Default by the Developer. A default by Developer shall exist after notice and hearing and an opportunity to cure as hereinafter provided if (a) Developer fails to cure any noncompliance specified in any written notice of noncompliance within a reasonable time after receipt of the notice of noncompliance; and (b) Developer otherwise breaches or fails to comply with any obligation of Developer under this Agreement. Notice of Default as to SIP improvements must be given prior to expiration of the warranty period for such phase of the SIP improvements as hereinafter provided.
Appears in 2 contracts
Sources: Site Improvement Plan Improvements Agreement, Site Improvement Plan Improvements Agreement