Common use of Authority Event of Default Clause in Contracts

Authority Event of Default. In the event, Lessee has not committed Lessee Event of Default and NRDA fails to provide the Leased Land free from Encumbrances to the Lessee within 30 (Thirty) Business Days of registration of this Agreement and fails to perform or discharge any of its obligations in accordance with the provisions of this Agreement, it shall be construed as event of default on the part of Authority (the "Authority Event of Default”); Upon occurrence of Authority Event of Default, the Lessee shall give NRDA a notice to rectify such default. Upon expiry of 30 (thirty) Business Days from the date of receipt of the notice by the Authority, if the default is not rectified by the Authority, the Lessee shall be entitled to receive compensation from the Lessor as specified in Article 7.5.

Authority Event of Default. In the event, Lessee has not committed Lessee Event of Default and NRDA NRANVP fails to provide the Leased Land free from Encumbrances to the Lessee within 30 (Thirty) Business Days of registration of this Agreement and fails to perform or discharge any of its obligations in accordance with the provisions of this Agreement, it shall be construed as event of default on the part of Authority (the "Authority Event of Default”); Upon occurrence of Authority Event of Default, the Lessee shall give NRDA NRANVP a notice to rectify such default. Upon expiry of 30 (thirty) Business Days from the date of receipt of the notice by the Authority, if the default is not rectified by the Authority, the Lessee shall be entitled to receive compensation from the Lessor as specified in Article 7.5.

Authority Event of Default. In the event, Lessee has not committed Lessee Event of Default and NRDA ANVP fails to provide the Leased Land free from Encumbrances to the Lessee within 30 (Thirty) Business Days of registration of this Agreement and fails to perform or discharge any of its obligations in accordance with the provisions of this Agreement, it shall be construed as event of default on the part of Authority (the "Authority Event of Default”); Upon occurrence of Authority Event of Default, the Lessee shall give NRDA ANVP a notice to rectify such default. Upon expiry of 30 (thirty) Business Days from the date of receipt of the notice by the Authority, if the default is not rectified by the Authority, the Lessee shall be entitled to receive compensation from the Lessor as specified in Article 7.5.