Common use of HANDING OVER OF THE SITE Clause in Contracts

HANDING OVER OF THE SITE. 4.1 On completion of the, to the satisfaction of lessee, the Owner and the Developer shall hand over the physical, peaceful, exclusive and unobstructed possession of the along with proportionate leasehold right in the Land, free from all encumbrances and charges to lessee. The handing over to the lessee may be in stages as agreed between the Parties to enable lessee to align the functionality of during its pre-operational period. 4.2 The Owner and the Developer expressly agree that they shall be responsible for obtaining all approvals, licenses, permissions, sanctions, no-objections etc. required for the construction of the on the Land and any delay in timelines of obtaining the same thereby resulting in delay in the starting of Operations of the shall not be attributable to lessee and be taken into consideration for the commencement of the lease rent.

Appears in 1 contract

Sources: Development Agreement

HANDING OVER OF THE SITE. 4.1 On completion of the, to the satisfaction of lessee▇▇▇▇▇▇, the Owner and the Developer shall hand over the physical, peaceful, exclusive and unobstructed possession of the along with proportionate leasehold right in the Land, free from all encumbrances and charges to lessee. The handing over to the lessee may be in stages as agreed between the Parties to enable lessee to align the functionality of during its pre-operational period. 4.2 The Owner and the Developer expressly agree that they shall be responsible for obtaining all approvals, licenses, permissions, sanctions, no-objections etc. required for the construction of the on the Land and any delay in timelines of obtaining the same thereby resulting in delay in the starting of Operations of the shall not be attributable to lessee and be taken into consideration for the commencement of the lease rent.

Appears in 1 contract

Sources: Development Agreement