Cure of Defaults. If at any time after an event of default and prior to the actual sale of the Vessel by the Mortgagee or prior to any enforcement or foreclosure proceedings the Shipowner offers completely to cure all events of default and to pay all expenses, advances and damages to the Mortgagee consequent on such events of default, with interest at the interest rate set forth in Section 1.07(b) of the Credit Agreement, then the Mortgagee may, but shall not be obligated to, accept such offer and payment and restore the Shipowner to its former position, but such action, if taken, shall not affect any subsequent event of default or impair any rights consequent thereon.
Cure of Defaults. County shall be provided with the proposed assignee’s specific plans to cure any and all delinquencies under this Lease which may be identified by County, whether identified before or after the date of the proposed assignment.
Cure of Defaults. Guarantor hereby covenants and agrees with Landlord that if an event of default as described in Section 12.01 of the Lease shall at any time occur in the payment of any sums due under the Lease by Tenant or in the performance of any other Guaranteed Obligations, Guarantor shall and will forthwith upon demand pay all sums and any arrears thereof owed to Landlord, with payment to Landlord in legal currency of the United States of America for the payment of public and private debts, and Guarantor shall further take all other actions necessary to cure such event of default and perform such obligations of Tenant.
Cure of Defaults. Section 1123(d).
Cure of Defaults. If the Borrower shall have, within fifteen (15) days after the occurrence thereof, removed and remedied each event of default as set forth herein, then in every such case, the Secretary shall waive any such event of default; but no such waiver shall extend to nor affect any subsequent or other event of default nor impair any rights or remedies consequent thereon.
Cure of Defaults. Subject to Bankruptcy Court Approval, the Sellers shall, on or prior to the Closing, cure any and all defaults and breaches under and satisfy any Liability arising from or relating to pre-Closing periods under the Assumed Contracts so that such Assumed Contracts may be assumed by Sellers and assigned to Buyer in accordance with the provisions of Section 365 of the Bankruptcy Code and this Agreement. Each Seller agrees that it will promptly take such actions as are reasonably necessary or desirable to obtain a Final Order of the Bankruptcy Court providing for the assumption and assignment of the Assumed Contracts.
Cure of Defaults. Subject to the terms of the Indenture, if at any time after an Event of Default and prior to the actual sale of the Ship by the Mortgagee or prior to any enforcement or foreclosure proceedings, the Shipowner offers completely to cure all Events of Default and to pay all expenses, advances and damages to the Mortgagee consequent on such Events of Default, with interest with respect to the Shipowner's obligations as provided herein or in the Indenture or the Working Capital Facility Agreement as set forth therein, then the Mortgagee may, but shall not be required to, accept such offer and payment and restore the Shipowner to its former position, but such action, if taken, shall not affect any subsequent Event of Default or impair any rights consequent thereon.
Cure of Defaults. 22 SECTION 10.
Cure of Defaults. Cure any Event of Default without releasing any Obligor from any obligation hereunder or under the Loan Documents. In connection with exercising its right to cure an Event of Default, Lender may enter upon any Place of Business and do such acts and things as Lender deem necessary or desirable to protect the collateral pledged under any Security Instrument, including, without limitation: (i) paying, purchasing, contesting or compromising any encumbrance, charge, lien, claim of lien, tax, assessment, fine, or other imposition; (ii) paying any insurance premiums and (iii) employing counsel, accountants, contractors and other appropriate persons to assist Lender in the foregoing.
Cure of Defaults. Seller shall (i) cure any default in base rental payments (other than defaults that Seller is contesting in good faith) arising under the Leases and known by Seller to be outstanding as of the Closing Date; and (ii) use commercially reasonable efforts to cure any and all other defaults known by Seller to be outstanding as of the Closing Date with respect to the Assigned Contracts.
