By Default. Should either party default in the performance of any of the terms or conditions of this Agreement, the other party shall deliver (personally or by certified mail) to the defaulting party written notice thereof specifying the matters in default. The defaulting party shall have ten (10) calendar days after its receipt of the written notice to cure such default. If the defaulting party fails to cure the default within such ten day period, this Agreement shall be terminated at 11:59 p.m. on the tenth day after receipt of the notice by the defaulting party.
Appears in 2 contracts
Sources: Administrative Services Only Agreement (National Western Life Insurance Co), Administrative Services Only Agreement (Aso) (National Western Life Insurance Co)
By Default. Should either party default in the performance of any of the terms or conditions of this Agreement, the other party shall deliver (personally or by certified mail) to the defaulting party written notice thereof specifying the matters in default. The defaulting party shall have ten thirty (1030) calendar days after its receipt of the written notice to cure such default. If the defaulting party fails to cure the default within such ten the thirty-day period, this Agreement shall be terminated terminate at 11:59 p.m. on the tenth thirtieth day after the receipt of the notice by the defaulting party.
Appears in 1 contract
Sources: Administrative Services Agreement