Common use of Monetary Default Clause in Contracts

Monetary Default. In the event of a monetary default for which Borrower is given a cure period, Lender shall give Borrower written notice of the Event of Default and Borrower shall be given an opportunity to cure the default within the applicable cure period.

Appears in 10 contracts

Sources: Line of Credit Agreement (Brand Engagement Network Inc.), Line of Credit Agreement (Med-X, Inc.), Line of Credit Agreement (Nanoviricides, Inc.)