Common use of Contents of the Notice of Default Clause in Contracts

Contents of the Notice of Default. The notice of default shall: 10.1.1.1. Specify the claimed event of Default; 10.1.1.2. Identify with particularity the provisions of any applicable law, rule, regulation or provision of this Agreement that is claimed to be in Default; 10.1.1.3. Identify why the Default is claimed to be material; and 10.1.1.4. If the Town chooses, in its discretion, propose a method and time for curing the Default which shall be of no less than sixty (60) days duration.

Contents of the Notice of Default. The notice of default shall: 10.1.1.111.1.1.1. Specify the claimed event of Default; 10.1.1.211.1.1.2. Identify with particularity the provisions of any applicable law, rule, regulation or provision of this Agreement that is claimed to be in Default; 10.1.1.311.1.1.3. Identify why the Default is claimed to be material; and 10.1.1.411.1.1.4. If the Town chooses, in its discretion, propose a method and time for curing the Default which shall be of no less than sixty (60) days duration.