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Extract to table / memo-adequacy-cure-notice.docx
memo-adequacy-cure-notice.docx
Parties
HARKNESS LLP
Vantor Holdings Corp
Stonefield Logistics Group Inc
Vantor Transport Services LLC
Provisions Stonefield Logistics Group Inc
Ashford Meridian LLP
Regent Int'l Corp
United Artists Corp
Dates
October 20, 2022
January 18, 2022
March 15, 2019
February 14, 2022
March 4, 2022
April 1, 2019
March 31, 2024
October 1, 2021
December 31, 2021
February 17, 2022
Amounts
$387,400
$1.28
$310
$385
Obligations
" This phrase establishes the standard of specificity that must be met by a Cure Notice before a termination for Cause under Section 13
2d 685, 690 (1995) (holding that conditions precedent must be literally performed)
The following principles emerge from the case law: First, a cure notice must identify the specific contractual provision or provisions that are allegedly being breached
Second, a cure notice must describe the nature of the breach in terms that are comprehensible and actionable by the recipient
2006) (applying New York law and noting that "[a] termination notice must do more than simply parrot the contractual language of default")
2d 562, 569 (2002) (noting that "particular words or phrases" in a contract "must be interpreted in light of the parties' intent and the commercial context in which the contract was made")