Examples of Default Cure Period in a sentence
Instead, the Defaulting Party shall have a Financial Default Cure Period following the provision of notice of Financial Default by the non-Defaulting Party to the Defaulting Party to pay the amount owed in full.
If the contractor/agency Contract Proposal to Rectify is submitted within the period stipulated therefore, the contractor/agency shall have further period of 30 days to remedy / cure the underlying Event of Default (Cure Period).
The importance of minorities’ cross-border contacts for ethnic relations in a given country depends on their character, intensity and the attitude of the dominant group towards them.
If FNF fails to timely pay undisputed amounts due hereunder, or otherwise breaches its duty of confidentiality in a manner which has or may have a material adverse impact on LPS, and does not cure such failure within the Default Cure Period of a Default Notice from LPS, then LPS may terminate this Agreement (or at LPS’s discretion any relevant Service Component) effective as of the last day of the Default Cure Period.
Furthermore, if within the Default Cure Period, Borrower fails to cure any default, the interest rate shall increase to 24% per annum for the balance of the term of this Note.