Uncured Default definition

Uncured Default means, with respect to a Reference Entity and any day falling on or prior to the Credit Observation End Date:

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Uncured Default means a Potential Failure to Pay or Potential Repudiation/Moratorium has occurred and neither a Credit Event as a result of a Failure to Pay or Repudiation/Moratorium, as the case may be, nor a Default Correction Date has occurred.

Uncured Default means, with respect to the Reference Entity and any day falling on or prior to the Credit Observation End Date and on or after the Credit Event Backstop Date (determined, in each case, by reference to Greenwich Mean Time), a Potential Failure to Pay has occurred with respect to the Reference Entity and neither an Event Determination Date in respect of the Reference Entity as a result of a Failure to Pay nor a Default Correction Date has occurred.

Examples of Uncured Default in a sentence

• Upon the occurrence of an Uncured Default, the City may terminate this Agreement.

• Upon the occurrence of an Uncured Default, the obligation of City to disburse the Funds and all other obligations of City hereunder shall, at City’s option, immediately terminate.

• If an Event of Default occurs on account of Company's failure to pay the License Fee in accordance with Section 9.1, such Event of Default shall be deemed an Uncured Default and the City shall have the right to terminate this Agreement immediately upon provision of written notice to Company.

• To the extent permitted by law, in the event of any such material Uncured Default by Tenant, Landlord shall also have the right, with or without terminating this Lease, to reenter the Leased Premises and remove all persons and property therefrom by summary proceedings or otherwise.

• Upon the occurrence of an Uncured Default, the City may commence against Company an action at law for monetary damages or in equity, for injunctive relief or specific performance of any of the provisions of this Agreement which, as a matter of equity, are specifically enforceable.

More Definitions of Uncured Default

Uncured Default means an Event of Default which shall be continuing.

Uncured Default means any Default by Tenant which continues uncured, following the giving of a Notice of Default as required by this Lease, for the entire cure period applicable to that Default under the provisions of this Lease.

Uncured Default means, with respect to a Reference Entity and any day falling on or prior to the Credit Observation End Date and (determined by reference to Greenwich Mean Time (or, if the relevant Standard is Japan or Japan Sovereign, Tokyo time)), a Potential Failure to Pay has occurred with respect to such Reference Entity or the Repudiation/Moratorium Extension Condition has been satisfied with respect to such Reference Entity and neither an Applicable Event Determination Date nor a Determination Date has occurred with respect to the Reference Entity.

Uncured Default means one particular, specifically identified obligation of the manager under the respective Management Agreement that is breached and is not cured within ten days' written notice thereof, provided, however, that such ten-day cure period shall be extended one day for each day of delay attributable to the events described in Section 7(d) of that certain Property Management Agreement dated as of December 10, 1996 between East Broadway 5151 Limited Partnership and TEA. At the Closing, Contributor shall, or shall cause its affiliates to, enter into amended and restated Management Agreements with TEMI, that reflect the current terms of such agreements as modified as set forth above.

Uncured Default means a Default not Cured within the Cure Period.

Uncured Default shall exist when any Owner fails to pay, when due and within thirty (30) days following receipt of written invoice or notice thereof, any amounts required to be paid by such Owner hereunder. Such an Uncured Default continues until all current and back payments and arrearages of such amount, together with interest thereon at 18% per annum from the date first due, and any legal costs incurred in connection with the collection thereof, including any court or arbitration costs or attorneys’ fees incurred, whether or not included in any judgment or award rendered in connection therewith (collectively, the “Costs to Cure”), have been paid in full by or on behalf of the Owner.

Uncured Default. A default which has remained uncured after thirty (30) days prior written notice thereof to the defaulting party, provided however that the time for curing any non-monetary default shall be extended so long as (i) the defaulting party has commenced cure within such thirty-day period and is diligently and continuously prosecutes such cure in good faith to completion and (ii) such non-monetary default is subject to being cured by diligent good faith efforts of the defaulting party.