{"component": "clause", "props": {"groups": [{"snippet": "The occurrence of any of the following, except to the extent constituting a Monetary Default: (a) any failure of a Party to perform any of such Party\u2019s obligations under this Agreement; (b) any failure of a Party to comply with any material restriction or prohibition in this Agreement; or (c) any other event or circumstance that, with passage of time or giving of Notice, or both, would constitute a breach of this Agreement by a Party.", "snippet_links": [{"key": "except-to-the-extent", "type": "clause", "offset": [40, 60]}, {"key": "monetary-default", "type": "clause", "offset": [76, 92]}, {"key": "failure-of-a", "type": "clause", "offset": [102, 114]}, {"key": "such-party", "type": "clause", "offset": [139, 149]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [152, 184]}, {"key": "comply-with", "type": "clause", "offset": [216, 227]}, {"key": "material-restriction", "type": "definition", "offset": [232, 252]}, {"key": "in-this-agreement", "type": "clause", "offset": [268, 285]}, {"key": "other-event-or-circumstance", "type": "clause", "offset": [298, 325]}, {"key": "passage-of-time", "type": "clause", "offset": [337, 352]}, {"key": "giving-of-notice", "type": "clause", "offset": [356, 372]}, {"key": "breach-of-this-agreement", "type": "definition", "offset": [402, 426]}, {"key": "by-a-party", "type": "clause", "offset": [427, 437]}], "samples": [{"hash": "iWrfSToasZe", "uri": "/contracts/iWrfSToasZe#non-monetary-default", "label": "Subrecipient Agreement", "score": 35.0478553772, "published": true}, {"hash": "94U0pNwEQns", "uri": "/contracts/94U0pNwEQns#non-monetary-default", "label": "Maintenance Assessment District Management Agreement", "score": 33.6650123596, "published": true}, {"hash": "aHzveCKmEyz", "uri": "/contracts/aHzveCKmEyz#non-monetary-default", "label": "Business Improvement District Management Agreement", "score": 32.8090171814, "published": true}], "size": 18, "hash": "f550502c87fb7c5c33c1acdaa5734d0d", "id": 1}, {"snippet": "If any representation or warranty provided for herein proves to be materially inaccurate, or if either party breaches any non-monetary covenant provided for herein or defaults in the performance of any non-monetary term, condition, or provision of this Agreement and the default is not cured within thirty (30) days (if capable of being cured within that time) after the non-defaulting party gives written notice to the defaulting party of such default, the non-defaulting party shall have the right to terminate this Agreement immediately upon the expiration of such thirty (30) day period. If the nature of the default is such that more that thirty (30) days are required for cure, the non-defaulting party shall have the right to terminate upon written notice if the defaulting party fails to commence efforts to cure such default within the thirty (30) day period and in any event such cure is not completed within 75 days of the commencement of such 30-day period.", "snippet_links": [{"key": "representation-or-warranty", "type": "clause", "offset": [7, 33]}, {"key": "if-either-party", "type": "clause", "offset": [93, 108]}, {"key": "any-non", "type": "clause", "offset": [118, 125]}, {"key": "in-the-performance", "type": "clause", "offset": [176, 194]}, {"key": "provision-of", "type": "clause", "offset": [235, 247]}, {"key": "within-thirty", "type": "clause", "offset": [292, 305]}, {"key": "capable-of-being-cured", "type": "definition", "offset": [320, 342]}, {"key": "the-non", "type": "clause", "offset": [367, 374]}, {"key": "defaulting-party", "type": "clause", "offset": [375, 391]}, {"key": "notice-to-the", "type": "clause", "offset": [406, 419]}, {"key": "right-to-terminate-this-agreement", "type": "clause", "offset": [494, 527]}, {"key": "immediately-upon-the", "type": "clause", "offset": [528, 548]}, {"key": "expiration-of", "type": "clause", "offset": [549, 562]}, {"key": "day-period", "type": "definition", "offset": [580, 590]}, {"key": "nature-of-the", "type": "clause", "offset": [599, 612]}, {"key": "upon-written-notice", "type": "clause", "offset": [743, 762]}, {"key": "efforts-to-cure", "type": "clause", "offset": [805, 