Thirty Day Grace Period Sample Clauses
The Thirty Day Grace Period clause provides a set timeframe, typically thirty days, during which a party can remedy a failure to perform an obligation—such as making a payment or fulfilling a contractual duty—without facing penalties or default. In practice, if a party misses a payment or breaches a minor term, they have thirty days from the date of notice to correct the issue before the other party can take further action, such as terminating the contract or seeking damages. This clause serves to prevent immediate punitive measures for minor or inadvertent breaches, offering a fair opportunity to resolve issues and maintain the contractual relationship.
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Thirty Day Grace Period. An employee who fails the physical ability test will be given a grace period of thirty calendar days during which he/she may retake the test. During this thirty day grace period, the employee will be required to initiate and participate on duty in the rehabilitation provided for in the policy. However, the disincentives listed in the policy will not go into effect unless the employee fails to pass the test within the thirty day grace period.
Thirty Day Grace Period. If Maker fails to perform any other obligation contained in 54 this Promissory Note or accompanying Deed of Trust within thirty (30) days after written notice from 55 Holder specifying the nature of the default and what is necessary to cure. If the cure cannot reasonably 56 be completed by Maker within such 30-day period through the exercise of reasonable diligence, the 57 failure by Maker to commence the required cure within such 30-day period and thereafter to continue the 58 cure with diligence and to complete the cure within ninety (90) days following said written notice from 59 Holder shall constitute a default.
Thirty Day Grace Period. Failure of the Borrower to observe or perform any other covenant or agreement contained in this Agreement or any of the other Loan Documents, which shall remain unremedied for thirty (30) calendar days after written notice thereof shall have been given to the Borrower by CFC.
Thirty Day Grace Period. Failure of any Loan Party to observe or perform any covenant or agreement contained in this Agreement or any other Loan Document not otherwise covered by the other provisions of this Article 8, and such failure shall remain unremedied for thirty (30) calendar days after the earlier of (i) written notice thereof shall have been given to the Borrowers by the Lender or (ii) the date on which an officer of any Loan Party becomes aware of such failure.
Thirty Day Grace Period. If Buyer fails to perform any other obligation 183 contained in this Contract within thirty (30) days after written notice from Seller specifying the 184 nature of the default and what is necessary to cure. If the cure cannot reasonably be completed 185 by Buyer within such 30-day period through the exercise of reasonable diligence, the failure by 186 Buyer to commence the required cure within such 30-day period and thereafter to continue the 187 cure with diligence and to complete the cure within ninety (90) days following said written notice 188 from Seller shall constitute a default.