Examples of Cure Election Notice in a sentence
The failure of Seller to timely deliver Seller’s Cure Election Notice on or before the Cure Election Deadline (having received one or more Objection Notices from Buyer prior to the expiration of the Investigation Period) shall be deemed to be an election by Seller not to cure such Objection Matters.
The Parties shall, no later than the date of the Cure Election Notice Deadline, attempt in good faith to reach agreement on the existence of such Non-De Minimus Interest Addition and the value of such Non-De Minimus Interest Addition.
The failure of Seller to timely deliver Seller’s Cure Election Notice on or before the Cure Election Deadline (having received one or more Objection Notices from Buyer prior to the expiration of the Investigation Period) shall be deemed to be an election by Seller not to cure any of the Objection Matters.
Notwithstanding anything to the contrary in this Agreement, Seller's exercise of its option to drop the Mohawk Property shall not count in the determination of whether seven (7) Dropped Properties exist for purposes of termination of this Agreement in accordance with its terms and shall not count as one of the three (3) Dropped Properties for which Seller may provide a Cure Election Notice pursuant to Section 12(B)(i).
Provided that Lessee has not received, prior to Xxxxxx’s delivery to Lessor of a Cure Election Notice (as defined hereinbelow), written notice from Lessor stating that Lessor has cured or has commenced to cure the default specified in the applicable Default Notice, Lessee shall have the right, but not the obligation, by written notice to Lessor delivered prior to the expiration of the applicable cure period (“Cure Election Notice”), to cure the default specified in the applicable Default Notice.
In the event that Junior Participant has delivered a Cure Election Notice, the default must be cured by Junior Participant within, in the case of a monetary default, five (5) Business Days of receipt of such Cure Option Notice and, in the case of a non-monetary default, thirty (30) days of receipt of such Cure Option Notice (such period, the "Cure Period").
The failure of Seller to timely deliver Seller’s Cure Election Notice on or before the Cure Election Deadline (having received one or more Objection Notices from Buyer prior to the expiration of the Investigation Period) shall be deemed to be an election by Seller to not cure all of the Objection Matters.
The failure of Seller to timely deliver a New Matters Cure Election Notice on or before the New Matters Cure Election Deadline (having received one or more New Matters Objection Notices from Buyer), shall be deemed to be an election by Seller to not cure all of the New Matters Objections specified in the applicable New Matters Objection Notice.
Notwithstanding anything to the contrary as contained in the Purchase Agreement, Buyer’s Objection Notice, or Sellers’ Cure Election Notice, Buyer and Sellers hereby acknowledge and agree that, in connection with certain matters relating to the condition of the Property and leasing matters at the Property, Sellers have agreed to provide Buyer an aggregate credit against the Purchase Price at Closing in the amount of Two Million Three Hundred Sixteen Thousand and 00/100 Dollars ($2,316,000.00).
The Parties hereby acknowledge that Buyer delivered a prior Objection Notice to Sellers with respect to certain Objection Matters, and Sellers delivered a Cure Election Notice to Buyer (the “Original Seller Response Letter”) with respect to such Objection Matters.