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 Xxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten (10) days; or (2) if the cure requires more than ten (10) days, immediately initiate steps which Lender deems in Xxxxxx’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
Samples: Business Loan Agreement (Asset Based) (Mammoth Energy Partners LP), Business Loan Agreement (Asset Based) (Mammoth Energy Partners LP), Business Loan Agreement (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 if Borrower or Grantor, as the case may be, after Xxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender Xxxxxx deems in Xxxxxx’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 3 contracts
Samples: Business Loan Agreement (Eaco Corp), Business Loan Agreement (Evans & Sutherland Computer Corp), Business Loan Agreement (Signature Group 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 Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten twenty (1020) days; or (2) if the cure requires more than ten twenty (1020) days, immediately initiate steps which Lender Xxxxxx deems in Xxxxxx’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
Samples: 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 if Borrower or Grantor, as the case may be, after Xxxxxx Lender sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten thirty (1030) days; or (2) if the cure requires more than ten thirty (1030) days, immediately initiate steps which Lender deems in Xxxxxx’s 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
Samples: Construction Loan Agreement (Applied Optoelectronics, Inc.), Business Loan Agreement (Applied Optoelectronics, Inc.), Business Loan Agreement (Applied Optoelectronics, 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 Xxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten (10) days; or (2) if the cure requires more than ten (10) days, immediately initiate steps which Lender Xxxxxx deems in Xxxxxx’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
Samples: 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 if Borrower or Grantor, as the case may be, after Xxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten thirty (1030) days; or (2) if the cure requires more than ten thirty (1030) days, immediately initiate steps which Lender Xxxxxx deems in Xxxxxx’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
Samples: 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 Xxxxxx Lender sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender deems in Xxxxxx’s 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
Samples: 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 Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten (10) days; or (2) if the cure requires more than ten (10) days, immediately initiate steps which Lender deems in Xxxxxx’s 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
Samples: 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 (and not Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: ; (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender deems in Xxxxxx’s 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
Samples: Business Loan Agreement (Ideal Accents Inc), Business Loan Agreement (Ideal Accents 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 Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender deems in Xxxxxx’s 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
Samples: Business Loan Agreement (Topaz Group Inc), Business Loan Agreement (William Lyon Homes)
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 Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten (10) days; or (2) if the cure requires more than ten (10) days, immediately initiate steps which Lender deems in XxxxxxLender’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
Samples: 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 (and not Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten (10) days; or (2) if the cure requires more than ten (10) days, immediately initiate steps which Lender deems in Xxxxxx’s 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
Samples: 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 not Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: ; (1) cure the default within ten (10) days; or (2) if the cure requires more than ten (10) days, immediately initiate steps which Lender deems in Xxxxxx’s 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
Samples: Business Loan Agreement (Ideal Accents Inc), Business Loan Agreement (Ideal Accents 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 Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten thirty (1030) days; or (2) if the cure requires more than ten thirty (1030) days, immediately initiate steps which Lender deems in Xxxxxx’s 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
Samples: 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 Xxxxxx Lxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender Lxxxxx deems in Xxxxxx’s Lxxxxx'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
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 Xxxxxx Lender sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender deems in XxxxxxLender’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. Change in Ownership. Any change in ownership of twenty-five percent (25%) or more of the membership interest.
Appears in 1 contract
Samples: Business Loan Agreement (Crimson Forest Entertainment Group 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 Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender Xxxxxx deems in Xxxxxx’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
Samples: Business Loan Agreement (Asset Based) (Versant 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 Xxxxxx Lender sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender deems in Xxxxxx’s 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
Samples: Business Loan Agreement (Eaco 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 (an no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender deems in Xxxxxx’s 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
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 Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: default (1) cure the default within ten (10) days; or (2) if the cure requires more than ten (10) days, immediately initiate steps which Lender deems in Xxxxxx’s 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
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 Xxxxxx Lender sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten twenty (1020) days; or (( 2) if the cure requires more than ten twenty (1020) days, immediately initiate steps which Lender deems in Xxxxxx’s 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
Samples: Business Loan Agreement (Tandy Leather Factory 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 Xxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately . Immediately initiate steps which Lender Xxxxxx deems in Xxxxxx’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
Right to Cure. If any default, other than a default on Indebtedness, is curable and if it 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 Xxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender Xxxxxx deems in Xxxxxx’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
Samples: Change in Terms Agreement (Titan Energy Worldwide, Inc.)
