Common use of Purpose of the Lease Clause in Contracts

Purpose of the Lease. 4.1. The LESSEE shall use the Property or Premise for its business purpose which will include, but not limited to, ( nature of business) as the LESSEE may desire. The LESSEE shall be free to carry on with its businesses directly or through its associates, or as Joint Venture, (…….or by way of sub-leasing the said Property or Premise to third parties partly or fully, or under arrangements like outsourcing or franchising, or as a combination of such means/methods of carrying on with business) solely at the LESSEE’s convenience and discretion. Sale of any retail products/goods/services/marketing of own/national/international brands, products and services as may be decided by the LESSEE from time to time will form part and parcel of the business purpose referred to herein. The LESSOR shall have no objection to the conduct of business as per the purpose mentioned in this Lease Agreement and the LESSOR hereby permits the LESSEE to do so strictly in compliance of all existing Law, wherever applicable. However, all sub-leases shall be co-terminus with the original lease period as per the Lease Agreement or the earlier period. 4.2. The LESSEE shall also be free to obtain all the utility services necessary in its own name or in the name of any of its associates/or Joint Venture, or group companies/firms, (……………or in the name of the tenants to whom the Property or Premise are sub-leased,) or in the name of any entity operating within the Property or Premise on outsourcing or franchising arrangements, at any time during the subsistence of this Lease Agreement. The LESSOR shall provide No Objection Certificate (NOC), wherever necessary, for obtaining such utility services as and when required without demur and any additional cost or charges. 4.3. The LESSEE shall be free do all activities in the Property or Premise as it may deem as needed for its business which may include, ( but not limited to, making up of the site, construction/modification/alteration of buildings subject to compliance of applicable laws only with the prior written permission from LESSOR and other facilities, creating vehicle parking facilities, erection/installation and operation of various items of equipment and systems, installation of signages, hoardings and other temporary constructions/installations, sub-leasing constructed area, facilities, equipment, or the Property or Premise in part or in full for the conduct of mutually agreed purpose of lease. The LESSOR shall not be responsible for any violations of law arising out of the construction activities. The LESSEE shall be free to enter into contracts and agreements with third party service provider, financial institution/bank, tenant, customer, associate, individual, firm, company, Joint Venture partner, national or international brand, etc. for pursuing its business in the Property or Premise. 4.4. The LESSEE shall do all the repairs arising out of the normal wear and tear or resulting from any modifications by the LESSEE at it’s own cost. 4.5. The LESSEE shall submit specific plan to LESSOR in case any additional construction or alteration works to be done in the premises, for the approval by the LESSOR. Any capital and operational expenses incidental in this regard, shall be solely borne by the LESSEE. 4.6. The LESSEE shall demolish any existing buildings or improvements in the Property or Premise are not required, or would hinder development of the Property or Premise only with the prior written permission from the LESSOR. 4.7. The LESSOR hereby authorizes the LESSEE (represented by any/all of its designated partners or authorized employees) to sign and execute necessary applications, documents or certificates in connection with applying to the concerned authorities for obtaining permissions or approvals for civil constructions including buildings, electrical, mechanical and other installations, signages, hoardings and other temporary installations/constructions, on LESSEE’s own behalf or on behalf of the LESSOR wherever necessary.) 4.8. Signages & displays: The LESSEE and its tenants shall be entitled to display sign boards, neon signs, displays, hoardings bearing their trade name, trade mark or logo inside and outside the Property or Premise, and also to display the name boards / nameplates of the LESSEE or its tenants at the entrance of the Property or Premise and constructions made thereon, at their own costs and expense; It is hereby clarified that obtaining permission/approval for the same shall be the responsibility of the LESSEE, and Taxes or any other charges payable in respect of display of signboards to any Authority shall be borne and payable by the LESSEE/its tenants alone. 4.9. At the time of occupation, the LESSEE shall ensure that all fittings and fixtures are in perfect order and shall be responsible to restore this in the same condition in which they have been taken over except natural wear and tear.

