BUILDER'S DEFAULT. Notwithstanding anything to the contrary contained in this Agreement, Builder shall not be in breach or default hereunder unless Builder fails to cure any material breach of any obligation of Builder under this Agreement within ten (10) days after the Builder’s receipt of written notice of such default from Transferor, except that such cure period shall not apply to a Construction Default (defined below). If any such failure continues beyond such cure period, then Builder shall be in default under this Agreement (each, a “Builder Default”) and Transferor shall have the following remedies:
Appears in 2 contracts
Sources: Land Acquisition Agreement, Land Acquisition Agreement