Common use of Notice of Default and Opportunity to Cure Clause in Contracts

Notice of Default and Opportunity to Cure. If IEDA has reasonable cause to believe that an Event of Default has occurred under this Contract IEDA shall issue a written Notice of Default to the Business, setting forth the nature of the alleged default in reasonable specificity, and providing therein a reasonable period time, which shall not be fewer than thirty (30) days from the date of the Notice of Default, in which the Business shall have an opportunity to cure, provided that cure is possible and feasible.

Notice of Default and Opportunity to Cure. If IEDA has reasonable cause to believe that an Event of Default has occurred under this Contract Contract, IEDA shall issue a written Notice of Default to the Business, Recipient setting forth the nature of the alleged default in reasonable specificity, specificity and providing therein a reasonable period of time, which shall not be fewer than thirty (30) days from the date of the Notice of Default, in during which the Business Recipient shall have an opportunity to cure, provided that cure is possible and feasible.