Cure the default definition

Cure the default or "cure" means to perform the obligations under the contract which are described in the notice of intent to forfeit and which are in default, to pay the costs and attorneys' fees prescribed in the contract, and, subject to RCW 61.30.090(1), to make all payments of money required of the purchaser by the contract which first become due after the notice of intent to forfeit is given and are due when cure is tendered.
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Examples of Cure the default in a sentence

  • Cure the default and obtain reimbursement and cover from the Vendor.

  • Cure the default and the expense of curing such default shall thereupon become part of the Obligations secured hereby and shall be payable by Debtor to Bank upon demand of Bank, together with interest thereon at the highest rate allowed by law.

  • If the Defaulting Party fails to Cure the default to the satisfaction of the Terminating Party, in the Terminating Party’s sole and absolute discretion, the Agreement will terminate at the end of the 45-day cure period.

  • Cure the default and charge the Developer for the costs therefore, including administrative costs and interest in an amount equal to seven percent (7%) per annum from the date of default.

  • In the event of Landlord’s default, ▇▇▇▇▇▇ has the following remedies: (i) Cure the default on behalf of Landlord, and Landlord shall pay the reasonable costs of such cure upon written demand; and/or (ii) pursue any other remedy now or hereafter available under the law.

  • Cure the default, and in such event Golden Phoenix shall, immediately, reimburse Silver Global for all its costs in connection with cure including interest as provided below.

  • If Tenant is in default under the Lease, then in addition to any other rights provided by the Lease or by law, Landlord has the option to do any of the following: (1) Terminate the Lease by giving Tenant notice of termination; (2) Without terminating the Lease, relet all or any part of the Premises for Tenant's account or otherwise; (3) After reletting the Premises, elect to terminate the Lease at any time thereafter by giving Tenant notice of termination; or (4) Cure the default at Tenant's cost.

  • Cure the default, including completion, repair, and/or replacement of the Improvements in whole or in part or restoring the Property to a safe and orderly condition, at Developer’s sole cost and expense.

  • Cure the default, and in such event Empire shall, immediately, reimburse Cuprum or Bellhaven for all its costs in connection with cure including interest as provided below.

  • In the event of Landlord’s default, Tenant has the following remedies: (i) Cure the default on behalf of Landlord, and Landlord shall pay the reasonable costs of such cure upon written demand; and/or (ii) pursue any other remedy now or hereafter available under the law.

Related to Cure the default

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • Material Default means a material breach of this Framework Agreement and/or, breach by the Supplier of any of the following Clauses: Clause 8 (Warranties and Representations), Clause 9 (Prevention of Bribery and Corruption), Clause 13 (Statutory Requirements and Standards), Clause 14 (Non-Discrimination), Clause 15 (Provision of Management Information), Clause 16 (Management Charge), Clause 17 (Records and Audit Access), Clause 22 (Data Protection), Clause 23 (Freedom of Information) and Clause 31 (Transfer & Sub-contracting);

  • Major Default means any Event of Default occurring under Sections 4.1(a), 4.1(c), 4.1(l), or 4.1(p) of this Note.

  • Special Default means (i) the failure by Owner to pay any amount of principal of or interest on any Equipment Note when due or (ii) the occurrence of any Default or Event of Default referred to in Section 5.01(v), (vi) or (vii).

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.