Common use of No obligation to Operate Clause in Contracts

No obligation to Operate. Maintain and Manage the Project in the event of Termination i. If NRANVP issues Termination Notice for Lessee’s Event of Default under Article 7.1 (a), above, NRANVP shall have no obligation to develop and/or operate the Project ii. However, in the event NRANVP decides to develop and/or operate the Project, NRANVP shall provide a notice to the Lessee before the Termination becoming effective, stating NRANVP’s intent to step in (whether itself or through its agents/affiliates) and shall carry on the development to such extent as it may deem fit. It is clarified that in such case, NRANVP shall not be liable in any manner to any third party for any liability or commitment made by the Lessee. iii. NRANVP shall have no liability to the Lessee for any act resulting from a breach by Lessee of its obligations under this Agreement or any agreement or commitment made by the Lessee to any third party. iv. In the event of Termination of this Agreement, NRANVP shall have no liability towards Lessee and/or towards any third party, lenders of the Lessee, Contractors, service providers, suppliers with whom Lessee has any kind of contractual obligation and the Lessee shall remain solely liable for its liability and obligations. v. Further, notwithstanding anything to the contrary contained herein, in the event of Termination or expiry of Lease, the rights, liberties and privileges vested in Authority under the Act and rules notified thereunder from time to time, shall be exercisable by NRANVP

No obligation to Operate. Maintain and Manage the Project in the event of Terminationtermination i. a. If NRANVP issues Termination Notice for Lessee’s Event of Default under Article 7.1 6.1 (a), above, then NRANVP shall not have no the obligation to develop and/or and operate the ProjectProject itself or through its agents/affiliates from the date of such termination Notice. ii. However, in the event b. If NRANVP decides to develop and/or operate the Project, Project as aforesaid then NRANVP shall provide a during the period in which Termination Notice is in effect, notice to the Lessee before the Termination becoming effectiveLessee, stating NRANVP’s intent NRANVP to step in (whether itself or through its agents/affiliates) and shall carry on the development to such extent as it may deem fitfit . It is clarified that in In such case, NRANVP shall not be liable in any manner to any third party for any liability or commitment made by the Lessee. iii▇. NRANVP ▇▇▇▇▇▇ shall have no liability to the Lessee for any act resulting from a breach by Lessee of its obligations under this Agreement or any agreement or commitment made by the Lessee to any third party. iv. d. In the event of Termination of this Agreement, NRANVP shall have no liability towards Lessee and/or towards any third party, lenders of the Lessee, Contractorscontractors, service providers, suppliers with whom Lessee has any kind of contractual obligation and the Lessee shall remain solely liable for its liability and obligations. v. e. Further, notwithstanding anything to the contrary contained herein, herein in the event case of Termination earlier termination or expiry of Lease, the rights, liberties and privileges vested in Authority under the Act by Chhattisgarh Nagar Tatha Gram Nivesh Adhiniyam, 1973 (No.23 of 1973) and rules notified thereunder from time to time, shall be exercisable by NRANVPNRANVP and Lessee will be correspondingly liable.

No obligation to Operate. Maintain and Manage the Project in the event of Terminationtermination i. a. If NRANVP issues Termination Notice for Lessee’s Event of Default under Article 7.1 6.1 (a), above, then NRANVP shall not have no the obligation to develop and/or and operate the ProjectProject itself or through its agents/affiliates from the date of such termination Notice. ii. However, in the event b. If NRANVP decides to develop and/or operate the Project, Project as aforesaid then NRANVP shall provide a during the period in which Termination Notice is in effect, notice to the Lessee before the Termination becoming effectiveLessee, stating NRANVP’s intent NRANVP to step in (whether itself or through its agents/affiliates) and shall carry on the development to such extent as it may deem fitfit . It is clarified that in In such case, NRANVP shall not be liable in any manner to any third party for any liability or commitment made by the Lessee. iii▇. NRANVP ▇▇▇▇▇▇ shall have no liability to the Lessee for any act resulting from a breach by Lessee of its obligations under this Agreement or any agreement or commitment made by the Lessee to any third party. iv. d. In the event of Termination of this Agreement, NRANVP shall have no liability towards Lessee and/or towards any third party, lenders of the Lessee, Contractorscontractors, service providers, suppliers with whom Lessee has any kind of contractual obligation and the Lessee shall remain solely liable for its liability and obligations. v. e. Further, notwithstanding anything to the contrary contained herein, herein in the event case of Termination earlier termination or expiry of Lease, the rights, liberties and privileges vested in Authority under the Act by Chhattisgarh Nagar Tatha Gram Nivesh Adhiniyam, 1973 (No.23 of 1973) and rules rul es notified thereunder from time to time, shall be exercisable by NRANVPNRANVP and Lessee will be correspondingly liable.

