Common use of Notice of Default and Cure Clause in Contracts

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.”