Common use of Notice of Default and Cure of Potential Events of Default Clause in Contracts

Notice of Default and Cure of Potential Events of Default. Except with respect to the Events of Default specified in Sections 8.1.1, 8.1.3, or 8.1.5 above, and subject to the provisions of Section 8.4, CNB will give Borrower at least ten (10) days' written notice of any event which constitutes or, with the lapse of time would become an Event of Default, during which time Borrower will be entitled to cure same.

Appears in 1 contract

Samples: Credit Agreement (Spectrum Laboratories Inc /Ca)

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Notice of Default and Cure of Potential Events of Default. Except with respect to the Events of Default specified in Sections Paragraphs 8.1.1, 8.1.3, 8.1.3 or 8.1.5 above, and subject to the provisions of Section 8.4, CNB will shall give Borrower at least ten (10) days' written notice of any event which constitutes or, with the lapse of time would become an Event of Default, during which time Borrower will shall be entitled to cure same.

Appears in 1 contract

Samples: Credit and Security Agreement (SRS Labs Inc)

Notice of Default and Cure of Potential Events of Default. Except with respect to the Events of Default specified in Sections 8.1.19.1.1, 8.1.3, 9.1.4 or 8.1.5 9.1.5 above, and subject to the provisions of Section 8.49.4, CNB will give Borrower at least ten (10) business days' written notice of any event which constitutes orconstitutes, or with the lapse of time would become become, an Event of Default, during which time Borrower will be entitled to cure same.

Appears in 1 contract

Samples: Accounts Receivable Loan Agreement (Emergent Information Technologies Inc)

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Notice of Default and Cure of Potential Events of Default. Except with respect to the Events of Default specified in Sections 8.1.19.1.1, 8.1.39.1.4, 9.1.5, 9.1.12 or 8.1.5 9.1.13 above, and subject to the provisions of Section 8.49.4, CNB will give Borrower at least ten (10) days' written notice of any event which constitutes orconstitutes, or with the lapse of time would become become, an Event of Default, during which time Borrower will be entitled to cure same.

Appears in 1 contract

Samples: Forbearance Agreement (Signature Eyewear Inc)

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