Common use of Limitation of Cure Periods Clause in Contracts

Limitation of Cure Periods. Notwithstanding anything contained in Section 10.1 to the contrary, (i) no Event of Default shall exist hereunder upon the occurrence of any failure described in Section 10.1(a) or Section 10.1(b) in the event that the Borrower cures such default within five (5) days following receipt of written notice of such default, provided, however, that the Borrower shall not be entitled to receive more than two (2) notices in the aggregate pursuant to this clause (i) in any period of 365 days ending on the date of any such occurrence of default, and provided further that no such cure period shall apply to any payments due upon the maturity of the Notes, and (ii) no Event of Default shall exist hereunder upon the occurrence of any failure described in

Appears in 1 contract

Samples: Credit Agreement (Wellsford Real Properties Inc)

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Limitation of Cure Periods. (a) Notwithstanding anything contained in Section 10.1 (S)12.1 to the contrary, (i) no Event of Default shall exist hereunder upon the occurrence of any failure described in Section 10.1(a) or Section 10.1(b(S)12.1 (b) in the event that the Borrower cures such default Default within five (5) days following receipt of written notice of such defaultDefault, provided, however, that the Borrower shall not be entitled to receive more than two (2) notices in the aggregate pursuant to this clause (i) in any period of 365 days ending on the date of any such occurrence of defaultDefault, and provided further that no such cure period shall apply to any payments due upon the maturity of the Notes, and (ii) no Event of Default shall exist hereunder upon the occurrence of any failure described inin (S)12.1

Appears in 1 contract

Samples: Master Credit Agreement (JDN Realty Corp)

Limitation of Cure Periods. (a) Notwithstanding anything contained in Section 10.1 inss. 12.1 to the contrary, (i) no Event of Default shall exist hereunder upon the occurrence of any failure described in Section 10.1(a) or Section 10.1(binss.12.1 (b) in the event that the Borrower cures such default within five (5) days following receipt of written notice of such default, provided, however, that the Borrower shall not be entitled to receive more than two (2) notices in the aggregate pursuant to this clause (i) in any period of 365 days ending on the date of any such occurrence of default, and provided further that no such cure period shall apply to any payments due upon the maturity of the Notes, and (ii) no Event of Default shall exist hereunder upon the occurrence of any failure described ininss.12.1

Appears in 1 contract

Samples: Term Loan Agreement (Ps Business Parks Inc/Ca)

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Limitation of Cure Periods. (a) Notwithstanding anything contained in Section 10.1 ss.12.1 to the contrary, (i) no Event of Default shall exist hereunder upon the occurrence of any failure described in Section 10.1(a) or Section 10.1(bss.12.1 (b) in the event that the Borrower cures such default Default within five (5) days following receipt of written notice of such defaultBusiness Days from the date the same shall be due and payable, provided, however, that the Borrower shall not be entitled to receive more than two (2) notices cure periods in the aggregate pursuant to this clause (i) in any period of 365 days ending on the date of any such occurrence of defaultDefault, and provided further that no such cure period shall apply to any payments due upon the maturity of any of the Notes, and (ii) no Event of Default shall exist hereunder upon the occurrence of any failure described inin ss.12.1

Appears in 1 contract

Samples: Revolving Credit Agreement (American Church Mortgage Co)

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