Common use of Revocation of Suspension Clause in Contracts

Revocation of Suspension. 1.53.1 In the event DOT rectifies or removes the cause of suspension within a period no exceeding 2 (two) months from the date of suspension, DOT shall revoke the suspension forthwith and restore all rights of the Lessee under this Agreement. 1.53.2 In the event the Lessee cures the Lessee Event of Default within a period not exceeding 3 (three) months from the date of suspension, DOT shall revoke the suspension forthwith and restore all rights of the Lessee under this Agreement.

Appears in 2 contracts

Samples: Lease Cum Development Agreement, Lease Cum Development Agreement

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Revocation of Suspension. 1.53.1 In the event DOT rectifies or removes the cause of suspension within a period no not exceeding 2 (two) months from the date of suspension, DOT shall revoke the suspension forthwith and restore all rights of the Lessee under this Agreement. 1.53.2 In the event the Lessee cures the Lessee Event of Default within a period not exceeding 3 (three) months from the date of suspension, DOT shall revoke the suspension forthwith and restore all rights of the Lessee under this Agreement.

Appears in 1 contract

Samples: Lease Cum Development Agreement

Revocation of Suspension. 1.53.1 1.52.1 In the event DOT rectifies or removes the cause of suspension within a period no exceeding 2 (two) months from the date of suspension, DOT shall revoke the suspension forthwith and restore all rights of the Lessee under this Agreement. 1.53.2 1.52.2 In the event the Lessee cures the Lessee Event of Default within a period not exceeding 3 (three) months from the date of suspension, DOT shall revoke the suspension forthwith and restore all rights of the Lessee under this Agreement.

Appears in 1 contract

Samples: Lease Cum Development Agreement

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Revocation of Suspension. 1.53.1 In the event DOT rectifies DOTrectifies or removes the cause of suspension ofsuspension within a period no not exceeding 2 (two) months from the date of suspensionofsuspension, DOT shall revoke the suspension forthwith and restore all rights of the Lessee under this Agreement. 1.53.2 In the event the Lessee cures Lesseecures the Lessee Event of Default within Defaultwithin a period not periodnot exceeding 3 (three) months from the date of suspension, DOT shall revoke DOTshallrevoke the suspension forthwith and restore all rights of the Lessee under this underthis Agreement.

Appears in 1 contract

Samples: Lease Cum Development Agreement

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