Notice of Default and Right to Cure. In the event of any default, other than Annual Tax Increment Deficit, in or any breach of this Agreement or any of its terms or conditions by any party hereto, then in such event(s) the non-defaulting party shall give written notice of the default to the other party. The defaulting party may then remedy such default or breach within sixty (60) days after receipt of such notice. If not so cured within said period of time, the non- defaulting party may exercise any right or remedy provided for herein. In the event the particular breach or default cannot be cured within said sixty (60) day period, then so long as the defaulting party commences to cure such default within said period of time, diligently pursues the cure and does in fact cure the same within a reasonable time, there shall be deemed no default. This Section
Appears in 4 contracts
Samples: Tax Incremental Financing Successor Developer’s Performance Agreement, Tax Incremental Financing, Tax Incremental Financing Developer’s Performance Agreement
