Time to Correct Clause Samples

Time to Correct. Termination upon a declared default or breach may be exercised only after service of formal written notice as specified in paragraph (4), and the subsequent failure of the defaulting party within 15 calendar days of receipt of that notice to provide evidence, satisfactory to the aggrieved party, showing that the declared default or breach has been corrected.
View SourceView Similar (40)
Time to Correct. Unless the breach is not curable, or unless circumstances do not permit an opportunity to cure, termination upon declared breach may be exercised only after service of formal written notice as specified in the notice section of this Agreement, and the subsequent failure of the breaching party within 15 calendar days of service of that notice to provide evidence, satisfactory to the aggrieved party, showing that the declared breach has been corrected. Upon a notice of breach, the time to correct and the time for termination of the contract upon breach shall run concurrently, unless the notice expressly states otherwise.
View SourceView Similar (14)
Time to Correct. Ter­mina­tion upon a declared de­fault or breach may be exer­cised only after ser­vice of for­mal writ­ten no­tice as specified in paragraph four (4), and the subsequent failure of the defaulting party within fifteen (15) calen­dar days of receipt of that notice to provide evidence, satisfac­tory to the ag­grie­ved party, showing that the declared de­fault or breach has been corrected.
View SourceView Similar (3)
Time to Correct. Termination, and the exercise of any other remedies, upon a declared default or breach may be exercised only after service of formal written notice as specified in subparagraph C of this paragraph, and the subsequent failure of the defaulting party within thirty (30) calendar days after receipt of that notice to provide evidence, satisfactory to the aggrieved party, showing that the declared default or breach has been corrected, or, if additional time is required for correction, showing the amount of time reasonably required, together with a description of the actions to be taken and the time by which the default or breach shall be corrected.
View Source
Time to Correct. The reasonableness of the time afforded to the Party or Parties alleged to have breached this Settlement Agreement pursuant to Section 11.02 of this Settlement Agreement to cure the alleged breach and engage in dispute resolution processes shall be determined by considering the circumstances, including the potential harm, injury, or damages that are or may result from the alleged breach and the extent to which such harm, injury, or damages has the potential to worsen with the passage of time.‌
View Source
Time to Correct. Termination upon a declared default or breach may be exercised only after service of formal written notice as specified in paragraph (4), and the subsequent failure of the defaulting party within 15 calendar days of receipt of written notice of such default or to provide evidence, satisfactory to the aggrieved party, showing that the declared default or breach has been corrected (“Cure Period”) or if the default cannot be reasonably cured within the Cure Period, the failure of the defaulting part to commence such cure within the Cure Period and diligently proceed to effectuate such cure.
View Source

Related to Time to Correct

  • Duty to Correct During the one year period of the warranty and guaranty, any defects of material or workmanship that become apparent shall be the responsibility of the Contractor until and unless the Contractor can show abuse or design defect. The Contractor shall immediately correct all defects that become known during the one year period at no cost to the Owner unless notice is given to the Design Professional, Owner and Using Agency, prior to correcting the defect that the cause of the defect is the result of abuse or design deficiency.

  • Failure to Complete If the Recipient fails, for any reason whatsoever, to complete all of the following by November 30, 2025, June 30, 2025, this Agreement shall terminate immediately and without further action, and all of the Parties’ rights and obligations shall become null and void, including, without limitation, the City’s obligation to pay the Award to the Recipient: (1) complete the Improvements in accordance with this Agreement; (2) apply for and receive from the City a full and binding certificate of occupancy for the Improvements; and (3) obtain all City, state, and federal certificates, licenses, permissions, and approvals necessary to occupy Property for the purposes identified in the Application Documents.