Right to Cure. If any default, other than a Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 22 contracts
Sources: Business Loan Agreement (Personal Computer Products Inc), Loan Agreement (Incomnet Inc), Change in Terms Agreement (Fotoball Usa Inc)
Right to Cure. If any default, other than a Default default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a1) cures cure the default within fifteen (15) days; or (b2) if the cure requires more than fifteen (15) days, immediately initiates initiate steps which Lender deems in Lender▇▇▇▇▇▇'s sole discretion to be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 13 contracts
Sources: Business Loan Agreement (Rdo Equipment Co), Business Loan Agreement (Rdo Equipment Co), Business Loan Agreement (Hastings Manufacturing Co)
Right to Cure. If any default, other than a Default default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a1) cures cure the default within fifteen (15) days; or (b2) if the cure requires more than fifteen (15) days, immediately initiates initiate steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 12 contracts
Sources: Business Loan Agreement (Niku Corp), Business Loan Agreement (Niku Corp), Business Loan Agreement (Ministry Partners Investment Corp)
Right to Cure. If any default, other than a Default default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving Lender sends written notice from Lender to Borrower or Grantor, as the case may be, demanding cure of such default: (a1) cures cure the default within fifteen (15) days; or (b2) if the cure requires more than fifteen (15) days, immediately initiates initiate steps which Lender deems in Lender's ’s sole discretion to be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 10 contracts
Sources: Business Loan Agreement (FGI Industries Ltd.), Business Loan Agreement (NANOPHASE TECHNOLOGIES Corp), Business Loan Agreement (Asset Based) (Electromed, Inc.)
Right to Cure. If any default, other than a Default default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a1) cures cure the default within fifteen (15) days; or (b2) if the cure requires more than fifteen (15) days, immediately initiates initiate steps which Lender deems in Lender's ’s sole discretion to be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 8 contracts
Sources: Business Loan Agreement (Portland Brewing Co /Or/), Business Loan Agreement (Pc Universe Inc), Business Loan Agreement (Interwoven Inc)
Right to Cure. If any default, other than a Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen thirty (1530) days; or (b) if the cure requires more than fifteen thirty (1530) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 7 contracts
Sources: Business Loan Agreement (New America Network Inc), Business Loan Agreement (Trex Co Inc), Business Loan Agreement (New America Network Inc)
Right to Cure. If any default, other than a Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender's Lenders sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 6 contracts
Sources: Business Loan Agreement (Web Press Corp), Business Loan Agreement (Web Press Corp), Business Loan Agreement (Web Press Corp)
Right to Cure. If any default, other than a Default default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving Lender sends written notice from Lender to Borrower or Grantor, as the case may be, demanding cure of such default: (a1) cures cure the default within fifteen ten (1510) days; or (b2) if the cure requires more than fifteen ten (1510) days, immediately initiates initiate steps which Lender deems in Lender's ’s sole discretion to be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 4 contracts
Sources: Business Loan Agreement (BioLife4D Corp), Business Loan Agreement (Asset Based) (Mammoth Energy Partners LP), Business Loan Agreement (Asset Based) (Mammoth Energy Partners LP)
Right to Cure. If any default, other than a Default default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving Lender sends written notice from Lender to Borrower or Grantor, as the case may be, demanding cure of such default: (a1) cures cure the default within fifteen (15) days; or (b2) if the cure requires more than fifteen (15) days, immediately initiates initiate steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 4 contracts
Sources: Business Loan Agreement (Asset Based) (Better Choice Co Inc.), Business Loan Agreement (Collectors Universe Inc), Business Loan Agreement (Collectors Universe Inc)
Right to Cure. If any default, other than a Default default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving Lender sends written notice from Lender to Borrower or Grantor, as the case may be, demanding cure of such default: (a1) cures cure the default within fifteen thirty (1530) days; or (b2) if the cure requires more than fifteen thirty (1530) days, immediately initiates initiate steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 3 contracts
Sources: Construction Loan Agreement (Applied Optoelectronics, Inc.), Business Loan Agreement (Applied Optoelectronics, Inc.), Business Loan Agreement (Applied Optoelectronics, Inc.)
