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
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