Common use of Remedy Period Clause in Contracts

Remedy Period. 23.5.1 Following the service of the Notice of Intent to Terminate, the "DEVELOPER" shall have a period of 30 days (“Remedy Period”) to remove the reasons of termination pursuant to which the Notice of Intent to Terminate was issued. 23.5.2 During the Remedy Period, the "DEVELOPER" may continue to undertake efforts to cure the default. 23.5.3 During the Remedy Period, both the parties shall, save as otherwise provided herein, continue to perform their respective obligations under this agreement / Project Agreements.