Examples of Incurable Default in a sentence
Curable Default shall mean any Event of Default that is not an Incurable Default.
Incurable Default shall mean an Event of Default that cannot be cured by the payment of money or through the exercise of reasonable diligence.
Nothing herein contained shall require any Permitted Leasehold Mortgagee to cure any Incurable Default in order to comply with the provisions of Sections 17.1(d) and 17.1(e), or as a condition of entering into the New Lease provided for by Section 17.1(f).
Tenants who are regularly and chronically delinquent, defined as late four (4) times in the prior twelve (12) months, are subject to receiving a Notice of Incurable Default under which their lease may be terminated.
City shall not terminate this Sublease by reason of an Event of Default if City has failed to comply with its obligations under Section 9.3 or if the Permitted Lender (i) is curing or has cured all Events of Defaults under this Sublease in the payment of Rent within the time frames provided in Section 9.3(b)(i)(x) above, and (ii) has cured all other Events of Default within the time frames provided in Sections 9.3(b)(i)(y) and 9.3(b)(ii), other than any Incurable Default.