Notification of Breach Required. Other than with respect to the nonpayment or late payment of all or a portion of the Land Taxes, the Administrative Fee or Annual Service Charge (any of the foregoing a “Payment Default”), the Borough shall notify the Entity in writing of any breach relating to the terms of this Agreement. If the Entity fails to cure a Payment Default within 10 days of its occurrence, or any other breach identified within 30 Days after the actual delivery of such notice by the Borough, or within any additional periods to which the Parties may agree to, in writing, the Borough may move to invalidate the Long Term Tax Exemption upon 30 Days final written notice to the Entity, which shall inform the Entity that the Long Term Tax Exemption shall terminate due to the breach of the terms of this Agreement. With respect to defaults other than Payment Defaults, the Borough shall not unreasonably refuse to grant a reasonable extension of the cure period, not to exceed 90 days after the Notice unless the Borough in its sole discretion shall agree to a longer cure period.
Notification of Breach Required. Other than with respect to the nonpayment or late payment of all or a portion of Land Taxes, the Administrative Fee, Annual Service Charge or Minimum Annual Service Charge (any of the foregoing a “Payment Default”), the Township shall notify the Redeveloper in writing of any breach relating to the terms of this Financial Agreement. If the Redeveloper fails to cure a Payment Default within thirty (30) days of its occurrence, or fails to cure any other breach within forty-five (45) Days after the actual delivery of notice by the Township, or within any additional periods to which the Parties may agree, in writing, the Township may move to invalidate the Long Term Tax Exemption by providing forty-five (45) Days final written notice to the Redeveloper, which shall inform the Redeveloper that the Long Term Tax Exemption shall terminate at the expiration of said forty-five (45) day notice period due to the breach of the terms of this Financial Agreement. With respect to defaults other than Payment Defaults, the Township shall not unreasonably refuse to grant a reasonable extension of the cure period, not to exceed sixty (60) days after the Notice unless the Township in its sole discretion shall agree to a longer cure period.
Notification of Breach Required. The Borough shall notify the Entity in writing of any breach relating to the terms of this Financial Agreement. If the Entity fails to cure a Payment Default within ten (10) Days of the actual delivery of notice by the Borough, or fails to cure any other breach within thirty (30) Days after the actual delivery of notice by the Borough, or within any additional periods to which the Parties may agree to, in writing (with respect to Defaults other than Payment Defaults, the Borough shall not unreasonably refuse to grant a reasonable extension of the cure period, not to exceed sixty
Notification of Breach Required. Other than with respect to a Payment Default, the City shall notify the Entity in writing of any breach relating to the terms of this Agreement. If the Entity fails to cure a Payment Default within ten (10) Days, or any other breach identified within thirty (30) Days after the actual delivery of such notice by the City, or within any additional periods to which the Parties may agree to, in writing, the City may invalidate the Long Term Tax Exemption upon thirty (30) Days' written notice to the Entity, which shall inform the Entity that the Long Term Tax Exemption shall terminate due to the breach of the terms of this Agreement.
