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 NRDA Assets during the Development Period. In the event the Developer is obstructed by any Person claiming any right, title or interest in or over the NRDA Assets or 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 NRDA Assets or any part thereof, the NRDA shal , 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 3 contracts

Samples: Draft Agreement, Draft Agreement, License Agreement

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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 NRDA Assets during the Development Period. In the event the Developer is obstructed by any Person claiming any right, title or interest in or over the NRDA Assets or 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 NRDA Assets or any part thereof, the NRDA shal 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.. 2.9. Scope of the Project

Appears in 2 contracts

Samples: Draft License Agreement, Draft License Agreement

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