Examples of Purchaser Cure Period in a sentence
If the Closing is scheduled to occur within the Purchaser Cure Period, the Closing Date shall be postponed until the date which is five (5) Business Days after the expiration of the Purchaser Cure Period.
In the event of a default by Purchaser of any of Purchaser's obligations under this Agreement, and the failure of Purchaser to cure such default within fifteen (15) days after Seller notifies Purchaser in writing of such default (the "Purchaser Cure Period"), Seller shall be entitled to seek all remedies available to it in equity and at law, including the specific performance of Purchaser's obligations hereunder.
In the event Purchaser shall default in performing Purchaser’s obligations hereunder, Seller shall give Purchaser written notice of such default and a fifteen (15) day right to cure the default (“Purchaser Cure Period”); provided that, if the default relates to Purchaser’s obligation to close on the purchase of the Property, the Purchaser Cure Period shall be only three (3) days.
This Agreement shall terminate upon such written notice of cancellation unless (i) Purchaser cures the default within the Purchaser Cure Period or (ii) Seller waives the default, in which event Seller and Purchaser shall proceed to close this transaction.
If the Closing is scheduled to occur within the Purchaser Cure Period, the Closing Date shall not be postponed, and Closing shall occur on the Closing Date.