Common use of Peaceful Possession Clause in Contracts

Peaceful Possession. The NRDA warrants that the Developer shall, subject to complying with the terms and conditions of this Agreement, remain in peaceful possession and enjoyment of the Project Land during the Development Period. In the event the Developer is obstructed by any Person claiming any right, interest in or over the Project Landor any part thereof or in the event of any enforcement action including any attachment, restraining order, appointment of receiver or liquidator being initiated by any Person claiming to have charge on the Project Landor any part thereof, the NRDA shall, if called upon by the Developer, co-operate with the Developer to defend such claims and proceedings. The Developer and NRDA shall jointly bear and pay the costs pertaining to any such defence by NRDA.

Appears in 4 contracts

Samples: Draft License Agreement, Draft License Agreement, Draft License 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!