STATUTORY RIGHT TO CURE Clause Samples

The Statutory Right to Cure clause grants a party, typically a contractor or service provider, the legal opportunity to correct or remedy a defect, default, or breach before the other party can pursue further legal action or terminate the contract. In practice, this means that if a problem arises—such as substandard work or missed deadlines—the responsible party must be notified and given a specified period to fix the issue. This clause ensures fairness by allowing parties to address and resolve problems without immediately facing penalties or litigation, thereby reducing disputes and promoting contract completion.
STATUTORY RIGHT TO CURE. Pursuant to Colorado law, Tenant has the right to pay all amounts due prior to a court entering a judgment for possession if ▇▇▇▇▇▇ is being evicted for non-payment of rent. If Tenant exercises Tenant’s statutory right to pay, Landlord only has to accept Tenant’s payment if Tenant fully pays all amounts due according to eviction notice, as well as any rent that remains due under this Agreement. If Tenant exercises ▇▇▇▇▇▇’s right to pay, Tenant agrees to pay in certified funds.
STATUTORY RIGHT TO CURE. Pursuant to Colorado law, Tenant has the right to pay all amounts due prior to a court entering a judgment for possession if ▇▇▇▇▇▇ is being evicted for non- payment of rent. If Tenant exercises Tenant’s statutory right to pay, Landlord only has to accept Tenant’s payment if Tenant fully pays all amounts due according to the eviction notice, as well as any rent that remains due under this Agreement. If Tenant exercises ▇▇▇▇▇▇’s right to pay, Tenant agrees to pay in certified funds at Landlord’s business office during business hours.
STATUTORY RIGHT TO CURE. Pursuant to Colorado law, ▇▇▇▇▇▇ has the right to pay all amounts due prior to a court entering a judgment for possession if ▇▇▇▇▇▇ is being evicted for non-payment of rent. If Tenant exercises Tenant’s statutory right to pay, Landlord only has to accept Tenant’s payment if Tenant fully pays all amounts due according to eviction notice, as well as any rent that remains due under this Agreement. If Tenant exercises ▇▇▇▇▇▇’s right to pay, ▇▇▇▇▇▇ agrees to make payment in certified funds directly to the Landlord as stated in this lease. If Tenant exercises ▇▇▇▇▇▇’s statutory right to pay in response to an eviction notice after the notice has expired and after ▇▇▇▇▇▇▇▇’s attorney has filed an eviction case with a court to enforce Landlord’s legal rights but before the court has entered a judgment for possession, ▇▇▇▇▇▇ agrees to pay Landlord’s current attorney's fees and court costs as set forth in the eviction notice in addition to any other amounts due pursuant to the Lease and all other amounts set forth in the notice. If Landlord files an eviction case and the court determines the possession issue because Tenant disputes the eviction case, attorneys’ fees and costs will be awarded to the prevailing party as determined by the court consistent with the parties’ intent to have attorneys’ fees and court costs awarded to the prevailing party in disputed court actions as set forth in this Agreement.
STATUTORY RIGHT TO CURE. Pursuant to Colorado law, Tenant has the right to pay all amounts due prior to a court entering a judgment for possession if Tenant is being evicted for non-payment of Rent. If Tenant exercises Tenant’s statutory right to pay, Landlord only has to accept Tenant’s payment if Tenant fully pays all amounts due according to eviction notice, as well as any Rent that remains due under this Lease Agreement. If Tenant exercises Tenant’s right to pay, Tenant agrees to [outline process, payment in certified funds, logistics, receipts, etc]. If Tenant exercises Tenant’s statutory right to pay in response to an eviction notice after the notice has expired and after Landlord’s attorney has filed an eviction case with a court to enforce Landlord’s legal rights but before the court has entered a judgment for possession, Tenant agrees to pay Landlord’s current attorney's fees and court costs as set forth in the eviction notice in addition to any other amounts due pursuant to the Lease and all other amounts set forth in the notice. If Landlord files an eviction case and the court determines the possession issue because Tenant disputes the eviction case, attorneys’ fees and costs will be awarded to the prevailing party as determined by the court consistent with the parties’ intent to have attorneys’ fees and court costs awarded to the prevailing party in disputed court actions as set forth in this Lease Agreement.
STATUTORY RIGHT TO CURE. Pursuant to Colorado law, Resident has the right to pay all amounts due prior to a court entering a judgment for possession if Resident is being evicted for non-payment of rent. If Resident exercises Resident’s statutory right to pay, Landlord only has to accept Resident’s payment if Resident fully pays all amounts due according to eviction notice, as well as any rent that remains due under this agreement. If Resident exercises Resident’s right to pay, Resident agrees to pay in certified funds. If Resident exercises Resident’s statutory right to pay in response to an eviction notice after the notice has expired and after ▇▇▇▇▇▇▇▇’s attorney has filed an eviction case with a court to enforce ▇▇▇▇▇▇▇▇’s legal rights but before the court has entered a judgment for possession, Resident agrees to pay Landlord’s current attorney's fees and court costs as set forth in the eviction notice in addition to any other amounts due pursuant to the Lease and all other amounts set forth in the notice. If Landlord files an eviction case and the court determines the possession issue because Resident disputes the eviction case, attorneys’ fees and costs will be awarded to the prevailing party as determined by the court consistent with the parties’ intent to have attorneys’ fees and court costs awarded to the prevailing party in disputed court actions as set forth in this Agreement. A charge of $20.00 shall be made to cover extra costs of handling a returned payment regardless of the reason the payment was not honored by the bank including but not limited to lack of signature or incorrect corresponding dollar ($) amounts and additional charges may also be assessed. Returned payments are considered unpaid rent and therefore subject to evictions, late charges and returned check fees. Thereafter rents must be paid by money order or certified check. Resident(s) may not withhold rent or offset against rent for any reason without the expressed permission of the Landlord or unless permitted by applicable law. If a credit/▇▇▇▇▇ card charge originally authorized by Resident is ultimately disputed by Resident, Resident will be deemed in breach of the Lease Agreement and the full amount of the charge disputed will be deemed due and owing. If an additional person or persons are found to occupy the premises for more than thirty (30) days without the written permission of the Landlord, Resident is in default of the lease and the Landlord may elect to terminate Resident’s tenancy if Resident...
STATUTORY RIGHT TO CURE. Pursuant to Colorado law, Tenant has the right to pay all amounts due prior to a court entering a judgment for possession if ▇▇▇▇▇▇ is being evicted for non-payment of rent. If Tenant exercises Tenant’s statutory right to pay, Landlord only has to accept Tenant’s payment if Tenant fully pays all amounts due according to eviction notice, as well as any rent that remains due under this Agreement. If Tenant exercises ▇▇▇▇▇▇’s right to pay, Tenant agrees to pay in certified funds (cashier’s check, money order, or credit/debit card).

