Approval of Layout and Permission Sample Clauses

Approval of Layout and Permission. The Developer shall complete all Project Development activities such as submission and approval of layout and development permission from town planning department and approval of Building Permission from NRDA within one year from the date issue of NOA. (i) Land diversion shall be done by NRDA at its own cost.. The licensee shall obtain building permission as specified at his own cost and commence the development and or construction works within twelve months or any extension granted by NRDA from the date of NOA. (ii) In case the developer has applied for building permission for 50% FAR as phase 1 development ,as specified in Article 4.1.1, then he shall be granted work commencement certificate for such Phase 1. On completion of such Phase 1 development to the satisfaction of NRDA and in terms with the development obligations set forth in this agreement, NRDA shall issue Completion Certificate and further an Occupancy Certificate for such Phase 1 development. (iii) The licensee shall commence and complete the development and or construction works for which the land has been granted, the obtaining development and/ or building permission as the case may be, within the specified the time. (iv) Where the developer does not obtain the permission of development and or building construction as the case may be within time specified by the authority, the extension in time to commence and complete the development and/or construction may be granted by the Chief Executive Officer, on payment of surcharge by the developer at the following rates- Provided that the extension in time shall be granted for Twelve months or its part only at one time and such extension shall be granted maximum for five years. (v) Where the development and construction permission have been obtained and the construction has been commenced by the developer but due to unavoidable circumstances the construction could not be completed within the time specified in the agreement, the extension in time for the completion of work may be granted by the Chief Executive Officer on payment of the following surcharge by the developer- Provided that the extension in time shall be granted for Twelve months or its part at one time and such extension shall be granted maximum for Three years.
Sample 1
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Approval of Layout and Permission. The Licensee shall complete all Project Development activities such as submission and approval of layout and development permission from town planning department and approval of Building Permission from NRDA within one year from the date issue of NOA. (i) Land diversion shall be done by NRDA at its own cost.. The licensee shall obtain building permission as specified at his own cost and commence the development and or construction works within twelve months or any extension granted by NRDA from the date of NOA. (ii) In case the licensee has applied for building permission for 50% FAR as phase 1 development ,as specified in Article 4.1.1, then he shall be granted work commencement certificate for such Phase 1. On completion of such Phase 1 development to the satisfaction of NRDA and in terms with the development obligations set forth in this agreement, NRDA shall issue Completion Certificate and further an Occupancy Certificate for such Phase 1 development. (iii) The licensee shall commence and complete the development and or construction works for which the land has been granted, the obtaining development and/ or building permission as the case may be, within the specified the time. (iv) Where the licensee does not obtain the permission of development and or building construction as the case may be within time specified by the authority, the extension in time to commence and complete the development and/or construction may be granted by the Chief Executive Officer, on payment of surcharge by the licensee at the following rates- Provided that the extension in time shall be granted for Twelve months or its part only at one time and such extension shall be granted maximum for five years. (v) Where the development and construction permission have been obtained and the construction has been commenced by the licensee but due to unavoidable circumstances the construction could not be completed within the time specified in the agreement, the extension in time for the completion of work may be granted by the Chief Executive Officer on payment of the following surcharge by the licensee- Provided that the extension in time shall be granted for Twelve months or its part at one time and such extension shall be granted maximum for Three years.
Sample 1

Related to Approval of Layout and Permission

  • License and Permits Each party shall obtain and maintain on an active and current basis, all licenses, permits, registrations, approvals and other authority as may be required from any applicable federal, state, tribal and local governments and agencies having jurisdiction over the subject matter of this Lease and any Lease Schedule.

  • LICENSING AND PERMITS The Contractor shall maintain the appropriate licenses throughout the life of this Contract. Contractor shall also obtain any and all permits which might be required by the work to be performed herein.

  • Consents and Permits Except as disclosed in the Registration Statement and the Prospectus, the Company and its Subsidiaries have made all filings, applications and submissions required by, possesses and is operating in compliance with, all approvals, licenses, certificates, certifications, clearances, consents, grants, exemptions, marks, notifications, orders, permits and other authorizations issued by, the appropriate federal, state or foreign Governmental Authority (including, without limitation, the United States Food and Drug Administration (the “FDA”), the United States Drug Enforcement Administration or any other foreign, federal, state, provincial, court or local government or regulatory authorities including self-regulatory organizations engaged in the regulation of clinical trials, pharmaceuticals, biologics or biohazardous substances or materials) necessary for the ownership or lease of their respective properties or to conduct its businesses as described in the Registration Statement and the Prospectus (collectively, “Permits”), except for such Permits the failure of which to possess, obtain or make the same would not have a Material Adverse Effect; the Company and its Subsidiaries are in compliance with the terms and conditions of all such Permits, except where the failure to be in compliance would not have a Material Adverse Effect; all of the Permits are valid and in full force and effect, except where any invalidity, individually or in the aggregate, would not be reasonably expected to have a Material Adverse Effect; and neither the Company nor any of its Subsidiaries has received any written notice relating to the limitation, revocation, cancellation, suspension, modification or non-renewal of any such Permit which, singly or in the aggregate, if the subject of an unfavorable decision, ruling or finding, would have a Material Adverse Effect, or has any reason to believe that any such license, certificate, permit or authorization will not be renewed in the ordinary course. To the extent required by applicable laws and regulations of the FDA, the Company or the applicable Subsidiary has submitted to the FDA an Investigational New Drug Application or amendment or supplement thereto for each clinical trial it has conducted or sponsored or is conducting or sponsoring; all such submissions were in material compliance with applicable laws and rules and regulations when submitted and no material deficiencies have been asserted by the FDA with respect to any such submissions.

