Common use of No Breach of Obligations Clause in Contracts

No Breach of Obligations. The Lessee shall not be considered to be in breach of its obligations under this Agreement nor shall it incur or suffer any liability if and to the extent performance of any of its obligations under this Agreement is affected by or on account of any of the following: a. Authority Event of Default; b. Compliance with the directions of any Government Agency, other than instructions issued as a consequence of a breach by the Lessee of any of its obligations hereunder; and c. Closure of the Industrial Unit or part thereof with the approval of the Authority.

Appears in 3 contracts

Samples: Lease Cum Development Agreement, Lease Cum Development Agreement, Lease Cum Development Agreement

AutoNDA by SimpleDocs

No Breach of Obligations. The Lessee shall not be considered to be in breach of its obligations under this Agreement nor shall it incur or suffer any liability if and to the extent performance of any of its obligations under this Agreement is affected by or on account of any of the following: a. a) Force Majeure Event, subject to Article 5; b) Authority Event of Default; b. c) Compliance with the directions of any Government Agency, other than instructions issued as a consequence of a breach by the Lessee of any of its obligations hereunder; and c. d) Closure of the Industrial Unit Project or part thereof with the approval of the Authority.

Appears in 1 contract

Samples: Lease Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!