Common use of Lender’s Right to Cure Clause in Contracts

Lender’s Right to Cure. At any time after the occurrence of any event set forth in Section 15.4.1 or Section 15.5.1, but within the timeframes set forth therein, the Lenders shall have the right, but not the obligation, to cure such default on behalf of Owner.

Appears in 15 contracts

Samples: License Agreement (Little Sioux Corn Processors LLC), Lump Sum Design Build Contract (Ethanol Grain Processors, LLC), License Agreement (First United Ethanol LLC)

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Lender’s Right to Cure. At any time after the occurrence of any event set forth in Section 15.4.1 or Section 15.5.1, but within the timeframes set forth therein, the Lenders shall have the right, but not the obligation, to cure such default on behalf of Owner.

Appears in 7 contracts

Samples: License Agreement (Advanced BioEnergy, LLC), License Agreement (US BioEnergy CORP), Lump Sum Design Build Contract (Advanced BioEnergy, LLC)

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