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 if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate steps which Lender deems in Lender’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 8 contracts

Sources: Negative Pledge Agreement, Business Loan Agreement (Super Vision International Inc), Business Loan Agreement (Landec Corp \Ca\)

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 if Borrower or Grantor, as the case may be, after receiving ▇▇▇▇▇▇ sends written notice from Lender to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate steps which Lender ▇▇▇▇▇▇ deems in Lender▇▇▇▇▇▇’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 7 contracts

Sources: 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 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 if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen ten (1510) days; or (2) if the cure requires more than fifteen ten (1510) days, immediately initiate steps which Lender deems in Lender’s 's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 6 contracts

Sources: Business Loan Agreement (Elecsys Corp), Business Loan Agreement (Champion Industries Inc), Business Loan Agreement (Pipex Pharmaceuticals, 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 if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate steps which Lender ▇▇▇▇▇▇ deems in Lender’s ▇▇▇▇▇▇'s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 6 contracts

Sources: Business Loan Agreement (Siena Technologies, Inc.), Business Loan Agreement (Baywood International Inc), Business Loan Agreement (Rubios Restaurants 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 if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate steps which Lender ▇▇▇▇▇▇ deems in Lender▇▇▇▇▇▇’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 5 contracts

Sources: Business Loan Agreement (Eaco Corp), Business Loan Agreement (Eaco Corp), Negative Pledge Agreement (Centennial Bank 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 if Borrower or Grantor, as the case may be, after receiving ▇▇▇▇▇▇ sends written notice from Lender to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within fifteen ten (1510) days; or (2) if the cure requires more than fifteen ten (1510) days, immediately initiate steps which Lender deems in Lender▇▇▇▇▇▇’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 4 contracts

Sources: Business Loan Agreement (Asset Based) (Mammoth Energy Partners LP), Business Loan Agreement (Mammoth Energy Partners LP), Business Loan Agreement (Asset Based) (Mammoth Energy Partners LP)

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: (1) cure the default within fifteen thirty (1530) days; or (2) if the cure requires more than fifteen thirty (1530) days, immediately initiate steps which Lender deems in Lender’s 's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 4 contracts

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

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 if Borrower or Grantor, as the case may be, after receiving ▇▇▇▇▇▇ sends written notice from Lender to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate steps which Lender ▇▇▇▇▇▇ deems in Lender’s ▇▇▇▇▇▇'s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 4 contracts

Sources: Business Loan Agreement (Heritage Global Inc.), Business Loan Agreement (Eaco Corp), Business Loan Agreement (Evans & Sutherland Computer Corp)

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 if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen twenty (1520) days; or (2) if the cure requires more than fifteen twenty (1520) days, immediately initiate steps which Lender ▇▇▇▇▇▇ deems in Lender▇▇▇▇▇▇’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 3 contracts

Sources: Business Loan Agreement (Arts Way Manufacturing Co Inc), Business Loan Agreement (Arts Way Manufacturing Co Inc), Business Loan Agreement (Arts Way Manufacturing Co 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: (1) cure the default within fifteen ten (1510) days; or (2) if the cure requires more than fifteen ten (1510) days, immediately initiate steps which Lender deems in Lender’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 2 contracts

Sources: Business Loan Agreement (Flotek Industries Inc/Cn/), Business Loan Agreement (Champion 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 (12) months, it may be cured if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate steps which Lender deems in Lender’s sole 's ▇▇▇▇ discretion to be sufficient t▇ ▇▇ ▇ufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 2 contracts

Sources: Business Loan Agreement (Dynasil Corp of America), Business Loan Agreement (Dynasil Corp of America)

Right to Cure. If any default, other than a default in payment on Indebtedness, the Obligations is curable and if a 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 such default may be cured if Borrower or Grantor, as the case may bea Borrower, after receiving written notice from Lender demanding cure of such default: (1a) cure cures the default within fifteen (15) days; or (2b) if the cure requires more than fifteen (15) days, immediately initiate initiates steps which Lender deems Lender, in Lender’s its sole discretion discretion, determines to be sufficient to cure the default and thereafter continue continues and complete completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 2 contracts

