City Default. Owner shall provide City with written notice of City’s failure (“City Default”) to strictly abide by any material provision of this Covenant Agreement. City shall have thirty (30) days from the date of such notice to either cure such City Default, or, if such City Default cannot be reasonably cured during such thirty (30) day period, to commence to cure within said thirty (30) day period and diligently prosecute such cure to completion thereafter.
Appears in 2 contracts
Samples: Operating Covenant Agreement, Operating Covenant Agreement
City Default. Owner shall provide City with written notice of City’s failure (“City Default”) to strictly abide by perform any material provision of this Covenant Agreement. City shall have thirty (30) days from the date of such notice to either cure such City Default, or, if such City Default cannot be reasonably cured during such thirty (30) day period, to commence to cure within said thirty (30) day period and diligently prosecute such cure to completion thereafter.
Appears in 2 contracts
Samples: Operating Covenant Agreement, Operating Covenant Agreement
City Default. Owner shall provide City with written notice of City’s failure (“City Default”) to strictly abide by any material provision of this Covenant Agreement. City shall have thirty (30) days from the date of such notice to either cure such City Default, or, if such City Default cannot be reasonably cured during such thirty (30) day period, to commence to cure within said thirty (30) day period and diligently prosecute such cure to completion thereafter. If Owner intends to terminate this Agreement resulted from an uncured City Default, it shall provide City 6 months’ notice.
Appears in 2 contracts
Samples: Operating Covenant Agreement, Operating Covenant Agreement
City Default. Owner shall provide City with written notice of City’s failure (“City Default”) to strictly abide by any material provision of this Covenant Agreement. City shall have thirty (30) days from the date of such notice to either cure such City Default, or, if such City Default cannot be reasonably cured during such thirty (30) day period, to commence DocuSign Envelope ID: 38A1EA6B-AD61-4A57-9232-346E4807CE41 to cure within said thirty (30) day period and diligently prosecute such cure to completion thereafter.
Appears in 1 contract
Samples: Operating Covenant Agreement