Right to Cure Events of Default Clause Samples

Right to Cure Events of Default. Upon receipt of the Notice of Default, Party in default shall have ten days to commence a cure of the default, and 45 days, or such period as agreed to by the Parties, to complete the cure, provided that the defaulting party shall continuously and diligently pursue such remedy at all times until such item of default is cured. In the event a cure is not commenced, or completed within the time frames set forth herein, the City may modify or terminate this Agreement in accordance with the provisions set forth in Section 5.4, and Developer may terminate this Agreement.
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Right to Cure Events of Default. If an Event of Default in the performance of any of the covenants of Trustor herein occurs, Beneficiary, without waiving any default or releasing Trustor from any obligation, may (but will be under no obligation to) remedy the same for the account and at the cost and expense of Trustor, and for such purpose has the right to enter upon the Trust Property during normal business hours without thereby becoming liable to Trustor or any person in possession thereof holding under Trustor. If Beneficiary remedies such Event of Default or appears in, defends or brings any action or proceeding to protect its interest in the Trust Property or to foreclose this Deed of Trust or collect the Obligations, all reasonable and documented costs and expenses actually incurred (including without limitation reasonable attorneys' fees) will be paid or arranged to be paid by Trustor to Beneficiary on demand with interest to the date of payment to Beneficiary at the Default Rate. All such costs and expenses incurred by Beneficiary, with interest at the Default Rate, will be secured by this Deed of Trust.
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Related to Right to Cure Events of Default

  • Right to Cure Defaults Upon the occurrence of any Event of Default or if Borrower fails to make any payment or to do any act as herein provided, Lender may, but without any obligation to do so and without notice to or demand on Borrower and without releasing Borrower from any obligation hereunder, make or do the same in such manner and to such extent as Lender may deem necessary to protect the security hereof. Lender is authorized to enter upon the Property for such purposes, or appear in, defend, or bring any action or proceeding to protect its interest in the Property or to foreclose this Security Instrument or collect the Debt. The cost and expense of any cure hereunder (including reasonable attorneys' fees to the extent permitted by law), with interest as provided in this Section 11.3, shall constitute a portion of the Debt and shall be due and payable to Lender upon demand. All such costs and expenses incurred by Lender in remedying such Event of Default or such failed payment or act or in appearing in, defending, or bringing any such action or proceeding shall bear interest at the Default Rate (as defined in the Note), for the period after notice from Lender that such cost or expense was incurred to the date of payment to Lender. All such costs and expenses incurred by Lender together with interest thereon calculated at the Default Rate shall be deemed to constitute a portion of the Debt and be secured by this Security Instrument and the Other Security Documents and shall be immediately due and payable upon demand by Lender therefor.

  • Events of Default and Remedies Section 8.01.