Sources: Master Loan Agreement (Air T Inc), Master Loan Agreement (Air T 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 if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen thirty (1530) days; or (2) if the cure requires more than fifteen thirty (1530) days, immediately initiate steps which Lender deems in Lender’s 's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 2 contracts

Sources: Business Loan Agreement (Macc Private Equities Inc), Business Loan Agreement (Dewey Electronics Corp)

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 if Borrower or Grantor. as the case may be, after ▇▇▇▇▇▇ sends written notice to Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen ten (1510) days; or (2) if the cure requires more than fifteen ten (1510) days, immediately initiate steps which Lender ▇▇▇▇▇▇ deems in Lender▇▇▇▇▇▇’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 2 contracts

Sources: Business Loan Agreement (Asset Based) (Mammoth Energy Partners LP), Business Loan Agreement (Asset Based) (Mammoth Energy Partners LP)

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 not 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: (1) cure the default within fifteen ten (1510) days; or (2) if the cure requires more than fifteen ten (1510) days, immediately initiate steps which Lender deems in Lender’s 's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 2 contracts

Sources: Business Loan Agreement (Ideal Accents Inc), Business Loan Agreement (Ideal Accents 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: (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate steps which Lender deems in Lender’s 's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 2 contracts

Sources: Business Loan Agreement (Ogden Golf Co Corp), Business Loan Agreement (Ogden Golf Co Corp)

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: (1) cure the default within fifteen ten (1510) days; or (2) if the cure requires more than fifteen ten (1510) days, immediately initiate steps which Lender deems in Lender’s 's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 2 contracts

Sources: Business Loan Agreement (Integrated Packaging Assembly Corp), Business Loan Agreement (Coeur D Alenes Co /Ia/)

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 if Borrower or Grantor, as the case may be, after receiving ▇▇▇▇▇▇ sends written notice from Lender to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within fifteen thirty (1530) days; or (2) if the cure requires more than fifteen thirty (1530) days, immediately initiate steps which Lender ▇▇▇▇▇▇ deems in Lender’s ▇▇▇▇▇▇'s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 2 contracts

Sources: Business Loan Agreement (Ames National Corp), Business Loan Agreement (IMH Financial Corp)

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 if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: default (1) cure the default within fifteen (15thirty'(30) days; or (2) if the cure requires more than fifteen thirty (1530) days, immediately initiate steps which Lender deems in Lender’s 's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 2 contracts

Sources: Construction Loan Agreement, Construction Loan Agreement

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 not 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: ; (1) cure the default within fifteen ten (1510) days; or (2) if the cure requires more than fifteen ten (1510) days, immediately initiate steps which Lender deems in Lender’s 's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 2 contracts

Sources: Business Loan Agreement (Ideal Accents Inc), Business Loan Agreement (Ideal Accents 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 if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen twenty (1520) days; or (2) if the cure requires more than fifteen twenty (1520) days, immediately initiate steps which Lender deems in Lender’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 2 contracts

Sources: Business Loan Agreement (Asset Based) (Willdan Group, Inc.), Business Loan Agreement (Willdan Group, 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 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: (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate steps which Lender deems in Lender’s 's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 2 contracts

Sources: Business Loan Agreement (Heritage Global Inc.), Business Loan Agreement (Heritage Global 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: (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate steps which Lender deems in Lender’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Niku Corp)

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 if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate steps which Lender deems in In Lender’s 's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Home Bancshares 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 if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: default (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate steps which Lender L▇▇▇▇▇ deems in LenderL▇▇▇▇▇’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Homeland Energy Solutions 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 if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen ten (1510) days; , or (2) if the cure requires more than fifteen ten (1510) days, immediately initiate steps which Lender deems in Lender’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Granite City Food & Brewery 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 the preceding twelve (12) months, it may be cured if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen thirty (1530) days; or (2) if the cure requires more than fifteen thirty (1530) days, immediately initiate steps which Lender ▇▇▇▇▇▇ deems in Lender▇▇▇▇▇▇’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Liberator Medical 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 if Borrower or Grantor, as the case may be after ▇▇▇▇▇▇ sends written notice to Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate steps which Lender deems in Lender▇▇▇▇▇▇’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Innsuites Hospitality Trust)

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 . It may be cured if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: default (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate steps which Lender deems in Lender’s 's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practicalpracticable.

