Common use of Procedure Regarding Defaults Clause in Contracts

Procedure Regarding Defaults. For purposes of this Agreement, a Party claiming another Party is in Default shall be referred to as the “Complaining Party,” and the Party alleged to be in Default shall be referred to as the “Party in Default.” A Complaining Party shall not exercise any of its remedies as the result of Default unless such Complaining Party first gives notice to the Party in Default as provided in this Section, and the Party in Default fails to cure such Default within the applicable cure period.

Appears in 3 contracts

Samples: Development Agreement Napa Pipe, Development Agreement Napa Pipe, Development Agreement Napa Pipe

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Procedure Regarding Defaults. For purposes of this Agreement, a Party claiming another Party is in Default shall be referred to as the “Complaining Party,” and the Party alleged to be in Default shall be referred to as the “Party in Default.” A Complaining Party shall not exercise any of its remedies as the result of Default unless such Complaining Party first gives notice to the Party in Default as provided in this SectionSection 21, and the Party in Default fails to cure such Default within the applicable cure period.

Appears in 1 contract

Samples: Development Agreement Caymus Vineyards

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