CONDITIONS OF LEASE a. ANERT hereby gives on lease and the CLIENT hereby takes on lease … (number of vehicles)… electric vehicles, hereinafter referred to as E-Cars/E-vehicles, on dry lease basis subject to and inconformity with the terms, conditions, covenants and stipulations contained in this agreement and the Annexures set out herein.
b. The number of vehicles taken on lease by the CLIENT may be increased depending on the requirement of the CLIENT and supply by ANERT. However ANERT reserves the right to seize or take custody of the E-Cars/E-Vehicles in case of any breach to the terms and conditions in this agreement or also on default of payment of the agreed monthly lease rent for two consecutive months by the CLIENT.
c. The E-cars/E-Vehicles so leased shall be registered in the name of ANERT, but with Hypothecation/Hire-Purchase noted in favour of EESL in accordance with the provisions of the Motor Vehicles Act, 1988 and the CLIENT shall have no right other than as the lessee of the said E-Car/E-vehicle. However the parties hereby agree that the ownership of the E-car/E-vehicle can be transferred to the name of the CLIENT on the expiry of the contract on payment of the residual value of the car, subject to the consent granted by EESL for the same.
d. The Agreement of lease entered into between ANERT and EESL shall be treated as a part of this agreement between ANERT and the CLIENT, except to the extent any terms or conditions therein are repugnant to the terms or conditions in this agreement, in which case the terms and conditions stated herein shall be treated as final, conclusive and binding on the parties. Any liability on the CLIENT under the main agreement executed by ANERT with EESL shall be treated as binding on the CLIENT notwithstanding the fact that the CLIENT is not a party to the said agreement.
CONDITIONS OF LEASE. Based upon good and valuable mutual consideration, the Parties agree as follows:
CONDITIONS OF LEASE. That the Lessor shall handover encumbrance free, unrestricted, absolute, vacant possession of the Scheduled Property to the Lessee situated at Veligallu & Xxxxxxxxx Xxxxxxxx xx Xxxxxx Xxxxxxxx, Xxxxxx Xxxxxxx. If any dispute arises in respect of lease hold rights of Lessee during the currency of the agreement, APSPCL is responsible to resolve the same. That the Lessee shall acknowledge that the Lessor has handed over unrestricted, absolute, vacant physical possession of the Scheduled Property. That the Lessee shall use the Scheduled Property for Solar power project only and shall not use or sub-lease this lease except for the said purpose mentioned under this Land Lease Agreement. That the Lessee shall not use or allow to be used the land/or the structure thereon or any part thereof for any purpose other than Solar power generation or activities connected or incidental thereto. That the Lessee shall provide the required fire-fighting arrangements as per the requirements of such power plants/facilities/buildings. That the Lessee shall ensure that the usage of land/or the structure thereon or any part thereof and any alterations/additions to buildings/structures will not create problems to neighbouring solar power plants. That the Lessee shall comply with all the statutory requirements of Central/State Govt. agencies required for erection and successful commercial operation of the solar power project. That the Lessee shall be entitled to use the Scheduled property for establishment of --- MWp Capacity Solar Power Project and carry on the activity of electricity generation from such Solar Power Project. The Lessee shall have the sole and exclusive ownership to anything installed (movable or fixed) on the Scheduled Property during the tenure of the lease). That the Lessee hereby agrees that they shall not do any act, which is destructive or permanently injurious to the Scheduled Property and degrades its commercial value. That the Lessee agree to maintain the said Scheduled Property in a clean and sanitary condition to the satisfaction of the Lessor and shall also maintain the structures, if any, erected thereon as aforesaid, in good, and substantial repair to the satisfaction of Lessor. That the Lessee shall permit the authorised officials of Lessor at all times to enter upon the scheduled Property aforesaid to view the condition and state thereof. That the Lessee shall follow the instructions given by the competent authority/ Revenue Department/ Lessor from ...
CONDITIONS OF LEASE. 3.1. Lessor shall deliver to Lessee for temporary use for the entire term of the lease all the Leased Assets in accordance with Attachment 1 (subject to any addendum thereto) in a condition permitting its normal operation.
3.2. Lessor may exercise control over the use of the Leased Assets as follows:
3.2.1. To receive at the request of Lessor information on the condition of the Leased Assets and the works conducted thereon;
3.2.2. To perform inspection of the Leased Assets provided Lessee is notified 48 (forty eight) hours in advance and further provided that any such inspection shall not interfere with the normal operation of the Leased Assets by Lessee.
