Common use of Extended Cure Period Clause in Contracts

Extended Cure Period. If, prior to the close of the Cure Period, the receiving party provides reasonably detailed written or documentary evidence of the need for more than thirty (30) days to cure the violation, and provides reasonably detailed written or documentary evidence of reasonable efforts by the receiving party to cure the violation within the Cure Period and of continuing diligent prosecution by the receiving party of that cure, then the receiving party shall be afforded such additional time as may be reasonably necessary to cure the violation, not to exceed one (1) year absent the parties’ mutual agreement to a later date (the “Extended Cure Period”).

Appears in 4 contracts

Samples: Community Benefits Agreement Strauss Wind Energy Project, Community Benefits Agreement, School Funding and Mitigation Agreement

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