820]}, {"key": "not-completed", "type": "clause", "offset": [898, 911]}, {"key": "commencement-of", "type": "clause", "offset": [934, 949]}], "samples": [{"hash": "k8PwG3zlcbs", "uri": "/contracts/k8PwG3zlcbs#non-monetary-default", "label": "License Agreement (VapAria Corp)", "score": 27.0752906799, "published": true}, {"hash": "9M2ESlseSI8", "uri": "/contracts/9M2ESlseSI8#non-monetary-default", "label": "License Agreement (VapAria Corp)", "score": 27.0752906799, "published": true}, {"hash": "48nLlRsD1Gb", "uri": "/contracts/48nLlRsD1Gb#non-monetary-default", "label": "License Agreement (VapAria Corp)", "score": 27.0752906799, "published": true}], "size": 5, "hash": "386596e1947f2b926bc7f23f184efaa0", "id": 6}, {"snippet": "If the default is of a non-monetary nature (for so long as such non-monetary default is not caused by a Proceeding of or involving Senior Borrower or during such Non-Monetary Cure Period a Proceeding of or involving Senior Borrower does not occur), each Junior Lender shall have until the later of (a) ten (10) Business Days from the receipt (or deemed receipt) of the Senior Loan Default Notice and (b) the expiration of the Senior Borrower\u2019s cure period to cure such non-monetary default (a \u201cNon-Monetary Cure Period\u201d); provided, however, if such non-monetary default cannot reasonably be cured within such period or if no cure period is provided and, if applicable, curative action was commenced by such Junior Lender within the Non-Monetary Cure Period and, if there is a cure period, is being diligently pursued by a Junior Lender (or with respect to a non-monetary default that is not susceptible of cure, if a Junior Lender shall be diligently pursuing the foreclosure of its Equity Collateral and such non-monetary default does not materially impair the value, use or operation of the Premises, all as determined in the reasonable judgment of Senior Lender), then such Junior Lender only shall be given an additional period of time as is reasonably necessary for such Junior Lender in the exercise of due diligence to cure such non-monetary default (or, in the case of any such non-monetary default as described above that is not susceptible of cure, then such Junior Lender shall be given an additional period of time as is reasonably necessary for such Junior Lender in the exercise of due diligence to complete such foreclosure), for so long as (1) such Junior Lender diligently and expeditiously proceeds to cure such non-monetary default (or with respect to a non-monetary default that is not susceptible of cure, if such Junior Lender shall be diligently pursuing the foreclosure of its Equity Collateral and after foreclosure of its Equity Collateral diligently pursues the cure of such non-monetary default, and such non-monetary default does not materially impair the value, use or operation of the Premises, all as determined in the reasonable judgment of Senior Lender), (2) timely payment of Senior Lender\u2019s regularly scheduled monthly interest and amortization payments under the Senior Loan and any other amounts due under the Senior Loan Documents is made, (3) such additional period of time does not exceed sixty (60) days, unless such non-monetary default is of a nature that cannot be cured within such sixty (60) days without ownership of such Junior Lender\u2019s Equity Collateral or is not susceptible to cure, in which case such Junior Lender shall have such additional time as is reasonably necessary to gain ownership of its Equity Collateral, provided that such Junior Lender is continuously and diligently pursuing the ownership of its Equity Collateral and, if applicable, after foreclosure of its Equity Collateral diligently pursues the cure of such non-monetary default, and such non-monetary default does not materially impair the value, use or operation of the Premises, all as determined in the reasonable judgment of Senior Lender, (4) such non-monetary default is not caused by a Proceeding of or involving Senior Borrower or during such Non-Monetary Cure Period a Proceeding of or involving Senior Borrower does not occur, and (5) during such Non-Monetary Cure Period, with respect to such non-monetary