Common use of By the STATE Clause in Contracts

By the STATE. Subject to Force Majeure as provided in Section 11.5, the occurrence of any of the following events shall constitute an event of default by the State under this Agreement: (1) The State fails to cure its breach of an obligation under this Agreement within thirty (30) days after the State receives notice from LAEP of the breach; provided, that if such breach cannot reasonably be cured during such 30-day period, the State will be entitled to an additional thirty (30)-day period within which to cure its breach, so long as it will have begun to cure such breach within the initial thirty (30)-day period and is diligently pursuing such cure; or (2) any of the State’s representations or warranties herein proves to have been misleading or false in any material respect when made and, within thirty (30) days of receipt of notice from LAEP, the State does not cure the underlying facts so as to make the representation or warranty correct and not misleading.

By the STATE. Subject to Force Majeure as provided in Section 11.5, the occurrence of any of the following events shall constitute an event of default by the State under this Agreement: (1) The State fails to cure its breach of an obligation under this Agreement within thirty (30) days after the State receives notice from LAEP LEP of the breach; provided, that if such breach cannot reasonably be cured during such 30-day period, the State will be entitled to an additional thirty (30)-day period within which to cure its breach, so long as it will have begun to cure such breach within the initial thirty (30)-day period and is diligently pursuing such cure; or (2) any of the State’s representations or warranties herein proves to have been misleading or false in any material respect when made and, within thirty (30) days of receipt of notice from LAEPLEP, the State does not cure the underlying facts so as to make the representation or warranty correct and not misleading.