Right to Cure. If any default, other than a Default default on Indebtednessindebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a1) cures cure the default within fifteen (15) days; or (b2) if the cure requires more than fifteen (15) days, immediately initiates initiate steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 2 contracts
Sources: Business Loan Agreement (William Lyon Homes), Business Loan Agreement (Topaz Group Inc)
Right to Cure. If any default, other than a Default default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no not Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: ; (a1) cures cure the default within fifteen (15) days; or (b2) if the cure requires more than fifteen (15) days, immediately initiates initiate steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 2 contracts
Sources: Business Loan Agreement (Ideal Accents Inc), Business Loan Agreement (Ideal Accents Inc)
Right to Cure. If any default, other than a Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender ▇▇▇▇▇▇ deems in Lender▇▇▇▇▇▇'s sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 2 contracts
Sources: Loan Agreement (R B Rubber Products Inc), Business Loan Agreement (Human Pheromone Sciences Inc)
Right to Cure. If any default, other than a Default on Indebtednessindebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: ; (a) cures the default within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 1 contract
Sources: Commercial Security Agreement (Obsidian Enterprises Inc)
Right to Cure. If any default, other than a Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (121 2) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen ten (1510) days; or (b) if If the cure requires more than fifteen ten (1510) days, immediately Immediately initiates steps which Lender deems in Lender's sole discretion to discret▇▇▇ ▇▇ be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 1 contract
Sources: Business Loan Agreement (Hadron Inc)
Right to Cure. If It any default, other than a Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender ▇▇▇▇▇▇ deems in Lender▇▇▇▇▇▇'s sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 1 contract
Right to Cure. If any default, other than a Default on Indebtednessindebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 1 contract
Sources: Business Loan Agreement (American Stone Industries Inc)
Right to Cure. If any default, other than a Default default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice BUSINESS LOAN AGREEMENT Loan No. 22228891Note 201 (Continued) Page 10 ================================================================================ from Lender demanding cure of such default: (a1) cures cure the default within fifteen (15) days; or (b2) if the cure requires more than fifteen (15) days, immediately initiates initiate steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 1 contract
Right to Cure. If any default, other than a Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender's sole discretion to be s▇▇▇ ▇iscretion ▇▇ ▇▇ sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 1 contract
Right to Cure. If any default, other than a Default default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a1) cures cure the default within fifteen (15) days; or (b2) if the cure requires more than fifteen (15) days, immediately initiates initiate steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.. BUSINESS LOAN AGREEMENT Loan No: 0000274076 (Continued) Page 4 --------------------------------------------------------------------------------
Appears in 1 contract
Sources: Business Loan Agreement (Global Seafood Technologies Inc)
Right to Cure. If any default, other than a Default default on Indebtednessindebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a1) cures cure the default within fifteen (15) days; or (b2) if the cure requires more than fifteen (15) days, immediately initiates initiate steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.. BUSINESS LOAN AGREEMENT (Continued) ================================================================================
Appears in 1 contract
Right to Cure. If any default, other than a Default on Indebtedness, is curable and if Borrower or of Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 1 contract
Sources: Loan Agreement (Balance Bar Co)
Right to Cure. If any default, other than a Default default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a( 1) cures cure the default within fifteen (15) days; or (b2) if the cure requires more than fifteen (15) days, immediately initiates initiate steps which Lender deems in Lender's sole discretion to discreti▇▇ ▇▇ be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 1 contract
Sources: Business Loan Agreement (Category 5 Technologies Inc)
Right to Cure. If any default, other than a Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen (15) days; or (b) if it the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 1 contract
Sources: Loan Agreement (Orphan Medical Inc)
Right to Cure. If any default, other than a Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen twenty one (1521) days; or (b) if the cure requires more than fifteen twenty one (1521) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 1 contract
Sources: Negative Pledge Agreement (Universal Money Centers Inc)
Right to Cure. If any default, other than a Default on Indebtednessindebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 1 contract
Sources: Loan Agreement (United Medicorp Inc)
Right to Cure. If any default, other than a Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender's sole Lend▇▇'▇ ▇ole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.be
Appears in 1 contract
Sources: Promissory Note (Fafco Inc)
Right to Cure. If any default, other than a Default default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a1) cures cure the default within fifteen ((15) days; or (b2) if the cure requires more than fifteen (15115) days, immediately initiates initiate steps which Lender deems in Lender's ’s sole discretion to be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 1 contract