Purpose of the Lease. 4.1. The LESSEE shall use the usethe Property or Premise for Premisefor its business purpose which will include, but not limited to, ( ……………………..nature of business) as the LESSEE may desire. The LESSEE shall be free to carry on with its businesses directly or through its associates, or as Joint Venture, (…….or by way of sub-leasing the said Property or Premise to Premiseto third parties partly or fully, or under arrangements like outsourcing or franchising, or as a combination of such means/methods of carrying on with business) solely at the LESSEE’s convenience and discretion. Sale ▇▇▇▇▇▇▇▇▇▇.▇▇▇▇ of any retail products/goods/services/marketing of own/national/international brands, products and services as may be decided by the LESSEE from time to time will form part and parcel of the business purpose referred to herein. The LESSOR TheLESSOR shall have no objection to the conduct of business as per the purpose mentioned in this Lease Agreement and Agreementand the LESSOR hereby permits the LESSEE to do so strictly in compliance of all existing Law, wherever applicable. However, all sub-leases shall be co-terminus with terminuswith the original lease period as periodas per the Lease Agreement or the earlier period. 4.2. The LESSEE shall also be free to obtain all the utility services necessary in its own name or in the name of any of its associates/or Joint Venture, or group companies/firms, (……………or in the name of the tenants to whom the Property or Premise are Premiseare sub-leased,) or in the name of any entity operating within the Property or Premise on Premiseon outsourcing or franchising arrangements, ,at any time during the subsistence of this Lease Agreement. The LESSOR shall provide No Objection Certificate (NOC), wherever necessary, for obtaining such utility services as and when required without demur and any additional cost or charges. 4.3. The LESSEE shall be free do all activities in the Property or Premise as Premiseas it may deem as needed for its business which may include, ( but not limited to, ,making up of the site, construction/modification/alteration of buildings subject to compliance buildingssubject tocompliance of applicable laws only with lawsonlywith the prior written permission from LESSOR and other facilities, creating vehicle parking facilities, erection/installation and operation of various items of equipment and systems, ,installation of signages, hoardings and hoardingsand other temporary constructions/installations, sub-leasing constructed area, facilities, equipment, ,or the Property or Premise in Premisein part or in full for the conduct of mutually agreed purpose of lease. .The LESSOR shall not be responsible for any violations of law arising out of the construction activities. The LESSEE shall be free to enter into contracts and agreements with agreementswith third party service provider, financial institution/bank, tenant, customer, associate, individual, firm, company, Joint Venture partner, national or international brand, etc. for pursuing its business in the Property or Premise. 4.4. The LESSEE shall do all the repairs arising out of the normal wear and tear or resulting from any modifications by the LESSEE at LESSEEat it’s own cost. 4.5. The LESSEE shall submit specific plan to LESSOR in case incase any additional construction or alteration works to be done in the premises, for the forthe approval by the LESSOR. Any capital and operational expenses incidental in this regard, shall be solely borne by the LESSEE. 4.6. The LESSEE shall demolish any existing buildings or improvements in the Property or Premise are Premiseare not required, or would hinder development of the Property or Premise only with the prior written permission from the LESSOR. 4.7. The LESSOR hereby authorizes the LESSEE (represented by any/all of its designated partners or authorized employees) to sign and execute necessary applications, documents or certificates in connection with applying to the concerned authorities for obtaining permissions or approvals for civil constructions including buildings, electrical, mechanical and other installations, signages, hoardings and other temporary installations/constructions, on LESSEE’s own LESSEE’sown behalf or on behalf of the LESSOR wherever necessary.) 4.8. Signages & displays: The LESSEE and its tenants shall be entitled to display sign boards, neon signs, displays, hoardings bearing their trade name, trade mark or logo inside and outside the Property or Premise, and also to display the name boards / nameplates of the LESSEE or its tenants at the entrance of the Property or Premise and constructions made thereon, at their own costs and expense; It is hereby clarified that obtaining permission/approval for the same shall be the responsibility of the LESSEE, and Taxes or any other charges payable in respect of display of signboards to any Authority shall be borne and payable by the LESSEE/its tenants alone. 4.9. At the time of occupation, the LESSEE shall ensure that all fittings and fixtures are in perfect order and shall be responsible to restore this in the same condition in which they have been taken over except natural wear and tear.

