Common use of IRVINE'S CURE RIGHTS Clause in Contracts

IRVINE'S CURE RIGHTS. Subject to and in accordance with the terms and provisions of this Article 14, upon receiving any notice of a default under a Financing Encumbrance, Irvine shall have the right, but not the obligation, to cure FirstWorld's default within the same cure period granted to FirstWorld under such Financing Encumbrance, plus the additional time provided for below, and the Lender thereunder shall accept such cure (such actions, "Irvine's Cure," and Irvine's rights to take such actions, "Irvine's Cure Rights"):

IRVINE'S CURE RIGHTS. Subject to and in accordance with the terms and provisions of this Article 1412, upon receiving any notice of a default under a Financing Encumbrance, Irvine shall have the right, but not the obligation, to cure FirstWorld's default within the same cure period granted to FirstWorld under such Financing Encumbrance, plus the additional time provided for below, and the Lender thereunder shall accept such cure (such actions, "Irvine's Cure," and Irvine's rights to take such actions, "Irvine's Cure Rights"):