Common use of Grant of rights to Concessionaire Clause in Contracts

Grant of rights to Concessionaire. a. Subject to and in accordance with the terms and conditions set forth in the Agreement, the Applicable Laws and Applicable Permits, the Concessioning Authority hereby authorises the Concessionaire to invest, finance, design, engineer, construct, equip, commission, operate, market, maintain and manage the Project during the Term of the Agreement. b. For the purpose of implementing the Project, Concessioning Authority inter alia grants to the Concessionaire all the rights, powers, benefits, privileges, authorisations and entitlements, to utilise the Project Site for the purposes of the Project, and to further undertake the development, construction and improvement therein or thereon, to manage the Project and the right to demand and collect User Charges from the Users of the Project / Project Site in accordance with the provisions of the Agreement. c. Subject to the terms of the Agreement and other relevant provisions under Applicable Laws, the Concessionaire shall have the right to enter into agreements with such Persons, as it may deem necessary and appropriate, for performing its obligations under the Agreement. d. The Concessionaire may create an Encumbrance, with respect to its rights, in favour of Senior Lenders, only during the Concession Period strictly as per the provisions of Article 9 and 11.1(c), in part or whole, in accordance with the terms of the Agreement. Provided that the Concessionaire shall provide written intimation to the Concessioning Authority alongwith relevant records of the encumbrance(s) created, which shall be in strict compliance with the provisions of Article 11.1 (c). e. During the Concession Period, the Concessionaire shall have exclusive authority to develop, implement, operate the Project and in accordance with the provisions of this the Agreement. f. Title over the land shall remain with Chhattisgarh Housing Board however Concessioning Authority shall provide the right to use of project land free of encumbrance to the Developer for developing the Project components. The land required for creating the Project Facilities would be given on Development and Management Rights to the Developer over the Concession Period in terms of the Concession Agreement supported by Development and Management Agreement (DMA) for the limited use as permitted under the concession agreement.

Grant of rights to Concessionaire. a. Subject to and in accordance with the terms and conditions set forth in the Agreement, the Applicable Laws and Applicable Permits, the Concessioning Authority hereby authorises the Concessionaire to invest, finance, design, engineer, construct, equip, commission, operate, market, maintain and manage the Project during the Term of the Agreement. b. For the purpose of implementing the Project, Concessioning Authority inter alia grants to the Concessionaire all the rights, powers, benefits, privileges, authorisations and entitlements, to utilise the Project Site for the purposes of the Project, and to further undertake the development, construction and improvement therein or thereon, to manage the Project and the right to demand and collect User Charges from the Users of the Project / Project Site in accordance with the provisions of the Agreement. c. Subject to the terms of the Agreement and other relevant provisions under Applicable Laws, the Concessionaire shall have the right to enter into agreements with such Persons, as it may deem necessary and appropriate, for performing its obligations under the Agreement. d. The Concessionaire may create an Encumbrance, with respect to its rights, in favour of Senior Lenders, only during the Concession Period strictly as per the provisions of Article 9 and 11.1(c), in part or whole, in accordance with the terms of the Agreement. Provided that the Concessionaire shall provide written intimation to the Concessioning Authority alongwith along with relevant records of the encumbrance(s) created, which shall be in strict compliance with the provisions of Article 11.1 (c). e. During the Concession Period, the Concessionaire shall have exclusive authority to develop, implement, operate both the Project and in accordance with the provisions of this the Agreement. f. Title over both the land shall remain with Chhattisgarh Housing Board however Concessioning Authority shall provide the right to use of project land free of encumbrance to the Developer for developing the Project components. The land required for creating the Project Facilities would be given on Development and Management Rights to the Developer over the Concession Period in terms of the Concession Agreement supported by Development and Management Agreement (DMA) for the limited use as permitted under the concession agreement.