No Deemed Cure Sample Clauses

The "No Deemed Cure" clause establishes that a breach or default under the agreement is not automatically considered resolved simply because the non-breaching party fails to enforce their rights or take immediate action. In practice, this means that even if a party overlooks a violation or continues to perform under the contract, the original breach remains uncured unless it is expressly remedied or waived in writing. This clause ensures that parties cannot claim a default has been cured by inaction or delay, thereby protecting the non-breaching party's ability to enforce remedies at a later time and preventing inadvertent waivers of contractual rights.
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No Deemed Cure. The payment of any mandatory prepayment as required by this Section 5.7 shall not be deemed to cure any Event of Default caused under another provision of this Agreement by the same occurrence which gave rise to the mandatory prepayment obligation under this Section.

Related to No Deemed Cure

  • Sufficiency of Consideration Executive hereby acknowledges and agrees that Executive has received good and sufficient consideration for every promise, duty, release, obligation, agreement and right contained in this Release.

  • No Party Deemed Drafter Each of the parties hereto agrees that no party hereto shall be deemed to be the drafter of this Agreement.

  • Sufficiency of Assets The Assets (a) constitute all of the assets, tangible and intangible, of any nature whatsoever, necessary to operate the Business in the manner presently operated by Seller, and (b) include all of the operating assets of Seller.