Common use of Cure Provisions Clause in Contracts

Cure Provisions. If any default, other than a default in payment is curable and if Borrower has not been given a notice of a breach of the same provision of this Agreement within the preceding twelve (12) months, it may be cured if borrower, after receiving written notice from Lender demanding cure of such default: (1) cures the default within thirty (30) days; or (2) if the cure requires more than thirty (30) 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. LENDER’S RIGHTS. Upon default, Lender may declare the entire unpaid principal balance under this Agreement and all accrued unpaid interest immediately due, and then borrower will pay that amount.

Appears in 1 contract

Samples: Change in Terms Agreement (Pure Earth, Inc.)

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Cure Provisions. If any default, other than a default in payment is curable and if Borrower has not been given a notice of a 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 borrowerBorrower, after receiving written notice from Lender demanding cure of such default: (1) cures the default within thirty five (305) days; or (2) if the cure requires more than thirty five (305) 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. LENDER’S 'S RIGHTS. Upon default, Lender may may, after giving such notices as required by applicable law, declare the entire unpaid principal balance under on this Agreement and all accrued unpaid interest immediately due, and then borrower Borrower will pay that amount.

Appears in 1 contract

Samples: Change in Terms Agreement (Insci Statements Com Corp)

Cure Provisions. If any default, other than a default in payment is curable and if Borrower has not been given a notice of a breach of the same provision of this Agreement Note within the preceding twelve (12) months, it if may be cured if borrowerBorrower, after receiving Xxxxxx sends written notice from Lender to Borrower demanding cure of such default: (1) cures the default within thirty fifteen (3015) days; or (2) if If the cure requires more than thirty fifteen (3015) days, immediately initiates [ILLEGIBLE] 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. LENDER’S RIGHTS. Upon default, Lender Xxxxxx may declare the entire [ILLEGIBLE] unpaid principal balance under this Agreement Note and all accrued unpaid interest immediately due, and then borrower than Borrower will pay that amount.

Appears in 1 contract

Samples: Business Loan Agreement (First Light Bancorp)

Cure Provisions. If any default, other than a default in payment is curable and if Borrower has not been given a notice of a breach of the same provision of this Agreement Note within the preceding twelve (12) months, it may be cured (and no event of default will have occurred) if borrowerBorrower, after receiving written notice from Lender demanding cure of such default: (1) cures the default within thirty ten (3010) days; or (2) if the cure requires more than thirty ten (3010) days, immediately initiates steps which Lender deems in Lender’s 's sole discretion to be sufficient to cure the default and thereafter xxereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as PROMISSORY NOTE LOAN NO: 9001 (CONTINUED) PAGE 2 ================================================================================ reasonably practical. LENDER’S 'S RIGHTS. Upon default, Lender may declare the entire unpaid principal balance under on this Agreement Xxxx and all accrued unpaid interest immediately due, and then borrower Borrower will pay that amount.

Appears in 1 contract

Samples: Meadow Valley Corp

Cure Provisions. If any default, other than a default in payment is curable and if Borrower has not been given a notice of a 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 borrowerBorrower, after receiving written notice from Lender demanding cure of such default: (1) cures the default within thirty fifteen (3015) days; or (2) if the cure requires more than thirty fifteen (3015) 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. LENDER’S 'S RIGHTS. Upon default, Lender may declare the entire unpaid principal balance under on this Agreement and all accrued unpaid interest immediately due, and then borrower Borrower will pay that amount.

Appears in 1 contract

Samples: Fafco Inc

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Cure Provisions. If any default, other than a default in payment is curable and if Borrower has not been given a notice of a breach of the same provision of this Agreement Note within the preceding twelve (12) months12)months, it may be cured (and no event of default will have occurred) if borrowerBorrower, after receiving written notice from Lender demanding cure of such default: (1) cures the default within thirty ten (3010) days; or (2) if the cure requires more than thirty ten (3010) 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. LENDER’S RIGHTS. Upon default, Lender may declare the entire unpaid principal balance under on this Agreement Note and all accrued unpaid interest immediately due, and then borrower Borrower will pay that amount.

Appears in 1 contract

Samples: Champion Industries Inc

Cure Provisions. If any default, other than a default in payment is curable and if Borrower has not been given a notice of a breach of the same provision of this Agreement Note within the preceding twelve (12) months, it may be cured if borrowerBorrower, after receiving written notice from Lender demanding cure of such default: (1) cures the default within thirty fifteen (30I5) days; or (2) if the cure requires more than thirty fifteen (3015) 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. LENDER’S RIGHTS. Upon default, Lender may declare the entire unpaid principal balance under on this Agreement Note and all accrued unpaid interest immediately due, and then borrower Borrower will pay that amount.

Appears in 1 contract

Samples: Business Loan Agreement (Uroplasty Inc)

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