Sources: Business Loan Agreement (Portfolio Recovery Associates Inc)
Right to Cure. If any default, other than a Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: ; (a) cures cure the default within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 1 contract
Sources: Loan Agreement (Expresspoint Technology Systems Inc)
Right to Cure. If any default, other than a Default default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a1) cures cure the default within fifteen (15) days; or (b2) if the cure requires more than fifteen (15) days, immediately initiates initiate steps which Lender deems in Lender's sole Lend▇▇'▇ ▇ole discretion to be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 1 contract
Sources: Business Loan Agreement (Fafco Inc)
Right to Cure. If any default, other than a Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen twenty (1520) days; or (b) if the cure requires more than fifteen twenty (1520) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.. BUSINESS LOAN AGREEMENT (CONTINUED)
Appears in 1 contract
Sources: Business Loan Agreement (Transcrypt International Inc)
Right to Cure. If any default, other than a Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen ten (1510) days; or (b) if the cure requires more than fifteen ten (1510) days, immediately initiates steps which Lender deems in Lender's ’s sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 1 contract
Right to Cure. If any default, other than a Default default on IndebtednessIndebtedness which shall not be so considered a default unless not paid within five (5) business days of when due, is curable and if Borrower or Grantor, as the case may be, Grantor has not been given a prior notice of a similar default breach of the same provision of this Agreement within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving Lender sends written notice from Lender demanding cure of such default: , (a) cures the default within fifteen (15) days; or (b) ), if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender's ’s sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 1 contract
Right to Cure. If any default, other than a Default on Indebtedness, is curable and if Borrower or GrantorGuarantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or GrantorGuarantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 1 contract
Right to Cure. If any default, other than a Default default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a1) cures cure the default within fifteen (15) days; or (b2) if the cure requires more than fifteen (15) days, immediately initiates initiate steps which Lender deems in Lender's Lender`s sole discretion to be he sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 1 contract
Sources: Business Loan Agreement (Trimedia Entertainment Group Inc)
Right to Cure. If any default, other than a Default default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, . has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event Loan No: 109080155 (Continued) of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a1) cures cure the default within fifteen (15) days; or (b2) if the cure requires more than fifteen (15) days, immediately initiates initiate steps which Lender deems in Lender's Lenders sole discretion to be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 1 contract
Right to Cure. If any default, other than a Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen thirty (1530) days; or (b) if the cure requires more than fifteen thirty (1530) days, immediately initiates steps which Lender ▇▇▇▇▇▇ deems in Lender▇▇▇▇▇▇'s sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 1 contract
Right to Cure. If any default, other than a Default on Indebtednessindebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen thirty (1530) days; or (b) if the cure requires more than fifteen thirty (1530) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 1 contract
Sources: Loan Agreement (Ion Networks Inc)
Right to Cure. If any default, default other than a Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, Grantor as the case may be, be after receiving written notice from Lender demanding cure of such default: (a) cures the default within fifteen (15) days; days or (b) if It the cure requires more than fifteen (15) days, days immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 1 contract
Sources: Loan Agreement (RVM Industries Inc)
Right to Cure. If any default, other than a Default default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a1) cures cure the default within fifteen (15) days; or (b2) if the cure Cure requires more than fifteen (15) days, immediately initiates Initiate steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 1 contract
Right to Cure. If any default, other than a Default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within with the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a) cures the default within with fifteen (15) days; or (b) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender's sole discretion to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.reasonably
Appears in 1 contract
Right to Cure. If any default, other than a Default default on Indebtedness, is curable and if Borrower or Grantor, as the case may be, has not been given a notice of a similar default within the preceding twelve (12) months, it may be cured (and no Event of Default will have occurred) if Borrower or Grantor, as the case may be, after receiving written notice from Lender demanding cure of such default: (a1) cures cure the default within fifteen (15) days; or (b2) if the cure Cure requires more than fifteen (15) days, immediately initiates Initiate steps which Lender deems in Lender's sole discretion to be sufficient b▇ ▇▇▇▇icient to cure the default and thereafter continues continue and completes complete all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.
Appears in 1 contract