Common use of PURPOSE/PROJECT/USE Clause in Contracts

PURPOSE/PROJECT/USE. 4.1 The Parties agree that the Schedule Property has been allotted to the LESSEE by the LESSOR for setting up of ……………………………………… (“the Project” or “the Purpose” or “the Use”). The LESSEE shall implement the said Project and commence commercial operations within ( ) years from the Handover Date.

PURPOSE/PROJECT/USE. 4.1 3.1 The Parties agree that the Schedule Property has been allotted to the LESSEE by the LESSOR for setting up of ……………………………………… (“the Project” or “the Purpose” or “the Use”). The LESSEE shall implement as a precondition to the execution of this LEASE has implemented the said Project and commence has commenced the commercial operations within ( ) years from duly obtaining occupancy certificate and complied with the Handover Dateconditions in accordance with the terms of the Agreement.

PURPOSE/PROJECT/USE. 4.1 The Parties agree that the Schedule Property has been allotted to the Intending LESSEE by the LESSOR for setting up of …… in …………………………………… … (“the Project” or “the Purpose” or “the Use”). The Intending LESSEE shall implement the said Project and commence commercial operations within ( ) years from the Handover Dateas laid down herein after.