default (and any additional period of time provided for above), there is no further material adverse effect on Senior Borrower, the Senior Loan or the value, use or operation of the Premises taken as a whole, all as determined in the reasonable judgment of Senior Lender (such additional Non-Monetary Cure Period, an \u201cExtended Non-Monetary Cure Period\u201d). Notwithstanding anything to the contrary contained herein, in no event shall any Extended Non-Monetary Cure Period extend beyond the date that is five (5) years prior to the Rated Final Distribution Date. If a Junior Lender is exercising its cure right, it shall consult with the applicable Senior Junior Lenders and keep such Senior Junior Lenders informed as to its progress. The Non-Monetary Cure Period and any additional cure period granted hereunder to a Junior Lender electing to cure a non-monetary default of Senior Borrower (including, with respect to a non-monetary default that is not susceptible of cure, any additional time as is reasonably necessary for a Junior Lender to foreclose on its Equity Collateral) shall automatically terminate upon the commencement of a Proceeding involving the Senior Borrower, unless the Proceeding is dismissed in which case the right will be deemed reinstated from and after such dismissal to the extent the other conditions of this Section 12(a) are satisfied. Notwithstanding the foregoing, if a Junior Lender abandons its cure efforts during a Non-Monetary Cure Period or Extended Non-Monetary Cure Period or fails to satisfy any of the conditions set forth in clauses (1), (2), (3), (4) and (5) above during a Non-Monetary Cure Period or Extended Non-Monetary Cure Period, then (A) such Junior Lender\u2019s cure rights with respect to the applicable non-monetary default (but not any other non-monetary default) shall immediately terminate and (B) notwithstanding any other Junior Lenders\u2019 earlier election not to cure the applicable non-monetary default, such other Junior Lenders shall be entitled to succeed to all rights under the existing Non-Monetary Cure Period or Extended Non-Monetary Cure Period, upon written notice to the Senior Lender, so long as any such other Junior Lender promptly commences and thereafter diligently pursues its rights against its Separate Collateral and the conditions set forth in clauses (1), (2), (3), (4) and (5) above are satisfied.", "snippet_links": [{"key": "a-non", "type": "clause", "offset": [21, 26]}, {"key": "monetary-default", "type": "clause", "offset": [68, 84]}, {"key": "caused-by", "type": "clause", "offset": [92, 101]}, {"key": "senior-borrower", "type": "definition", "offset": [131, 146]}, {"key": "period-a", "type": "definition", "offset": [180, 188]}, {"key": "business-days", "type": "definition", "offset": [311, 324]}, {"key": "deemed-receipt", "type": "clause", "offset": [346, 360]}, {"key": "senior-loan-default-notice", "type": "definition", "offset": [369, 395]}, {"key": "expiration-of-the", "type": "clause", "offset": [408, 425]}, {"key": "period-to-cure", "type": "clause", "offset": [449, 463]}, {"key": "no-cure-period", "type": "clause", "offset": [622, 636]}, {"key": "if-applicable", "type": "definition", "offset": [654, 667]}, {"key": "curative-action", "type": "clause", "offset": [669, 684]}, {"key": "the-non", "type": "clause", "offset": [728, 735]}, {"key": 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2290]}, {"key": "other-amounts-due", "type": "clause", "offset": [2321, 2338]}, {"key": "senior-loan-documents", "type": "definition", "offset": [2349, 2370]}, {"key": "ownership-of", "type": "clause", "offset": [2553, 2565]}, {"key": "additional-time", "type": "clause", "offset": [2685, 2700]}, {"key": "provided-that", "type": "definition", "offset": [2772, 2785]}, {"key": "material-adverse-effect-on", "type": "definition", "offset": [3527, 3553]}, {"key": "taken-as-a-whole", "type": "clause", "offset": [3634, 3650]}, {"key": "additional-non", "type": "clause", "offset": [3720, 3734]}, {"key": "notwithstanding-anything-to-the-contrary-contained", "type": "clause", "offset": [3798, 3848]}, {"key": "in-no-event-shall", "type": "clause", "offset": [3857, 