Notice and Cure Periods Sample Clauses

The Notice and Cure Periods clause establishes a process by which one party must formally notify the other of a breach or default and provide a specified timeframe for the issue to be remedied before further action can be taken. Typically, this means that if a party fails to meet a contractual obligation, the non-breaching party must deliver written notice describing the problem, after which the breaching party has a set number of days to correct the issue. This clause ensures fairness by giving parties an opportunity to resolve problems before facing penalties or termination, thereby reducing the risk of abrupt contract disputes and fostering cooperation.
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Notice and Cure Periods. The occurrence of any foregoing events listed in Section 8.1, 8.2, 8.3, 8.4, 8.5 and 8.6 hereof shall be an Event of Default if the same remains uncured in full after the Bank has provided written notice to Borrower and Borrower’s or the applicable Borrowing Base Obligor’s failure to cure within the applicable Cure Period.
Notice and Cure Periods. All notices and cure periods described herein shall not be applicable to any event which with the giving of notice, the passage of time or both would constitute an Event of Default, if such event has occurred as of the date on which ▇▇▇▇▇▇ commences a nonjudicial foreclosure proceeding with respect to another Event or Events of Default. Such event shall constitute an independent Event of Default hereunder.
Notice and Cure Periods. In the event that an AOLB Party ----------------------- commits a Material AOLB Exclusivity Breach or Itau commits a Material Itau Breach, and such breaching Party (the "Breaching Party") fails to cure such breach within thirty (30) days or, in the case of a Material Exclusivity Breach, within ninety (90) days (such periods, the "Cure Periods"), after written notice thereof (a "Breach Notice"), from the other Party (the "Notifying Party"), the Notifying Party shall have the right to terminate this Agreement upon receipt of an arbitral ruling confirming such uncured Material Breach as provided in this Section 11.
Notice and Cure Periods. Notwithstanding any term or provision to the contrary in this Note or any other document or instrument evidencing or securing the loan (collectively the "Loan Documents"), Employee shall have thirty (30) days following written notice to the Employee of Employee's default under any provision of the Loan Documents, including, without limitation, the Note, in which to cure any such default before the Company may exercise any remedies for said default as provided in this Note or any other Loan Documents.
Notice and Cure Periods. If Virgin fails to cure any monetary default of the type described in Subparagraph 17.1.1 or 17. 1.2 above for a period of ten (10) Days after receipt from the Authority of a written notice or fails to cure any other non- monetary default listed in Paragraph 17.1 above wit hin thirty (30) Days after receipt from the Authority of a written notice (or if such non-monetary default is not susceptible to cure within 30 Days, if Virgin will fail to prom ptly commence the cure and diligently pursue the cure to completion as soon as reasonably possible) any of such uncured failures will be a Virgin Event of Default and th e Authority may, without terminating this Lease, enter upon the Virgin Facilities and, as app licable, the Option Area and ROFR Area, and will have the right to improve and re-let all or any part of such area(s) to others. Virgin will continue to be responsible for and will pay all Virgin Payables required pursuant to this Lease, provided, however, that Virgin will receive a credit for rentals, fees, and charges received by the Authorit y for the re-let premises after first deducting all reasonable costs incurred by the Authority for renovations.
Notice and Cure Periods. Subject to the provisions of Section 13, but notwithstanding anything else to the contrary in this Sublease, each and every time limit contained in the Prime Lease for the giving of notices, making of demands, making of payments, performance of acts or for the exercise of any rights, remedies or options by the tenant thereunder, shall be shortened by five (5) days for the purposes of this Sublease, so that in each instance Subtenant shall have five (5) days less time than Sublandlord has under the Prime Lease; provided that in no case shall the cure period afforded to Subtenant be less than five (5) business days.
Notice and Cure Periods. Except as otherwise stated below in subsection (d), upon the occurrence of a Default, Hu▇▇▇ ▇hall not accelerate the Loan or pursue its other rights and remedies unless it first gives Grantors written notice of such Default in the manner prescribed for notices in this Partnership Pledge Agreement and such Default is not fully cured within the following periods: I) three (3) days after such notice is given in the event of any failure to make a monetary payment; ii) fifteen (15) days after such notice is given in the event of nonmonetary Defaults not subject to other provisions of this Section, provided (a) within five (5) days after such notice is given, Grantors commence their cure and submit to Hu▇▇▇ ▇n writing their plan to cure; and (b) the cure is continuously pursued by Grantors with due diligence. If such Default is not reasonably 123 capable of being cured within fifteen (15) days, Grantors shall have such additional time as is reasonably necessary to complete the cure, but in no event more than thirty (30) days after the notice of Default is given; or iii) sixty (60) days after the filing of any involuntary petition in bankruptcy against or for the appointment of a receiver for Grantors (except for petitions filed by Hu▇▇▇), with the dismissal of such petitions by the court within such period being deemed to cure such Default.
Notice and Cure Periods. Lender agrees that it will provide Borrowers written notice of the occurrence of an Event of Default under Subsections 8.3, 8.4, 8.5, 8.8, 8.9, 8.10, and 8.11 and allow Borrowers sixty (60) days from the date of such notice to cure the Event of Default before Lender accelerates the indebtedness evidenced by the Term Note or exercises any remedies available to it under the Loan Documents or applicable Florida law, except that Lender may charge Borrowers the Default Rate pursuant to Subsection 2.4(b) hereof. Borrowers agree and acknowledge that Borrowers under this Agreement have the right to cure the Events of Default listed in this paragraph and no other Events of Default.
Notice and Cure Periods. County and PVSC acknowledge and agree that no Event of Default or County Event of Default shall have occurred under this Agreement unless and until any and all applicable Notice shall have been given and cure or grace periods shall have expired.
Notice and Cure Periods. Notwithstanding the foregoing, except as otherwise expressly provided in this Sublease, whenever any provision of the Master Lease incorporated herein specifies a time period in connection with the performance of any liability or obligation by tenant thereunder (except payment of Subtenant's Rent or other sums due hereunder), or any notice period or other time condition to the exercise of any right or remedy by tenant thereunder, such time period shall be shortened in each instance by three (3) business days for the purpose of incorporation into this Sublease. Any default notice or other notice of any obligation (including any billing or invoice for any Subtenant's Rent or any other expense or charge falling due under the Master Lease) from Master Landlord which is received by Subtenant (whether directly or as a result of being forwarded by Sublandlord to Subtenant) shall constitute such notice from Sublandlord to Subtenant under this Sublease without the need for any additional notice from Sublandlord. If Subtenant shall fail to pay any installment of Subtenant's Rent or any other expense or charge when due hereunder or shall breach or default in the observance or performance of any conditions or covenants to be observed or performed by Subtenant hereunder (including under any of the applicable provisions of the Master Lease incorporated herein), then Sublandlord shall have and may exercise all rights and remedies against Subtenant as provided to Master Landlord in the event of default by tenant as set forth in the Master Lease (including, but not limited to, the rights and remedies provided in Paragraphs 13 and 28(G) of the Master Lease). Sublandlord shall forward to Subtenant any material notices received from Master Landlord immediately, but in no event later than within seven (7) business days after receipt thereof; provided, however, such delay in or failure to forward a notice shall not extend any of Subtenant's notice and/or cure periods or affect any of Subtenant's obligations or Sublandlord's rights or remedies if Subtenant has already received such notice directly from Master Landlord.