Covenants of the Lessee. The Lessee covenants and agrees with the Lessor during the Lease Term as follows:
Covenants of the Lessee. The Lessee hereby agrees that so long as this Participation Agreement is in effect:
Covenants of the Lessee. 3.1 The LESSEE shall enter upon and take possession of the said allotted plot as it is, within 15 days from the date of execution of this lease deed, in consideration whereof the LESSEE has paid 100% of plot cost, annual lease rent and caution deposit. Failure to do so will entitle the LESSOR to cancel the allotment and execute the cancellation deed.
3.2 The LESSEE will take possession of the plot in ‘as is where is’ condition and no further demand for any development, such as earth filling, raising the level etc., shall be entertained. Any other improvement or developments inside the allotted plot is purely at the discretion of the LESSEE. Any cost incurred for such development will be borne by the LESSEE.
3.3 The LESSEE shall utilize the allotted plot only for the purpose for which it was allotted by the LESSOR and for which approvals are granted by the Competent Authorities.
3.4 The LESSEE shall, at its own cost, construct and maintain access roads leading from the Industrial Park to the said plot in strict accordance with the specifications and details prescribed by the LESSOR.
3.5 The LESSEE shall insure all the fixed assets in the plot and renew the insurance periodically.
3.6 The LESSEE shall keep the LESSOR indemnified against any and all claims for damages which may be caused to any adjoining buildings or other premises as a consequence of the erection of the buildings and industrial installations by the LESSEE. The LESSEE shall also keep the LESSOR indemnified against all payments whatsoever which, during the progress of work, may become payable or be demanded by the Local Authority in respect of the said works, or of anything done under the authority herein contained.
3.7 With the consent of the LESSEE, the LESSOR shall have the right of access into and utilising any portion of the allotted plot, as required at all times, for the purpose of laying pipelines, cables, underground drainages, channels, or providing such other common facility. The LESSOR shall have further right within the area of the allotted plot including the building standing thereon as and when felt necessary by the LESSOR, to lay down, place, maintain, alter, remove or repair any pipes, pipe lines, conduits for service lines, posts, or other appliances or apparatus in, on, under, over, along or across the plot in such area for the purposes of providing any common amenities or services for the Industrial Park and the same may be done either directly by any person either generall...
Covenants of the Lessee. 38 Section 5.1. Maintenance of Existence............................. 38 Section 5.2. Maintenance of Permits............................... 38 Section 5.3. Compliance with Laws and Governmental Approvals...... 38 Section 5.4. Information.......................................... 38 Section 5.5. Annual Operating Budget.............................. 40 Section 5.6. Conduct of Business.................................. 41 Table of Contents (continued)
Covenants of the Lessee. The Lessee covenants with the Lessor to pay rent, and to observe and perform all the covenants and provisions of this Lease on its part to be observed and performed.
Covenants of the Lessee. The covenants and agreements of or with respect to the Lessee under this Article VIII shall remain in full force and effect until the Lease Termination Date.
Covenants of the Lessee. The Lessee hereby covenants and agrees with the Lessor, the Lenders and the Administrative Agent that it shall comply with the following provisions of this Section 10.1, it being understood that the following covenants are in addition to, and not by way of limitation of, any covenant set forth in the Lease or any other Operative Document.
Covenants of the Lessee. The Lessee, at the Co- Lessee's cost, expense and liability, shall cause to be promptly and du taken, executed, acknowledged and delivered all such further acts, documents (including Bills of Sale) and assurances as any Participant, the Owner Trustee or the Indenture Trustee may from time to time reasonably request in order to carry out more effectively the intent an purposes of this Participation Agreement and the other Operative Documents, and the transactions contemplated hereby and thereby. The Lessee, at the Co-Lessee's own cost, expense and liability, shall cause the financing statements (and continuation statements with respect thereto) and documents enumerated and described in Schedule IV to be recorded or filed at such places and times in such manner, and shall take all such other actions or cause such actions to be taken, as may be necessary or requested by the Owner Trustee or the Indenture Trustee, in order to establish, preserve, protect and perfect the good and marketable title of the Owner Trustee to the Equipment, and the Owner Trustee's rights under this Participation Agreement and the other Operative Documents and, so long as any Notes are outstanding under the Indenture, the first priority Lien and security interest of the Indenture Trustee in the Trust Indenture Estat and the Indenture Trustee's rights under this Participation Agreement and the other Operative Documents referred to and included under the Granting Clauses of the Indenture (including, without limitation, the filing of financing statements in appropriate jurisdictions and filing offices relating to any site to which any portion of the Equipment may be relocated and the filing of continuation statements in appropriate jurisdictions and filing offices). The Lessee shall promptly from time to time furnish to the Owner Participant or the Owner Trustee such information as may be required to enable the Owner Participant or the Owner Trustee, as the case may be, to timely file any reports and obtain any licenses or permits required to be filed or obtained by the Owner Trustee as the lessor under the Lease or as the owner of the Equipment or the Owner Participant as the beneficiary of the Trust Estate with any Governmental Authority (including environmental and tax authorities).
Covenants of the Lessee. 20 SECTION 5.1 Information.............................................................................21 SECTION 5.2 Inspection of Property, Books and Records...............................................23 SECTION 5.3 Maintenance of Existence................................................................23 SECTION 5.4 Dissolution.............................................................................24 SECTION 5.5 Consolidations, Mergers and Sales of Assets.............................................24 SECTION 5.6 [Intentionally Left Blank]..............................................................24 SECTION 5.7 Compliance with Laws; Payment of Taxes..................................................25 SECTION 5.8 Insurance...............................................................................25 SECTION 5.9 Change in Fiscal Year...................................................................25 SECTION 5.10 Maintenance of Property.................................................................25 SECTION 5.11 Environmental Notices...................................................................25 SECTION 5.12
