Sentences with phrase «cure period»

A "cure period" refers to a specific time frame given to someone to rectify or fix a mistake, problem, or breach of agreement before facing consequences or penalties. Full definition
You should also note that the right to cure period in Alabama is 30 days.
Management was unhappy about at having to liquidate carefully accumulated assets at fire sale prices, lenders were getting near the end of their tolerance for further cure period extensions, and erstwhile bondholders were wondering what the heck they were doing holding a penny stock.
A: RECLAIM ® will be sensitive to chipping until it has undergone an initial cure period of 2 - 3 days.
Here's the escape hatch: If Weinstein were caught misappropriating funds, he would be granted a «cure period» in which to refund the money.
If the business performance of the company does not improve during this cure period, the stock is usually removed from the index.
Compton was yet further in debt by the time the new credit limit was established, and, with the lender providing extensions to the cure period, by the end of June had $ 30 million to repay to become compliant.
In Apacheta Corp. v. Lincare, Inc., Apacheta sued for breach of contract in claiming that Lincare's termination violated the right - to - cure provision because Lincare neither provided notice of breach nor a cure period.
For example, does the employment or severance agreement provide for notice of termination, is there a cure period, and other formalities which need to be followed?
Treat gently, and do not clean with commercial products during the cure period.
Treat gently, and do not clean during the curing period.
Treat gently, and do not clean with commercial products during the curing period.
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