Nonmonetary Defaults Sample Clauses
Nonmonetary Defaults. (a) As to non-monetary default under Section 7.2, 7.5, 7.17, 7.20, or 7.21, or with respect to the breach of any of the negative covenants set forth in Article 8, there shall be a ten (10) day grace period following notice from Agent of such default;
(b) As to non-monetary default under Section 7.16, there shall be a five (5) day grace period following notice from Agent of such default;
(c) As to any other non-monetary default, unless there is a specific shorter or longer grace period provided for in this Loan Agreement or in another Loan Document, there shall be a thirty (30) day grace period following notice from Agent or, if such default would reasonably require more than thirty (30) days to cure or remedy, such longer period of time not to exceed a total of ninety (90) days from Agent’s notice as may be reasonably required so long as Borrower shall commence reasonable actions to remedy or cure the default within thirty (30) days following such notice and shall diligently prosecute such curative action to completion within such ninety (90) day period. However, where there is an emergency situation in which there is danger to person or property such curative action shall be commenced as promptly as possible. As to breaches of warranties and representations (other than those related to financial information) there shall be a thirty (30) day grace period following notice from Agent.
Nonmonetary Defaults. HLBE shall fail to observe or perform any covenant, condition, or agreement to be observed or performed by them under this Agreement for a period of five (5) Business Days after written notice, specifying such default and requesting that it be remedied, provided however that no Event of Default shall be deemed to exist if, within said five (5) day period, HLBE has commenced appropriate action to remedy such failure and shall diligently and continuously pursue such action until such cure is completed, unless such cure is or cannot be completed within thirty (30) days after written notice shall have been given.
Nonmonetary Defaults. Notwithstanding any other provision of this Article 19, if the default complained of, other than a default for the payment of monies, cannot be rectified or cured within the period requiring rectification or curing, as specified in the written notice relating to the default, then, as to a default susceptible to being cured, the default shall be deemed to be rectified or cured if Tenant, within the notice period, shall have commenced to rectify or cure the default and shall thereafter diligently and continuously prosecute same to completion.
Nonmonetary Defaults. Provided the default does not involve an emergency that must be addressed in a shorter time frame, Tenant shall have a period of 15 days after notice from Landlord of a Nonmonetary Default in which to cure the default. In addition, provided that the default does not involve an emergency that must be addressed in a shorter time frame, this grace period shall be extended if the default is of a nature that it cannot be completely cured within such grace period solely as a result of nonfinancial circumstances outside of Tenant’s control, provided that Tenant has promptly commenced all appropriate actions to cure the default within such cure period and those actions are thereafter diligently and continuously pursued by Tenant in good faith. In no event, however, shall the grace period exceed a total of 90 days. If the Nonmonetary Default is not cured before the expiration of the grace period, as extended, then Landlord may pursue any or all of its remedies.
Nonmonetary Defaults. Notwithstanding any other provision of this Article 24, if the Default complained of, other than a Default for the payment of monies, cannot be rectified or cured within the period requiring rectification or curing, as specified in the written notice relating to the Default, then, as to a Default susceptible to being cured, the Default shall be deemed to be rectified or cured if Tenant, within the notice period, shall have commenced to rectify or cure the Default and shall thereafter diligently and continuously prosecute same to completion, in no event to exceed forty-five (45) days.
Nonmonetary Defaults. If default shall be made in the performance of any of the other covenants or conditions which Tenant is required to perform under this Lease and such default shall continue for thirty (30) days after notice thereof to Tenant or, if the default is not reasonably curable within such thirty (30) day period, for such longer period of time as may be reasonably needed to cure such default as long as Tenant shall promptly undertake to cure and shall diligently pursue such cure to completion.
Nonmonetary Defaults. Notwithstanding any other provision of this Article 13, if the default complained of, other than a default for the payment of monies, cannot be cured within the period requiring curing, as specified in the written notice relating to the default, then, the default shall be deemed to be cured if Tenant, within the notice period, shall have commenced to cure the default and shall thereafter diligently and continuously prosecute same to completion.
Nonmonetary Defaults. Borrower shall fail to observe or perform any covenant, condition, or agreement to be observed or performed by them under this Agreement for a period of ten (10) days after written notice, specifying such default and requesting that it be remedied, provided however that no Event of Default shall be deemed to exist if, within said ten (10) day period, Borrower has commenced appropriate action to remedy such failure and shall diligently and continuously pursue such action until such cure is completed, unless such cure is or cannot be completed within thirty (30) days after written notice shall have been given.
Nonmonetary Defaults. In the case of an event of default for failure to perform other obligations under this Lease, and such default is not cured within the period set forth in Section 12.2 above, the College may do any or all of the following:
(a) Cure the default, in which case the College may collect from Leaseholder the entire cost of the cure as provided in Section 13.1 above.
(b) Bring suit or action against Leaseholder to obtain injunctive relief to prevent or remedy the breach and/or recover damages resulting therefrom.
(c) Terminate this Lease and exercise its Option to Purchase the Improvements and recover damages in legal proceedings, including interest, costs, expenses, and attorneys' fees as provided in this Lease.
Nonmonetary Defaults. Failure to comply with any of the terms or conditions of this Lease or any rule or regulation within thirty (30) days after written notice. If such noncompliance cannot be cured within the thirty (30) day period, this provision shall be satisfied if Leaseholder commences correction within such period and thereafter proceeds in good faith and with reasonable diligence to effect compliance as soon as possible.