Uncured Continuing Event of Default definition

Uncured Continuing Event of Default means the occurrence of an Event of Default (as provided for herein) that has not been cured by the Company on or before the expiration of the applicable cure period or has not otherwise been waived or consented to by the Secured Party.

Uncured Continuing Event of Default means the occurrence of an Event of Default that has not been cured by the Company on or before the expiration of the applicable cure period or has not otherwise been waived or consented to by the Secured Party.

Examples of Uncured Continuing Event of Default in a sentence

• Secured Party shall have no liability or duty, either before or after the occurrence of an Uncured Continuing Event of Default, on account of loss of or damage to, to collect or enforce any of its rights against, the Collateral, to collect any income accruing on the Collateral, or to preserve rights against Persons with prior interests in the Collateral.

• Secured Party shall have the right, in addition to all other rights and remedies available to it, following an Uncured Continuing Event of Default, to set off against any Obligations due Secured Party, any debt owing to the Company by Secured Party.

• Impact of construction and laying of sewerage systemThe major project activity will be construction and laying of sewer pipelines, which will take place within road reserve and on 92 privately owned land which will be acquired and compensated prior to construction.