Common use of Additional Premium for Additional Benefits Clause in Contracts

Additional Premium for Additional Benefits. If the Licensee derives any additional benefit from the Licensed Land on account of amendments in the development plan/ Vikas yojana, development rules such as additional floor area ratio or change in use or any concession whatsoever which may be financially beneficial to the Licensee, the Authority shall have power to charge additional premium and/or fees, at the rate decided by it and proportionate increase in the annual License Rent.

Appears in 4 contracts

Samples: License Agreement, License Agreement, License Agreement

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