Breach of Owner’s Covenants Sample Clauses

Breach of Owner’s Covenants. Without prejudice to the provisions of any other Clause of this Agreement, in the event the Owner fails and/or neglect to perform any of the Owner’s Covenants, this Agreement shall, at the option of the Buyer, stand cancelled and/or rescinded, upon which the Owner shall refund to the Buyer all payments received till that date. In the event the Buyer delays in handing over possession of the Said Flat to the Buyer beyond the Completion Date and the Extended Period or the period required beyond the Extended Period due to circumstances mentioned in Clause
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Breach of Owner’s Covenants. Without prejudice to the provisions of Clause 9.5 above, in the event the Owners fail and/or neglect to perform any of the Owners’ Covenants, this Agreement shall, at the option of the Purchasers, stand cancelled and/or rescinded, upon which the Owners shall refund to the Purchasers all payments received till that date. In the event the Lead Co-Vendor delays in handing over possession to the Owners and as a result the Owners delays in handing over possession of the Said Flat to the Purchasers beyond the Completion Date and the Extended Period or the period required beyond the Extended Period due to circumstances mentioned in Clause 9.5 above, the Lead Co-Vendor shall pay to the Purchasers interest at the then prevailing savings bank rate of interest of State Bank of India.
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Related to Breach of Owner’s Covenants

  • Breach of Covenants If the Company breaches any of the covenants set forth in this Section 4, and in addition to any other remedies available to the Buyer pursuant to this Agreement, it will be considered an event of default under Section 3.4 of the Note.

  • Breach of Covenant The Borrower breaches any material covenant or other term or condition of the Subscription Agreement or this Note in any material respect and such breach, if subject to cure, continues for a period of ten (10) business days after written notice to the Borrower from the Holder.

  • Breach of Specific Covenants Borrower shall fail or neglect to perform, keep or observe any covenant contained in Sections 5.2, 5.3, 6.1.1, 6.1.2, 6.2.5, 6.2.6, 8.1, 8.2 or 8.3 hereof on the date that Borrower is required to perform, keep or observe such covenant.

  • Owner’s Covenants 13.1. The Owner covenants the following to the Lessee:

  • LESSOR'S COVENANTS The Lessor covenants and agrees that, unless the Agent and the Lenders shall have otherwise consented in writing:

  • No Misrepresentation or Breach of Covenants and Warranties There shall have been no material breach by Buyer in the performance of any of its covenants and agreements herein, and each of the representations and warranties of Buyer contained in this Agreement shall be true and correct in all material respects on the Closing Date as though made on the Closing Date. There shall have been delivered to Seller a certificate to such effect, dated the Closing Date and signed by Buyer.

  • Seller’s Covenants Seller hereby covenants as follows:

  • Breach of Lease 4.H If the Academy Trust is, or if it is reasonably foreseeable that it will be, in material breach of the Lease, the Academy Trust must immediately give written notice to the Secretary of State stating what the breach is and what action the Academy Trust has taken or proposes to take to remedy it, including timescales where appropriate.

  • Breach of Other Covenants Any of the Loan Parties shall default in the observance or performance of any other covenant, condition or provision hereof or of any other Loan Document and such default shall continue unremedied for a period of ten (10) Business Days;

  • Buyer’s Covenants Buyer hereby covenants as follows:

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