Common use of Uncured Events of Default Clause in Contracts

Uncured Events of Default. ‌ An Event of Default shall become an Uncured Event of Default as follows: (a) for any Rent not paid when due, if such Event of Default continues for a period of thirty (30) calendar days from the postmarked date of written notice of the Event of Default sent by the Port; (b) for any other Event of Default, if not cured within thirty (30) calendar days of the postmarked date of written notice of the Event of Default by the Port, or such failure continues for thirty (30) calendar days after such receipt, or if by its nature such Event of Default by Airline cannot be cured within such thirty (30) day period, Airline fails to commence to cure or remove such Event of Default by Airline within said thirty (30) calendar days and to cure or remove the same as promptly as reasonably possible thereafter, using all reasonable due diligence; (c) except to the extent that Airline is protected by the provisions of the bankruptcy code, for any petition in bankruptcy not dismissed within sixty (60) calendar days after the filing date; and (d) after the occurrence of three (3) or more separate Events of Default specified in Section 31.1 by Airline during any Fiscal Year, regardless of whether those Events of Defaults were cured by the Airline.

Uncured Events of Default. ‌ An Event of Default shall become an Uncured Event of Default as follows: (a) for any Rent not paid when due, if such Event of Default continues for a period of thirty (30) calendar days from the postmarked date of written notice of the Event of Default sent by the Port; (b) for any other Event of Default, if not cured within thirty (30) calendar days of the postmarked date of written notice of the Event of Default by the Port, or such failure continues for thirty (30) calendar days after such receipt, or if by its nature such Event of Default by Airline Carrier cannot be cured within such thirty (30) day period, Airline Carrier fails to commence to cure or remove such Event of Default by Airline Carrier within said thirty (30) calendar days and to cure or remove the same as promptly as reasonably possible thereafter, using all reasonable due diligence; (c) except to the extent that Airline Carrier is protected by the provisions of the bankruptcy code, for any petition in bankruptcy not dismissed within sixty (60) calendar days after the filing date; and (d) after the occurrence of three (3) or more separate Events of Default specified in Section 31.1 25.1 by Airline Carrier during any Fiscal Year, regardless of whether those Events of Defaults Default were cured by the AirlineCarrier.