Appears in 1 contract

Sources: Business Loan Agreement (Community First Bancorp 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 if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate steps which Lender deems in Lender’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Broadway Financial Corp \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 if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen ten (1510) days; or (2) if the cure requires more than fifteen ten (1510) days, immediately initiate steps which Lender deems in Lender’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Elecsys Corp)

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 if Borrower or Grantor, as the case may be, after receiving ▇▇▇▇▇▇ sends written notice from Lender to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within fifteen twenty (1520) days; or (2) if the cure requires more than fifteen twenty (1520) days, immediately initiate steps which Lender ▇▇▇▇▇▇ deems in Lender▇▇▇▇▇▇’s sole reasonable discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (LiveOne, 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 land no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after alter receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen twenty (1520) days; or (2) if the cure requires more than fifteen twenty (1520) days, immediately initiate steps which Lender ▇▇▇▇▇▇ deems in Lender’s sole ▇▇▇▇▇▇'s sale discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Black Mountain Holdings, Inc.)

Right to Cure. If any default, other than a default on Indebtednesspayment default, is curable and if Borrower or Grantoreither Guarantor, 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 if Borrower or Grantora Guarantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen twenty (1520) days; or (2) if the cure requires more than fifteen twenty (1520) days, immediately initiate initiates steps which Lender deems in Lender’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Arts Way Manufacturing Co 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 if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate steps which Lender ▇▇▇▇▇▇ deems in Lender▇▇▇▇▇▇’s sole sale discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical. Break Other Promises. I break any promise made to Lender or fail to perform promptly at the time and strictly in the manner provided in this Note or in any agreement related to this Note, or in any other agreement or loan I have with Lender.

Appears in 1 contract

Sources: Business Loan Agreement (Next Inc/Tn)

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 if Borrower or Grantor, as the case may be, after receiving written ▇▇ ▇▇▇▇▇ notice from Lender demanding cure of such default: (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate steps which Lender deems in Lender’s ’ s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Shells Seafood Restaurants Inc)

Right to Cure. If any default, other than then 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 It may be cured if If Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate Initiate steps which Lender deems in In Lender’s 's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Change in Terms Agreement (Powin Corp)

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 if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15l5) days, immediately initiate steps which Lender deems in Lender’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Ddi Corp)

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 if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen thirty (1530) days; or (2) if the cure requires more than fifteen thirty (1530) days, immediately initiate steps which Lender ▇▇▇▇▇▇ deems in Lender’s ▇▇▇▇▇▇'s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Pacifichealth Laboratories 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, 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: (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate steps which Lender ▇▇▇▇▇▇ deems in Lender’s sole ▇▇▇▇▇▇'s safe discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to (?) produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Asset Based) (Versant 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 such default may be cured if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: default (1) cure the cures such default within fifteen thirty (1530) days; or (2) if the cure of such default requires more than fifteen thirty (1530) days, immediately initiate initiates steps which that Lender deems in Lender’s 's sole discretion to be sufficient to cure the such default and thereafter continue diligently continues and complete completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Belvedere SoCal)

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) monthsone month, it may be cured if Borrower or Grantor, as the case may be, after receiving ▇▇▇▇▇▇ sends written notice from Lender to Borrower or Grantor, as the case may be, demanding cure of such default: default (1) cure the default within fifteen (15) 30 days; or (2) if the cure requires more than fifteen (15) 30 days, immediately initiate steps which Lender ▇▇▇▇▇▇ deems in Lender▇▇▇▇▇▇’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Isecuretrac Corp)

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 if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate steps which Lender deems in Lender’s 's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably reasonable practical.

