Period to Cure Sample Clauses
Period to Cure. Except as provided in Subsections 14.01 and 14.02, Licensee shall have 30 days after receipt from SONIC of a written notice of breach of this Agreement or such notice period as is required by the law of the state where the Sonic Restaurant is located, within which to remedy any breach hereunder. However, this period to cure will not be available to Licensee, and SONIC will not be required to delay termination of this Agreement, where the breach involved is one which Licensee cannot cure within the prescribed cure period or is one which is impossible to cure. SONIC shall have the right to terminate this Agreement and the License upon written notice to the Licensee and without any opportunity to cure after three willful and material breaches of the same provision of this Agreement within any 12-month period for which the Licensee has received written notice and an opportunity to cure. If any such breach is not cured within that time, SONIC may, at its option, terminate this Agreement and all rights granted hereunder effective immediately on the date of receipt by Licensee of written notice of termination. Licensee shall be in breach hereunder for any failure to comply with any of the terms of this Agreement or to carry out the terms of this Agreement in good faith. Such breach shall include, but shall not be limited to, the occurrence of any of the following illustrative events:
(a) If the Licensee fails to pay any past due amounts owed to SONIC after SONIC has mailed the Licensee two or more statements at least 20 days apart.
(b) If Licensee fails to promptly pay, or repeatedly delays the prompt payment of undisputed invoices from his suppliers or in the remittance of rent and property tax as required in Licensee’s lease.
(c) If Licensee fails to maintain and operate the Sonic Restaurant in a good, clean, and wholesome manner or otherwise is not in compliance with the standards prescribed by the Sonic System.
(d) If Licensee attempts to assign or transfer any interest in this Agreement in violation of Section 13 herein.
(e) If Licensee denies SONIC the right to inspect the Sonic Restaurant at reasonable times, which includes the right to photograph the interior and exterior of the Sonic Restaurant in its entirety.
(f) If Licensee fails, refuses, or neglects to obtain SONIC’s prior written approval or consent as required by this Agreement.
(g) If Licensee acquires any interest in another business in violation of Section 16.
(h) If Licensee fails, refuses or ...
Period to Cure. This opportunity to cure shall last six months, from January 1, 2011 to June 30, 2011.
Period to Cure. This opportunity to cure shall last one year, from January 1, 2008 to December 31, 2008.
Period to Cure. A Member who shall have received a Notice of Default with respect to a Default under any of clauses (i), (iv), (vii) or (viii) of Section 11.1(a) shall have a period of thirty (30) days after receipt of such Notice of Default to cure such Default and the Notice of Default with respect thereto shall not be effective unless such Default is not cured within such thirty (30) day period. In such case, the Defaulting member shall lose no rights hereunder with respect to a Default that has been so cured. However, if such Default was not cured within thirty (30) days of receipt of the Notice of Default, then the Default shall constitute an "Event of Default", and Limited REMI I or CT-F1, as the case may be, shall have the rights set forth in Section 11.2.