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

Notice of Default and Opportunity to Cure. If IDED has reasonable cause to believe that and Event of Default has occurred under this Master Contract and/or the Funding Agreements, IDED 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.

Appears in 4 contracts

Samples: Master Contract (Newlink Genetics Corp), Master Contract (Soy Energy, LLC), Master Contract (East Fork Biodiesel, LLC)

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Notice of Default and Opportunity to Cure. If IDED has reasonable cause to believe that and an Event of Default has occurred under this Master Contract and/or the Funding Agreements, IDED 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.

Appears in 1 contract

Samples: Funding Agreement (Homeland Energy Solutions LLC)

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