Common use of Right to Cure Clause in Contracts

Right to Cure. If any default, other than a Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 22 contracts

Samples: Business Loan Agreement (Personal Computer Products Inc), Loan Agreement (U S Laboratories Inc), Business Loan Agreement (Artest Corp)

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Right to Cure. If any default, other than a Default default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a1) cures cure the default within fifteen (15) days; or (b2) if the cure requires more than fifteen (15) days, immediately initiates initiate steps which Lender deems in LenderXxxxxx's sole discretion to be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 13 contracts

Samples: Business Loan Agreement (Ministry Partners Investment Corp), Business Loan Agreement (Ministry Partners Investment Corp), Agreement (Hastings Manufacturing Co)

Right to Cure. If any default, other than a Default default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a1) cures cure the default within fifteen (15) days; or (b2) if the cure requires more than fifteen (15) days, immediately initiates initiate steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 12 contracts

Samples: Business Loan Agreement (Niku Corp), Commercial Security Agreement (Niku Corp), Aircraft Loan Agreement (Energy Exploration Technologies /)

Right to Cure. If any default, other than a Default default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving Lender sends written notice from Lender to Borrower or Grantor, as the case may be, demanding cure of such default: (a1) cures cure the default within fifteen (15) days; or (b2) if the cure requires more than fifteen (15) days, immediately initiates initiate steps which Lender deems in Lender's ’s sole discretion to be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 10 contracts

Samples: Business Loan Agreement (FGI Industries Ltd.), Business Loan Agreement (NANOPHASE TECHNOLOGIES Corp), Business Loan Agreement (Electromed, Inc.)

Right to Cure. If any default, other than a Default default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a1) cures cure the default within fifteen (15) days; or (b2) if the cure requires more than fifteen (15) days, immediately initiates initiate steps which Lender deems in Lender's ’s sole discretion to be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 8 contracts

Samples: Business Loan Agreement (At&s Holdings Inc), Business Loan Agreement (Pinnacle Data Systems Inc), Business Loan Agreement (At&s Holdings Inc)

Right to Cure. If any default, other than a Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen thirty (1530) days; or (b) if the cure requires more than fifteen thirty (1530) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 7 contracts

Samples: Business Loan Agreement (New America Network Inc), Business Loan Agreement (Trex Co Inc), Business Loan Agreement (New America Network Inc)

Right to Cure. If any default, other than a Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender's Lenders sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 6 contracts

Samples: Borrower Agreement (Web Press Corp), Loan Agreement (Web Press Corp), Loan Agreement (Web Press Corp)

Right to Cure. If any default, other than a Default default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving Xxxxxx sends written notice from Lender to Borrower or Grantor, as the case may be, demanding cure of such default: (a1) cures cure the default within fifteen (15) days; or (b2) if the cure requires more than fifteen (15) days, immediately initiates initiate steps which Lender Xxxxxx deems in Lender's Xxxxxx’s sole discretion to be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 5 contracts

Samples: Business Loan Agreement (Heritage Global Inc.), Business Loan Agreement (Heritage Global Inc.), Business Loan Agreement (Electromed, Inc.)

Right to Cure. If any default, other than a Default default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving Lender sends written notice from Lender to Borrower or Grantor, as the case may be, demanding cure of such default: (a1) cures cure the default within fifteen (15) days; or (b2) if the cure requires more than fifteen (15) days, immediately initiates initiate steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 4 contracts

Samples: Business Loan Agreement (Better Choice Co Inc.), Business Loan Agreement (Collectors Universe Inc), Business Loan Agreement (Collectors Universe Inc)

Right to Cure. If any default, other than a Default default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a1) cures cure the default within fifteen thirty (1530) days; or (b2) if the cure requires more than fifteen thirty (1530) days, immediately initiates initiate steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 4 contracts

Samples: Business Loan Agreement (Infinite Graphics Inc), Loan Agreement (Westerbeke Corp), Business Loan Agreement (Badger Paper Mills Inc)

Right to Cure. If any one of the above Events of default, other than a Default on Indebtedness, under the heading “Payment Default,” is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving Xxxxxx sends written notice from Lender to Borrower or Grantor, as the case may be, demanding cure of such default: (a1) cures cure the default within fifteen (15) days; or (b2) if the cure requires more than fifteen (15) days, immediately initiates initiate steps which Lender deems in LenderXxxxxx's sole discretion to be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 4 contracts

Samples: Business Loan Agreement (Hancock Park Corporate Income, Inc.), Business Loan Agreement (OFS Capital Corp), Business Loan Agreement (Hancock Park Corporate Income, Inc.)