Appears in 1 contract

Sources: Business Loan Agreement (Petmed Express 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 if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: ; (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate steps which Lender deems in Lender’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Uroplasty 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: (1) cure the default within fifteen thirty (1530) days; or (2) if the cure requires more than fifteen thirty (1530) days, immediately initiate steps which Lender deems in Lender’s 's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Stronghold Technologies 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 if Borrower or Grantor, as the case may be, after receiving written notice notices from Lender demanding cure of such default: (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate steps which Lender deems in Lender’s sole discretion to be sufficient to cure the default and thereafter therefore continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (RBC Life Sciences, 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 if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: ; (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, days immediately initiate steps which Lender deems in Lender’s 's sole discretion to be sufficient to cure t▇ ▇▇▇▇ the default def▇▇▇▇ and thereafter continue and complete all reasonable and necessary steps stops sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Loan Agreement (Ironclad Performance Wear Corp)

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: (1) cure the default within fifteen twenty (1520) days; or (2) if the cure requires more than fifteen twenty (1520) days, immediately initiate steps which Lender deems in Lender’s 's sole discretion to be ▇▇ sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Promissory Note (Eldorado Artesian Springs 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 if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen ten (1510) days; or (2) if the cure requires more than fifteen ten (1510) days, immediately initiate steps which Lender deems in Lender’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Super Micro Computer, 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, be has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate steps which Lender deems in Lender’s 's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Ironclad Performance Wear Corp)

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: (1) cure the default within fifteen twenty (1520) days; or (2) if the cure requires more than fifteen twenty (1520) days, immediately initiate steps which Lender deems in Lender’s ▇▇▇▇▇▇'s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Arts Way Manufacturing Co Inc)

Right to Cure. If any default, other than a default on Indebtedness, is 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 if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen (15) days; or (2) if the cure requires more than then fifteen (15115) days, immediately initiate steps which Lender ▇▇▇▇▇▇ deems in Lender’s ▇▇▇▇▇▇'s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Change in Terms Agreement (Powin Corp)

Right to Cure. If any default, other than a default on Indebtednessin payment, is curable curable, and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default breach of the same provision of the Loan within the preceding twelve (12) 12 months, it such default may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may beBorrower, after receiving written notice from Lender demanding cure of such default: such; (1) cure cures the default within fifteen (15) 15 days; or (2) if the cure requires more than fifteen (15) days, 15 days immediately initiate initiates steps which Lender deems deems, in Lender’s sole discretion discretion, to be sufficient to cure the default default, and thereafter continue continues and complete completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Credit Agreement (Husker Ag 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 if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen ten (1510) days; or (2) if the cure requires more than fifteen ten (1510) days, immediately initiate steps which Lender ▇▇▇▇▇▇ deems in Lender’s ▇▇▇▇▇▇'s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Elecsys Corp)

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 if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate steps which Lender L▇▇▇▇▇ deems in LenderL▇▇▇▇▇’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (AeroVironment 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) 12 months, it may be cured if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure cures the default within fifteen (15) 15 days; or (2) if the cure requires more than fifteen (15) 15 days, immediately initiate steps which Lender deems in Lender’s sole discretion to be sufficient to cure the default and thereafter continue continues and complete completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan and Security Agreement (Iridex Corp)

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 es the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate steps which Lender ▇▇▇▇▇▇ deems in Lender▇▇▇▇▇▇’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement

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 if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate steps which Lender deems in Lender’s ▇▇▇▇▇r's sole discretion d▇▇▇▇▇▇ion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Oakridge 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: default (1) cure the default within fifteen ten (1510) days; or (2) if the cure requires more than fifteen ten (1510) days, immediately initiate steps which Lender deems in Lender’s 's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Champion 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 (12) months, months it may be cured if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen (151 5) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate steps which Lender deems in Lender’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Dynamic Health Products 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 if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate steps which Lender ▇▇▇▇▇▇ deems in Lender▇▇▇▇▇▇’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (U.S. Auto Parts 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, be has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate steps which Lender ▇▇▇▇▇▇ deems in Lender▇▇▇▇▇▇’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (U.S. Auto Parts Network, Inc.)

