Examples of Lessee Event of Default in a sentence
Events of Default shall mean either Lessee Event of Default or Authority Event of Default or both as the context may admit or requires.
If the Termination is due to a Lessee Event of Default, no compensation shall be payable by the NRANVP to the Lessee.
If the Termination is due to a Lessee Event of Default, no compensation shall be payable by the NRDA to the Lessee.
The NRDA shall be entitled to encash any Bank Guarantees provided by the Lessee, if the Termination is on account of Lessee Event of Default.
In the event, Lessee has not committed Lessee Event of Default and NRANVP fails to provide the Leased Land free from encumbrances to the Lessee within 30 (Thirty) Business Days of registration of this Agreement, it shall be construed as event of default on the part of Authority (the "Authority Event of Default”); Upon occurrence of Authority Event of Default, the Lessee shall give NRANVP a notice to rectify such default.