Related to STATUTORY RIGHT TO CURE

  • Right to Cure Notwithstanding anything to the contrary contained in Section 7.01, in the event that the Borrower fails (or, but for the operation of this Section 7.03, would fail) to comply with the requirements of the Financial Covenant, from the last day of the applicable fiscal quarter until the expiration of the 10th Business Day subsequent to the date the certificate calculating such Financial Covenant is required to be delivered pursuant to Section 5.04(c), Holdings, the Borrower and any Parent Entity shall have the right to issue Permitted Cure Securities for cash or otherwise receive cash contributions to the capital of such entities, and in each case, to contribute any such cash to the capital of the Borrower (collectively, the “Cure Right”), and upon the receipt by the Borrower of such cash (the “Cure Amount”), pursuant to the exercise of the Cure Right, the Financial Covenant shall be recalculated giving effect to a pro forma adjustment by which EBITDA shall be increased with respect to such applicable quarter and any four-quarter period that contains such quarter, solely for the purpose of measuring the Financial Covenant and not for any other purpose under this Agreement, by an amount equal to the Cure Amount; provided, that (i) in each four consecutive fiscal quarter period there shall be at least two fiscal quarters in which a Cure Right is not exercised, (ii) a Cure Right shall not be exercised more than five times during the term of the Revolving Facilities, (iii) for purposes of this Section 7.03, the Cure Amount shall be no greater than the amount required for purposes of complying with the Financial Covenant and (iv) there shall be no pro forma reduction in Indebtedness with the proceeds of the exercise of the Cure Right for determining compliance with the Financial Covenant for the fiscal quarter in respect of which such Cure Right is exercised (either directly through prepayment or indirectly as a result of the netting of Unrestricted Cash) (other than, for future periods, with respect to any portion of such Cure Amount that is used to repay Term Loans or to prepay Revolving Facility Loans to the extent accompanied by permanent reductions in Revolving Facility Commitments). If, after giving effect to the adjustments in this Section 7.03, the Borrower shall then be in compliance with the requirements of the Financial Covenant, the Borrower shall be deemed to have satisfied the requirements of the Financial Covenant as of the relevant date of determination with the same effect as though there had been no failure to comply therewith at such date, and the applicable breach or default of the Financial Covenant that had occurred shall be deemed cured for the purposes of this Agreement.