Right to Cure. If It any default, other than a default on Indebtednessindebtedness, is curable and if Borrower or Grantor, . as the case may be, be has not been given a live notice of a similar default within the preceding twelve (12) months, months it may be cured if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: default (1) cure the default within fifteen (15) days; : or (2) if it the cure requires more than fifteen (15) days, immediately initiate steps which Lender deems in Lender’s 's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary necessary; steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Marketing Worldwide Corp)

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 twenty-four (1224) months, it may be cured if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate steps which Lender deems in Lender’s 's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Commercial Security Agreement (Pyramid Breweries 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 if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen ten (1510) days; days or (2) if the cure requires more than fifteen ten (1510) days, immediately initiate steps which Lender deems in Lender’s 's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Elecsys Corp)

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 if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen twenty (1520) days; or (2) if the cure requires more than fifteen twenty (1520) days, immediately initiate steps which Lender ▇▇▇▇▇▇ deems in Lender’s sole ▇▇▇▇▇▇'s sale discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Black Mountain 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 (12112) months, it may be cured if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: ; (1) cure the default within fifteen (151 5) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate steps which Lender deems in Lender’s 's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Oragenics 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: (1) cure the default within fifteen twenty (1520) days; or (2) if the cure requires more than fifteen twenty (1520) days, immediately initiate steps which Lender deems in Lender’s 's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Asa International 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 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: (1) cure the default within fifteen ten (1510) days; or (2) if the cure requires more than fifteen ten (1510) days, immediately initiate steps which Lender deems in Lender’s Lenders sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Change in Terms Agreement (Integrated Packaging Assembly Corp)

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 if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen twenty (1520) days; or (2) if the cure requires more than fifteen twenty (1520) days, immediately initiate steps which Lender deems in Lender’s 's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Asa International LTD)

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 if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate steps which Lender ▇▇▇▇▇▇ deems in Lender▇▇▇▇▇▇’s sole sold discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Prospect Acquisition Corp)

Right to Cure. If any default, other than a default on Indebtedness, Indebtedness is curable and if Borrower or Grantor, as the case may be, has not been bean 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: (1) cure the default within fifteen ten (1510) days; or (2) if the cure requires more than fifteen ten (1510) days, immediately initiate steps which Lender deems in Lender’s 's sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Change in Terms Agreement (Phone1globalwide 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 if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen ten (1510) days; or (2) if the cure requires more than fifteen ten (1510) days, immediately initiate steps which Lender ▇▇▇▇▇▇ deems in Lender▇▇▇▇▇▇’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Super Micro Computer, 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 if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (1) cure the default within fifteen twenty (1520) days; or (2) if the cure requires more than fifteen twenty (1520) days, immediately initiate steps which Lender ▇▇▇▇▇▇ deems in Lender’s ▇▇▇▇▇▇'s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Sielox 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 if Borrower or Grantor, as the case may be, after receiving ▇▇▇▇▇▇ sends written notice from Lender to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately . Immediately initiate steps which Lender ▇▇▇▇▇▇ deems in Lender▇▇▇▇▇▇’s sole discretion to be sufficient to cure the default and end thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (First Light Bancorp)

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 if Borrower or Grantor, as the case may be, after receiving L▇▇▇▇▇ sends written notice from Lender to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiate steps which Lender L▇▇▇▇▇ deems in LenderL▇▇▇▇▇’s sole discretion to be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Sources: Business Loan Agreement (Amrep Corp.)