Common use of Cure of Default Clause in Contracts

Cure of Default. Upon default, LENDER shall give BORROWER written notice of default either in person or by mail. Mailing of written notice by LENDER to BORROWER via U.S. Postal Service Certified Mail shall constitute prima facie evidence of delivery. BORROWER shall have fifteen (15) days after receipt of written notice of default from LENDER to cure said default. In the case of default due solely to BORROWER’s failure to make a timely payment as called for in this Agreement, BORROWER may cure the default by making full payment of any principal and accrued interest (including interest on these amounts) whose payment to LENDER is overdue under the Agreement and, also, the late−payment penalty described below.

Cure of Default. Upon default, LENDER shall give BORROWER written notice of default either in person or by maildefault. Mailing of written notice by LENDER to BORROWER via U.S. Postal Service Certified Mail shall constitute prima facie evidence of delivery. BORROWER shall have fifteen (15) 15 days after receipt of written notice of default from LENDER to cure said default. In the case of default due solely to BORROWER’s ’S failure to make a timely payment as called for in this Agreementloan agreement, BORROWER may cure the default by either: (i) making full payment of any principal and accrued interest (including interest on these amounts) whose payment to LENDER is overdue under the Agreement loan agreement and, also, the late−payment late-payment penalty described below; or (ii) release collateral to LENDER as described in paragraph B “Collateral”, above.

Cure of Default. Upon default, LENDER shall give BORROWER written notice of default either in person or by maildefault. Mailing of written notice by LENDER to BORROWER via U.K. or U.S. Postal Service Certified Mail shall constitute prima facie evidence of delivery. BORROWER shall have fifteen (15) 15 days after receipt of written notice of default from LENDER to cure said default. In the case of default due solely to BORROWER’s ’S failure to make a timely payment as called for in this Agreementloan agreement, BORROWER may cure the default by either: (i) making full payment of any principal and accrued interest (including interest on these amounts) whose payment to LENDER is overdue under the Agreement loan agreement and, also, the late−payment late-payment penalty described below.

Cure of Default. Upon default, LENDER shall give BORROWER written notice of default either in person or by maildefault. Mailing of written notice by LENDER XXXXXX to BORROWER via U.K. or U.S. Postal Service Certified Mail shall constitute prima facie evidence of delivery. BORROWER shall have fifteen (15) 15 days after receipt of written notice of default from LENDER to cure said default. In the case of default due solely to BORROWER’s XXXXXXXX’S failure to make a timely payment as called for in this Agreementloan agreement, BORROWER may cure the default by either: (i) making full payment of any principal and accrued interest (including interest on these amounts) whose payment to LENDER is overdue under the Agreement loan agreement and, also, the late−payment late-payment penalty described below.

Cure of Default. Upon default, LENDER shall give BORROWER written notice of default either in person or by maildefault. Mailing of written notice by LENDER LXXXXX to BORROWER via U.S. Postal Service Certified Mail shall constitute prima facie evidence of delivery. BORROWER shall have fifteen (15) 15 days after receipt of written notice of default from LENDER to cure said default. In the case of default due solely to BORROWER’s BXXXXXXX’S failure to make a timely payment as called for in this Agreementloan agreement, BORROWER may cure the default by either: (i) making full payment of any principal and accrued interest (including interest on these amounts) whose payment to LENDER is overdue under the Agreement loan agreement and, also, the late−payment late-payment penalty described below; or (ii) release collateral to LENDER as described in paragraph B “Collateral”, above.