Notice of Default and Cure Clause Samples

Notice of Default and Cure. As a precondition to exercising any rights or remedies as a result of any default or alleged default by ▇▇▇▇▇▇, Lessor shall deliver a duplicate copy of the applicable Notice of Default to each Lessee’s Lender concurrently with delivery of such notice to Lessee, specifying in detail the alleged Event of Default and the required remedy, provided ▇▇▇▇▇▇ was given sufficient notice of the identity and contact information of such ▇▇▇▇▇▇’s Lender. Each Lessee’s Lender shall have the same period after receipt of a Notice of Default to remedy an Event of Default, or cause the same to be remedied, as is given to Lessee after ▇▇▇▇▇▇’s receipt of a Notice of Default under the Lease, plus, in each instance the following additional time periods: (i) thirty (30) business days in the event of any monetary Event of Default; and (ii) sixty (60) days in the event of any non-monetary Event of Default; provided, that (a) such sixty (60)-day period shall be extended for the time reasonably required by such Lessee’s Lender to complete such cure, including the time required for such ▇▇▇▇▇▇’s Lender to obtain possession of the Solar Facility (including possession by a receiver), institute foreclosure proceedings or otherwise perfect its right to effect such cure and (b) such Lessee’s Lender shall not be required to cure those Events of Default which are not reasonably susceptible of being cured or performed.

Notice of Default and Cure. Secured Party shall deliver Notice of any Default to Debtor. Debtor shall have the right to cure any Default specified under Section 1(d)(i) or (ii) within the Cure Period. Debtor may not cure a Default described in Section 1(d)(iii) through (ix) of this Agreement. If Debtor fails to cure the Default within the Cure Period, or is prohibited from curing the Default, then Secured Party may pursue any and all remedies provided in this Agreement. Debtor agrees that receipt of Notice shall provide Debtor with reasonable advance notice of a planned sale or other disposition of the Collateral by Secured Party.

Notice of Default and Cure. A Party shall be in default of this Agreement if the Party fails to perform any material obligation under this Agreement and such failure continues uncured for more than thirty (30) days after receiving a written notice of default from any other Party (a “Default Notice”). Any such default which continues uncured beyond the thirty (30) day cure period above shall constitute an “Event of Default.”

Notice of Default and Cure. The Pledgee shall deliver notice of any Default to the Pledgor. The Pledgor shall have the right to cure any Default as set forth under the Loan Agreement and Note. If the Pledgor fails to cure a Default as described in the Loan Agreement and/or Note, then, after expiration of such applicable cure period, the Pledgee may pursue any and all remedies provided in this Agreement, including but not limited to, taking title to the Collateral and noticing the Pledgor’s transfer agent that an uncured Event of Default has occurred and that the shares evidencing the Collateral are to be issued to the Pledgee or assigns as set forth herein.

Notice of Default and Cure. The Pledgee shall deliver notice of any Event of Default to the Pledgor. The Pledgor shall have the right to cure any Event of Default in accordance with the Cure Period specified under the Note. If the Pledgor fails to cure an Event of Default as described in the Note, then, after expiration of the Cure Period specified in the Note, the Pledgee may pursue any and all remedies provided in this Agreement.

Notice of Default and Cure. If VDOT elects to exercise its right to terminate for default by ERC, it shall provide written notice of the default to ERC, including a detailed statement describing the event(s) of the default (“Notice of ERC Default”). ERC shall have a period of 60 Days from receipt of the Notice of ERC Default in which to cure the default; provided however, that: (a) with the exception of a default under Section 5.2.5.1.6, if the default is of such a nature that the cure cannot with diligence be completed within such time period and (b) ERC has commenced meaningful steps to cure, as agreed to by VDOT, immediately after receiving the Notice of ERC Default, then ERC may have such additional period of time as reasonably necessary to cure the default not to exceed 180 Days from the Notice of ERC Default.

Notice of Default and Cure. In the event of a Default, CET-SC shall notify P2S Holdings, CET-DEL and the Escrow Agent in writing that a default exists and provide a detailed description of the Default. The Companies, individually or together, or any group appointed by the Companies, will have 30 calendar days to cure the Default and notify CET-SC and the Escrow Agent in writing of the cure, providing an accompanying detail.

Notice of Default and Cure. 24 22. REMEDIES...........................................................................................................25 a.

Notice of Default and Cure. If VDOT decides to exercise its right to terminate for default by any of the Private Entities, it shall provide written notice of the default to all Private Entities, including a detailed statement describing the event(s) of the default (“Notice of Private Entity Default”). The defaulting Private Entity shall have a period of 60 Days from receipt of the Notice of Private Entity Default in which to cure the default; provided, however, that: (a) if the default is based on Section 5.5.1.1, 5.5.1.2, or 5.5.1.3 and is of such a nature that the cure cannot with diligence be completed within such time period; and (b) the Private Entity has commenced meaningful steps to cure, as agreed to by VDOT, immediately after receiving the Notice of Private Entity Default, then the Private Entity may be provided with an additional period of time as reasonably necessary to cure the default not to exceed 180 Days from the Notice of Private Entity Default.