Due to NRANVP Event of Default. In the event of occurrence of NRANVP Event of Default, then the Lessee shall be entitled to receive from the NRANVP, delayed interest @ 12% per annum (the “Delayed Interest”), calculated on the default amount for the number of days delayed.
Appears in 7 contracts
Samples: Lease Cum Development Agreement, Lease Cum Development Agreement, Lease Cum Development Agreement
Due to NRANVP Event of Default. In the event of occurrence of case NRANVP Event of Default, then the Lessee shall be entitled to receive from the NRANVP, delayed interest @ 12% per annum (the “Delayed Interest”), Interest calculated on the default amount for the number of days delayed.
Appears in 3 contracts
Samples: Lease Cum Development Agreement, Lease Cum Development Agreement, Lease Cum Development Agreement
Due to NRANVP Event of Default. In the event of occurrence of NRANVP Event of Default, then the Lessee shall be entitled to receive from the NRANVP, delayed interest @ 1214% per annum (the “Delayed Interest”), calculated on the default amount for the number of days delayed.
Appears in 2 contracts
Samples: Lease Cum Development Agreement, Draft Lease Agreement
Due to NRANVP Event of Default. In the event of occurrence of NRANVP Event of Default, then the Lessee Developer shall be entitled to receive from the NRANVP, delayed interest @ 12% per annum (the “Delayed Interest”), calculated on the default amount for the number of days delayed.
Appears in 1 contract
Samples: navaraipuratalnagar.com
Due to NRANVP Event of Default. In the event of occurrence case of NRANVP Event of Default, then the Lessee shall be entitled to receive from the NRANVP, delayed interest @ 1214 % per annum (the “Delayed Interest”), calculated on the default amount for the number of days delayed.
Appears in 1 contract
Samples: Lease Cum Development Agreement
