Delay in Commencement of Project. Where the lessee does not obtain permission of development and/or building construction and does not commence the construction as set out in this Agreement, the extension in time to commence and complete the development and/or construction may be granted by the Chief Executive Officer, subject to payment of surcharge by the lessee as per the provision of the ''Chhattisgarh Xxxxxxx Kshetra (Xxxxx Xxxxxxxx ka Vyayan) Niyam, 2008" which is subject to revision by Authority from time to time. The present provision is as follows: — Block of Time Extension Period of Extension Amount of surcharge as Percentage of Land Premium First Twelve Months or parts thereof 20% Second Twelve Months or parts thereof after the first extension of time 25% Third Twelve Months or parts thereof after the second extension of time 30% Fourth Twelve Months or parts thereof after the third extension of time 35% Fifth Twelve Months or parts thereof after the fourth extension of time 40% 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, failure to commence the development and/or construction even after the extension provided by Authority under this clause shall lead to termination of Lease Agreement.
Delay in Commencement of Project. The lessee shall commence the development/construction works for which the land has been granted, by obtaining development and/ or building permission as the case may be, within the time of Twelve months from the date of execution of this Agreement Where the lessee does not obtain the permission of development and/or building construction as the case may be within the time specified by the Authority, the extension in time to commence the development/construction may be granted by the Chief Executive Officer, NRDA, on payment of surcharge by the lessee at the following rates: Block of Period of Extension Amount of surcharge as % of accepted land Premium (INR per Sq. m) First Twelve Months or parts thereof 20% Second Twelve Months or parts thereof after the first extension of time 25% Third Twelve Months or parts thereof after the second extension of time 30% Fourth Twelve Months or parts thereof after the third extension of time 35% Fifth Twelve Months or parts thereof after the fourth extension of time 40% 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.
Delay in Commencement of Project. Where the Lessee does not obtain the permission for development and/or construction of building within time specified by the authority in the tender documents, the extension in time to obtain permission for development and/or construction of building, as the case may be, shall be granted by the Chief Executive Officer on payment of surcharge specified in the table below by the Lessee subject to condition that the construction shall be completed within the time specified in the Tender documents — First Twelve months or part thereof Two Second Twelve months or part thereof after the First extension of time, as the case maybe, if it is within the time limit of completion of construction as per agreement Three Third Twelve months or part thereof after the Second extension of time, as the case may be, if it is within the time limit of completion of construction as per agreement Five
Delay in Commencement of Project. The lessee shall commence the development and/or construction works for which the land has been granted, by obtaining development and/or building permission as the case may be and all other permissions/clearances/licences required from the competent Authorities within the period of Six months from the date of issuance of NoA. Where the lessee does not obtain the permission for development and/or construction of building within time specified by the authority in this Agreement, the extension in time to obtain permission for development and/or construction of building, as the case may be, shall be granted by the Chief Executive Officer on payment of surcharge specified in the table below by the lessee subject to condition that the construction shall be completed within the time specified in this agreement – First Twelve months or part thereof Two Second Twelve months or part thereof after the First extension of time, as the case maybe, if it is within the time limit of completion of construction as per agreement Three Third Twelve months or part thereof after the Second extension of time, as the case may be, if it is within the time limit of completion of construction as per agreement Five
Delay in Commencement of Project i. The Licensee shall develop the project as per project development milestone set out in Article 2.8.
ii. Where the Licensee does not obtain the permission of development and/or building construction as the case may be within the time specified by the Authority, the extension in time to commence the development/construction may be granted by the Chief Executive Officer, NRANVP, on payment of surcharge by the Licensee.
iii. Where the Licensee does not obtain the permission for development and/or construction of building within time specified by the authority in the tender documents, the extension in time to obtain permission for development and/or construction of building, as the case may be, shall be granted by the Chief Executive Officer on payment of surcharge specified in the table below by the Licensee subject to condition that the construction shall be completed within the time specified in the Tender documents: — First Twelve months or part thereof Two Second Twelve months or part thereof after the First extension of time, as the case maybe, if it is within the time limit of completion of construction as per agreement Three Third Twelve months or part thereof after the Second extension of time, as the case may be, if it is within the time limit of completion of construction as per agreement Five
Delay in Commencement of Project. Where the development and/or construction, as the case may be is commenced by the lessee as per terms of agreement after obtaining development and/or building construction permission but fails to complete the above mentioned stage of construction, 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 lessee – Block of time Extension Period of Extension Amount of surcharge as Percentage of the Land Premium 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 five years.
Delay in Commencement of Project. The lessee shall commence and complete the development and or construction works for which the land has been granted, by obtaining development and/ or building permission as the case may be, within the time specified in the NIT. In the event of failure in adhering to anytime line extension and penalty etc., will be applicable as per Chhattisgarh xxxxxxx Kshetra (Xxxxx Sampti xx Xxxxx) Niyam, 2008.
Delay in Commencement of Project i. The Licensee shall develop the project as per project development milestone set out in Article 2.8.
ii. Where the Licensee does not obtain the permission of development and/or building construction as the case may be within the time specified by the Authority, the extension in time to commence the development/construction may be granted by the Chief Executive Officer, NRANVP, on payment of surcharge by the Licensee.
iii. Where the Licensee does not obtain permission of development and/or building construction as set out in this Agreement, the extension in time to commence the development and/or construction may be granted by the CEO, NRANVP subject to payment of surcharge by the Licensee as per the provision of the ''Chhattisgarh Xxxxxxx Kshetra (Xxxxx Xxxxxxxx ka Vyayan) Niyam, 2008" which is subject to revision by Authority from time to time. The present provision is as follows : — Block of time Extension Period of Extension Amount of surcharge as Percent of the Land premium First Twelve months or part thereof Twenty Second Twelve months or part thereof after the First extension of time Twenty-five Third Twelve months or part thereof after the Second extension of time Thirty Fourth Twelve months or part thereof after the Third extension of time Thirty-Five Fifth Twelve months or part thereof after the Fourth extension of time Forty 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, failure to commence the development and/or construction even after the extension provided by Authority under this Article shall lead to termination of License Agreement.
Delay in Commencement of Project. 12.1 If the Research Project does not commence within three (3) months of the award without any valid justification for not commencing, which justification must be accepted in writing by TRC, TRC may withdraw the offer of the award and cancel the Research Project.
Delay in Commencement of Project. The Lessee shall commence the development and or construction works for which the land has been granted, by obtaining development and/ or building permission as the case may be, within the time of 1 year from the date of execution of this Agreement. Where the lessee does not obtain the permission of development and/or building construction as the case may be within the time specified by the Authority, the extension in time to commence the development and/or construction may be granted by the Chief Executive Officer, Xxxx Raipur Xxxx Nagar Vikas Pradhikaran, on payment of surcharge by the lessee at the following rates: First Twelve months or part thereof Twenty Second Twelve months or part thereof after the First extension of time Twenty Five Third Twelve months or part thereof after the Second extension of time Thirty Fourth Twelve months or part thereof after the Third extension of time Thirty Five Fifth Twelve months or part thereof after the Fourth extension of time Forty 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.
