Common use of Failure by Borrower Clause in Contracts

Failure by Borrower. to perform any obligation not involving the payment of money, or to comply with any other term or condition applicable to Borrower under any Loan Document, and the expiration of thirty (30) days after written notice of such failure by Lender to Borrower; provided, however, that if such failure cannot be remedied by the payment of money and cannot be remedied within such 30-day period and Borrower promptly takes and diligently pursues action to remedy such failure, Borrower shall have an additional period of time, not to exceed ninety (90) days, within which Borrower may remedy such failure.

Failure by Borrower. to perform any obligation not involving the payment of money, or to comply with any other term or condition applicable to Borrower Borrower, under any Loan DocumentDocument and, and if such failure is curable, the expiration of thirty (30) days after written notice of such failure by Lender Bank to Borrower; provided, however, that if such failure canis not be remedied by the payment of money and cannot be remedied curable 58 65 within such thirty (30-day period ) days and Borrower promptly takes diligently commences and diligently pursues action to remedy prosecutes such failurecure following receipt of such notice, Borrower such failure shall have an additional period of time, not to exceed ninety constitute a default if it is cured within sixty (9060) days, within which Borrower may remedy days after such failurenotice.