Seller's Cure Rights. 6.04.01 Within 30 days of Seller's receipt of a notice from Buyer of a claim under Article V or a repurchase or indemnity request under this Agreement, Seller shall cure the condition or state of facts giving rise to such claim or if a cure cannot reasonably be completed within such 30 day period, Seller shall have commenced a cure for and hereby agrees to diligently pursue such cure to completion provided, however, Seller may continue to pursue such cure for a reasonable time beyond the 30 day period for so long as Buyer is not required by an Investor to repurchase or indemnify the Investor with respect to the Mortgage Loan which is the subject of the cure. However, if Buyer, pursuant to an Investor request, has to repurchase, indemnify or if Buyer suffers any damages in the meantime, then Seller shall, notwithstanding any cure or cure period, repurchase the Mortgage Loan and otherwise make Buyer whole at the time of Buyer's request.
Seller's Cure Rights. Notwithstanding anything herein to the contrary, in the event of any breach of this Agreement by Seller, the Buyer shall give the Seller written notice of breach and Seller shall have the right to cure such breach until fifteen (15) days following written notice from Buyer before Seller is in default under this Agreement. If the time for Seller to cure such breach extends past the Closing Date, then the Closing Date shall be automatically extended.
Seller's Cure Rights. In the event that Buyer elects not to close the transactions contemplated by this Agreement because any condition precedent under this Article 9 has not been satisfied, and such condition has not been waived, Buyer shall provide Seller with a written notice specifying each such condition precedent that Buyer asserts has not been satisfied. Upon receipt of such written notice, Seller in its sole discretion shall have the right, but not the obligation, to cure any such unsatisfied condition, but only to the extent that Seller can actually cure such unsatisfied condition. In the event that Seller has completed said cure and caused such conditions to be satisfied in accordance with this Article 9 within twenty (20) days after receiving such written notice from Buyer (or such shorter cure period as applicable to Sections 9.1—9.3 under Article 12), then Buyer shall be required to close the transactions herein contemplated; provided, however, that in the event that any condition shall have been cured by Seller before the termination of the applicable cure-period, then at the election of Buyer, the Closing Date shall be extended by the number of days actually elapsed before the completion of said cure.
Seller's Cure Rights. If Purchaser has raised any Purchaser's Objections on or prior to the Contingency Termination Date but has declined to terminate the Escrow, Seller shall have the right (but not the obligation), to be exercised within five (5) business days of receipt of Purchaser's notice, to notify Purchaser in writing that it intends to cure any such disapproved matter. Failure of Seller to deliver a written notice to Purchaser that it intends to cure any of Purchaser's Objection(s) within such five (5) day period shall constitute Seller's refusal to cure such matter(s). Purchaser shall thereupon have three (3) business days in which to notify Escrow Holder and Seller in writing that Purchaser waives its previous disapproval. Failure to provide such notice shall constitute Purchaser's unwillingness to waive such disapproved matter, Escrow shall thereupon automatically terminate, and neither party shall have any further liability or obligation to the other except as regards the release of the Deposit, Purchaser's obligation for its share of Escrow termination costs, Purchaser's indemnification obligations set forth in Section 5(b)(1) above and Purchaser's confidentiality obligations set forth in Section 26 below. If Seller has elected to cure any matter disapproved by Purchaser, Seller shall thereupon commence to cure such matter, and shall have until the Close of Escrow to cure such matter to Purchaser's reasonable satisfaction. In the event that Seller provides written notice stating Seller's intention to cure any of Purchaser's Objection(s) and Seller fails to cure such matter on or before the scheduled Close of Escrow, Purchaser shall have the right by providing written notice within three (3) days after the scheduled Close of Escrow to either (i) waive such Purchaser's Objection, or (ii) terminate the Escrow. In the event that Purchaser fails to provide said written notice of termination or waiver within said three (3) day period, the Escrow shall terminate as provided above.
