Common use of Non-Monetary Default Clause in Contracts

Non-Monetary Default. Failure in the performance of any of the agreements, conditions, covenants, provisions or stipulations contained in the Loan Documents which is not cured within one hundred twenty (120) days from written notice thereof from the Lender to the Borrower.

Appears in 10 contracts

Sources: Loan Agreement (Phoenix Capital Group Holdings, LLC), Loan Agreement (Phoenix Capital Group Holdings, LLC), Loan Agreement (Phoenix Capital Group Holdings, LLC)