Rights to Cure Defaults. Upon the occurrence and during the continuance of any Event of Default, Lender may, but without any obligation to do so and without notice to or demand on Borrower and without releasing Borrower from any obligation hereunder or any other Loan Party from any obligation under any other Loan Document, make any payment or do any act required of Borrower hereunder in such manner and to such extent as Lender may deem reasonably necessary to protect the security hereof. All such costs and expenses incurred by Lender in remedying such Event of Default or such failed payment or act or in appearing in, defending, or bringing any action or proceeding shall bear interest at the Default Rate, for the period after notice from Lender that such cost or expense was incurred to the date of payment to Lender. All such costs and expenses incurred by Lender together with interest thereon calculated at the Default Rate shall be deemed to constitute a portion of the Debt and be secured by the liens, claims and security interests provided to Lender under the Loan Documents and shall be immediately due and payable upon demand by Lender therefor.
Rights to Cure Defaults. In the event either party hereto fails, refuses or neglects to perform an obligation imposed on it pursuant to the terms of this Lease, the other party may, after reasonable notice to the party in default, cure such default. In the event the default is by Tenant, the cost of curing such default shall be paid as additional rent due Landlord hereunder, together with interest on the amount paid by Landlord at the rate of eight percent (8%) per annum ("Default Interest"). In the event the default is by Landlord, the cost of curing such default, together with Default Interest shall be immediately payable to Tenant by Landlord and failure to so pay the same shall be a further default by Landlord pursuant to the terms of this Lease. Tenant may set off the cost of curing the default against future installments of rent due hereunder.
Rights to Cure Defaults. (a) Within two Business days after determining that any Bank Default has occurred, the Borrower will give notice of such Bank Default to the Agent Noteholder. Agent Lender may, but is not obligated to, give notice of any Bank Default to the Agent Noteholder. Although no Noteholder has any obligation to cure any Bank Default, Borrower hereby authorizes each Noteholder to make any such cure, if any Noteholder so elects, and the Banks hereby agree that they will allow such Noteholder to make any such cure on behalf of Borrower, provided such cure is in compliance with the Bank Agreement and does not otherwise cause a Bank Default. The Banks further agree that without the consent of the Agent Noteholder no Bank shall commence or continue any Enforcement Action with respect to any Bank Default until the earlier to occur of (i) the ninetieth (90th) day after the date upon which the Agent Lender receives notice of such Bank Default from the Borrower or the Agent Noteholder (and then only if such Bank Default remains uncured and otherwise continues to exist) and (ii) any acceleration of the TCW Indebtedness or any enforcement by any Noteholder of any Lien upon assets of Borrower in compliance with the terms hereof.
Rights to Cure Defaults. Landlord may, but shall not be obligated to, cure, at any time before Tenant has done so, (a) any default by Tenant under this Lease continuing beyond any applicable grace period and after an additional five (5) days prior written notice (except in the case of emergency) or, (b) in an emergency where notice is not practical, any default by Tenant (but only to the extent reasonably necessary to remedy the emergency situation); and whenever Landlord so elects, all reasonable costs and expenses incurred by Landlord, including reasonable attorneys' fees, in curing a default shall be paid by Tenant to Landlord as Additional Rent on demand, together with interest thereon at the prime commercial rate at The First National Bank of Boston, as adjusted from time to time, plus 2% per annum, from the date of notice of payment by Landlord to the date of payment by Tenant.
Rights to Cure Defaults. (a) Subsection 4(a) of the Amended Agreement is hereby amended by replacing the last sentence of such Subsection 4(a) with the following during the period from the effective date hereof to the later of September 30, 1999 or the date of the cure or waiver of all defaults under the Bank Documents or TCW Documents outstanding on September 30, 1999: "The Banks further agree that without the consent of Agent Noteholder no Bank shall commence or continue any Enforcement Action with respect to any Bank Default until the earlier to occur of (i) the tenth (10th) day after the date upon which the Agent Lender shall deliver a notice of intent to accelerate the Bank Indebtedness (and then only if such Bank Default remains uncured and otherwise continues to exist) and (ii) any acceleration of the TCW Indebtedness or any enforcement by any Noteholder of any Lien upon assets of Borrower or any Related Party in compliance with the terms hereof."
Rights to Cure Defaults. If Lessee fails to perform any of its obligations under this Lease, for a period of thirty (30) days following the receipt of written notification of Lessee's failure to comply herewith, or in the event the correction of such default shall take more than thirty (30) days to complete, then in the event the Lessee should fail to begin the correction of such default within a period of twenty (20) days following the receipt for written notification thereof and shall fail to pursue the correction of such default with due diligence, Lessor may, but shall not be obligated to, cause the performance thereof, and all costs and expenses incurred by Lessor in connection therewith, including without limitation reasonable attorneys' fees, shall be immediately due and payable from Lessee to Lessor, with interest thereon from the time paid by Lessor until Lessor is reimbursed in full by Lessee at a rate of twelve (12%) percent per annum.
