Common use of Right to Cure Event of Default Clause in Contracts

Right to Cure Event of Default. Upon the occurrence of any event of default entitling a Party to terminate this Agreement (excepting those events set forth under subsections 8.2 (a) or (b) and 8.3 (a) or (b) hereof), the non-defaulting Party may send notice of termination, specifying the nature of the default, to the other Party. The non-defaulting Party shall permit 60 calendar days, following the date of such notice to enable the other Party to cure the default to the non-defaulting Party's satisfaction. Failure to cure the default shall result in termination without further notice by the non-defaulting Party, unless such non-defaulting Party extends the cure period by written notice or withdraws the default notice; however, in no event shall any such termination relieve ECRI of its obligations under Section 2.1 of this Agreement.

Right to Cure Event of Default. Upon the occurrence of any ------------------------------ event of default entitling a Party party to terminate this Agreement (excepting those events set forth under subsections 8.2 (a) or (b) and 8.3 (a) or (b) hereof)Agreement, the non-non- defaulting Party party may send notice of termination, specifying the nature of the default, to the other Partyparty. The non-defaulting Party party shall permit 60 30 calendar days, following the date of such notice to enable the other Party party to cure the default to the non-defaulting Partyparty's satisfactionsatisfaction (assuming that the default is susceptible of cure). Failure to cure the default shall result in termination without further notice by the non-defaulting Partyparty, unless such non-defaulting Party party extends the cure period by written notice or withdraws the default notice; however, in no event shall any such termination relieve ECRI of its obligations under Section 2.1 of this Agreement.