Curing of Defaults. 8.7.1. If Trustor shall at any time fail to perform or comply with any of the terms, covenants and conditions required on Trustor's part to be performed and complied with under this Deed of Trust or any other Security Document relating to the Trust Estate (after the lapse of any cure period provided therein), then Beneficiary shall have the right, but not the obligation, without waiving or releasing any of the Secured Obligations, to:
Curing of Defaults. Upon the occurrence of a Default hereunder, Administrative Agent or any Lender, without waiving any right of acceleration or foreclosure under the Loan Documents which Administrative Agent or the Lenders may have by reason of such Default or any other right Administrative Agent or the Lenders may have against Borrower because of said Default, shall have the right (but not the obligation) to take such actions and make such payments as shall be necessary to cure such Default, including, without limitation, the making of Advances. All amounts so expended shall constitute Obligations and shall be payable by Borrower on demand by Administrative Agent.
Curing of Defaults. Upon the occurrence and during the continuance of a Default hereunder, without waiving any right of acceleration or foreclosure under the Loan Documents which Lender may have by reason of such Default or any other right Lender may have against Borrower because of said Default, Lender shall have the right (but not the obligation) to take such actions and make such payments as shall be necessary to cure such Default, including, without limitation, the making of Borrowings. All amounts so expended shall constitute Obligations and shall be payable by Borrower on demand by Lender.
Curing of Defaults. Upon the close of this Agreement the Purchaser agrees to provide funding to ORA to cure its mortgage payment default owed to AAL by next-day delivery to AAL of a check in the amount of $90,743.62. Within fifteen (15) days of the date of this Agreement, ORA agrees to enter into a settlement arrangement with the County of Los Angeles to pay any and all property taxes owed by ORA relating to its building at 9410 Xxxxxxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxxxx 00000. In addition, Purchaser shall arrange for Seller to be notified by AAL should ORA be in default in the future and if that default is not cured within forty-five (45) days after notice of default from AAL. If the default is not cured, Seller shall have the right to cure such default and thereafter shall have the right to sell the building under terms which will result in the release of Ruth Xxxxxx xxx Seller from any contingent liability to AAL. Any proceeds from the sale of the building over and above the payment of the mortgage and expenses related thereto, including any expenses of the Seller relating to such sale, shall be paid to ORA less ten percent (10%) of such net proceeds which shall be paid to Seller.
Curing of Defaults. Whenever MEDICAL CENTER or DISTRICT takes an action or fails to act and such action or failure to act constitutes a material default of the obligations of such Party under this Agreement, the Party not in default shall give the defaulting Party written notice thereof ("Notice of Default"). Such Notice of Default shall be set forth with specificity and describe in detail both the reasons why the non- defaulting Party believes that the defaulting Party has materially breached the terms and conditions of this Agreement and the proposed resolution for curing such default. The Party not in default shall grant the defaulting Party a period of ninety (90) days from and after receipt of such notice within which to cure such default. If the default specified is not the failure to pay money and it is not possible to correct such default within such ninety (90) day period, then such period shall be extended from time to time as long as the defaulting Party exercises and continues to exercise due diligence to remedy such default. The giving of such written notice of default and the granting of such period within which to cure such default shall be a condition precedent to the exercise of any other right or remedy by the Party not in default.
Curing of Defaults. Article VIII THE ADMINISTRATIVE AGENT
Curing of Defaults. 8.7.1 If Trustor shall at any time fail to perform or comply with any of the terms, covenants and conditions required on Trustor's part to be performed and complied with under this Deed of Trust or any other Loan Document relating to the Trust Estate (after the lapse of any cure period, if any, provided therein such that an Event of Default has occurred and is continuing as a result of such failure), then Beneficiary shall have the right, but not the obligation, without waiving or releasing any of the Secured Obligations, to:
Curing of Defaults. If the Initial Lessee at any time fails to maintain the Consolidated Net Worth required by Section 2, TBG, PCI or either Principal may, but is not required to, cure that failure within 45 days after it occurs by making a capital contribution to the Initial Lessee in an amount equal to the amount by which the Initial Lessee's Consolidated Net Worth is less than the amount so required. If any of the Principals, any Distributee, TBG, PCI or the Initial Lessee fails to make (or to cause to be made) any purchase required to be made under Section 3, or fails to hold (or to cause a Distributee to hold) Common Shares or Units for the period required under Section 3, any other entity required to make purchases under Section 3 may (but is not required to) cure that failure within 45 days after it occurs by purchasing that number of Common Shares or Units that is equal to the number of Common Shares or Units with respect to which that failure occurred and holding those Common Shares or Units in accordance with Section 3. The parties acknowledge that the Company may seek specific performance, damages or any other remedy available at law or otherwise for any uncured default by the Initial Lessee, TBG, PCI or either Principal under this Agreement.
Curing of Defaults. If Tenant shall default in the performance or observance of any covenant or condition herein contained on Tenant's part to be performed or observed for more than the applicable grace period, Landlord may perform the same for the account and at the expense of Tenant, and the expense of doing so, together with interest thereon at the rate of fifteen percent (15%) per annum, from the date of the advance therefor shall be immediately due and payable. If Landlord shall incur any expense, including reasonable attorney's fees, by instituting, prosecuting or defending any action or proceedings instituted by reason of default by Tenant, Tenant shall reimburse Landlord for the amount of such expense.
Curing of Defaults. The Licensor agrees that the Partnership and any Third Party shall have the right to cure any default by the Company under the License Agreement at any time during the ___-day period specified in Section ___ of the License Agreement. Partnership Option at Termination The Licensor hereby grants the Partnership an option to acquire all the license and other rights granted to the Company under the License Agreement (the "Company License Rights"), which option shall be exercisable at any time within 60 days after receipt by the Partnership of a copy of any notice of termination given to the Company terminating the License Agreement for any reason. The Licensor hereby grants the Partnership a license to use the Company License Rights in accordance with the provisions of the License Agreement during the period from such termination of the License Agreement until such option lapses unexercised.