No obligation to Operate. Maintain and Manage the Project in the event of Terminationtermination i. a. If NRANVP NRDA issues Termination Notice for Lessee’s Event of Default under Article 7.1 (a), above, NRANVP then NRDA shall not have no the obligation to develop and/or and operate the ProjectProject itself or through its agents/affiliates from the date of such termination Notice ii. However, in the event NRANVP b. If NRDA decides to so develop and/or operate the Project, NRANVP Project as aforesaid then NRDA shall provide a during the period in which Termination Notice is in effect, notice to the Lessee before the Termination becoming effectiveLessee, stating NRANVP’s intent NRDA to step in (whether itself or through its agents/affiliates) and shall carry on the development to such extent as it may deem fitfit . It is clarified that in In such case, NRANVP NRDA shall not be liable in any manner to any third party for any liability or commitment made by the Lessee. iii. NRANVP c. NRDA shall have no liability to the Lessee for any act resulting from a breach by Lessee of its obligations under this Agreement or any agreement or commitment made by the Lessee to any third party. iv. d. In the event of Termination of this Agreement, NRANVP NRDA shall have no liability towards Lessee and/or towards any third party, lenders of the Lessee, Contractorscontractors, service providers, suppliers with whom Lessee has any kind of contractual obligation and the Lessee shall remain solely liable for its liability and obligations. v. e. Further, notwithstanding anything to the contrary contained herein, herein in the event case of Termination earlier termination or expiry of Lease, the rights, liberties and privileges vested in Authority under the Act by Chhattisgarh Nagar Tatha Gram Nivesh Adhiniyam, 1973 (No.23 of 1973) and rules notified thereunder from time to time, shall be exercisable by NRANVPNRDA and Lessee will be correspondingly liable.

No obligation to Operate. Maintain and Manage the Project Sales Showroom for Sales Showroom, Service and Repair Centre for Two ▇▇▇▇▇▇▇ Automobile Industry in the event of Termination i. a. If NRANVP issues Termination Notice for Lessee’s Event of Default under Article 7.1 (a), above, NRANVP shall have no obligation to develop and/or operate the ProjectCorporate office. ii. b. However, in the event NRANVP decides to develop and/or operate the ProjectCorporate office, NRANVP shall provide a notice to the Lessee before the Termination becoming effective, stating NRANVP’s intent to step in (whether itself or through its agents/affiliates) and shall carry on the development to such extent as it may deem fit. It is clarified that in such case, NRANVP shall not be liable in any manner to any third party for any liability or commitment made by the Lessee. iii▇. NRANVP ▇▇▇▇▇▇ shall have no liability to the Lessee for any act resulting from a breach by Lessee of its obligations under this Agreement or any agreement or commitment made by the Lessee to any third partyThird Party. iv. d. In the event of Termination of this Agreement, NRANVP shall have no liability towards Lessee and/or towards any third party, lenders of the Lessee, Contractors, service providers, suppliers with whom Lessee has any kind of contractual obligation and the Lessee shall remain solely liable for its liability and obligations. v. e. Further, notwithstanding anything to the contrary contained herein, in the event of Termination or expiry of Lease, the rights, liberties and privileges vested in Authority under the Act and rules notified thereunder from time to time, shall be exercisable by NRANVP

No obligation to Operate. Maintain and Manage the Project in the event of Termination i. If NRANVP issues Termination Notice for LesseeLicensee’s Event of Default under Article 7.1 (a), above, NRANVP shall have no obligation to develop and/or operate the Project. ii. However, in the event NRANVP decides to develop and/or operate the Project, NRANVP shall provide a notice to the Lessee Licensee before the Termination becoming effective, stating NRANVP’s intent to step in (whether itself or through its agents/affiliates) and shall carry on the development to such extent as it may deem fit. It is clarified that in such case, NRANVP shall not be liable in any manner to any third party for any liability or commitment made by the LesseeLicensee. iii. NRANVP shall have no liability to the Lessee Licensee for any act resulting from a breach by Lessee Licensee of its obligations under this Agreement or any agreement or commitment made by the Lessee Licensee to any third party. iv. In the event of Termination of this Agreement, NRANVP shall have no liability towards Lessee Licensee and/or towards any third party, lenders of the LesseeLicensee, Contractors, service providers, suppliers with whom Lessee Licensee has any kind of contractual obligation and the Lessee Licensee shall remain solely liable for its liability and obligations. v. Further, notwithstanding anything to the contrary contained herein, in the event of Termination or expiry of LeaseLicense, the rights, liberties and privileges vested in Authority under the Act and rules notified thereunder from time to time, shall be exercisable by NRANVP

