If, three months ago, you failed to carry contractually required insurance for one week, can you cure that breach now? Over the past week, we were thinking about the curability of defaults. And, we weren’t distinguishing between those of landlords or tenants or borrowers or lenders. Our starting point was the common formulation used to define an “Event of Default,” the occurrence of which triggers “consequences.” Here’s an example of the genre: [Read more…]
You Can’t Cure Them All – Sometimes It Depends On How You Write The Same Obligation
March 9, 2014 By 2 Comments
Print
Recent Comments