Common use of Lease of Built-up Area/Space Clause in Contracts

Lease of Built-up Area/Space. on the Project Site For the purpose of exercising its rights pursuant to Article 2 of this Agreement, the Concessionaire shall, subject to the provisions hereof, however be allowed to lease any built- up area or space in the Project Site, and it shall have the right, subject to the provisions of this Agreement, to enter into Contractual Arrangements with third parties in relation to any part of the Built-up Area or Space in the Project Site provided the terms and conditions of such Contractual Arrangements shall not be inconsistent or contrary to the provisions of this Agreement and that such Contractual Arrangements shall be coterminous with the Project Site Lease Agreement and this Agreement, provided that notarised copies of all such contract agreements shall be furnished within 30 (thirty) days to the Authority under an acknowledgement.

Appears in 3 contracts

Samples: Draft Concession Agreement, adcl.in, adcl.in

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Lease of Built-up Area/Space. on the Project Site For the purpose of exercising its rights pursuant to Article 2 of this Agreement, the Concessionaire shall, subject to the provisions hereof, however be allowed to lease any built- built-up area or space in the Project Site, and it shall have the right, subject to the provisions of this Agreement, to enter into Contractual Arrangements with third parties in relation to any part of the Built-up Area or Space in the Project Site provided the terms and conditions of such Contractual Arrangements shall not be inconsistent or contrary to the provisions of this Agreement and that such Contractual Arrangements shall be coterminous with the Project Site Lease Agreement Deed and this Agreement, provided that notarised copies of all such contract agreements shall be furnished within 30 (thirty) days to the Authority under an acknowledgement.

Appears in 1 contract

Samples: Concession Agreement

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