Right to Cure. If any default, other than a default on in 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 Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate initiates steps which Lender deems in Xxxxxx’s 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
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 Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1a) cure cures the default within ten (10) daysfifteen(15)days; or (2b) if the cure requires more than ten fifteen (1015) days, immediately initiate initiates steps which Lender deems in Xxxxxx’s 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
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 Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: default (1a) cure the default within ten thirty (1030) days; : or (2b) if the cure requires more than ten thirty (1030) days, immediately initiate steps which Lender deems in Xxxxxx’s 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
Samples: Business Loan Agreement (Flotek Industries Inc/Cn/)
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 Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten (10) days; or (2) if the cure requires more than ten (10) days, immediately initiate steps which Lender deems in Xxxxxx’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
Samples: 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 Xxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender Xxxxxx deems in Xxxxxx’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
Samples: Business Loan Agreement (Lodging Fund REIT III, 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 Xxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten (10) days; or (2) if the cure requires more than ten (10) days, immediately initiate steps which Lender deems in Xxxxxx’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
Samples: Business Loan Agreement (Addvantage Technologies 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 Xxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure cures the default within ten (10) days; or (2) if the cure requires more than ten (10) days, immediately initiate initiates steps which Lender deems in Xxxxxx’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
Samples: Business Loan Agreement (Western Capital Resources, 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 Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten (10) days; or (2) if the cure requires more than ten (10) days, immediately initiate steps which Lender deems in Xxxxxx’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
Samples: Business Loan Agreement (Avid Sportswear & Golf 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 Xxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten twenty (1020) days; or (2) if the cure requires more than ten twenty (1020) days, immediately initiate steps which Lender Xxxxxx deems in Xxxxxx’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
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 Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender deems in Xxxxxx’s 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 practicalpracticable.
Appears in 1 contract
Samples: Construction Loan Agreement (Husker Ag Processing LLC)
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 Xxxxxx Lender sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender deems in Xxxxxx’s 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
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 Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten twenty (1020) days; or (2) if the cure requires more than ten twenty (1020) days, immediately initiate steps which Lender deems in Xxxxxx’s Lender's sole discretion to be xx 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
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, be after Xxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender deems in Xxxxxx’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
Samples: Business Loan Agreement (Innsuites Hospitality 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 (12112) months, it may be cured land no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (111) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten (10) fifteen 1151 days, immediately initiate steps which Lender Xxxxxx deems in Xxxxxx’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
Right to Cure. If any default, other than a default on Indebtedness, is curable and if Borrower or Grantor, Granter. 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 GrantorGranter, as the case may be, after Xxxxxx Lxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender deems in XxxxxxLender’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
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 Xxxxxx Lxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender Lxxxxx deems in XxxxxxLxxxxx’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.
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Samples: Business Loan Agreement (Eaco 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 GrantorGranter, as the case may be, after Xxxxxx Lender sends written notice to Borrower or GrantorGranter, as the case may be, demanding cure of such default: (1) cure the default within ten (10) days; or (2) if the cure requires more than ten (10) days, immediately initiate steps which Lender deems in Xxxxxx’s 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
Samples: Business Loan Agreement (Asset Based) (Addvantage Technologies Group 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 Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1a) cure cures the default within ten one (101) days; or (2b) if the cure requires more than ten one (101) days, immediately initiate initiates steps which Lender deems in Xxxxxx’s 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.
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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 Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten (10) days; or (2) if the cure requires more than ten (10) days, immediately initiate steps which Lender deems in Xxxxxx’s 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.
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Right to Cure. If any default, other than a default on Indebtednessindebtedness, is curable and if 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 If Borrower or Grantor, as the case may be, after Xxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately Immediately initiate steps which Lender deems in Xxxxxx’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
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 ha snot 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, be after Xxxxxx Lender sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender deems in XxxxxxLender’s sole discretion to o be sufficient to cure the default and thereafter continue and complete all reasonable and necessary steps sufficient to produce product compliance as soon as reasonably practical.
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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 Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten twenty (1020) days; or (2) if the cure requires more than ten twenty (1020) days, immediately initiate steps which Lender deems in Xxxxxx’s 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
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 Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten twenty (1020) days; or (2) if the cure requires more than ten twenty (1020) days, immediately initiate steps which Lender deems in Xxxxxx’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
Samples: 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 Xxxxxx Lxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten twenty (1020) days; or (2) if the cure requires more than ten twenty (1020) days, immediately initiate steps which Lender Lxxxxx deems in XxxxxxLxxxxx’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
Samples: Business Loan Agreement (Where Food Comes From, 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 Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender deems in XxxxxxLender’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
Samples: 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 (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (( 1) cure the default within ten fifteen (1015) days; or (2) if the cure requires more than ten fifteen (1015) days, immediately initiate steps which Lender deems in Xxxxxx’s Lender's sole discretion to discretixx xx 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
Samples: Business Loan Agreement (Category 5 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 Xxxxxx sends written notice to Borrower or Grantor, as the case may be, demanding cure of such default: (1) cure the default within ten thirty (1030) days; or (2) if the cure requires more than ten thirty (1030) days, immediately initiate steps which Lender Xxxxxx deems in Xxxxxx’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
Samples: Business Loan Agreement (Innsuites Hospitality 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 land no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after Xxxxxx sends alter receiving written notice to Borrower or Grantor, as the case may be, from Lender demanding cure of such default: (1) cure the default within ten twenty (1020) days; or (2) if the cure requires more than ten twenty (1020) days, immediately initiate steps which Lender Xxxxxx deems in Xxxxxx’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
Samples: Business Loan Agreement (Black Mountain Holdings, Inc.)