  • Approvals and Permits The Company possesses such certificates, authorizations, licenses, and permits issued by the appropriate state, federal, and foreign regulatory agencies or bodies necessary to conduct the business now operated by it, and the Company has not received any notice of proceedings relating to the revocation or modification of any such certificate, authorization, or permit which, singly or in the aggregate, if the subject of an unfavorable decision, ruling, or finding, would materially and adversely affect the conduct of the business, operations, financial condition, or income of the Company.

  • Compliance with Laws and Permits Each of the Credit Parties is in compliance in all material respects with all Laws applicable to it and its business and assets, including Environmental Laws and ABTL Laws. Each of the Credit Parties holds all material permits, licenses, approvals, consents and other authorizations required under all such laws and regulations to own its assets and to carry on its business.

  • Governmental Authorizations; Private Authorizations; Governmental Filings The Borrower has obtained, maintained and kept in full force and effect all Governmental Authorizations and Private Authorizations which are necessary for it to properly carry out its business, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect, and made all material Governmental Filings necessary for the execution and delivery by it of the Facility Documents to which it is a party, the Borrowings by the Borrower under this Agreement, the pledge of the Collateral by the Borrower under this Agreement and the performance by the Borrower of its obligations under this Agreement, the other Facility Documents, and no material Governmental Authorization, Private Authorization or Governmental Filing which has not been obtained or made, is required to be obtained or made by it in connection with the execution and delivery by it of any Facility Document to which it is a party, the Borrowings by the Borrower under this Agreement, the pledge of the Collateral by the Borrower under this Agreement or the performance of its obligations under this Agreement and the other Facility Documents to which it is a party.

  • Authorization, Approval, etc No authorization, approval, or other action by, and no notice to or filing with, any governmental authority, regulatory body or any other Person is required either (a) for the pledge by the Pledgor of any Collateral pursuant to this Pledge Agreement or for the execution, delivery, and performance of this Pledge Agreement by the Pledgor, or (b) for the exercise by the Collateral Agent of the voting or other rights provided for in this Pledge Agreement, or, except with respect to any Pledged Shares, as may be required in connection with a disposition of such Pledged Shares by laws affecting the offering and sale of securities generally, the remedies in respect of the Collateral pursuant to this Pledge Agreement.

  • Licenses and Permits Each Mortgagor covenants in the Mortgage Loan documents that it shall keep all material licenses, permits, franchises, certificates of occupancy and applicable governmental approvals necessary for the operation of the Mortgaged Property in full force and effect, and to the Mortgage Loan Seller’s knowledge based upon any of a letter from any government authorities, zoning consultant’s report or other affirmative investigation of local law compliance consistent with the investigation conducted by the Mortgage Loan Seller for similar commercial and multifamily mortgage loans intended for securitization; all such material licenses, permits, franchises, certificates of occupancy and applicable governmental approvals are in effect or the failure to obtain or maintain such material licenses, permits, franchises or certificates of occupancy and applicable governmental approvals does not materially and adversely affect the use and/or operation of the Mortgaged Property as it was used and operated as of the date of origination of the Mortgage Loan or the rights of a holder of the related Mortgage Loan. The Mortgage Loan documents require the related Mortgagor to comply in all material respects with all applicable regulations, zoning and building laws.

  • Waiver of Notice; Approval of Meeting; Approval of Minutes The transactions of any meeting of Limited Partners, however called and noticed, and whenever held, shall be as valid as if it had occurred at a meeting duly held after regular call and notice, if a quorum is present either in person or by proxy. Attendance of a Limited Partner at a meeting shall constitute a waiver of notice of the meeting, except when the Limited Partner attends the meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully called or convened; and except that attendance at a meeting is not a waiver of any right to disapprove the consideration of matters required to be included in the notice of the meeting, but not so included, if the disapproval is expressly made at the meeting.

  • Consents, Permits, and Waivers The Company shall have obtained any and all consents, permits and waivers necessary or appropriate for consummation of the transactions contemplated by the Agreement and the Related Agreements.

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