Common use of Grant of Station Development and Facility Management Rights Clause in Contracts

Grant of Station Development and Facility Management Rights. 3.1.1 Subject to and in accordance with the provisions of the Agreement, the Station Facility Management Agreement, the Applicable Laws and the Applicable Permits, Authority hereby grants to the Developer (a) exclusive right, license and authority to design, finance and develop or redevelop, construct, modernize and equip the Station as set forth herein as Station Development Project (the “Station Development Rights”); and (b) the right to maintain and manage the Station Development Assets and Station Development Project Utilities so developed, and to collect and appropriate the Station Revenues (the “Station Facility Management Rights”) for the Term of SFMA, and the Developer hereby accepts the grant and undertakes to implement the Station Development Project subject to and in accordance with the terms and conditions set forth herein and the Station Facility Management Agreement.