Common use of Time to Cure Clause in Contracts

Time to Cure. a. If a monetary event of default occurs under the terms of any of the Loan Documents, prior to exercising any remedies thereunder the Department shall give Borrower written notice of such default. Borrower shall have a period of seven (7) days after such notice is given within which to cure the default prior to exercise of remedies by the Department under the Loan Documents, or such longer period of time as may be specified in the Loan Documents.

Time to Cure. a. If a monetary event of default occurs under the terms of any of the Loan DocumentsDocuments (including this Agreement), prior to exercising any remedies thereunder the Department shall give Borrower written notice of such default. Borrower shall have a period of seven fifteen (715) calendar days after such notice is given within which to cure the default prior to exercise of remedies by the Department under the Loan Documents, or such longer period of time as may be specified in the Loan Documents.

Time to Cure. a. If a monetary event of default occurs under the terms of any of the Loan DocumentsDocuments (including this Agreement), prior to exercising any remedies thereunder the Department shall give Borrower written notice of such default. Borrower shall have a period of seven (7) calendar days after such notice is given within which to cure the default prior to exercise of remedies by the Department under the Loan Documents, or such longer period of time as may be specified in the Loan Documents.

Time to Cure. a. If a monetary event of default occurs under the terms of any of the Loan Documents, prior to exercising any remedies thereunder the Department shall give Borrower written notice of such default. Borrower shall have a period of seven fifteen (715) days after such notice is given within which to cure the default prior to exercise of remedies by the Department under the Loan Documents, or such longer period of time as may be specified in the Loan Documents.