Common use of Failure to Cure Clause in Contracts

Failure to Cure. In the event Developer fails to cure any default of this Agreement within the Cure Period (or extended period), the City and the Board may, upon issuance to Developer of a written Notice of Termination, terminate this Agreement in whole or in part. Such notification shall include the reasons for such termination, the effective date of such termination; and, in the case of partial termination, the portion of the Agreement to be terminated.

Appears in 11 contracts

Sources: Development Agreement, Development Agreement, Development Agreement

Failure to Cure. In the event Developer fails to cure any default of this Agreement a Default within the Cure Period (or extended period), the City and the Board may, upon issuance to Developer of a written Notice of Termination, terminate this Agreement in whole or in part. Such notification shall include the reasons for such termination, the effective date of such termination; and, in the case of partial termination, the portion of the Agreement to be terminated.

Appears in 7 contracts

Sources: Development Agreement, Funding Agreement, Development Agreement