Notice of Default and Cure. Secured Party shall deliver Notice of any Default to Debtor. Debtor shall have the right to cure any Default specified under Section I (d)(i) or (ii) within the Cure Period. Debtor may not cure a Default described in Section I (d)(iii) through (ix) of this Agreement. If Debtor fails to cure the Default within the Cure Period, or is prohibited from curing the Default, then Secured Party may pursue any and all remedies provided in this Agreement. Debtor agrees that receipt of Notice shall provide Debtor with reasonable advance notice of a planned sale or other disposition of the Collateral by Secured Party,
Notice of Default and Cure. A Party shall be in default of this Agreement if the Party fails to perform any material obligation under this Agreement and such failure continues uncured for more than thirty (30) days after receiving a written notice of default from any other Party (a “Default Notice”). Any such default which continues uncured beyond the thirty (30) day cure period above shall constitute an “Event of Default.”
Notice of Default and Cure. The Pledgee shall deliver notice of any Default to the Pledgor and to the Escrow Agent. The Pledgor shall have the right to cure any Default specified under the Note. If the Pledgor fails to cure a Default as described in the Note, then, after expiration of such applicable cure period, the Pledgee may pursue any and all remedies provided in this Agreement.
Notice of Default and Cure. Any Party claiming a default under this Agreement shall deliver to the defaulting Party a written notice of default (“Notice of Default”). The Notice of Default shall specify the reasons for the allegation of default with reasonable particularity and the manner in which the default can be cured. The defaulting Party shall have the right to cure the default within thirty (30) days after receipt of the Notice of Default; provided, however, that if the nature of the alleged default is such that it cannot be reasonably cured within such thirty- day (30-day) period, the thirty-day (30-day) period shall be extended for the time reasonably required to complete the cure, so long as the defaulting Party commences the cure within the thirty-day period and diligently prosecutes the cure to completion thereafter and such cure is complete within one hundred twenty (120) after the cure is commenced; provided, that if a Party has timely commenced and diligently prosecutes the cure to completion thereafter, then the other party shall reasonably provide one or more extensions up to a total of one hundred twenty (120) days.
Notice of Default and Cure. The Pledgee shall deliver notice of any Default to the Pledgor. The Pledgor shall have the right to cure any Default as set forth under the Commercial Loan Agreement and Note. If the Pledgor fails to cure a Default as described in the Commercial Loan Agreement and/or Note, then, after expiration of such applicable cure period, the Pledgee may pursue any and all remedies provided in this Agreement, including but not limited to, taking title to the Collateral and notifying the Pledgor’s transfer agent that an uncured Event of Default has occurred and that the shares evidencing the Collateral are to be released to the Pledgee or its assigns.
Notice of Default and Cure. In the event of a Default, CET-SC shall notify P2S Holdings, CET-DEL and the Escrow Agent in writing that a default exists and provide a detailed description of the Default. The Companies, individually or together, or any group appointed by the Companies, will have 30 calendar days to cure the Default and notify CET-SC and the Escrow Agent in writing of the cure, providing an accompanying detail.
Notice of Default and Cure. The Pledgee shall deliver notice of any Default to the Pledgor. The Pledgor shall have the right to cure any Default as set forth under the Loan Agreement, Note or Settlement Agreement, as applicable. If the Pledgor fails to cure a Default, then, after expiration of such applicable Cure Period, the Pledgee may pursue any and all remedies provided in this Agreement, including but not limited to, taking title to the Collateral (or a pro rata portion thereof if the default is limited to a default under the Loan Agreement or Settlement Agreement or vice versa) and noticing the Pledgor’s transfer agent that an uncured Event of Default has occurred and that the shares evidencing the Collateral (or a pro rata amount thereof) are to be issued to the Pledgee or assigns as set forth herein.
Notice of Default and Cure. Except with respect to a default of Purchaser specified below, no party shall declare a default unless and until the non-defaulting party has delivered written notice specifying the default, to the defaulting party, and the defaulting party has failed or refused to cure any such default within ten (10) days of the receipt of any such notice. Notwithstanding the foregoing or anything contained herein to the contrary, there shall be no grace or cure period for Purchaser’s failure to deliver the Xxxxxxx Money or to take all actions and execute and deliver all required purchase and other funds and all necessary closing documents as specified in this Agreement, as and when required by this Agreement (collectively an “Incurable Default”). In the event of an Incurable Default, the Seller may, at its option, immediately declare this Agreement terminated and exercise its remedies provided herein.
Notice of Default and Cure. As a precondition to exercising any rights or remedies as a result of any default or alleged default by Xxxxxx, Lessor shall deliver a duplicate copy of the applicable Notice of Default to each Lessee’s Lender concurrently with delivery of such notice to Lessee, specifying in detail the alleged Event of Default and the required remedy, provided Lessor was given sufficient notice of the identity and contact information of such Xxxxxx’s Lender. Each Lessee’s Lender shall have the same period after receipt of a Notice of Default to remedy an Event of Default, or cause the same to be remedied, as is given to Lessee after Xxxxxx’s receipt of a Notice of Default under the Lease, plus, in each instance the following additional time periods: (i) thirty (30) business days in the event of any monetary Event of Default; and (ii) sixty (60) days in the event of any non-monetary Event of Default; provided, that (a) such sixty (60)-day period shall be extended for the time reasonably required by such Lessee’s Lender to complete such cure, including the time required for such Xxxxxx’s Lender to obtain possession of the Solar Facility (including possession by a receiver), institute foreclosure proceedings or otherwise perfect its right to effect such cure and (b) such Lessee’s Lender shall not be required to cure those Events of Default which are not reasonably susceptible of being cured or performed.
Notice of Default and Cure. If, after ten (10) business days from Franchisee's Preliminary Response, the City determines that no Default occurred, the City will so notify the Franchisee in writing. If, after ten (10) business days from Franchisee's Preliminary Response, the City determines that a Default has occurred and that the Default has not been cured, the City may issue a written notice of Default to the Franchisee, describing the Default in reasonable detail, including the provisions of the Agreement on which the notice of Default is based (such written notice being referred to herein as the ''Notice of Default").
