Option to Cure. If thirty (30) days after any notice or demand with respect to any breach or default, such breach or default remains uncured, each such Holder shall (and every Deed of Trust, Mortgage or other instrument of encumbrance made prior to completion of the Redeveloper Improvements by Redeveloper or its successors in interest shall so provide) have the right, at its option, to cure or remedy such breach or default and to add the cost thereof to the debt and the lien of its Deed of Trust or Mortgage; provided, that if the breach or default is with respect to construction of the Project Site, nothing contained in this section or any other section of this Agreement shall be deemed to permit or authorize.
Appears in 3 contracts
Sources: Redevelopment Agreement, Redevelopment Agreement, Redevelopment Agreement