Common use of Uncured Events of Default Clause in Contracts

Uncured Events of Default. Upon the occurrence of an Event of Default which can be cured by the immediate payment of money to City or a third party, Contractor shall have thirty (30) days from written notice from City to Contractor of an occurrence of such Event of Default to cure same before City may exercise any of its rights or remedies provided for in the Contract. Upon the occurrence of an Event of Default by Contractor which cannot be cured by the immediate payment of money to City or a third party, the City shall be entitled to any and all rights and remedies in law or equity, pursuant to the Contract, including, but not limited to, an emergency takeover, the imposition of liquidated damages and the termination of the Contract. If any Event of Default is not cured within the time period allowed for curing the Event of Default, as provided for herein, such Event of Default shall, without additional notice, become an Uncured Event of Default, which shall entitle City to exercise the remedies provided for in the Contract. Any actions specified in this, or any other, section will only be taken in compliance with A.R.S. §§ 36-2217, 2232-33, and subject to Arizona Department of Health Services approval.