Breach of Vendor`s Covenants Sample Clauses

Breach of Vendor`s Covenants. Without prejudice to the provisions of Clause 9.5 above, in the event it is proved that the Vendor, failed and/or neglected to perform any of the Vendor‟s Covenants, and further subject to the Allottee punctually fulfilling all its obligations and covenants herein, this Agreement shall, at the option of the Allottee, stand cancelled and/or rescinded, upon which the Vendor shall refund to the Allottee all payments received till that date (excluding GST), after being able to successfully locate a New Allottee in respect of Said Apartment and Appurtenances, out of the sums received from the New Allottee, without any interest whatsoever. In the event the of delay in handing over possession of the Said Apartment to the Allottee beyond the Completion Date, the Developer shall pay to the Allottee interest @ the then prevailing SBI Prime Lending Rate plus 2 (two) % per annum
Sample 1
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Breach of Vendor`s Covenants. Without prejudice to the provisions of Clause 24 (a) above, in the event it is proved that the Vendor failed and/or neglected to perform any of the Vendor’s Covenants and further subject to the Purchaser punctually fulfilling all its obligations and covenants herein, this Agreement shall, at the option of the Purchaser, stand cancelled and/or rescinded, upon which the Vendor shall refund to the Purchaser all payments received till that date (excluding GST), after being able to successfully locate a New Purchaser in respect of Said Unit/Flat and Appurtenances, out of the sums received from the New Purchaser, without any interest whatsoever. In the event the of delay in handing over possession of the Said Unit/Flat to the Purchaser beyond the Completion Date, the Developer shall pay to the Purchaser interest @ 18 (eighteen) % p.a.
Sample 1

Related to Breach of Vendor`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.

  • 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:

  • Breach of Agreement Failure by the party to comply with or perform any agreement or obligation (other than an obligation to make any payment under this Agreement or delivery under Section 2(a)(i) or 2(e) or to give notice of a Termination Event or any agreement or obligation under Section 4(a)(i), 4(a)(iii) or 4(d)) to be complied with or performed by the party in accordance with this Agreement if such failure is not remedied on or before the thirtieth day after notice of such failure is given to the party;

  • Breach of Confidentiality Contractor acknowledges that there can be no adequate remedy at law for any breach of Contractor’s obligations hereunder, that any such breach will likely result in irreparable harm, and therefore, that upon any breach or threatened breach of the confidentiality obligations, the Court shall be entitled to appropriate equitable relief, without the requirement of posting a bond, in addition to its other remedies at law. INDEMNIFICATION

  • Breach of Obligations The Parties acknowledge that a breach of any of the obligations contained herein would result in injuries. The Parties further acknowledge that the amount of the liquidated damages or the method of calculating the liquidated damages specified in this Agreement is a genuine and reasonable pre-estimate of the damages that may be suffered by the non-defaulting party in each case specified under this Agreement.

  • Defendant’s Breach of Plea Agreement If the defendant commits any crimes, violates any conditions of release, or violates any term of this plea agreement between the signing of this plea agreement and the date of sentencing, or fails to appear for sentencing, or if the defendant provides information to the Probation Office or the Court that is intentionally misleading, incomplete, or untruthful, or otherwise breaches this plea agreement, the United States will be released from its obligations under this agreement. The defendant, however, will remain bound by the terms of the agreement, and will not be allowed to withdraw his plea of guilty. The defendant also understands and agrees that in the event he violates this plea agreement, all statements made by him to law enforcement agents subsequent to the execution of this plea agreement, any testimony given by him before a grand jury or any tribunal or any leads from such statements or testimony shall be admissible against him in any and all criminal proceedings. The defendant waives any rights that he might assert under the United States Constitution, any statute, Rule 11(f) of the Federal Rules of Criminal Procedure, Rule 410 of the Federal Rules of Evidence, or any other federal rule that pertains to the admissibility of any statements made by him subsequent to this plea agreement.

  • Indemnification (Breach of Warranty of Security) The Contractor agrees to defend, indemnify and hold harmless the Department, Customer, the State of Florida, its officers, directors and employees for any claims, suits or proceedings related to a breach of the Warranty of Security. The Contractor will include credit monitoring services at its own cost for those individuals affected or potentially affected by a breach of this warranty for a two year period of time following the breach.

  • 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.

  • 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.

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