Notice of Default; Cure Period. In the event that there is a default by Lessor or Lessee (the “Defaulting Party”) with respect to any of the provisions of this Agreement or Lessor’s or Lessee’s obligations under this Agreement, the other party (the “Non-Defaulting Party”) shall give the Defaulting Party written notice of such default. After receipt of such written notice, the Defaulting Party shall have thirty (30) days in which to cure any monetary default and sixty (60) days in which to cure any non-monetary default. The Defaulting Party shall have such extended periods as may be required beyond the sixty (60) day cure period to cure any non-monetary default if the nature of the cure is such that it reasonably requires more than sixty (60) days to cure, and Defaulting Party commences the cure within the sixty (60) day period and thereafter continuously and diligently pursues the cure to completion. The Non-Defaulting Party may not maintain any action or effect any remedies for default against the Defaulting Party unless and until the Defaulting Party has failed to cure the same within the time periods provided in this Section.
Notice of Default; Cure Period. Should either party believe the other party is in default of this Agreement, the party who believes the other party is in default shall give a written notice of such belief. The party who is sent such notice shall have five (5) Business Days in the case of a monetary default, and ten (10) Business Days in the case of a non-monetary default, from the delivery date of the notice to cure such default.
Notice of Default; Cure Period. The non-defaulting Party shall provide written notice of the default to the other and the defaulting party shall have thirty (30) days from receipt of said notice to cure the default. Provided however, in such cases where a default cannot be cured within the thirty (30) day period by the exercise of diligent, commercially reasonable effort, the defaulting Party shall have an additional sixty (60) days to cure the default for a total of ninety (90) days after the Party not in default provides its notice of default.
Notice of Default; Cure Period. With respect to a default or breach by either Party hereunder, neither Party will be in default under this Agreement unless and until the other Party gives the defaulting Party written notice specifying the default or defaults and such default or defaults have not been cured within two (2) business days from the defaulting Party’s receipt of such notice.
Notice of Default; Cure Period. Upon the occurrence of a Tenant’s Default, Landlord shall, prior to exercising any remedies hereunder, give to Tenant, pursuant to the notice provisions hereof, a “Notice of Tenant’s Default,” which Notice of Tenant’s Default shall at the same time be given to any Leasehold Mortgagees of which Landlord has been notified in writing, and which shall provide in the case of a Xxxxxx’s Default described in Section 13.1 that Tenant shall cure such default within a period of thirty (30) days. With respect to any Tenant’s Default other than a default in the payment of money, which default is of such nature that it cannot, by due diligence, be cured within the foregoing periods of time, if Tenant shall promptly commence the curing of such default and so long as Tenant is employing reasonable efforts to cure such default, then Tenant shall be entitled to a reasonable period to cure such default. There shall exist an Event of Xxxxxx’s Default if a Tenant’s Default remains uncured after the giving of a Notice of Tenant’s Default and the expiration of the foregoing periods to cure. Any Leasehold Mortgagees shall have the rights and periods of time within which to cure or commence to cure any Tenant’s Default as are set forth in Section 9 hereof.
Notice of Default; Cure Period. Any default in the observance or performance of any material term, covenant or condition of this Agreement, including a failure to make any payment when due, shall constitute an event of default only if the default continues and is not cured for a period of thirty (30) days after written notice specifically setting forth the nature of the default has been given by the non-defaulting Party to the defaulting Party, or if more than thirty (30) days are reasonably required to cure such default and the defaulting Party has failed to commence to correct same within such thirty (30) day period and thereafter fails to prosecute the same to completion with reasonable diligence.
Notice of Default; Cure Period. In the Event of Default, the Corporation shall provide Pledgors Notice of the Event of Default pursuant to paragraph 12 hereof and of its intention, if any, to seek its remedies pursuant to paragraph 8 hereof. Upon receipt of Notice of an Event of Default, Pledgors shall have 30 days within which to cure said default (the “Cure Period”), provided, however, that in no event shall such Cure Period extend more than 5 days beyond Due Date.
Notice of Default; Cure Period. If MMC discontinues its obligation to supply ------------------------------ HICAM with the Chip Sets or is in breach of any of its obligations under the terms and conditions set forth in a Purchase Order, HICAM shall so notify MMC in writing, specifying in reasonable detail. A copy of such notice will be served simultaneously upon the Escrow Agent. For a period of ten days after service of such notice, MMC shall have the right to resume its supply of the Chip Sets or cure the identified breaches, whichever the case may be. In the event that, at the conclusion of such cure period, MMC does not resume supply of the Chip Sets to HICAM, or HICAM shall conclude in good faith that the identified breaches have not been cured, HICAM may so notify both MMC and the Escrow Agent, and such notice shall include a demand that the Escrow Agent release the Documentation to HICAM pursuant to the terms hereof. 5.3
Notice of Default; Cure Period. Anything contained in the provisions of this Paragraph to the contrary notwithstanding, no Event of Default Tenant shall not be deemed to have occurred, and Landlord shall not exercise any right or remedy which it holds under any provision of this Lease or under applicable law unless and until;
Notice of Default; Cure Period. The non-defaulting Party shall provide written notice of the default to the other and the defaulting party shall have thirty (30) days from receipt of said notice to cure the default. Provided however, in such cases where a default cannot be cured within the thirty (30) day period by the exercise of diligent, commercially reasonable effort, the defaulting Party shall have an additional sixty (60) days to cure the default for a total of ninety (90) days after the Party not in default provides its notice of default. Upon Commission approval and subject to Section 7.01. the remedies available to each Party shall include, without limitation: (i) refusal to grant any additional permission for Attachments to the other Party until the default is cured; (ii) termination of this Agreement; and (iii) injunctive relief.
