Curing Party definition

Curing Party has the meaning set forth in Section 6.1(a) of the Participation Agreement.

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Curing Party shall have that meaning set forth in Section 6.01 of this Agreement. "Cure Period" shall have that meaning set forth in Section 6.01 of this Agreement. "Default" shall have that meaning set forth in Section 6.01 of this Agreement. "Default Notice" shall have that meaning set forth in Section 6.01 of this Agreement.

Curing Party shall have the meaning assigned to such term in Section 2.5.

Examples of Curing Party in a sentence

• If the Curing Party effects such cure by bonding any lien which Tenant is required to bond or otherwise discharge, Tenant shall obtain and substitute a bond for the Curing Party’s bond and shall reimburse the Curing Party for the cost of the Curing Party’s bond.

• If a Curing Party performs any of Tenant’s obligations under this Lease, Tenant shall pay to Landlord (as Additional Rent) the costs thereof, together with interest at the Interest Rate from the date incurred by the Curing Party until paid by Tenant, within fifteen (15) days after receipt by Tenant of a statement as to the amounts of such costs.

• If the Curing Party effects such cure by bonding any lien which Tenant is required to bond or otherwise discharge, Tenant shall obtain and substitute a bond for the Curing Party's bond and shall reimburse the Curing Party for the cost of the Curing Party's bond.

• If Collateral Agent shall thereafter receive from Lessee such Lease Payment or Supplemental Payment, Collateral Agent shall forthwith remit such payment to such Curing Party in reimbursement for the funds so advanced by it.

• In such event, the Owner shall be personally liable to the Curing Party for past due payments made by the Curing Party, together with interest thereon at the rate specified in the promissory note secured by the deed of trust, plus one (1) per cent, and all actual expenses of the Curing Party incurred in curing the default.

• The Defaulting Party shall on demand reimburse the Curing Party for the costs and expenses incurred by the Curing Party in rectifying defaults as aforesaid, including reasonable attorneys’ fees, together with interest thereon at the Default Rate, but nothing herein shall be deemed to permit either party to set off any costs of cure or other amounts against the amounts owing to the other party hereunder..

• If a Curing Party performs any of Tenant's obligations under this Lease, Tenant shall pay to Landlord (as Additional Charges) the costs thereof, together with interest at the Interest Rate from the date incurred by the Curing Party until paid by Tenant, within twenty (20) days after receipt by Tenant of a statement as to the amounts of such costs.

• For the purpose of rectifying a default of the Defaulting Party as aforesaid, the Curing Party shall have the right to enter the Leased Premises.

• This Agreement may not be terminated upon a Material Breach of this Agreement unless the other party (the "Notifying Party") first provides written notice of such breach to the first party (the "Curing Party") as provided herein and the breach has not been cured within sixty (60) days after the Curing Party receives such notice.

• If the Alleged Default is Cured, then no Default by the Curing Party shall have taken place or exist and the Noticing Party shall take no further action.

More Definitions of Curing Party

Curing Party has the meaning set forth in Section 4.2(g).

Curing Party has the meaning set forth in Section 2(c) hereof.

Curing Party has the meaning set forth in Section 5.6.

Curing Party is defined in Section 7.2(b).

Curing Party shall have the right (i) if no emergency exists, to perform the same after giving 30 days’ notice to the Defaulting Party, and (ii) in any emergency situation to perform the same immediately without notice or delay. For the purpose of rectifying a default of the Defaulting Party as aforesaid, the Curing Party shall have the right to enter the Leased Premises. The Defaulting Party shall on demand reimburse the Curing Party for the costs and expenses incurred by the Curing Party in rectifying defaults as aforesaid, including reasonable attorneys’ fees, together with interest thereon at the Default Rate, but nothing herein shall be deemed to permit either party to set off any costs of cure or other amounts against the amounts owing to the other party hereunder.. Any act or thing done by the Curing Party pursuant to this paragraph shall not constitute a waiver of any such default by the Curing Party or a waiver of any covenant, term or condition herein contained or the performance thereof.

Curing Party shall have the meaning set forth in Section 4.02.