Failure to Cure or Exercise Option. If at the end of the Exercise Period the Clearview Group shall remain in default and shall not have delivered the Option Notice, the GG Group may terminate this Agreement in accordance with Article X. If the Default is not cured, the Escrow Funds may be utilized to the extent available and the Clearview Group shall be responsible for any deficiency.
Appears in 1 contract
Sources: Asset Purchase and Management Agreement (Clearview Cinema Group Inc)
Failure to Cure or Exercise Option. If at the end of the Exercise Period Period, the Clearview Group shall remain in default and shall not have delivered the Option Notice, the GG Group may terminate this Agreement in accordance with Article X. If the Default is not cured, the Escrow Funds may be utilized to the extent available and the Clearview Group shall be responsible for any deficiency.
Appears in 1 contract
Sources: Asset Purchase Agreement (Clearview Cinema Group Inc)