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
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
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