Common use of Priority of Cure Rights Clause in Contracts

Priority of Cure Rights. In any case where FirstWorld is in default, has breached or there is any Event of Default, under both this Agreement and any Financing Encumbrance, and both Lender and Irvine would therefore have the right to exercise their respective Cure Rights hereunder, then, notwithstanding any contrary provision of this Agreement:

Appears in 4 contracts

Samples: System License Agreement (Firstworld Communications Inc), System License Agreement (Firstworld Communications Inc), Firstworld Communications Inc

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