Termination in Event of Default. An Event of Default shall be any breach of this Agreement. The Lender shall give two (2) days notice to cure any Event of Default. In addition to the right of termination set out in Article 2.2, the Lender may, in the Event of Default by the Borrower or the Student, terminate this Agreement upon one (1) days notice after the two (2) day period for rectification of default has passed if rectification to the satisfaction of the Lender has not occurred.
Appears in 3 contracts
Sources: Mobile Technology Device Loan and Use Agreement, Mobile Technology Device Loan and Use Agreement, Mobile Technology Device Loan and Use Agreement