3874]}, {"key": "prior-to-the", "type": "clause", "offset": [3959, 3971]}, {"key": "rated-final-distribution-date", "type": "definition", "offset": [3972, 4001]}, {"key": "the-applicable", "type": "clause", "offset": [4074, 4088]}, {"key": "senior-junior-lenders", "type": "definition", "offset": [4089, 4110]}, {"key": "additional-cure-period", "type": "definition", "offset": [4213, 4235]}, {"key": "commencement-of", "type": "clause", "offset": [4561, 4576]}, {"key": "the-right", "type": "clause", "offset": [4670, 4679]}, {"key": "to-the-extent", "type": "clause", "offset": [4736, 4749]}, {"key": "conditions-of-this", "type": "clause", "offset": [4760, 4778]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [4808, 4837]}, {"key": "the-conditions", "type": "clause", "offset": [4982, 4996]}, {"key": "in-clauses", "type": "clause", "offset": [5007, 5017]}, {"key": "cure-rights", "type": "definition", "offset": [5153, 5164]}, {"key": "other-non", "type": "clause", "offset": [5230, 5239]}, {"key": "all-rights", "type": "clause", "offset": [5460, 5470]}, {"key": "existing-non", "type": "clause", "offset": [5481, 5493]}, {"key": "notice-to-the", "type": "clause", "offset": [5566, 5579]}, {"key": "other-junior-lender", "type": "definition", "offset": [5615, 5634]}, {"key": "separate-collateral", "type": "definition", "offset": [5711, 5730]}], "samples": [{"hash": "5cpXiZr8blv", "uri": "/contracts/5cpXiZr8blv#non-monetary-default", "label": "Intercreditor Agreement (Harrahs Entertainment Inc)", "score": 21.6707725525, "published": true}], "size": 7, "hash": "6b7189d654fa9561f78117c83ae0d017", "id": 4}, {"snippet": "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.", "snippet_links": [{"key": "in-the-performance", "type": "clause", "offset": [8, 26]}, {"key": "the-agreements", "type": "clause", "offset": [37, 51]}, {"key": "contained-in", "type": "definition", "offset": [103, 115]}, {"key": "the-loan-documents", "type": "clause", "offset": [116, 134]}, {"key": "notice-thereof", "type": "clause", "offset": [204, 218]}, {"key": "the-lender", "type": "clause", "offset": [224, 234]}, {"key": "to-the-borrower", "type": "definition", "offset": [235, 250]}], "samples": [{"hash": "6X5tJDKiW3r", "uri": "/contracts/6X5tJDKiW3r#non-monetary-default", "label": "Loan Agreement (Phoenix Capital Group Holdings, LLC)", "score": 33.8254620123, "published": true}, {"hash": "gUcpKdjxFc9", "uri": "/contracts/gUcpKdjxFc9#non-monetary-default", "label": "Loan Agreement (Phoenix Capital Group Holdings, LLC)", "score": 33.5407255305, "published": true}, {"hash": "cYSan01LWl6", "uri": "/contracts/cYSan01LWl6#non-monetary-default", "label": "Loan Agreement (Phoenix Capital Group Holdings, LLC)", "score": 33.0479125977, "published": true}], "size": 12, "hash": "6619c5ed6ad7d4e03f266f5e50a1890b", "id": 2}, {"snippet": "The term \"Non-Monetary Default\" means any failure by Tenant to comply with any terms or provisions of, or perform as required by, this Restated Lease, other than a Material Monetary Default or a Non-Material Monetary Default. A Bankruptcy Default shall be considered a Non-Monetary Default.", "snippet_links": [{"key": "the-term", "type": "definition", "offset": [0, 8]}, {"key": "comply-with", "type": "clause", "offset": [63, 74]}, {"key": "provisions-of", "type": "clause", "offset": [88, 101]}, {"key": "as-required-by", "type": "clause", "offset": [114, 128]}, {"key": "material-monetary-default", "type": "definition", "offset": [164, 189]}, {"key": "a-non", "type": "clause", "offset": [193, 198]}, {"key": "default-shall", "type": "definition", "offset": [239, 252]}], "samples": [{"hash": "axNjHaEDuaT", "uri": "/contracts/axNjHaEDuaT#non-monetary-default", "label": "Master Lease (Getty Realty Corp /Md/)", "score": 18.0, "published": true}, {"hash": "3C1XaSvWazd", "uri": "/contracts/3C1XaSvWazd#non-monetary-default", "label": "Master Lease (Getty Petroleum Marketing Inc /Md/)", "score": 18.0, "published": true}], "size": 4, "hash": "60aa7b67a21286e3323c2c39248be1a6", "id": 9}, {"snippet": "Any Non-Monetary Default, other than those specifically addressed in Section 2.21.2, Section 2.21.3, or Section 2.21.4, that is not cured within thirty (30) days after