Cure Provisions definition

Cure Provisions. If any default, other than a default in payment is curable and if the Borrower has not been given a notice of a breach of the same provision of this Note within the preceding twelve (12) months, it may be cured (and no event of default will have occurred) if the Borrower, after receiving written notice from Lender demanding cure of such default: (1) cures the default within ten (10) days; or (2) if the cure requires more than ten (10) days, immediately initiates steps which Lender deems in ▇▇▇▇▇▇’s sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
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Examples of Cure Provisions in a sentence

  • In addition and without limitation, Lender may exercise any one or more of the following rights and remedies only after Grantor has exhausted all remedies under the Cure Provisions section as referenced above: Accelerate Indebtedness.

  • Any default having an adverse affect on any lien granted by Borrower in favor of Lender pursuant to related documents, or under the category of Default, which includes, Payment Default, Other Defaults, Default in Favor of Third Parties, False Statements, Insolvency, Creditor or Forfeiture Proceedings, Events Affecting Guarantor, Change in Ownership, Adverse Change, or Cure Provisions.

  • Inapplicability of Cure Provisions to Certain Events of Default 29 SECTION 9.01.

  • TITLE AND SURVEY 19 Section 3.1 Title Inspection 19 Section 3.2 Title Objections 20 Section 3.3 Cure of Title Objections 20 Section 3.4 Title Cure Provisions 21 Section 3.5 Conveyance of Title; Permitted Exceptions 22 Article IV.

  • MAXIMUM INTEREST RATE 87 (a) Limitation to Maximum Rate; Recapture 87 (b) Cure Provisions 87 (c) Canada Interest Rate Provisions 88 SECTION 10.14.