Cure Period definition
Examples of Cure Period in a sentence
Notwithstanding the foregoing, any Defect or Breach which causes any Mortgage Loan not to be a Qualified Mortgage shall be deemed to materially and adversely affect the interests of Certificateholders therein, and (subject to the applicable Mortgage Loan Seller’s right to cure such Defect or Breach during the Initial Cure Period) such Mortgage Loan shall be repurchased or substituted for without regard to the Extended Cure Period described in the preceding sentence.
If the Compliance Warranty Breach is not remedied by the breaching Party within at most [*] months after the occurrence of the Compliance Warranty Breach (the Warranty Breach Cure Period), the non-breaching Party will be entitled to terminate this Lease immediately upon written notice following the expiry of the Warranty Breach Cure Period (without any liability for the non-breaching Party towards the other (breaching) Party for such termination).
If the Partially Diluted Ownership Percentage of the BAT Group Permitted Holders does not meet or exceed 10% following the expiration of the Nominee Cure Period, the Board observation and nomination rights contained in this Article 2 shall terminate and be of no further force and effect.
In case of a Compliance Warranty Breach which is not capable of being remedied, the non-breaching Party will be entitled to terminate this Lease immediately and the Warranty Breach Cure Period shall not apply.