3.3. Leased Assets shall be deemed leased from the date of signing of a Leased Assets Transfer Act with respect thereof.
3.4. If during the Term hereof Lessee deems that the subsequent operation of any well, which is part of the Leased Assets, is economically unviable, Lessee shall immediately notify Lessor of its intent to terminate the operation of such well. Should Lessor agree to such termination (provided, if within thirty days from such notice Lessor fails to respond thereto, such consent shall be given), Lessee may terminate operation of such well and perform at its own expense all the required works for its conservation or liquidation and abandonment. If within the above period Lessor notifies Lessee of its disagreement with the termination of such well operation, the Parties shall within 30 (thirty) days hold negotiations and agree upon the measures which need to be taken to put such well in a condition meeting the economic expediency requirement of the Parties.
CONDITIONS OF LEASE. The following are conditions on which this Lease is made and accepted:
(a) prompt payment of the rent monthly, as required above.
(b) performance of all other covenants and conditions contained herein Landlord may at his option terminate this Lease Agreement if Tenant fails to pay rent as due. Should Tenant fail to comply with any of the material provisions of this Lease (other than payment of rent) or materially fail to comply with any duties imposed on Tenant by statute, within seven (7) days after delivery of written notice by Landlord specifying the non- compliance, then and in that event, Landlord may terminate this Lease.
CONDITIONS OF LEASE. In addition to any other conditions contained in this Lease, Xxxxxx's obligations under this Lease are specifically conditioned upon (i) its ability to enter into an agreement with the Existing Tenant, in a form acceptable to Lessor in its sole discretion, to terminate the Existing Tenant's lease (the Existing Tenant has previously vacated the Premises), (ii) Lessor's approval of the financial condition, including a recent financial statement, of Xxxx Xxxxxx (who will be executing a Guaranty of this Lease covering damages not to exceed $120,000.00), (iii) the execution by Xxxx Xxxxxx of such Guaranty of Lease, and (iv) Lessee providing Lessor with a Certificate of Secretary and Incumbency Certificate indicating the authorization by the Board of Directors of Lessee to enter into this Lease and the authority of the person executing the same.
CONDITIONS OF LEASE. In addition to the conditions imposed tuhnedAecr t, this Lease is issued subject to the following conditions:
(a) the Lessee must not use the Lease Area for any purpose other than the Authorised Purpose;
(b) W K H / H V V H H P X V W R E V H U Y H D Q G S H U I R strictly and punctually;
(c) the Lessee msut comply with all applicable Legislative Requirements;
(d) the Lessee must not become Insolvent;
(e) the Lessee must comply with the obligations imposed on the Lessee under clauses 6, 7(b), 8, 9 and 10.
5.1 Minister may remedy default The Minister, or a person appointed by the Minister, may:
(a) enter the Lease Area and carry out work necessary to secure observance, performance and compliance with all of the terms and conditions contained in this Lease; and
(b) take whatever actionis necessary to remedy a breach of a Legislative Requirement or Lease condition, without prejudice to any other available remedy.
CONDITIONS OF LEASE. 1.1 The Lessor hereby grants to the Lessee and the Lessee hereby accepts on lease from the Lessor, the flat bearing no ….. on …….floor of Tower …… in the Xxxxxx Highlands Apartments, Rajagiri Valley P.O.,Kakkanadu,Kochi, Kerala-682039 (along with Car Parking as the case may be) and right to use all the common amenities and common services, and the right of ingress and egress to all common areas viz. lobbies, staircases, lifts, corridors, entrance, common washrooms, basement, parking area etc area subject to the byelaws provided in the Xxxxxx Highlands Apartment Owners Association.
1.2 The Lessor has handed over the key of the Apartment , to the Lessee simultaneously on signing of this Xxxxx Xxxx.
1.3 The LESSEE shall be entitled and permitted to use the apartment only for residential purpose of families as mandated by the byelaws of Xxxxxx Highlands Apartment Owners Association Rajagiri Valley P.O., Kakkanadu,Kochi, Kerala-682039
CONDITIONS OF LEASE. These Terms and Conditions apply to all to all oral and written requests, quotations, offers and Agreements. The applicability of general terms and conditions of the Lessee is explicitly rejected by ALGECO. In the event that the content of the Agreement differs from the content of these Terms and Conditions, the content of the Agreement shall prevail. The invalidity of any provision of the Agreement and/or these Terms and Conditions does not affect the validity of the remaining provisions of the Agreement and these Terms and Conditions. Provisions of the Agreement and these Terms and Conditions, which by their nature are intended to remain in effect after termination of the Agreement, will remain in effect after termination of the Agreement. ALGECO is authorized to amend these Terms and Conditions unilaterally. In that case ALGECO shall inform the Lessee of the amendments in a timely manner. There shall be at least 30 days between the notification and the coming into effect of the amended Terms and Conditions.
CONDITIONS OF LEASE. Once the Lease Commencement Date has been established, the parties hereby agree to execute a declaration substantially in the form of Exhibit B attached hereto, setting forth the Lease Commencement Date and the termination date.
