Common use of Xxxxxx’s Right to Cure Clause in Contracts

Xxxxxx’s Right to Cure. Each Lender shall have the right, but not the obligation, during the same period of time available to Developer to cure or remedy, on behalf of Developer, the default claimed or the areas of non-compliance set forth in City’s notice. Such action shall not entitle a Lender to develop the Property or otherwise partake of any benefits of this Agreement unless such Lender shall assume and perform all obligations of Developer hereunder.

Xxxxxx’s Right to Cure. Each Lender shall have the right, but not the obligation, during for the same period of time available given to Developer to cure or remedy, on behalf of Developer, the default breach claimed or the areas of non-compliance set forth in City’s notice. Such action shall not entitle a Lender to develop the Property or otherwise partake of any benefits of this Agreement unless such Lender shall assume and perform all obligations of Developer hereunder.

Xxxxxx’s Right to Cure. Each Lender shall have the right, but not the obligation, during the same period of time available to Developer to cure or remedy, on behalf of Developer, the default claimed or the areas of non-non- compliance set forth in City’s notice. Such action shall not entitle a Lender to develop the Property or otherwise partake of any benefits of this Agreement unless such Lender shall assume and perform all obligations of Developer hereunder.

Xxxxxx’s Right to Cure. Each Lender shall have the right, but not the obligation, during for the same period of time available given to Developer to cure or remedy, on behalf of Developer, the default breach claimed or the areas of non-compliance set forth in City’s notice. Such action shall not entitle a Lender to develop the Property or otherwise partake of any benefits of this Agreement unless such Lender Xxxxxx shall assume and perform all obligations of Developer hereunder.