Common use of Cure Provisions Clause in Contracts

Cure Provisions. If any default, other than a default in payment or failure to satisfy Lender's requirement in the Insufficient Market Value of Securities section is curable and if Borrower has not been given a notice of a breach of the same provision of this Note within the preceding twelve (12) months, it may be cured (and no event of default will have occurred) if Borrower, after receiving written notice from Lender demanding cure of such default: (1) cures the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender's sole discretion xx xx sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 4 contracts

Samples: Promissory Note (Georgia Bancshares Inc//), Promissory Note (Georgia Bancshares Inc//), Peoples Bancorp Inc

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Cure Provisions. If any default, other than a default in payment or failure to satisfy Lender's ’s requirement in the Insufficient Market Value of Securities section is curable and if Borrower Grantor has not been given a notice of a breach of the same provision of this Note Agreement within the preceding twelve (12) months, it may be cured (and no event of default will have occurred) if BorrowerGrantor, after receiving written notice from Lender demanding cure of such default: (1) cures the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender's ’s sole discretion xx xx 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.

Appears in 3 contracts

Samples: www.sec.gov, Pledge Agreement (Zimmer Alan M), Pledge Agreement (Zimmer Alan M)

Cure Provisions. If any default, other than a default in payment or failure to satisfy Lender's requirement in the Insufficient Market Value of Securities section is curable and if Borrower Grantor has not been given a notice of a breach of the same provision of this Note Agreement within the preceding preceding, twelve (12) months, it may be cured (and land no event of default will have occurred) if BorrowerGrantor, after receiving written notice from Lender demanding cure of such default: (1) cures the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in Lender's sole discretion xx xx 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.

Appears in 2 contracts

Samples: Commercial Pledge Agreement (Peoples Bancorp Inc), Pledge Agreement (Peoples Bancorp Inc)

Cure Provisions. If any default, other than a default in payment or failure to satisfy Lender's requirement in the Insufficient Market Value of Securities section is curable and if Borrower Grantor has not been given a notice of a breach of the same provision of this Note Agreement within the preceding twelve (12) months, it may be cured (and no event of default will have occurred) if BorrowerGrantor, after receiving written notice from Lender demanding cure of such default: (1) cures the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender Xxxxxx deems in LenderXxxxxx's sole discretion xx xx 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.

Appears in 1 contract

Samples: Commercial Pledge Agreement (LSB Industries Inc)

Cure Provisions. If any defaultEvent of Default, other than a default in payment or failure payment, is curable, and, with respect to satisfy Lender's requirement an Event of Default arising due to a breach of a negative covenant as set forth in the Insufficient Market Value of Securities section is curable and Section 6, if Borrower has not been given a notice of a breach of the same provision of this Note covenant within the preceding twelve (12) months, it may be cured (and no event of default will have occurred) if Borrower, after receiving written notice from Lender demanding cure of such default: (1) cures the default within fifteen thirty (1530) days; or (2) if the cure requires more than fifteen thirty (1530) days, immediately initiates steps which Lender deems in Lender's ’s sole discretion xx xx to be sufficient to cure the default and thereafter continues and completes all reasonable and necessary steps sufficient to produce pursue compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Loan Agreement (Community First Inc)

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Cure Provisions. If any default, other than a default in payment or failure to satisfy Lender's requirement in the Insufficient Market insufficient book Value of Securities section is curable and if Borrower has not been given a notice of a breach of the same provision of this Note within the preceding twelve (12) months, it may be cured (and no event of default will have occurred) if Borrower, after receiving written notice from Lender demanding cure of such default: (1) cures the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender deems in LenderLxxxxx's sole discretion xx xx 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.

Appears in 1 contract

Samples: Promissory Note (Community Bancorp Inc)

Cure Provisions. If any default, other than a default in payment or failure to satisfy Lender's Creditor’s requirement in the Insufficient Market Value of Securities section is curable and if Borrower Debtor has not been given a notice of a breach of the same provision of this Note Agreement within the preceding twelve (12) months, it may be cured (and no event of default will have occurred) if BorrowerDebtor, after receiving written notice from Lender Creditor demanding cure of such default: (1) cures the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiates steps which Lender Creditor deems in Lender's Creditor’s sole discretion xx xx 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.

Appears in 1 contract

Samples: Non Competition Agreement (Teco Energy Inc)

Cure Provisions. If any default, other than a default in payment or failure to satisfy Lender's requirement in the Insufficient insufficient Market Value of or Securities section is curable and if Borrower Grantor has not been given a notice of a breach of the same provision of this Note Agreement within the preceding twelve (12) months, it may be cured (and no event of default will have occurred) if BorrowerGrantor, after receiving written notice from Lender demanding cure of such default: (1) cures the default within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, days immediately initiates steps which Lender deems in Lender's sole discretion xx xx to be sufficient to cure the default default; and thereafter continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical.

Appears in 1 contract

Samples: Commercial Pledge and Security Agreement (Bj Chicago LLC)

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