Common use of NOTICE AND OPPORTUNITY TO CURE DEFAULT Clause in Contracts

NOTICE AND OPPORTUNITY TO CURE DEFAULT. It shall be a condition precedent to the Principal Guest’s right to a refund or termination of this Agreement by default of Owner, that Principal Guest shall first have given the Owner written notice stating with specificity (i) a statement they are alleging a breach of this Agreement by the Owner, and (ii) the reason for the termination ("breach"). If such breach is capable of cure or remedy, Owner will have a period of ten (10) days after the notice is given to remedy the breach. Notwithstanding the foregoing, if the alleged breach occurs during Principal Guest occupancy, time shall be of the essence and the right to cure period shall be shortened to 48 hours.

NOTICE AND OPPORTUNITY TO CURE DEFAULT. It shall be a condition precedent to the Principal Guest’s right to a refund or termination of this Agreement by default of Owner, that Principal Guest shall first have given the Owner written notice stating with specificity (i) a statement they are alleging a breach of this Agreement by the Owner, and (ii) the reason for the termination ("breach"). If such breach is capable of cure or remedy, Owner will have a period of ten (10) days after the notice is given to remedy the breach. Notwithstanding the foregoing, if the alleged breach occurs during Principal Guest occupancyoccupancy of the Condo, time shall be of the essence and the right to cure period shall be shortened to 48 hours.