Land Possession Sample Clauses

Land Possession. Within 30 (Thirty) days of registration of this agreement, the Authority shall provide for the purposes of Development of Sales Showroom, Service and Repair Centre for Two ▇▇▇▇▇▇▇ Automobile Industry, the possession of land on Lease Hold basis to the Lessee: 2.8.1 The Lessee shall have the right to use the Leased Land in accordance with the provisions of this Agreement and for this purpose the Lessee may regulate the entry and use of the Leased Land by the Third Parties without sub-letting the Leased Land in favour of any third parties save and except in the manner provided in this Agreement; 2.8.2 The Lessee shall not without the prior written approval of ANVP use the Leased Land for any purpose other than for the purpose of the Sales Showroom, Service and Repair Centre for Two ▇▇▇▇▇▇▇ Automobile Industry and purposes incidental or ancillary thereto; 2.8.3 The lessee, shall not sale, mortgage, gift or otherwise hand over or transfer the Leased Land or immovable property thereon to any other person, without obtaining prior permission of the Authority. Such permission will not be given until a sum equal to Ten percent of the prevailing premium of the land/Plot is deposited by lessee with the Authority. However, the above provision regarding the payment shall not be applicable if the property is mortgaged with the Central Government, State Government, Nationalized bank, Life Insurance Corporation, Chhattisgarh State Finance Corporation, Housing and Urban Development Corporation or other Financial Institution which are approved by the Authority from time to time however the permission for the mortgage shall be granted subject to the following conditions: i. The permission shall be granted (where the Leased Land is not cancelled or any show cause notice is not served) after registration of Lease Deed, in favour of Bank/Govt. organization/approved financial institution for on receipt of simple request from the Lessee. ii. The Agreement shall have been registered and the Lessee should not have committed a breach of its obligations hereunder which is subsisting. iii. On the date of filing of application, the Lessee shall have subsisting time period for construction of the Sales Showroom, Service and Repair Centre for Two ▇▇▇▇▇▇▇ Automobile Industry in accordance with this Agreement or shall have obtained valid extension for the same (if applicable). iv. No amount shall be outstanding on the date of the application against the Premium, Annual Lease Rent, taxes, ch...

Land Possession. Within 30 (Thirty) days of registration of this agreement, the Authority shall provide for the purposes of Development of said project, the possession of land on Lease Hold basis to the Lessee 2.7.1 The Lessee shall have the right to use the Leased Land in accordance with the provisions of this Agreement and for this purpose the Lessee may regulate the entry and use of the Leased Land by the Third Parties without sub-letting the Leased Land in favour of any third parties save and except in the manner provided in this Agreement; 2.7.2 The Lessee shall not without the prior written approval of NRDA use the Leased Land for any purpose other than for the purpose of the Development of 500 bed Hospital and Medical College as per the MCI guidelines and Other project facilities along with related infrastructure and purposes incidental or ancillary thereto;