Common use of Notice of Alleged Event of Default to DCAMM and Right to Cure Clause in Contracts

Notice of Alleged Event of Default to DCAMM and Right to Cure. If there is an alleged DCAMM Event of Default as provided above, then DCAMM shall have an opportunity to cure such DCAMM Event of Default as provided for herein. a. Within thirty (30) days of the discovery of a DCAMM Event of Default, CONTRACTOR shall give written “Notice to Cure Event of Default” to DCAMM, specifying the alleged default; b. DCAMM shall then have thirty (30) days from the receipt of the Notice to Cure Event of Default to cure, or c. if a cure for the DCAMM Event of Default cannot be completed in such thirty (30) days, then DCAMM shall commence good faith efforts to cure in that period with diligent subsequent performance to cure such default. DCAMM shall, within thirty (30) days of receipt of the Notice to Cure, provide written response to the CONTRACTOR that states its actions to Cure the Event of Default and an estimated date upon which such default shall be cured.

Appears in 2 contracts

Samples: Energy Services Agreement, Energy Services Agreement

AutoNDA by SimpleDocs

Notice of Alleged Event of Default to DCAMM and Right to Cure. If there is an alleged DCAMM Event of Default as provided above, then DCAMM shall have an opportunity to cure such DCAMM Event of Default as provided for herein. a. Within thirty (30) calendar days of the discovery of a DCAMM Event of Default, CONTRACTOR shall give written “Notice to Cure Event of Default” to DCAMM, specifying the alleged default; b. DCAMM shall then have thirty (30) calendar days from the receipt of the Notice to Cure Event of Default to cure, or c. if a cure for the DCAMM Event of Default cannot be completed in such thirty (30) calendar days, then DCAMM shall commence good faith efforts to cure in that period with diligent subsequent performance to cure such default. DCAMM shall, within thirty (30) days of receipt of the Notice to Cure, provide written response to the CONTRACTOR that states its actions to Cure the Event of Default and an estimated date upon which such default shall be cured.

Appears in 2 contracts

Samples: Energy Services Agreement, Energy Services Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!