Common use of Term Termination Default Clause in Contracts

Term Termination Default. a. This Agreement shall remain in effect for so long as the Pathway Easement remains in effect, or unless otherwise agreed in writing by the parties hereto, or unless sooner terminated as provided herein. b. It shall constitute a default hereunder if Developer fails to perform any obligation required to be performed by it hereunder, and such failure continues for a period of thirty (30) calendar days after written notice thereof from the City, specifying in reasonable detail the nature of such non-performance. No default will be deemed to exist if the cure is commenced within the cure period and diligently pursued to completion within sixty (60) calendar days after the written notice is issued.

Term Termination Default. a. This Agreement shall remain in effect for so long as the Pathway Easement remains in effect, or unless otherwise agreed in writing by the parties hereto, or unless sooner terminated as provided herein. b. It shall constitute a default hereunder if Developer fails to perform any obligation required to be performed by it hereunder, and such failure continues for a period of thirty ten (3010) calendar days after written notice thereof from the City, specifying in reasonable detail the nature of such non-performance. No default will be deemed to exist if the cure is commenced within the cure period and diligently pursued to completion within sixty thirty (6030) calendar days after the written notice is issuedissued or such longer period as City and Developer agree is reasonable in the circumstances.