Notice and Cure Period definition

Notice and Cure Period means the date immediately the ten (10) day period commencing upon the date on which an event as described under Section 6(a) hereof occurs.
Sample 1Sample 2
Notice and Cure Period means a period of time commencing from the date upon which Lender notifies Borrower of the occurrence of an Initial Default and the curative time during which Borrower must cure such Initial Default, which (i) for monetary Initial Defaults (which shall not apply to payments under the Note or Notes) shall be ten (10) days, and (ii) for non-monetary Initial Defaults shall be thirty (30) days.
Sample 1Sample 2
Notice and Cure Period means, as used in this Agreement, 5:00 p.m. Arizona Time on the 60th day after the deemed receipt by Accelr8 from the Authority or by the Authority from Accelr8, in accordance with Section 8.1, of a written notice of failure to perform any covenant or agreement or to pay when due any payment of principal, interest, fees, late charges, or other sums due under the this Agreement, during which 60-day period the payment may be made or the performance undertaken and completed;
Sample 1

Examples of Notice and Cure Period in a sentence

  • Prior to exercising its right to issue a Notice of Termination, MWC will issue a written notice to the Supplier, specifying the circumstances and in the event of a Supplier’s default, requesting the Supplier to remedy the cause of such event of default within the period of time specified therein, which - as circumstances allow - shall be no less 30 Days following receipt of such notice ("Initial Notice" and "Cure Period", respectively).

  • Subject to the Notice and Cure Period set forth in Article 12 (Termination by The Regents), below, unless past-due sums are paid by Licensee within the Cure Period interest shall calculated from the date payment was due until actually received by The Regents.

  • In the event Developer fails to cure such breach within the Notice and Cure Period, and the City cures such breach, the costs of curing the breach shall become a lien against the Subject Property, and shall be collected in the same manner as property taxes and/or withheld from any bonds/performance guarantees for the project.

  • DAV ID VOGEL, BARRIERS OR BENEFITS, REGULAT ION IN INT ERN ATIO NA L TRADE (1997).

  • Upon the occurrence of any breach of this Agreement by the Authority, Accelr8, as its sole and exclusive remedy against the Authority, subject to the Notice and Cure Period, may seek specific performance of the Authority’s obligations arising under this Agreement.

  • Lessor may at Lessor’s election terminate this Lease by giving Tenant notice of termination following the Default Notice and Cure Period.

  • In the event AlliedSignal fails to cure the delinquency prior to the expiration of the Notice Period and Cure Period, AlliedSignal shall pay to Mykotronx as liquidated damages, a sum of one percent (1%) of the Transfer Price of the Products and/or Ancillaries that were ordered by Mykotronx' customers and remain unshipped for each month (beyond the seventy-five (75) day Notice and Cure Period) that such Products so remain unshipped, not to exceed a total of ($_______) of liquidated damages in the aggregate.

  • In the event Seller fails to cure the delinquency prior to expiration of the Notice Period and Cure Period, Seller shall pay to Mykotronx as liquidated damages, a sum of five percent (5%) of the Transfer Price of the Products that were ordered by Mykotronx' customers and remain unshipped for each month (beyond the thirty (30) day Notice and Cure Period) that such Products so remain unshipped, not to exceed a total of fifty thousand dollars ($ 50,000) of liquidated damages in the aggregate.

  • The Borrower hereby agrees to waive the "Notice and Cure Period" relating to the Specified Default and the Borrower agrees and acknowledges that the Specified Default is no longer an "Initial Default", but rather a matured Event of Default.

  • In the event of Sellers' breach or anticipated breach of the noncompetition and confidentiality provisions of this Agreement, Buyer is not required to comply with Claim Notice and Cure Period provision (set forth in Section 9.3) and the Claim Resolution Procedure provision (set forth in Section 9.4).


More Definitions of Notice and Cure Period

Notice and Cure Period means the giving of any applicable notice and the expiration of any applicable opportunity to cure period required herein before the occurrence of an Event of Default or a District Default.
Sample 1
Notice and Cure Period shall have the meaning ascribed to it in Article III, Section 3.04.
Sample 1

Related to Notice and Cure Period

  • Cure Period means the period specified in this Agreement for curing any breach or default of any provision of this Agreement by the Party responsible for such breach or default and shall:

  • Notice Period has the meaning set forth in Section 5.09(e).

  • Objection Notice has the meaning set forth in Section 2.3(a) of this Agreement.

  • Objection Period has the meaning set forth in Section 2.4(d).

  • Put Option Notice means a notice which must be delivered to a Paying Agent by any Noteholder wanting to exercise a right to redeem a Note at the option of the Noteholder;

  • Option Notice has the meaning set forth in Section 5.2(a).