Cure Report definition
Cure Report means a written report provided by Grantee to the Authority, signed by an officer of Grantee authorized to bind Grantee, setting forth the proposed plan by Grantee to cure any default hereunder.
Examples of Cure Report in a sentence
The Authority shall evaluate the Cure Report within thirty (30) days and may accept, modify, or reject the proposed plan.
If the Authority rejects the plan set forth in a Cure Report, it shall have no further obligation to disburse further Grant funds, regardless of whether the Authority has disbursed the entire amount of the Grant.
Upon either the date of written notice from the Authority of the rejection of the Cure Report plan, or notice from the Authority that no further cure is available, repayment of the Grant shall be immediately due and owing to the Authority (“Recapture Payment”).
Cure Report listing SRD’s that need to be cured or fixed if the document did not meet the requirements for admittance.