Common use of Payment and Cure Clause in Contracts

Payment and Cure. If the Company defaults in timely payment on the due date of any payment or amount due under this Agreement, the Executive shall give written notice of such default to the person specified in or pursuant to this Agreement to receive notice on behalf of the Company. The Company shall have thirty (30) days after the receipt of such a notice of default to cure any payment default.

Payment and Cure. If the Company defaults in timely payment on the due date of any payment or amount due under this Agreement, the Executive shall give written notice of such default to the person specified in or pursuant to this Agreement to receive notice on behalf of the Company. The Company shall have thirty ten (3010) days after the receipt of such a notice of default to cure any payment default.

Payment and Cure. If the Company defaults in timely payment on the due date of any payment or amount due under this Agreement, the Executive shall give written notice of such default to the person specified in or pursuant to this Agreement to receive notice on behalf of the Company. The Company shall have thirty five (305) days after the receipt of such a notice of default to cure any payment default, and such cure shall include payment of interest at the annual rate of 8% on the overdue amount.