Common use of Access Road Clause in Contracts

Access Road. (a) The Company shall within three (3) months of the Possession Date construct at its own cost and in accordance with the Access Road Specifications, an access road (the “Access Road”) on the Access Road Corridor starting from the nearest public road up to the Demised Premises. Upon completion of the Access Road, the Company shall hand over the completed Access Road to BPDB and risk and responsibility for the Access Road shall pass to BPDB from the time of the hand over. (b) BPDB hereby grants to the Company the right to the non-exclusive, free and unfettered use of the Access Road Corridor (following the hand over of the completed Access Road by the Company to BPDB pursuant to Sections 3.4(a) and (b)) the Access Road, throughout the Term. (c) BPDB shall throughout the Term maintain clear, unencumbered title (free of all mortgages and Liens) to the Access Road. (d) Following the hand over of the completed Access Road by the Company to BPDB pursuant to Sections 3.4(a), BPDB shall at its own cost throughout the Term maintain the Access Road each to a standard sufficient for the purposes for which the Company intends to use it and in accordance with the terms of this Lease Agreement.

Appears in 3 contracts

Samples: Land Lease Agreement, Land Lease Agreement, Land Lease Agreement

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Access Road. (a) The Company shall within three (3) months of the Possession Date construct at its own cost and in accordance with the Access Road Specifications, an access road (the “Access Road”) on the Access Road Corridor starting from the nearest public road up to the Demised Premises. Upon completion of the Access Road, the Company shall hand over the completed Access Road to BPDB and risk and responsibility for the Access Road shall pass to BPDB from the time of the hand over. (b) BPDB hereby grants to the Company the right to the non-exclusive, free and unfettered use of the Access Road Corridor (following the hand over of the completed Access Road by the Company to BPDB pursuant to Sections 3.4(a) and (b)) the Access Road, throughout the Term. (c) BPDB shall throughout the Term maintain clear, unencumbered title (free of all mortgages and Liens) to the Access Road. (d) Following the hand over of the completed Access Road by the Company to BPDB pursuant to Sections 3.4(a), BPDB shall at its own cost throughout the Term maintain the Access Road each to a standard sufficient for the purposes for which the Company intends to use it and in accordance with the terms of this Lease Agreement.

Appears in 1 contract

Samples: Land Lease Agreement

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