Common use of Cure Periods Clause in Contracts

Cure Periods. An Event of Default shall not be deemed to have occurred until thirty (30) days after the non-defaulting party has provided the defaulting party with written notice specifying the event or events that, if not cured, would constitute an Event of Default and specifying the actions necessary to cure the default(s) within such period. This period may be extended for a reasonable period of time if the defaulting party is acting in good faith to cure and such delay is not materially adverse to the other party.

Appears in 2 contracts

Samples: Local Programming and Marketing Agreement (Blaya Inc), Local Programming and Marketing Agreement (Oro Spanish Broadcasting Inc)

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Cure Periods. An Event of Default shall not be deemed to have occurred until thirty five (305) business days after the non-defaulting party has provided the defaulting party with written notice specifying the event or events that, that if not cured, cured would constitute an Event of Default and specifying the actions action necessary to cure the default(s) default within such period. This period may be extended for a reasonable period of time time, if the defaulting party is acting in good faith to cure the default and such delay default is not materially adverse to the other party.

Appears in 2 contracts

Samples: Time Brokerage Agreement (Oro Spanish Broadcasting Inc), Time Brokerage Agreement (Oro Spanish Broadcasting Inc)

Cure Periods. An Event of Default under 17(a) above shall not be deemed to have occurred until thirty (30) business days after the non-defaulting party has provided the defaulting party with written notice specifying the event or events that, that if not cured, cured would constitute an Event of Default. The Event of Default and specifying the which is subject to a cure period hereunder shall not be deemed to have occurred if actions necessary and sufficient to cure are taken during the default(s) within such relevant cure period. This period may be extended for a reasonable period of time if the defaulting party is acting in good faith to cure and such delay is not materially adverse to the other party.

Appears in 2 contracts

Samples: Time Brokerage Agreement (Benedek License Corp), Time Brokerage Agreement (Benedek License Corp)

Cure Periods. An Event of Default shall not be deemed to have occurred until thirty twenty-five (3025) business days, or fifteen (15) days in the event of a monetary default, after the non-defaulting party has provided the defaulting party with written notice specifying the event or events that, if not nor cured, would constitute an Event of Default and specifying the actions necessary to cure the default(s) within such period. This period may be extended for a reasonable period of time if the defaulting party is acting in good faith to cure and such delay is not materially adverse to the other party.

Appears in 1 contract

Samples: Local Marketing Agreement (Nassau Broadcasting Corp)

Cure Periods. An Event of Default shall not be deemed to have occurred until thirty (30) days (or ten (10) days if a payment default) after the non-defaulting party has provided the defaulting other party with written notice specifying the event or events that, if not cured, would constitute an Event of Default and specifying the actions necessary to cure the default(s) within such period. This period may be extended (in writing only and only by the non-defaulting party) for a reasonable period of time if the defaulting party is acting diligently and in good faith to cure and such delay is not materially adverse to the other party.

Appears in 1 contract

Samples: Time Brokerage Agreement (Nexstar Broadcasting Group Inc)

Cure Periods. An Event of Default shall not be deemed to have occurred until thirty (30) 15 days after the non-defaulting party has provided the defaulting party with written notice specifying the event or events that, that if not cured, cured would constitute an Event of Default Default, and specifying the actions necessary to cure the default(s) such event has not been cured within such time period. This period may be extended for a reasonable period of time if the defaulting party is acting in good faith to cure and such delay is not materially adverse to the other party.

Appears in 1 contract

Samples: Time Brokerage Agreement (American Radio Systems Corp /Ma/)

Cure Periods. An Event of Default shall not be deemed to have occurred until thirty twenty (3020) business days after the non-defaulting party has provided the defaulting party with written notice specifying the event or events that, that if not cured, cured would constitute an Event of Default and specifying the actions necessary to cure the default(s) within such period. This period may be extended for a reasonable period of time if the defaulting party is acting in good faith to cure and such delay is not materially adverse to the other party.

Appears in 1 contract

Samples: Time Brokerage Agreement (Nassau Broadcasting Corp)

Cure Periods. An Event of Default shall not be deemed to have occurred until thirty fifteen (3015) days after the non-defaulting party has provided the defaulting party with written notice specifying the event or events that, if not cured, would constitute an Event of Default and specifying the actions necessary to cure the default(s) within such period. This period may be extended for a reasonable period of time if the defaulting party is acting in good faith to cure and such delay is not materially adverse to the other party.

Appears in 1 contract

Samples: Time Brokerage Agreement (Regent Communications Inc)

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Cure Periods. An Except as provided in Section 15.3, an Event of Default shall not be deemed to have occurred until thirty ten (3010) business days after the non-defaulting party has provided the defaulting party with written notice specifying the event or events that, that if not cured, cured would constitute an Event of Default and specifying the actions necessary to cure the default(s) default within said period, and such cure has not occurred within said time period. This period may be extended for a reasonable period of time time, if the defaulting party is acting in good faith to cure the default and such delay is not materially adverse to the other party.

Appears in 1 contract

Samples: Joint Selling Agreement (Triathlon Broadcasting Co)

Cure Periods. An Event of Default shall not be deemed to have occurred until thirty fifteen (3015) days (or in the event of payment default, five (5) days) after the non-defaulting party has provided the defaulting party with written notice specifying the event or events that, that if not cured, cured would constitute an Event of Default and specifying the actions necessary to cure the default(s) within such period. This period may shall be extended for a reasonable period of time if the defaulting party is acting in good faith to cure and such delay is delays are not materially adverse to the other non-defaulting party.

Appears in 1 contract

Samples: Execution Copy Operating Agreement (Sedona Corp)

Cure Periods. An Event of Default shall not be deemed to have occurred until thirty (30) days (or in the event of a payment default, fifteen (15) days) after the non-defaulting party has provided the defaulting party with written notice specifying the event or events that, that if not cured, cured would constitute an Event of Default Default, and specifying the actions necessary to cure the default(s) such event has not been cured within such time period. This period may be extended for a reasonable period of time if the defaulting party is acting in good faith to cure and such delay is not materially adverse to the other party.

Appears in 1 contract

Samples: Time Brokerage Agreement (Capstar Broadcasting Corp)

Cure Periods. An Event of Default shall not be deemed to have occurred until thirty twenty-five (3025) business days, or fifteen (15) days in the event of a monetary default, after the non-defaulting party has provided the defaulting party with written notice specifying the event or events that, if not cured, would constitute an Event of Default and specifying the actions necessary to cure the default(s) within such period. This period may be extended for a reasonable period of time if the defaulting party is acting in good faith to cure and such delay is not materially adverse to the other party.

Appears in 1 contract

Samples: Time Brokerage Agreement (Nassau Broadcasting Corp)

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