Option to Cure Sample Clauses

Option to Cure. If thirty (30) days after any notice or demand with respect to any breach or default, such breach or default remains uncured, each such holder of a mortgage shall (and every Mortgage or other instrument of encumbrance made prior to completion of the Private Improvements by Redeveloper or its successors in interest shall so provide) have the right, at its option, to cure or remedy such breach or default and to add the cost thereof to the mortgage debt and the lien of its Mortgage. If the Mortgage holder commences efforts to cure the default within such period and the default cannot, in the exercise of due diligence, be cured within such period, the holder shall have the right to diligently continue to cure the default. In the event the holder fails to cure, then the City shall have the remedies provided for in this Redevelopment Agreement.
AutoNDA by SimpleDocs
Option to Cure. If thirty (30) days after any notice or demand with respect to any breach or default, such breach or default remains uncured, each such Holder shall (and every Mortgage or other instrument of encumbrance made prior to completion of the Private Improvements by Redeveloper or its successors in interest shall so provide) have the right, at its option, to cure or remedy such breach or default and to add the cost thereof to the mortgage debt and the lien of its Mortgage; provided, that if the breach or default is with respect to construction of the Project Site, nothing contained in this section or any other section of this Agreement shall be deemed to permit or authorize.
Option to Cure. If sixty (60) days after any notice or demand with respect to any breach or default, such breach or default remains uncured, each such Holder shall (and every Mortgage made prior to completion of the Redeveloper Improvements by Redeveloper or its successors in interest shall so provide) have the right, at its option, to cure or remedy such breach or default and to add the cost thereof to the mortgage debt and the lien of its Mortgage; provided, that if the breach or default is with respect to construction of the Redeveloper Improvements, nothing contained in this section or any other section of this Agreement shall be deemed to require Holder to cure the default.
Option to Cure. If thirty (30) days after any notice or demand with respect to any breach or default, such breach or default remains uncured, each such Holder shall (and every Deed of Trust, Mortgage or other instrument of encumbrance made prior to completion of the Redeveloper Improvements by Redeveloper or its successors in interest shall so provide) have the right, at its option, to cure or remedy such breach or default and to add the cost thereof to the debt and the lien of its Deed of Trust or Mortgage; provided, that if the breach or default is with respect to construction of the Project Site, nothing contained in this section or any other section of this Agreement shall be deemed to permit or authorize.
Option to Cure. If thirty (30) days after any notice or demand with respect to any breach or default, such breach or default remains uncured, each such Holder shall (and every Mortgage or other instrument of encumbrance made prior to completion of the Private Improvements by Redeveloper or its successors in interest shall so provide) have the right, at its option, to cure or remedy such breach or default and to add the cost thereof to the mortgage debt and the lien of its Mortgage; provided, that if the breach or default is with respect to construction of the Redevelopment Project, nothing contained in this section or any other section of this Agreement shall be deemed to permit or authorize the Holder to modify the Redevelopment Project approved by the City. In the event the Holder fails to cure, the City shall have the remedies provided within this Agreement.
Option to Cure. Any uncured breach of this Agreement by Provider shall give SHBB the option of immediately terminating this Agreement and retrieving the Safety Device from Provider’s facility. SHBB shall be responsible for the cost to retrieve the Baby Box and shall not be responsible for restoration of the building. SHBB agrees not to cause damage to the building in removing the box. If Provider is notified by SHBB that the Safety Device is not properly functional or lacks monitoring required by this Agreement, then SHBB may order the Safety Device secured and locked until further inspection. Provider shall have thirty (30) days to cure any lack of monitoring or improper functioning of the Safety Device, such time may be extended by any delay attributable to SHBB. If Provider does not cure any lack of monitoring or improper functioning of the Safety Device within the initial thirty (30) day period upon SHBB’s review and report, Provider may have an additional thirty
Option to Cure. (1) In the event of a title, Survey or environmental objection by Buyer, City will have the option, but not the obligation, to cure the objection and will notify Buyer of its election within ten (10) business days after receipt of the objection. In the event that the City elects to cure the objection, it will have sixty (60) days from the date of the notice of election, or such other reasonable time as the parties may agree, to cure the objection. In the event that the City does not elect to cure the objection, or, having elected to cure the objection fails to timely do so to Buyer’s satisfaction, Buyer will have the option to:
AutoNDA by SimpleDocs
Option to Cure. If thirty (30) days after any notice or demand with respect to any breach or default, such breach or default remains uncured, Redeveloper and each holder or a mortgage shall (and every mortgage made prior to substantial completion of the Redeveloper Private Improvements by Redeveloper or its successors in interest shall so provide) have the right, at its option, to cure or remedy such breach or default and to add the cost thereof to the debt and lien of its mortgage. In the even the holder fails to cure, then the City shall have the remedies provided in this Agreement.
Option to Cure. If sixty (60) days after any notice or demand with respect to any breach or default as referred to in Section 702, such breach or default remains uncured as defined in Section 901, each such Holder shall (and every Mortgage or other instrument of encumbrance made prior to completion of Redevelopment Property by Center or its successors in interest shall so provide) have the right, at its option, to begin the cure or remedy of such breach or default by written notice to the City within such sixty (60) day period, and to add the cost thereof to the mortgage debt and the lien of its Mortgage.
Option to Cure. If thirty (30) days after any notice or demand with respect to any breach or default, such breach or default remains uncured, each such Holder shall (and every Mortgage or other instrument of encumbrance made prior to completion of the Private Improvements by Redeveloper or its successors in interest shall so provide) have the right, at its option, to cure or remedy such breach or default within 60 days after receipt of the notice or demand and to add the cost thereof to the mortgage debt and the lien of its Mortgage; provided, that if the breach or default is with respect to construction of the Private Improvements, nothing contained in this paragraph or any other paragraph of this Amended Agreement shall be deemed to permit or authorize the Holder to modify this Amended Agreement. If the Holder commences efforts to cure the default within such sixty (60) day period, the Holder shall have the right to diligently continue to cure the defaults. In the event the Holder fails to cure, then the City shall have the remedies provided for in this Amended Agreement.
Time is Money Join Law Insider Premium to draft better contracts faster.