Right to Cure. If any default, other than a Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender Xxxxxx deems in LenderXxxxxx's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 2 contracts

Samples: Loan Agreement (R B Rubber Products Inc), Business Loan Agreement (Human Pheromone Sciences Inc)

Right to Cure. If any default, other than a Default default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, . has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event BUSINESS LOAN AGREEMENT Loan No: 109080155 (Continued) of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a1) cures cure the default within fifteen (15) days; or (b2) if the cure requires more than fifteen (15) days, immediately initiates initiate steps which Lender deems in Lender's Lenders sole discretion to be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (Rancon Realty Fund V)

Right to Cure. If any default, other than a Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen twenty one (1521) days; or (b) if the cure requires more than fifteen twenty one (1521) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Negative Pledge Agreement (Universal Money Centers Inc)

Right to Cure. If It any default, other than a Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender Xxxxxx deems in LenderXxxxxx's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (Osborne Richard M Trust)

Right to Cure. If any default, other than a Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: ; (a) cures cure the default within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Loan Agreement (Expresspoint Technology Systems Inc)

Right to Cure. If any default, other than a Default default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a1) cures cure the default within fifteen (15) days; or (b2) if the cure Cure requires more than fifteen (15) days, immediately initiates Initiate steps which Lender deems in Lender's sole discretion to be sufficient bx xxxxicient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Loan Agreement (I/Omagic Corp)

Right to Cure. If any default, other than a Default default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving Lender sends written notice from Lender to Borrower or Grantor, as the case may be, demanding cure of such default: (a1) cures cure the default within fifteen (15) daysthe time set forth in the Note; or (b2) if the cure requires more than fifteen (15) daysthe time to cure a default set forth in the Note, immediately initiates initiate steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (Wilhelmina International, Inc.)

Right to Cure. If any default, other than a Default on Indebtednessindebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: ; (a) cures the default within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Security Agreement (Obsidian Enterprises Inc)

Right to Cure. If any default, other than a Default default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving Lxxxxx sends written notice from Lender to Borrower or Grantor, as the case may be, demanding cure of such default: (a1) cures cure the default within fifteen (15) days; or (b2) if the cure requires more than fifteen (15) days, immediately initiates initiate steps which Lender Lxxxxx deems in LenderLxxxxx's sole discretion to be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (FGI Industries Ltd.)

Right to Cure. If any default, other than a Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within with the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within with fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.reasonably

Appears in 1 contract

Samples: Business Loan Agreement (Covalent Partners LLC)

Right to Cure. If any default, other than a Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems Lendxx xxxms in Lender's Lendxx'x sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Hycor Biomedical Inc /De/

Right to Cure. If any default, other than a Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender's sole Lendxx'x xole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.be

Appears in 1 contract

Samples: Fafco Inc

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Right to Cure. If any default, other than a Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sxxx xiscretion xx xx sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Loan Agreement (Fotoball Usa Inc)

Right to Cure. If any default, other than a Default on Indebtednessindebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (American Stone Industries Inc)

Right to Cure. If any default, other than a Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (121 2) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen ten (1510) days; or (b) if If the cure requires more than fifteen ten (1510) days, immediately Immediately initiates steps which Lender deems in Lender's sole discretion to discretxxx xx be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Loan Agreement (Hadron Inc)

Right to Cure. If any default, other than a Default on Indebtedness, is curable and if Borrower or of Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Loan Agreement (Balance Bar Co)

Right to Cure. If any default, other than a Default on Indebtedness, is curable and if Borrower or GrantorGuarantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or GrantorGuarantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (Blue Fish Clothing Inc)

Right to Cure. If any default, other than a Default default on IndebtednessIndebtedness which shall not be so considered a default unless not paid within five (5) business days of when due, is curable and if Borrower or Grantor, as the case may be, Grantor has not been given a prior notice of a similar default breach of the same provision of this Agreement within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving Lender sends written notice from Lender demanding cure of such default: , (a) cures the default within fifteen (15) days; or (b) ), if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender's ’s sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (Pet DRx CORP)

Right to Cure. If any default, other than a Default on Indebtednessindebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen thirty (1530) days; or (b) if the cure requires more than fifteen thirty (1530) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Loan Agreement (Ion Networks Inc)

Right to Cure. If any default, other than a Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen (15) days; or (b) if it the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Loan Agreement (Orphan Medical Inc)

Right to Cure. If any default, other than a Default default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (121 2) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a1) cures cure the default within fifteen (151 5) days; or (b2) if the cure requires more than fifteen (151 5) days, immediately initiates initiate steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Loan Agreement (Naco Industries Inc)

Right to Cure. If any default, other than a Default on Indebtednessindebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Loan Agreement (United Medicorp Inc)

Right to Cure. If any default, other than a Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen twenty (1520) days; or (b) if the cure requires more than fifteen twenty (1520) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.. BUSINESS LOAN AGREEMENT (CONTINUED)

Appears in 1 contract

Samples: Transcrypt International Inc

Right to Cure. If any default, other than a Default default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving Lxxxxx sends written notice from Lender to Borrower or Grantor, as the case may be, demanding cure of such default: (a1) cures cure the default within fifteen (15) days; or (b2) if the cure requires more than fifteen (15) days, immediately initiates initiate steps which Lender Lxxxxx deems in Lender's Lxxxxx’s sole discretion to be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (Eaco Corp)

Right to Cure. If any default, default other than a Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, Grantor as the case may be, be after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen (15) days; days or (b) if It the cure requires more than fifteen (15) days, days immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Loan Agreement (RVM Industries Inc)

Right to Cure. If any default, other than a Default default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12112) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a1) cures cure the default within fifteen (15r15) days; or (b2) if the cure requires more than fifteen (15) days, immediately initiates initiate steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Business Loan Agreement (Dynasil Corp of America)

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