Common use of OPERATOR'S DEFAULT Clause in Contracts

OPERATOR'S DEFAULT. If Operator shall fail in the material performance of or material compliance with any of the material covenants, agreements, terms or conditions contained in this Agreement and shall continue for a period of thirty (30) days after written notice thereof from NYRA to Operator specifying in detail the nature of such failure, or, in the case such failure cannot with due diligence be cured within such period of thirty (30) days, if Operator fails to proceed promptly and with all due diligence to cure the same and thereafter to prosecute the curing of such failure with all due diligence, it being intended that in connection with a failure not susceptible of being cured with due diligence within thirty (30) days that the time within which to cure the same shall be extended for such period as may be necessary to complete the same with all due diligence unless such failure is not susceptible to cure regardless of time period in which case no cure period shall be provided;

OPERATOR'S DEFAULT. If Operator shall fail in the material performance of or material compliance with any of the material covenants, agreements, terms or conditions contained in this Agreement and such failure shall continue for a period of thirty fifteen (3015) days after written notice thereof from NYRA Owner to Operator specifying in detail the nature of such failure, or, in the case such failure cannot with due diligence be cured within such period of thirty fifteen (3015) days, if Operator fails to proceed promptly and with all due diligence to cure the same and thereafter to prosecute the curing of such failure with all due diligence, diligence (it being intended that in connection with a failure not susceptible of being cured with due diligence within thirty fifteen (3015) days that the time within which to cure the same shall be extended for such period as may be necessary to complete the same with all due diligence unless such failure is not susceptible to cure regardless of time period in which case no cure period shall be provided;diligence).