Procedure Upon Default. Upon Default, the Cooperative shall proceed with the procedures set forth in Section 4.10 of the Bylaws.
Procedure Upon Default. The failure of a Party to pay any amounts when due hereunder or the failure of a Party to perform any obligation required of it to be performed hereunder, and the failure to cure within sixty (60) days after receipt of written notice from the other Party specifying in reasonable detail the nature of such default, shall be considered an event of default hereunder. Upon the occurrence of an event of default and the failure to cure during the sixty (60) days after receipt of notice, either Party may deliver to the other Party written notice of intent to invoke the provisions of Section 10.
Procedure Upon Default. Within ten (10) days after the occurrence of a default hereunder, the County shall give the Defaulting Party (where “Defaulting Party” means the party or parties alleged by the County under Section 5.1.1 as being in default) and the Canyons Resort Village Management Association and/or The Colony Master Association written notice specifying the nature of the alleged default and, when appropriate, the manner in which the default must be satisfactorily cured. The Defaulting Party shall have sixty (60) days after receipt of written notice to cure the default. Failure or delay in giving notice of default shall not constitute a waiver of any default, nor shall it change the time of default. Notwithstanding the sixty-day cure period provided above, in the event more than sixty days is reasonably required to cure a default and the Defaulting Party or some other party, within the sixty day-cure period, commence actions reasonably designed to cure the default, then the cure period shall be extended for such additional period during which the Defaulting Party or such other party is prosecuting those actions diligently to completion.
Procedure Upon Default. (a) If Lender shall elect to declare a Default by reason of any action or inaction of the Borrower, and the County shall have proceeded in the manner provided for by section 5 hereinabove, the specified date for acceleration of the Note as fixed by Xxxxxx in the Default Notice shall be extended for a period which is co-extensive with the County's performance of the Borrower's obligations under the Loan Documents, provided that the County or Borrower shall, during such period pay or cause to be paid all monetary obligations of Borrower under the Loan Documents as the same become due, and continue its good faith efforts to perform all of Borrower's other obligations under the Loan Documents.
Procedure Upon Default. (1) Upon the occurrence of Default, the non-defaulting party shall give the other party thirty (30) days written notice specifying the nature of the alleged default and, when appropriate, the manner in which said Default must be satisfactorily cured. In the event that the Default cannot reasonably be cured within thirty (30) days, the defaulting party shall have such additional time as may be necessary to cure such default so long as the defaulting party takes action to begin curing such default within such thirty (30) day period and thereafter proceeds diligently to cure the Default. After proper notice and expiration of said thirty (30) day or other appropriate cure period without cure, the non-defaulting party may declare the other party to be in breach of this Agreement and may take the action specified in Paragraph C herein. Failure or delay in giving notice of default shall not constitute a waiver of any default.
Procedure Upon Default. (1) Upon the occurrence of Default, the non-defaulting party shall give the other party thirty (30) days written notice specifying the nature of the alleged Default and, when appropriate, the manner in which said Default must be satisfactorily cured. In the event the Default cannot reasonably be cured within thirty (30) days, the defaulting party shall have such additional time as may be necessary to cure such Default so long as the defaulting party takes action to begin curing such Default with such thirty (30) day period and thereafter proceeds diligently to cure the Default. After proper notice and expiration of said thirty (30) day or other appropriate cure period without cure, the non-defaulting party may declare the other party to be in breach of this Agreement and may take the action specified in Paragraph 13(C) herein. Failure or delay in giving notice of Default shall not constitute a waiver of any Default.
Procedure Upon Default. Upon the occurrence of an Event of Default under the Credit Agreement and only so long as said Event of Default shall be continuing, Agent shall be entitled to exercise all rights of a secured party under the California Uniform Commercial Code Sections 9501 et. seq., and following foreclosure of its security interest as provided therein, shall be entitled to exercise the Option upon the terms and conditions provided in the Option.
Procedure Upon Default. (a) Upon a Licensor's Default or Licensee's Default, Escrow Agent shall release the Source Material to the non-defaulting party after receipt of the following, and after compliance with the additional requirements of Subsection 3.3(b) and Section 3.4 hereto):
Procedure Upon Default. 20.1 Upon the occurrence of default by Developer or County, prior to any proceedings pursuant to Division 23 of the County Code, and as an informal resolution procedure prior to any litigation being filed (including but not limited to any breach of contract action), the non- defaulting party shall provide the other party written notice specifying the nature of the alleged default and the actions required to cure such default. Such notice shall not be required in the event the default creates a threat to public health and safety.
Procedure Upon Default. (a) Subject to Clause 19.3A, either the Contractor may give the Principal or the Principal may give the Contactor (as the case may be) a Notice specifying the default and, subject to Clause 19.3(e)ii) or 19.3(e)iv), requiring the Party named in the notice (Defaulting Party) to rectify or remedy the same at the Defaulting Party’s expense within a period agreed between the Contractor and the Principal or, in the absence of an agreement, within 20 Business Days (Breach Notice).
