Common use of The Intending Clause in Contracts

The Intending. LESSEE undertakes that as and when the Schedule Property is no longer required by the Intending LESSEE for the aforesaid Project/Purpose, the Intending LESSEE shall forthwith relinquish and surrender the land in favour of the LESSOR, and in the event of such surrender, the LESSOR is not obligated to refund the cost of the Schedule Property paid by the Intending LESSEE. In the event of cancellation/ resumption of the Schedule Property allotted/leased, the payments made by the Intending LESSEE shall stand forfeited, including the EMD amount, towards the use and occupation of the Schedule Property. However the LESSOR may, at its option, consider the refund of the amounts paid by the Intending LESSEE subject to the deductions and other terms and conditions.