Breach of Owner’s Covenants Sample Clauses

Breach of Owner’s Covenants. Without prejudice to the provisions of any other Clause of this Agreement, in the event the Owner fails and/or neglect to perform any of the Owner’s Covenants, this Agreement shall, at the option of the Buyer, stand cancelled and/or rescinded, upon which the Owner shall refund to the Buyer all payments received till that date. In the event the Buyer delays in handing over possession of the Said Flat to the Buyer beyond the Completion Date and the Extended Period or the period required beyond the Extended Period due to circumstances mentioned in Clause
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Breach of Owner’s Covenants. Without prejudice to the provisions of Clause 9.5 above, in the event the Owners fail and/or neglect to perform any of the Owners’ Covenants, this Agreement shall, at the option of the Purchasers, stand cancelled and/or rescinded, upon which the Owners shall refund to the Purchasers all payments received till that date. In the event the Lead Co-Vendor delays in handing over possession to the Owners and as a result the Owners delays in handing over possession of the Said Flat to the Purchasers beyond the Completion Date and the Extended Period or the period required beyond the Extended Period due to circumstances mentioned in Clause 9.5 above, the Lead Co-Vendor shall pay to the Purchasers interest at the then prevailing savings bank rate of interest of State Bank of India.
Sample 1

Related to Breach of Owner’s Covenants

  • Breach of Covenants If the Company breaches any of the covenants set forth in this Section 4, and in addition to any other remedies available to the Buyer pursuant to this Agreement, it will be considered an event of default under Section 3.4 of the Note.

  • Breach of Covenant The Borrower breaches any material covenant or other term or condition of the Subscription Agreement or this Note in any material respect and such breach, if subject to cure, continues for a period of ten (10) business days after written notice to the Borrower from the Holder.

  • OWNER’S COVENANTS 13.1. The Owner covenants the following to the Lessee:

  • Breach of Covenant of Time As time is of the essence in the completion of the Work, the Contractor is in breach of the covenant of time and is subject to default.

  • Seller’s Covenants Seller hereby covenants as follows:

  • Breach of Lease 4.H If the Academy Trust is, or if it is reasonably foreseeable that it will be, in material breach of the Lease, the Academy Trust must immediately give written notice to the Secretary of State stating what the breach is and what action the Academy Trust has taken or proposes to take to remedy it, including timescales where appropriate.

  • FALSE STATEMENTS; BREACH OF REPRESENTATIONS The Parties acknowledge that this Agreement has been negotiated, and is being executed, in reliance upon the information contained in the Application, and any supplements or amendments thereto, without which the Comptroller would not have approved this Agreement and the District would not have executed this Agreement. By signature to this Agreement, the Applicant:

  • Purchaser’s Covenants The Purchaser will have performed and complied with all covenants, agreements and conditions as required by this Agreement.

  • Warranties and Covenants In addition to the representations, warranties and covenants contained in this Agreement, the Seller hereby represents, warrants and covenants to the Issuer as follows on the Closing Date:

  • BORROWER’S COVENANTS 3.1 As and when he becomes, and for so long as he remains a shareholder of Borrower Company, Borrower covenants irrevocably that during the term of this Agreement, Borrower shall cause Borrower Company:

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