Purpose of the Lease. 4.1. The LESSEE shall use the Property or Premise for its business purpose which will include, but not limited to, ( nature of business) as the LESSEE may desire. The LESSEE shall be free to carry on with its businesses directly or through its associates, or as Joint Venture, (…….or ( or by way of sub-leasing the said Property or Premise to third parties partly or fully, or under arrangements like outsourcing or franchising, or as a combination of such means/methods of carrying on with business) solely at the LESSEE’s convenience and discretion. Sale of any retail products/goods/services/marketing of own/national/international brands, products and services as may be decided by the LESSEE from time to time will form part and parcel of the business purpose referred to herein. The LESSOR shall have no objection to the conduct of business as per the purpose mentioned in this Lease Agreement and the LESSOR hereby permits the LESSEE to do so strictly in compliance of all existing Law, wherever applicable. However, all sub-leases shall be co-terminus with the original lease period as per the Lease Agreement or the earlier period. 4.2. The LESSEE shall also be free to obtain all the utility services necessary in its own name or in the name of any of its associates/or Joint Venture, or group companies/firms, (……………or in the name of the tenants to whom the Property or Premise are sub-leased,) or in the name of any entity operating within the Property or Premise on outsourcing or franchising arrangements, at any time during the subsistence of this Lease Agreement. The LESSOR shall provide No Objection Certificate (NOC), wherever necessary, for obtaining such utility services as and when required without demur and any additional cost or charges. 4.3. The LESSEE shall be free do all activities in the Property or Premise as it may deem as needed for its business which may include, ( (… but not limited to, making up of the site, construction/modification/alteration of buildings subject to compliance of applicable laws only with the prior written permission from LESSOR and other facilities, creating vehicle parking facilities, erection/installation and operation of various items of equipment and systems, installation of signages, hoardings and other temporary constructions/installations, sub-leasing constructed area, facilities, equipment, or the Property or Premise in part or in full for the conduct of mutually agreed purpose of lease. The LESSOR shall not be responsible for any violations of law arising out of the construction activities. The LESSEE shall be free to enter into contracts and agreements with third party service provider, financial institution/bank, tenant, customer, associate, individual, firm, company, Joint Venture partner, national or international brand, etc. for pursuing its business in the Property or Premise. 4.4. The LESSEE shall do all the repairs arising out of the normal wear and tear or resulting from any modifications by the LESSEE at it’s own cost. 4.5. The LESSEE shall submit specific plan to LESSOR in case any additional construction or alteration works to be done in the premises, for the approval by the LESSOR. Any capital and operational expenses incidental in this regard, shall be solely borne by the LESSEE. 4.6. The LESSEE shall demolish any existing buildings or improvements in the Property or Premise are not required, or would hinder development of the Property or Premise only with the prior written permission from the LESSOR. 4.7. The LESSOR hereby authorizes the LESSEE (represented by any/all of its designated partners or authorized employees) to sign and execute necessary applications, documents or certificates in connection with applying to the concerned authorities for obtaining permissions or approvals for civil constructions including buildings, electrical, mechanical and other installations, signages, hoardings and other temporary installations/constructions, on LESSEE’s own behalf or on behalf of the LESSOR wherever necessary.) 4.8. Signages & displays: The LESSEE and its tenants shall be entitled to display sign boards, neon signs, displays, hoardings bearing their trade name, trade mark or logo inside and outside the Property or Premise, and also to display the name boards / nameplates of the LESSEE or its tenants at the entrance of the Property or Premise and constructions made thereon, at their own costs and expense; It is hereby clarified that obtaining permission/approval for the same shall be the responsibility of the LESSEE, and Taxes or any other charges payable in respect of display of signboards to any Authority shall be borne and payable by the LESSEE/its tenants alone. 4.9. At the time of occupation, the LESSEE shall ensure that all fittings and fixtures are in perfect order and shall be responsible to restore this in the same condition in which they have been taken over except natural wear and tear.