Common use of NRDA Events of Default Clause in Contracts

NRDA Events of Default. In the event, Developer is not in default as per Article 13.1 and NRDA fails to provide the Project Land free from encumbrances to the Developer within 30 working days of the signing of the Development Agreement, it shall be construed as event of default on the part of NRDA ("NRDA Default Event"); Provided that the events mentioned above in as Article 13.4 would not constitute NRDA Event of Default. If such event could be exclusively attributed to an event of Force Majeure In any of the NRDA Events of Default the Developer shall give NRDA a notice to rectify such default. Upon expiry of 30 (thirty) days from the date of receipt of the notice if the default is not rectified by NRDA, shall give the compensation to the Developer as specified in Article 15.1.2

Appears in 2 contracts

Samples: Draft License Agreement, Draft License Agreement

AutoNDA by SimpleDocs

NRDA Events of Default. In the event, Developer Lessee is not in default as per Article 13.1 and NRDA fails to provide the Project Land free from encumbrances to the Developer within 30 working days of the signing of the Development AgreementLessee, it shall be construed as event of default on the part of NRDA ("NRDA Default Event"); Provided that the events mentioned above in as Article 13.4 would not constitute NRDA Event of Default. If , if such event could be exclusively attributed to an event of Force Majeure In any of the NRDA Events of Default as per clause 13.4, the Developer Lessee shall give NRDA a notice to rectify such default. Upon expiry of 30 (thirty) days from the date of receipt of the notice if the default is not rectified by NRDA, shall give the compensation to the Developer Lessee as specified in Article 15.1.2.

Appears in 2 contracts

Samples: Lease Cum Development Agreement, Lease Cum Development Agreement

NRDA Events of Default. In the event, Developer is not in default as per Article 13.1 and NRDA fails to provide the Project Land free from encumbrances to the Developer within 30 working days of the signing of the Development AgreementCompliance Date, it shall be construed as event of default on the part of NRDA ("NRDA Default Event"); Provided that the events mentioned above in as Article 13.4 13.5 would not constitute NRDA Event of Default. If such event could be exclusively attributed to an event of Force Majeure In any of the NRDA Events of Default the Developer shall give NRDA a notice to rectify such default. Upon expiry of 30 (thirty) days from the date of receipt of the notice if the default is not rectified by NRDA, shall give the compensation to the Developer as specified in Article 15.1.215.1.3

Appears in 2 contracts

Samples: Draft Agreement, Draft Agreement

NRDA Events of Default. In the event, Developer Lessee is not in default as per Article 13.1 and NRDA fails to provide the Project Land free from encumbrances to the Developer within 30 working days of the signing of the Development AgreementLessee, it shall be construed as event of default on the part of NRDA ("NRDA Default Event"); Provided that the events mentioned above in as Article 13.4 would not constitute NRDA Event of Default. If , if such event could be exclusively attributed to an event of Force Majeure In any of the NRDA Events of Default the Developer Lessee shall give NRDA a notice to rectify such default. Upon expiry of 30 (thirty) days from the date of receipt of the notice if the default is not rectified by NRDA, shall give the compensation to the Developer Lessee as specified in Article 15.1.2

Appears in 2 contracts

Samples: Draft Lease Agreement, Draft Lease Agreement

AutoNDA by SimpleDocs

NRDA Events of Default. In the event, Developer Lessee is not in default as per Article 13.1 10.1 and NRDA fails to provide the Project Land free from encumbrances to the Developer within 30 working days of the signing of the Development AgreementLessee, it shall be construed as event of default on the part of NRDA ("NRDA Default Event"); Provided that the events mentioned above in as Article 13.4 10.4 would not constitute NRDA Event of Default. If , if such event could be exclusively attributed to an event of Force Majeure In any of the NRDA Events of Default the Developer Lessee shall give NRDA a notice to rectify such default. Upon expiry of 30 (thirty) days from the date of receipt of the notice if the default is not rectified by NRDA, shall give the compensation to the Developer Lessee as specified in Article 15.1.212.1.2 ARTICLE 11:

Appears in 1 contract

Samples: Lease Cum Development Agreement

NRDA Events of Default. In the event, Developer Lessee is not in default as per Article 13.1 and NRDA fails to provide the Project Land free from encumbrances to the Developer Lessee within 30 working days of the signing of the Development AgreementCompliance Date, it shall be construed as event of default on the part of NRDA ("NRDA Default Event"); Provided that the events mentioned above in as Article 13.4 would not constitute NRDA Event of Default. If such event could be exclusively attributed to an event of Force Majeure In any of the NRDA Events of Default the Developer Lessee shall give NRDA a notice to rectify such default. Upon expiry of 30 (thirty) days from the date of receipt of the notice if the default is not rectified by NRDA, shall give the compensation to the Developer Lessee as specified in Article 15.1.2

Appears in 1 contract

Samples: Draft Lease Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.