Example ContractsClausesCure Period
Cure Period
Cure Period contract clause examples

Cure Period. Except where termination occurs pursuant to Sections 6.4 (failure to provide the required financial security) or 8.9 (failure to establish and maintain the Project Schedule), no termination shall be effective if Builder cures the noticed event of default within ​ after receipt of Owner's written notice, subject to [Subsection (c)].

Cure Period. If Youngevity misses any payment identified above in Paragraph One, Youngevity shall cure that missed payment within 30 days. Youngevity can be late by no more than 30 calendar days on no more than three payments identified above in Paragraph One without being in default under this Agreement. If Youngevity cures any missed payment, Youngevity shall pay Mangless interest at the rate of 18% compounded annually on the amount of the missed payment. For example, if Youngevity misses its May 1, 2021 payment of $101,668.35, and cures that missed payment on May 15, 2021, Youngevity is required to pay Mangless $102,420.42 on May 15, 2021.

Notice and Cure Period. If a Party (the “Breaching Party”) is in material breach, the other Party (the “Non-Breaching Party”) shall have the right to give the Breaching Party notice specifying the nature of such material breach. The Breaching Party shall have a period of ​ after receipt of such notice to cure such material breach (the “Cure Period”) in a manner reasonably acceptable to the Non-Breaching Party. For the avoidance of doubt, this provision is not intended to restrict in any way either Party’s right to notify the other Party of any other breach or to demand the cure of any other breach. The Parties agree that for purposes of this Section 16.2, a breach of the representations or warranties of a Party under this Agreement shall not be a cause for termination of this Agreement unless such breach has had or would be reasonably expected to have a material adverse effect on the Development, Manufacture or Commercialization of the Product.

Notice and Cure Period. If a Party (the “Breaching Party”) is in material breach of its obligations under this Agreement, the other Party (the “Non-Breaching Party”) shall have the right to give the Breaching Party notice specifying the nature of such material breach. The Breaching Party shall have a period of ​ after receipt of such notice to cure such material breach (the “Cure Period”) in a manner reasonably acceptable to the Non-Breaching Party. For the avoidance of doubt, this provision is not intended to restrict in any way either Party’s right to notify the other Party of any other breach or to demand the cure of any other breach.

Cure Period. Each Party shall give the other Party prompt written notice upon learning of any breach or inaccuracy in the other Party’s representations or warranties or failure by the other Party to perform its covenants, obligations and agreements contained in this Agreement other than a failure to make a payment when due. The term “Cure Period” as used herein means a period commencing on the date a Party receives from the other written notice of breach or default hereunder and continuing until the earlier of # twenty (20) calendar days thereafter or # five (5) Business Days after the scheduled Closing date; provided, however, that if the inaccuracy or failure to perform is non-monetary and cannot reasonably be cured within such period but can be cured before the date five (5) Business Days after the scheduled Closing date, and if diligent efforts to cure promptly commence, then the Cure Period shall continue as long as such diligent efforts to cure continue, but not beyond the date five (5) Business Days after the scheduled Closing date. Neither Party may terminate under [Section 10.1(b) or (c)])] if it is then in material breach of or default under this Agreement.

Cure Period. Notwithstanding any in this Agreement to the contrary, in the event the Company shall fail to comply with any Milestone, within five Business Days of such non-compliance, Company shall prepare and submit to the Agent, the Lenders and the 2017 Noteholders an updated plan with respect to the Sale (which updated plan shall include proposed updates to the Milestones) (such updated plan, the “Updated Plan”). Approval of the Updated Plan shall require consent from each of # the Requisite Lenders and # the 2017 Noteholders holding a majority of the outstanding 2017 Notes, and upon receipt by the Agent of such approval the proposed milestones shall become the Milestones for all purposes under this Agreement. Failure of any Lender or 2017 Noteholder to communicate its approval or disapproval in writing to the Agent within 1 Business Day of receipt of the Updated Plan shall be deemed an acceptance by such Lender or 2017 Noteholder of the terms of the Updated Plan. If such Updated Plan is accepted within the appropriate time period, no Default or Event of Default with respect to this Section 5.16 shall be deemed to have occurred with respect to the then applicable Milestones. If such Updated Plan is rejected, a Default or Event of Default pursuant to Section 5.16 shall only be waived if agreed by each of # the Requisite Lenders and # the 2017 Noteholders holding a majority of the outstanding 2017 Notes.

Lender’s Cure Period. After Lender receives a Default Notice, Lender shall have a period of thirty (30) days beyond the time available to Landlord under the Lease in which to cure the breach or default by Landlord. Lender shall have no obligation to cure (and shall have no liability or obligation for not curing) any breach or default by Landlord, except to the extent that Lender agrees or undertakes otherwise in writing. In addition, as to any breach or default by Landlord the cure of which requires possession and control of the Property, provided that Lender undertakes by written notice to Tenant to exercise reasonable efforts to cure or cause to be cured by a receiver such breach or default within the period permitted by this paragraph, Lender’s cure period shall continue for such additional time (the “Extended Cure Period”) as Lender may reasonably require to either: # obtain possession and control of the Property with due diligence and thereafter cure the breach or default with reasonable diligence and continuity; or # obtain the appointment of a receiver and give such receiver a reasonable period of time in which to cure the default.

Cure Period. Any termination of this Agreement under this [Section 11.2] shall become effective at the end of the Cure Period, unless the Breaching Party has cured any such breach or default prior to the expiration of such Cure Period, or, if such breach is not susceptible to cure within the Cure Period, then, the Non-breaching Party's right to termination shall be suspended only if and for so long as the Breaching Party has provided to the Non-breaching Party a written plan that is reasonably calculated to effect a cure and such plan is acceptable to the Non-breaching Party, and the Breaching Party commits to and does carry out such plan as provided to the Non-breaching Party. The right of either Party to terminate this Agreement, or as to all Collaboration Candidates or Collaboration Products to which such material breach relates, as provided for in this [Section 11.2], shall not be affected in any way by such Party's waiver or failure to take action with respect to any previous default.

Notice and Cure Period. If a Party (the “Breaching Party”) is in material breach, the other Party (the “Non-Breaching Party”) shall have the right to give the Breaching Party notice specifying the nature of such material breach. The Breaching Party shall have a period of ​ (​) calendar days after receipt of such notice to cure such material breach (the “Cure Period”) in a manner reasonably acceptable to the Non-Breaching Party. For the avoidance of doubt, this provision is not intended to restrict in any way either Party’s right to notify the other Party of any other breach or to demand the cure of any other breach.

Cure Period. In the event that Employee or Employer breaches this Agreement, the breaching party shall have thirty (30) days within which to cure such breach, after receiving written notice from the other party specifying in reasonable detail the basis for the claimed breach (“Cure Period”). No breach of the Agreement shall be actionable if the breaching party is able to cure the breach within the Cure Period.

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