Common use of Notice of Certain Defaults; Opportunity to Cure Such Defaults Clause in Contracts

Notice of Certain Defaults; Opportunity to Cure Such Defaults. Anything in this Indenture to the contrary notwithstanding, no default under subsection (c) of Section 11.1 will constitute an Event of Default until actual notice of the default is given to the Authority by the Trustee or by the Owners of not less than twenty-five percent in aggregate principal amount of all Outstanding Bonds, and the Authority has had (i) 30 days after receipt of the notice with respect to any default in the payment of money or (ii) 90 days after receipt of the notice of any other default to correct the default or to cause the default to be corrected; provided, however, that if the Authority shall certify in writing to the Trustee that the default cannot be corrected within the applicable period, it will not constitute an Event of Default if corrective action is instituted by the Authority within the applicable period and diligently pursued until the default is corrected.

Notice of Certain Defaults; Opportunity to Cure Such Defaults. Anything in this Indenture Notwithstanding anything to the contrary notwithstandingin this Master Indenture, no default under subsection (cSection 13.1(a)(4) of Section 11.1 will constitute an Event of Default until actual notice of the default is given to the Authority HRTAC by the Trustee or by the Owners of not less than twenty-five percent 25% in aggregate principal amount of all Outstanding Bonds, and the Authority HRTAC has had (i) 30 days after receipt of the notice with respect to any default in the payment of money or (ii) 90 days after receipt of the notice of any other default to correct the default or to cause the default to be corrected; provided, however, that if the Authority shall certify in writing to the Trustee that the default can be corrected, but cannot be corrected within the applicable 90-day period, it will not constitute an Event of Default if corrective action is instituted by the Authority HRTAC within the applicable 90-day period and diligently pursued (as determined by the Trustee) until the default is corrected.

Notice of Certain Defaults; Opportunity to Cure Such Defaults. Anything in this Indenture Notwithstanding anything to the contrary notwithstandingin this Master Indenture, no default under subsection (cSection 13.1(a)(4) of Section 11.1 will constitute an Event of Default until actual notice of the default is given to the Authority NVTC by the Trustee or by the Owners of not less than twenty-five percent 25% in aggregate principal amount of all Outstanding Bonds, and the Authority NVTC has had (i) 30 days after receipt of the notice with respect to any default in the payment of money or (ii) 90 days after receipt of the notice of any other default to correct the default or to cause the default to be corrected; provided, however, that if the Authority shall certify in writing to the Trustee that the default can be corrected, but cannot be corrected within the applicable period, it will not constitute an Event of Default if corrective action is instituted by the Authority NVTC within the applicable period and diligently pursued (as determined by the Trustee) until the default is corrected.