Notice to the Party in Default describing the Non-Monetary Default in reasonable detail. In the case of such a Non-Monetary Default that cannot with reasonable diligence be cured within thirty (30) days after the effective date of a Notice of Default, the Party asserted to be in Default shall only be in Default if such Party does not do all of the following: (a) within thirty (30) days after Notice of such Non-Monetary Default, advise the other Party of the intention of the Party in Default to take all reasonable steps to cure such Non-Monetary Default;", "snippet_links": [{"key": "any-non", "type": "clause", "offset": [0, 7]}, {"key": "monetary-default", "type": "clause", "offset": [8, 24]}, {"key": "within-thirty", "type": "clause", "offset": [138, 151]}, {"key": "party-in-default", "type": "definition", "offset": [182, 198]}, {"key": "the-non", "type": "clause", "offset": [210, 217]}, {"key": "in-the-case", "type": "clause", "offset": [257, 268]}, {"key": "a-non", "type": "clause", "offset": [277, 282]}, {"key": "reasonable-diligence", "type": "clause", "offset": [317, 337]}, {"key": "date-of", "type": "clause", "offset": [391, 398]}, {"key": "notice-of-default", "type": "definition", "offset": [401, 418]}, {"key": "default-shall", "type": "definition", "offset": [448, 461]}, {"key": "default-if", "type": "clause", "offset": [473, 483]}, {"key": "such-party", "type": "clause", "offset": [484, 494]}, {"key": "party-of-the", "type": "clause", "offset": [617, 629]}, {"key": "reasonable-steps-to-cure", "type": "clause", "offset": [676, 700]}], "samples": [{"hash": "aHzveCKmEyz", "uri": "/contracts/aHzveCKmEyz#non-monetary-default", "label": "Business Improvement District Management Agreement", "score": 32.8090171814, "published": true}, {"hash": "9olwmcJjA98", "uri": "/contracts/9olwmcJjA98#non-monetary-default", "label": "Business Improvement District Management Agreement", "score": 32.4623756409, "published": true}, {"hash": "4slHKMlMQt5", "uri": "/contracts/4slHKMlMQt5#non-monetary-default", "label": "Business Improvement District Management Agreement", "score": 32.4623756409, "published": true}], "size": 9, "hash": "cee2bd55d210e79195c76b58b2611578", "id": 3}, {"snippet": "Any Non-Monetary Default, other than those specifically addressed in Section 2.29.2 or Section 2.29.3 that is not cured within thirty (30) days after Notice to the Party in Default describing the Non-Monetary Default in reasonable detail. In the case of such a Non-Monetary Default that cannot with reasonable diligence be cured within thirty (30) days after the effective date of a Notice of Default, the Party asserted to be in Default shall only be in Default if such Party does not do all of the following: (a) within thirty (30) days after Notice of such Non-Monetary Default, advise the other Party of the intention of the Party in Default to take all reasonable steps to cure such Non-Monetary Default; (b) duly commence such cure within such thirty (30) day period; and (c) diligently prosecute such cure to completion within a reasonable time under the circumstances.", "snippet_links": [{"key": "any-non", "type": "clause", "offset": [0, 7]}, {"key": "monetary-default", "type": "clause", "offset": [8, 24]}, {"key": "within-thirty", "type": "clause", "offset": [120, 133]}, {"key": "party-in-default", "type": "definition", "offset": [164, 180]}, {"key": "the-non", "type": "clause", "offset": [192, 199]}, {"key": "in-the-case", "type": "clause", "offset": [239, 250]}, {"key": "a-non", "type": "clause", "offset": [259, 264]}, {"key": "reasonable-diligence", "type": "clause", "offset": [299, 319]}, {"key": "date-of", "type": "clause", "offset": [373, 380]}, {"key": "notice-of-default", "type": "definition", "offset": [383, 400]}, {"key": "default-shall", "type": "definition", "offset": [430, 443]}, {"key": "default-if", "type": "clause", "offset": [455, 465]}, {"key": "such-party", "type": "clause", "offset": [466, 476]}, {"key": "party-of-the", "type": "clause", "offset": [599, 611]}, {"key": "reasonable-steps-to-cure", "type": "clause", "offset": [658, 682]}, {"key": "day-period", "type": "definition", "offset": [762, 772]}, {"key": "reasonable-time", "type": "definition", "offset": [836, 