Common use of Time to Cure Clause in Contracts

Time to Cure. In the event either party fails to perform any of either his or its respective obligations hereunder and if such failure would otherwise constitute a default under this agreement, the non-defaulting party shall give written notice specifying such obligations to the defaulting party who shall have five (5) business days after receipt of such notice to cure the specified default; PROVIDED that an action or failure to act that constitutes a default and that has been described with reasonable particularity may not be cured more than once.

Appears in 4 contracts

Samples: Employment Agreement (Office Centre Corp), Employment Agreement (Office Centre Corp), Employment Agreement (Office Centre Corp)

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Time to Cure. In Except as otherwise provided herein, in the event either party fails to perform any of either his or its respective obligations hereunder and if such failure would otherwise constitute a default under this agreement, the non-defaulting party shall give written notice specifying such obligations to the defaulting party who shall have five ten (510) business days after receipt of such notice to cure the specified default; PROVIDED that an action or failure to act that constitutes a default and that has been described with reasonable particularity may not be cured more than once.

Appears in 1 contract

Samples: Employment Agreement (Office Centre Corp)

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