ASSIGNABILITY & ENCUMBRANCES. 2.6.1 Except for sub- licensing with the consent of CMRL the use of the Licensed Site(s) as per the terms of this RFP, the Licensee shall not assign any of its rights, or interest in this License Agreement in favor of any company/person(s) at any time and for any reasons whatsoever.
2.6.2 The concessionaire may, subject to the first and paramount charge of CMRL over the receivables from the sub-licensees and other users of the built-up space and facilities, for the payment of the amounts becoming due to CMRL, create second or further charge over the receivables as the security to recognized Financial Institution(s)/Banks for financial assistance and funding of the Project.
2.6.3 Under no circumstance shall the building or facilities constructed or installed at the Licensed Site(s) be mortgaged, charged or otherwise any lien (including negative lien), charge or encumbrance be created or agreed to be created in favor of any person, including the Lenders / Financial Institution(s) / Banks etc.
2.6.4 Further, it is clarified that the Licensee will be completely responsible for any loss of life or property in case of an emergency and/or due to the non-functioning of any system, including but not limited to the fire safety system that is exclusively under scope and control of Licensee. The CMRL shall not be responsible for any loss of life and property in premises due to any reason including but not limited to malfunctioning of the fire system in case of any fire emergency within the Licensed site.
ASSIGNABILITY & ENCUMBRANCES. 6.15.1 Under no circumstance, shall the structures or facilities constructed or installed at the Licensed Space(s) be hypothecated, charged or otherwise any lien (including negative lien), charge or encumbrance be created or agreed to be created by the licensee in favour of any person, including any Lenders / Financial Institution(s) / Banks etc.