851]}], "samples": [{"hash": "iWrfSToasZe", "uri": "/contracts/iWrfSToasZe#non-monetary-default", "label": "Subrecipient Agreement", "score": 35.0478553772, "published": true}, {"hash": "amD1mKLWlcx", "uri": "/contracts/amD1mKLWlcx#non-monetary-default", "label": "Subrecipient Agreement", "score": 30.5308132172, "published": true}, {"hash": "6UoXbDRpzwv", "uri": "/contracts/6UoXbDRpzwv#non-monetary-default", "label": "Subrecipient Agreement", "score": 23.6817245483, "published": true}], "size": 6, "hash": "a9d662cce3413d241f0fce6589bf15a4", "id": 5}, {"snippet": "Tenant's failure (other than a Monetary Default) -------------------- to comply with any term, provision or covenant of this Lease, if the failure is not cured within fifteen (15) days after written notice to Tenant. However, if Tenant's failure to comply cannot reasonably be cured within fifteen (15) days, Tenant shall be allowed additional time (not to exceed sixty (60) days) as is reasonably necessary to cure the failure so long as: (1) Tenant commences to cure the failure within fifteen (15) days, and (2) Tenant diligently pursues a course of action that will cure the failure and bring Tenant back into compliance with the Lease. However, if Tenant's failure to comply creates a hazardous condition, the failure must be cured immediately upon notice to Tenant. In addition, if Landlord provides Tenant with notice of Tenant's failure to comply with any particular term, provision or covenant of the Lease on three (3) occasions during any twelve (12) month period, Tenant's subsequent violation of such term, provision or covenant shall, at Landlord's option, be an incurable event of default by Tenant.", "snippet_links": [{"key": "monetary-default", "type": "clause", "offset": [31, 47]}, {"key": "covenant-of", "type": "clause", "offset": [108, 119]}, {"key": "days-after", "type": "definition", "offset": [180, 190]}, {"key": "notice-to-tenant", "type": "definition", "offset": [199, 215]}, {"key": "if-tenant", "type": "clause", "offset": [226, 235]}, {"key": "tenant-shall", "type": "clause", "offset": [309, 321]}, {"key": "additional-time", "type": "clause", "offset": [333, 348]}, {"key": "not-to-exceed", "type": "definition", "offset": [350, 363]}, {"key": "reasonably-necessary", "type": "clause", "offset": [387, 407]}, {"key": "course-of-action", 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"Default and Remedies"]], "id": "non-monetary-default", "related": [["monetary-default", "Monetary Default", "Monetary Default"], ["bankruptcy-defaults", "Bankruptcy Defaults", "Bankruptcy Defaults"], ["covenant-default", "Covenant Default", "Covenant Default"], ["non-bankruptcy-defaults", "Non-Bankruptcy Defaults", "Non-Bankruptcy Defaults"], ["termination-on-material-default", "Termination on Material Default", "Termination on Material Default"]], "related_snippets": [], "updated": "2026-02-25T05:25:33+00:00", "also_ask": ["What objective standards should define a non-monetary default to avoid ambiguity?", "How can cure periods and notice requirements be structured to protect both parties?", "What are the most common pitfalls in enforcing non-monetary default clauses in court?", "How does this clause compare to industry norms or statutory requirements?", "What negotiation leverage does a non-monetary default clause provide in dispute resolution?"], "drafting_tip": "Specify triggering events, outline cure periods, and detail remedies to ensure clarity, provide fair opportunity to remedy breaches, and support enforceability.", "explanation": "A Non-Monetary Default clause defines what constitutes a breach of contract that does not involve the failure to pay money. This can include violations such as failing to perform required services, not providing necessary documentation, or breaching confidentiality obligations. The clause typically outlines the process for notifying the defaulting party and may provide a cure period to remedy the breach. Its core function is to ensure that all important obligations beyond payment are enforceable, providing a clear mechanism for addressing and resolving non-financial breaches."}, "json": true, "cursor": ""}}