No obligation to Operate. Maintain and Manage the Project Sales Showroom for Sales Showroom, Service and Repair Centre for Two ▇▇▇▇▇▇▇ Automobile Industry in the event of Termination i. a. If NRANVP ANVP issues Termination Notice for Lessee’s Event of Default under Article 7.1 (a), above, NRANVP ANVP shall have no obligation to develop and/or operate the ProjectSales Showroom, Service and Repair Centre for Two ▇▇▇▇▇▇▇ Automobile Industry. ii. b. However, in the event NRANVP ANVP decides to develop and/or operate the ProjectSales Showroom, NRANVP Service and Repair Centre for Two ▇▇▇▇▇▇▇ Automobile Industry, ANVP shall provide a notice to the Lessee before the Termination becoming effective, stating NRANVPANVP’s intent to step in (whether itself or through its agents/affiliates) and shall carry on the development to such extent as it may deem fit. It is clarified that in such case, NRANVP ANVP shall not be liable in any manner to any third party for any liability or commitment made by the Lessee. iii. NRANVP c. ANVP shall have no liability to the Lessee for any act resulting from a breach by Lessee of its obligations under this Agreement or any agreement or commitment made by the Lessee to any third partyThird Party. iv. d. In the event of Termination of this Agreement, NRANVP ANVP shall have no liability towards Lessee and/or towards any third party, lenders of the Lessee, Contractors, service providers, suppliers with whom Lessee has any kind of contractual obligation and the Lessee shall remain solely liable for its liability and obligations. v. e. Further, notwithstanding anything to the contrary contained herein, in the event of Termination or expiry of Lease, the rights, liberties and privileges vested in Authority under the Act and rules notified thereunder from time to time, shall be exercisable by NRANVPANVP

No obligation to Operate. Maintain and Manage the Project in the event of Termination i. a. If NRANVP NRDA issues Termination Notice for Lessee’s Event of Default under Article 7.1 (a), above, NRANVP NRDA shall have no obligation to develop and/or operate the Project ii. b. However, in the event NRANVP NRDA decides to develop and/or operate the Project, NRANVP NRDA shall provide a notice to the Lessee before the Termination becoming effective, stating NRANVPNRDA’s intent to step in (whether itself or through its agents/affiliates) and shall carry on the development to such extent as it may deem fit. It is clarified that in such case, NRANVP NRDA shall not be liable in any manner to any third party for any liability or commitment made by the Lessee. iii. NRANVP c. NRDA shall have no liability to the Lessee for any act resulting from a breach by Lessee of its obligations under this Agreement or any agreement or commitment made by the Lessee to any third partyThird Party. iv. d. In the event of Termination of this Agreement, NRANVP NRDA shall have no liability towards Lessee and/or towards any third party, lenders of the Lessee, Contractors, service providers, suppliers with whom Lessee has any kind of contractual obligation and the Lessee shall remain solely liable for its liability and obligations. v. e. Further, notwithstanding anything to the contrary contained herein, in the event of Termination or expiry of Lease, the rights, liberties and privileges vested in Authority under the Act and rules notified thereunder from time to time, shall be exercisable by NRANVPNRDA

No obligation to Operate. Maintain and Manage the Project Health facility in the event of Termination i. a. If NRANVP issues Termination Notice for Lessee’s Event of Default under Article Clause 7.1 (a), above, NRANVP shall have no obligation to develop and/or operate the ProjectHealth facility and other Project Facilities. ii. b. However, in the event NRANVP decides to develop and/or operate the ProjectHealth facility and other Project facilities, NRANVP shall provide a notice to the Lessee before the Termination becoming effective, stating NRANVP’s intent to step in (whether itself or through its agents/affiliates) and shall carry on the development to such extent as it may deem fit. It is clarified that in such case, NRANVP shall not be liable in any manner to any third party for any liability or commitment made by the Lessee. iii▇. NRANVP ▇▇▇▇▇▇ shall have no liability to the Lessee for any act resulting from a breach by Lessee of its obligations under this Agreement or any agreement or commitment made by the Lessee to any third party. iv. d. In the event of Termination of this Agreement, NRANVP shall have no liability towards Lessee and/or towards any third party, lenders of the Lessee, Contractors, service providers, suppliers with whom Lessee has any kind of contractual obligation and the Lessee shall remain solely liable for its liability and obligations. v. Further, notwithstanding anything to the contrary contained herein, in the event of Termination or expiry of Lease, the rights, liberties and privileges vested in Authority under the Act and rules notified thereunder from time to time, shall be exercisable by NRANVP

No obligation to Operate. Maintain and Manage the Project in the event of Termination i. If NRANVP issues Termination Notice for LesseeLicensee’s Event of Default under Article Article 7.1 (ai), above, NRANVP shall have no obligation to develop and/or operate the Project. ii. However, in the event NRANVP decides to develop and/or operate the Project, NRANVP shall provide a notice to the Lessee Licensee before the Termination becoming effective, stating NRANVP’s intent to step in (whether itself or through its agents/affiliates) and shall carry on the development to such extent as it may deem fit. It is clarified that in such case, NRANVP shall not be liable in any manner to any third party for any liability or commitment made by the LesseeLicensee. iii. NRANVP shall have no liability to the Lessee Licensee for any act resulting from a breach by Lessee Licensee of its obligations under this Agreement or any agreement or commitment made by the Lessee Licensee to any third party. iv. In the event of Termination of this Agreement, NRANVP shall have no liability towards Lessee Licensee and/or towards any third party, lenders of the LesseeLicensee, Contractors, service providers, suppliers with whom Lessee Licensee has any kind of contractual obligation and the Lessee Licensee shall remain solely liable for its liability and obligations. v. Further, notwithstanding anything to the contrary contained herein, in the event of Termination or expiry of LeaseLicense, the rights, liberties and privileges vested in Authority under the Act and rules notified thereunder from time to time, shall be exercisable by NRANVP