Common use of Notice to CONTRACTOR and Right to Cure Clause in Contracts

Notice to CONTRACTOR and Right to Cure. (i) If there is a Technical Event of Default by CONTRACTOR as provided in Section 50.5, DCAMM shall issue a “Notice of Technical Event of Default” to CONTRACTOR via electronic mail delivery, read receipt requested. (ii) CONTRACTOR shall immediately commence efforts to cure the Technical Event of Default and provide to DCAMM a notice of its intent to cure such Technical Event of Default within three (3) calendar days of such “Notice of Technical Event of Default.” (iii) Should CONTRACTOR fail to cure a Technical Event of Default within five (5) calendar days or provide sufficient assurance, such sufficiency to be within the sole and exclusive discretion of DCAMM, that such Technical Event of Default shall be cured within an additional five (5) calendar days (or ten (10) calendar days from original Notice provided by DCAMM) DCAMM may immediately proceed with termination of this Contract in accordance with Section 51: Termination.

Appears in 2 contracts

Samples: Energy Services Agreement, Energy Services Agreement

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Notice to CONTRACTOR and Right to Cure. (i) If there is a Technical Event of Default by CONTRACTOR as provided in Section 50.550.5(a), DCAMM shall issue a “Notice of Technical Event of Default” to CONTRACTOR via electronic mail delivery, read receipt requested. (ii) CONTRACTOR shall immediately commence efforts to cure the Technical Event of Default and provide to DCAMM a notice of its intent to cure such Technical Event of Default within three (3) calendar days of such “Notice of Technical Event of Default.” (iii) Should CONTRACTOR fail to cure a Technical Event of Default within five (5) calendar days or provide sufficient assurance, such sufficiency to be within the sole and exclusive discretion of DCAMM, that such Technical Event of Default shall be cured within an additional five (5) calendar days (or ten (10) calendar days from original Notice provided by DCAMM) DCAMM may immediately proceed with termination of this Contract in accordance with Section 51: Termination.

Appears in 2 contracts

Samples: Energy Services Agreement, Energy Services Agreement

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Notice to CONTRACTOR and Right to Cure. (i) If there is a Technical Event of Default by CONTRACTOR as provided in Section 50.541.5(a), DCAMM CUSTOMER shall issue a “Notice of Technical Event of Default” to CONTRACTOR via electronic mail delivery, read receipt requested. (ii) CONTRACTOR shall immediately commence efforts to cure the Technical Event of Default and provide to DCAMM a notice of its intent to cure such Technical Event of Default within three (3) calendar days of such “Notice of Technical Event of Default.” (iii) Should CONTRACTOR fail to cure a Technical Event of Default within five (5) calendar days or provide sufficient assurance, such sufficiency to be within the sole and exclusive discretion of DCAMM, that such Technical Event of Default shall be cured within an additional five (5) calendar days (or ten (10) calendar days from original Notice provided by DCAMM) DCAMM CUSTOMER may immediately proceed with termination of this Contract in accordance with Section 51: Termination42.

Appears in 1 contract

Samples: Energy Services Agreement

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