Common use of of Default Clause in Contracts

of Default. If the Event of Default cannot be cured by the defaulting party within such time period but commercially reasonably efforts are being made to effect a cure or otherwise secure or protect the interests of the non-defaulting party (in which case, if successful, the Event of Default shall be deemed cured), then the defaulting party shall have an additional period not to exceed thirty (30) days to effect a cure or a deemed cure; provided, however, that such additional thirty-day period shall not be available in the case of a default under Section 11.1(a) above.

of Default. If the Event of Default cannot be cured by the defaulting party within such time period but commercially reasonably efforts are being made to effect a cure or otherwise secure or protect the interests of the non-defaulting party (in which case, if successful, the Event of Default shall be deemed cured), then the defaulting party shall have an additional period not to exceed thirty ten (3010) days to effect a cure or a deemed cure; provided, however, that such additional thirty-ten (10) day period shall not be available in the case of a default under Section 11.1(a) above.