Licensed Space Developments and Operations Sample Clauses

The 'Licensed Space Developments and Operations' clause defines the rules and permissions regarding any modifications, improvements, or activities conducted within the leased or licensed premises. It typically outlines what types of developments or operational changes the licensee is allowed to undertake, such as installing equipment, making structural alterations, or conducting specific business activities, often subject to the licensor's approval and compliance with applicable laws. This clause ensures that both parties are clear on the scope of permissible activities within the space, helping to prevent unauthorized changes and manage potential risks associated with property use.
Licensed Space Developments and Operations. 4.1 Entry to the Licensed Space(s) for work 4.1.1 DMRC shall allow the Licensee access to the area earmarked for the Licensed Area as detailed in Schedule A to the Licensee for undertaking the Project immediately from the date of execution of the License Agreement. In case such access to the Licensee gets delayed for Force Majeure or for reasons solely attributable to DMRC with no contributory factor on the part of the Licensee, the Commencement Date of the License Period shall be proportionately extended. 4.1.2 In the event that Force Majeure prevents access of the Licensee to the Licensed Area and the same continues for period of more than 180 days as envisaged in Clause 4.1.1 above, either DMRC or the Licensee shall be entitled to terminate this Agreement. In such event, DMRC shall return the Performance Security paid by the Licensee. There shall be no further liability or obligation of either party towards the other in case the Agreement is terminated in terms of this Clause. 4.2 Use of the Licensed Space(s)
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Licensed Space Developments and Operations 
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Related to Licensed Space Developments and Operations

  • Business and Operations Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.

  • Use and Operation 3.1 Permitted Use ......................................................................................................

  • Future Developments The Seller continuously monitors technological developments and applies them to Technical Data, document and information systems’ functionalities, production and methods of transmission. The Seller will implement and the Buyer will accept such new developments, it being understood that the Buyer will be informed in due time by the Seller of such new developments and their application and of the date by which the same will be implemented by the Seller.

  • Supplier Development lf the Buyer identifies problems in supplier performance based on supplier monitoring, he shall initiate improvement measures at the Supplier. The Buyer shall pursue the possibilities of continuous improvement of the Supplier. The supplier audit is a form of supplier development; the exchange of information and experience between the Buyer and the Supplier also serves this purpose.

  • Maintenance and Operation Member-Generator agrees to maintain their system and facilities in accordance with applicable manufacturer's recommended maintenance schedule and standard prudent engineering practices. Member-Generator covenants and agrees to operate their system, facilities and equipment so as to minimize the likelihood for a malfunction or other disturbance, damaging or otherwise affecting or impairing Cooperative’s electrical system. Member-Generator shall comply with all applicable laws, regulations, zoning, building codes, safety rules and other environmental regulations or restrictions applicable to the design, installation, operation and maintenance of the Member-Generator's System.