Common use of Fitment period Clause in Contracts

Fitment period. For carrying out the fit-outs, finishing works etc., Licensee would be permitted a rent free fitment period of 30 days from the date of handing over of the space. The Licensee shall have to complete in all respects the development of the tendered / licensed space, within the period of 30 days from the date of ‘handing over’ of the space by MAHA-METRO under the License Agreement, as license fee would be applicable after expiry of 30 days rent free fitment period. The agreement shall be valid for a period of 09 years from the date of handover of property business space, irrespective of extension of fitment period by Maha-Metro.

Fitment period. For carrying out the fit-outs, finishing works etc., Licensee successful bidder would be permitted a rent free fitment period of 30 days from the date of handing over of the space. The Licensee successful bidder shall have to complete in all respects the development of the tendered / licensed space, within the period of 30 days from the date of ‘handing over’ of the space by MAHA-METRO under the License Agreement, as license fee would be applicable after expiry of 30 days rent free fitment period. The agreement shall be valid for a period of 09 years from the date of handover of property business space, irrespective of extension of fitment period by Maha-Metro.