Common use of Occurrence of Default Clause in Contracts

Occurrence of Default. Upon the occurrence of an Event of Default, the non-defaulting party shall give written notice to the defaulting party specifying the alleged default. The defaulting party shall then be entitled to 10 days after receipt of such notice within which to cure any monetary default and 30 days within which to cure any non-monetary default. If the party entitled to cure the Event of Default does not cure the Event of Default within the cure period specified above, then such party shall be deemed to be in default of this Agreement. Any such default shall not relieve the defaulting party from any of its obligations hereunder, and in the event of a default, the non-defaulting party hereunder shall, except as provided in this Agreement, be entitled to whatever remedies at law or in equity are available to it.

Occurrence of Default. Upon the occurrence of an Event of Default, the non-defaulting party shall give written notice to the defaulting party specifying the alleged default. The defaulting party shall then be entitled to 10 days after receipt of such notice within which to cure any monetary default and 30 days within which to cure any non-non- monetary default. If the party entitled to cure the Event of Default does not cure the Event of Default within the cure period specified above, then such party shall be deemed to be in default of this Agreement. Any such default shall not relieve the defaulting party from any of its obligations hereunder, and in the event of a default, the non-defaulting party hereunder shall, except as provided in this Agreement, be entitled to whatever remedies at law or in equity are available to it.

Occurrence of Default. Upon the occurrence of an Event of Default, the non-defaulting party shall give written notice to the defaulting party specifying the alleged default. The defaulting party shall then be entitled to 10 days after receipt of such notice within which to cure any monetary default and 30 45 days within which to cure any non-monetary default. If the party entitled to cure the Event of Default does not cure the Event of Default within the cure period specified above, then such party shall be deemed to be in default of this Agreement. Any such default shall not relieve the defaulting party from any of its obligations hereunder, and in the event of a default, the non-defaulting party hereunder shall, except as provided in this Agreement, be entitled to whatever remedies at law or in equity are available to it.