Due to NRDA Event of Default. In case NRDA Event of Default, then the Lessee shall be entitled to receive from the NRDA, Delayed Interest calculated on the default amount for the number of days delayed.
Appears in 4 contracts
Samples: Draft Lease Agreement, Draft Lease Agreement, Draft Lease Agreement
Due to NRDA Event of Default. In case the event of occurrence of NRDA Event of Default, then the Lessee shall be entitled to receive from the NRDA, delayed interest @ 14% per annum (the “Delayed Interest Interest”), calculated on the default amount for the number of days delayed.
Appears in 3 contracts
Samples: Volume Ii, Lease Cum Development Agreement, Lease Cum Development Agreement
Due to NRDA Event of Default. In case of NRDA Event of Default, then the Lessee shall be entitled to receive from the NRDA, delayed interest @ 14 % per annum (the “Delayed Interest Interest”), calculated on the default amount for the number of days delayed.
Appears in 2 contracts
Samples: Lease Cum Development Agreement, Lease Cum Development Agreement
Due to NRDA Event of Default. In case of NRDA Event of Default, then the Lessee shall be entitled to receive from the NRDA, Delayed Interest calculated on the default amount for the number of days delayed.
Appears in 1 contract
