Enforcement of the RSD. 4.2.1 The RSD is provided by the Licensee as a security for the due and punctual performance and observance of its obligations and terms and conditions under this Agreement and against breach by the Licensee of any of the representations or warranties or any terms, conditions or covenants of the Licensee under this Agreement, and GGIAL may, in its sole discretion, with prior intimation to the Licensee, be entitled to terminate this Agreement and adjust and appropriate the RSD- in any of the following events:
(a) in case of breach or delay in relation to any of the payment obligations of the Licensee under this Agreement, whether to GGIAL, or any agent as may be appointed by GGIAL, including but not limited to payment of the Licensee Fee, the Charges, or any other amounts payable by the Licensee under this Agreement, in accordance with this Agreement;
(b) in case of a failure or delay by the Licensee in the payment of any interest amounts, administrative charges or Damages or any other amounts as may be payable by the Licensee under this Agreement;
(c) in the event of any payments required to be made by GGIAL to the employees and/or agents of the Licensee as set out under Clause 11.1.2;
(d) for any indemnity claim (whether due to any third party claims or otherwise) that GGIAL may have against the Licensee in accordance with the provisions of this Agreement;
(e) any Loss caused to or any expenses incurred by GGIAL or any or its employees, officers or agents, as a result or breach by the Licensee of any of the warranties or obligations or covenants or the Licensee under this Agreement, or any Loss suffered or expenses incurred by GGIAL or any of its agents for any act or omission of the Licensee or any of its employees, officers or agents.
(f) in case of any breach of Representations and Warranties by the Licensee as per Clause 6, if not rectified within a period of 30 days from the date when the breach first occurred.
4.2.2 This Clause 4 shall survive the expiry/termination of this Agreement.
