Curable Default shall have the meaning set forth in Section 6.5(d).
Curable Default has the meaning set forth in Section 8.3.
Curable Default means any default under this Sublease which is not an incurable default. In the event of any curable default under this Sublease, and if prior to the expiration of the applicable grace period specified in subparagraph (2) of this Section, the Subleasehold Mortgagee shall give Sublessor written notice that it intends to undertake the curing of such default, or to cause the same to be cured, or to exercise its rights to acquire the leasehold interest of Sublessee by foreclosure or otherwise, and shall immediately commence and then proceed with all due diligence to do so, whether by performance on behalf of Sublessee of its obligations under this Sublease, or by entry on the Subleased Premises by foreclosure or otherwise, then Sublessor will not terminate or take any action to effect a termination of this Sublease or re-enter; take possess6on of or relet the Subleased Premises or similarly enforce performance of this Sublease as long as the Subleasehold Mortgagee is, with all due diligence and in good faith, engaged in the curing of such default, or effecting such foreclosure, provided, however, that the Subleasehold Mortgagee shall not be required to continue such possession or continue such foreclosure proceedings if such default shall be cured, Nothing herein shall preclude Sublessor from terminating this Sublease with respect to any additional default which shall occur during the aforesaid period of forbearance arid not 1;e remedied within the period of grace, if any, applicable to any such additional default provided that Sublessor provides the Subleasehold Mortgagee with notice and opportunity to cure any such additional default.
Examples of Curable Default in a sentence
Until the Required Contribution Date, neither Agent nor any Lender shall impose the Post-Default Rate, accelerate the Obligations or exercise any enforcement remedy against the Loan Parties or any of their Subsidiaries or any of their respective properties solely as a result of the existence of the applicable Curable Default.
More Definitions of Curable Default
Curable Default shall have the meaning set forth in Section 3(d)(vi) of Article XIV.
Curable Default shall have the meaning given to such term in Section 7.01.
Curable Default has the meaning set forth in Section 4.2(g).
Curable Default as used herein, means any default which is not an Incurable Default. In the event of any Curable Default by the Lessee under any of the provisions of this Lease and prior to the expiration of the Extended Grace Period, the Leasehold Mortgagee may, at its option, (a) give the Authority written notice that it intends to undertake the curing of such Curable Default or cause the same to be cured, or to exercise its rights to acquire the interest of the Lessee in this Lease by foreclosure or otherwise, and (b) tender payment of all rental fees and other charges (except Project Rental) then due and owing to the Authority prior to the expiration of the Extended Grace Period. In the event the Leasehold Mortgagee does not give such notice to the Authority and tender such payments to the Authority, the Authority may proceed to exercise the remedies available to it under Article XII, B. of this Lease, subject nevertheless to the provisions of subsection B(5) below. Upon the giving of such notice by the Leasehold Mortgagee, the Authority will not terminate or take any action to effectuate a termination of this Lease nor reenter, take possession or relet the Aircraft Maintenance Premises or otherwise enforce performance of this Lease for so long as (a) the Leasehold Mortgagee is with reasonable due diligence and in good faith engaged in effecting a foreclosure of the Leasehold Mortgage or the curing of such Curable Default and (b) all rental fees and other charges (with the exception of Project Rental) due and owing to the Authority are paid; provided that the Leasehold Mortgagee shall not be required to continue such foreclosure proceedings or cause such rental fees and other charges to be paid after such Curable Default is cured. In the event the nature of any such Curable Default is such that the Leasehold Mortgagee must take possession of the Aircraft Maintenance Premises in order to cure such Curable Default, or there is an official restraint, such as judicial order or administrative order applicable to the Leasehold Mortgagee, including without limitation, an automatic stay, the running of all applicable cure periods (including the Extended Grace Period) shall be tolled so long as rental fees and other charges (with the exception of Project Rental) due and owing the Authority are paid and the Leasehold Mortgagee is diligently attempting to obtain relief from such judicial restraint to exercise its remedies under the Leasehold Mortgage. Nothing herein shall preclu...
Curable Default means a Default that is not an Incurable Default; “Deemed Pro Rata Shares” has the meaning ascribed in section 17.2;
Curable Default means any default under this Lease which is not an incurable default. In the event of any curable default under this Lease, and if prior to the expiration of the applicable grace period specified in Section 20.09(b), the Leasehold Mortgagee shall give Landlord written notice that it intends to undertake the curing of such default, or to cause the same to be cured, or to exercise its rights to acquire the leasehold interest of Tenant by foreclosure or otherwise, and shall immediately commence and then proceed with all due diligence to do so, whether by performance on behalf of Tenant of its obligations under this Lease, or by entry on the Leased Premises by foreclosure or otherwise, then Landlord will not terminate or take any action to effect a termination of this Lease or re-enter, take possession of or relet the Leased Premises or similarly enforce performance of this Lease so long as the Leasehold Mortgagee is, with all due diligence and in good faith, engaged in the curing of such default, or effecting such foreclosure, provided, however, that the Leasehold Mortgagee shall not be required to continue such possession or continue such foreclosure proceedings if such default shall be cured. Nothing herein shall preclude Landlord from terminating this Lease with respect to any additional default which shall occur during the aforesaid period of forbearance and not be remedied within the period of grace, if any, applicable to any such additional default.
Curable Default has the meaning assigned to such term in Section 12(a).