Common use of Xxxxx Periods Clause in Contracts

Xxxxx Periods. Grace Period" means the number of calendar days after City gives notice in accordance with Section 28. If a Default involves Licensee's obligation to pay money, the applicable Grace Period shall be 10 days. If a Default involves the performance or non-performance of an act, or the occurrence or non-occurrence of an event or circumstance, the Grace Period shall be 30 days; provided that if the nature of the Default is such that it cannot reasonably be cured within 30 days, then City shall not pursue its Default remedies if Licensee commences the cure within 30 days and diligently pursues the same to completion within 90 days. Notwithstanding the foregoing, there shall be no Grace Period applicable to a Default based upon a breach of a representation or warranty of Licensee, or in the breach of Licensee's covenant to maintain insurance.

Xxxxx Periods. Grace Period" means the number of calendar days after City gives notice in accordance with Section 2817. If a Default involves LicenseeDeveloper's obligation to pay money, the applicable Grace Period shall be 10 days. If a Default involves the performance or non-performance of an act, or the occurrence or non-occurrence of an event or circumstance, the Grace Period shall be 30 days; provided that if the nature of the Default is such that it cannot reasonably be cured within 30 days, then City shall not pursue its Default remedies if Licensee Developer commences the cure within 30 days and diligently pursues the same to completion within 90 days. Notwithstanding the foregoing, there shall be no Grace Period applicable to a Default based upon a breach of a representation or warranty of LicenseeDeveloper, or in the breach of LicenseeDeveloper's covenant to maintain insurance.

Xxxxx Periods. Grace Period" means the number of calendar days after City gives notice in accordance with Section 28. If a Default involves Licensee's obligation to pay money, the applicable Grace Period shall be 10 days. If a Default involves the performance or non-performance of an act, or the occurrence or non-occurrence of an event or circumstance, the Grace Period shall be 30 days; provided that if the nature of the Default is such that it cannot reasonably be cured within 30 days, then City shall not pursue its Default remedies if Licensee commences the cure within 30 days and diligently pursues the same to completion within 90 days. Notwithstanding the foregoing, there shall be no Grace Period applicable to a Default based upon a breach of a representation or warranty of Licensee, or in the breach of Licensee's covenant to maintain insurance.