Notice and Time to Cure. The failure by any Party to perform any of its obligations set forth in this Agreement shall constitute a default. Except as required to protect against further damages, the non-defaulting Parties may not institute legal proceedings against the Party in default until the non-defaulting Parties have provided the defaulting Party notice of the default and the cure period has expired: The cure period for any default shall be thirty (30) days after the defaulting Party’s receipt of written notice from the non-defaulting Parties that such obligation was not performed. In the case of a default which cannot be cured within the cure periods set forth in this section, the defaulting Party shall commence efforts to cure within such time periods, and shall diligently thereafter pursue to cure the default to completion within a reasonable period of time.
Notice and Time to Cure. Except with respect to the Events of Default specified in subparagraphs (a), (c), (d), (e), (f), (g), (h) and (i) of Section 11.01 hereof, as to which the occurrence of such an event or condition shall be sufficient to render the Borrower in default hereunder and under the Loan Documents, default by the Borrower hereunder and under the Loan Documents shall occur upon the Borrower's failure to cure any condition or occurrence constituting an Event of Default within fifteen (15) days after written notice of the existence of the condition or occurrence constituting an Event of Default from the Bank to the Borrower.
