.1.12, a period of [30] days after Developer receives written notice from the Department of Developer Default; provided that if Developer Default is of such a nature that the cure cannot with diligence be completed within such time period and Developer has commenced meaningful steps to cure immediately after receiving the default notice, Developer shall have such additional period of time, up to a maximum cure period of [120] days, as is reasonably necessary to diligently effect cure.
18.1.2.3 For a Developer Default under Section 18.1.1.13 and Section 18.1.1.14, a period of [20] days and [60] days, respectively, after Developer receives written notice from the Department of Developer Default; provided that if the Developer Default relates to an Equity Member or a Guarantor, Developer shall have an additional period of [30] days to effect cure of such default by providing a substitute Equity Member or Guarantor reasonably acceptable to the Department or by providing a letter of credit or other form of security reasonably acceptable to the Department in the amount of, as the case may be, (a) the Equity Member’s financial obligation for Committed Investment to or for the benefit of Developer, or (b) the Guarantor’s specified sum or specified maximum liability under its guaranty, or if none is specified, the reasonably estimated maximum liability of the Guarantor. Notwithstanding the foregoing, if such default relates to an Equity Member who holds a Controlling Interest in Developer, Developer shall cure such default only by providing a letter of credit or other form of security reasonably acceptable to the Department in the amount of such Equity Member’s financial obligation for Committed Investment to or for the benefit of Develo...
Initial Notice and Cure Periods. The Department shall provide written notice to the Development Entity of the occurrence of a Development Entity Default. Upon receipt of the Department’s notice (if required), the Development Entity shall have the following cure periods:
(a) For a Development Entity Default under Sections 22.1(b), through 22.1(d), a period of thirty (30) days after the Development Entity receives written notice from the Department of such Development Entity Default.
(b) For a Development Entity Default under Sections 22.1(a), 22.1(e) or 22.1(k) a period of thirty
Initial Notice and Cure Periods. The Authority shall provide written notice to Developer of the occurrence of a Developer Default. Upon receipt of the Authority’s notice (if required), Developer shall have the following cure periods:
22.3.1 For a Developer Default under Sections 22.1.1 through Section 22.1.3 and Sections 22.1.5 through 22.1.8, a period of thirty (30) days after Developer receives written notice from the Authority of such Developer Default.
22.3.2 For a Developer Default under Sections 22.1.4, 22.1.9, 22.1.10 or 22.1.19 a period of thirty (30) days after Developer receives written notice from the Authority of such Developer Default; provided, that:
22.3.2.1 if such Developer Default cannot be cured within such time period, despite Developer’s commencement of meaningful steps to cure immediately after receiving the default notice, then Developer shall have such additional period of time, up to a maximum cure period of one hundred twenty (120) days, as is reasonably necessary to effect cure; and
22.3.2.2 with respect to a Developer Default under Section 22.1.9, cure will be regarded as complete when the adverse effects of the breach are cured.
22.3.3 For any other Developer Default not referred to in Section 22.3.1 or Section 22.3.2, there is no cure period.
Initial Notice and Cure Periods. Developer shall provide written notice to the Authority of the occurrence of an Authority Default. Upon receipt of Developer's notice, the Authority shall have the following cure periods with respect to the following Authority Defaults:
23.2.1 for an Authority Default under Section 23.1.1 (other than with respect to DFA Payments), a period of thirty (30) days after Developer delivers to the Authority written notice of such an Authority Default;
23.2.2 for an Authority Default under Section 23.1.1 with respect to DFA Payments, a period of ten (10) days after Developer delivers to the Authority written notice of such an Authority Default;
23.2.3 for an Authority Default under Section 23.1.2 or Section 23.1.3, a period of thirty (30) days after Developer delivers to the Authority written notice of such an Authority Default; provided, that if such Authority Default cannot be cured within such time period, despite the Authority’s commencement of meaningful steps to cure immediately after receiving the default notice, then the Authority shall have such additional period of time, up to a maximum cure period of one hundred twenty (120) days, as is reasonably necessary to effect cure;
23.2.4 for an Authority Default under Section 23.1.4, a period of thirty (30) days after Developer delivers to the Authority written notice of such an Authority Default; and
23.2.5 for any other Authority Default not referred to in Sections 23.2.1 to
Initial Notice and Cure Periods the Authority may serve a Termination Notice (the “Authority Termination Notice”) on Developer at any time during the continuance of that Developer Default.
Initial Notice and Cure Periods of the Project Agreement; provided, however, that such period shall, at the request of the Collateral Agent, be extended up to a maximum of 60 additional Days, but only to the extent that:
Initial Notice and Cure Periods of the Project Agreement in each case, as may be extended pursuant to Section 8.02.
