Common use of Notice and Cure Periods Clause in Contracts

Notice and Cure Periods. Notwithstanding any term or provision to the contrary in this Note or any other document or instrument evidencing or securing the loan (collectively the "Loan Documents"), Employee shall have thirty (30) days following written notice to the Employee of Employee's default under any provision of the Loan Documents, including, without limitation, the Note, in which to cure any such default before the Company may exercise any remedies for said default as provided in this Note or any other Loan Documents.

Appears in 6 contracts

Samples: Note and Security Agreement (Summit Properties Inc), Promissory Note and Security Agreement (Summit Properties Inc), Promissory Note and Security Agreement (Summit Properties Inc)

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Notice and Cure Periods. Notwithstanding any term or provision to the contrary in this Note or any other document or instrument evidencing or securing the loan (collectively collectively, the "Loan Documents"), Employee shall have thirty (30) days following written notice to the Employee of Employee's default under any provision of the Loan Documents, including, without limitation, the Note, in which to cure any such default before the Company may exercise any remedies for said default as provided in this Note or any other Loan Documents.

Appears in 1 contract

Samples: Promissory Note and Security Agreement (Summit Properties Inc)

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