Grant of License Rights. 3.1. On and from the Commencement Date and subject to the terms and conditions set forth in this Agreement, CMRL/LICENSOR grants and authorizes the Licensee the right to enter, develop, design, construct, complete, manage, operate and maintain the Project at the Project Site at its own cost, expense and risk for the License Period of 30+30 years from the Commencement Date. The License entitles the Licensee the following benefits, privileges, authorizations and entitlements, to be exercised at its own cost, expense and risk in accordance with Applicable Laws:
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Grant of License Rights. 3.1. On and from the Commencement Date and subject to the terms and conditions set forth in this Agreement, CMRL/LICENSOR grants and authorizes the Licensee the right to enter, develop, design, construct, complete, manage, operate and maintain the Project at the Project Site at its own cost, expense and risk for the License Period of 30+30 15 years from the Commencement Date. The License entitles the Licensee the following benefits, privileges, authorizations and entitlements, to be exercised at its own cost, expense and risk in accordance with Applicable Laws:
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