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NS-1795
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Last modified
1/3/2012 1:03:56 PM
Creation date
6/26/2003 10:08:07 AM
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Template:
City Clerk
Doc Type
Ordinance
Doc #
NS-1795
Date
9/17/1985
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defaulting party <br />such default. <br />that it cannot <br />party shall be <br /> <br /> shall have an additional thirty (30) days to,ute <br />However, if the nature of such default is such <br />be cured within thirty (30) days, the defaul%ing <br />permitted to begin to cure the default within said <br /> <br />thirty (30) days and diligently continue until the default is <br />cured. In the event that the default is not cured or the cure <br />has not begun within thirty (30) days, as appropriate, the non- <br />defaulting party may pursue any remedy afforded by Paragraph 19. <br /> <br />If a Notice of Default is contested, the parties shall have up <br /> <br />to sixty (60) days to arrive at a mutually acceptable resolution <br />of the matter(s) occasioning the Notice of Default. If the parties <br />are not able to arrive at a mutually acceptable resolution of the <br />matter(s), the party alleging the default may elect to pursue <br />any remedy afforded by Paragraph 19. However, if the party alleg- <br />ing a default which has been contested and not resolved elects <br />to terminate the Agreement pursuant to Paragraph 19, the other <br />party may pursue any remedy permitted at law or in equity includ- <br />ing, but not limited to actions for specific performance and/or <br />declaratory relief. <br /> <br /> 19. Consequences of Default. In the event of a default by <br />either party which is not cured within the time prescribed by <br />Paragraph 18, the non-defaulting party may undertake one or more <br />of the following remedies: <br /> <br /> A. Terminate this Agreement by written notice stating <br />the grounds for such action; <br /> <br />12. <br /> <br /> <br />
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