Common use of Leasing of facilities Clause in Contracts

Leasing of facilities. 16.3.1 The "DEVELOPER" may lease or license, the use of the assets, constructed by it on the land, to third parties to be operated and / or used by such third parties / sub lessees. 16.3.2 The "DEVELOPER" shall be required to ensure that such third parties/ the sub lessees comply with applicable laws, regulatory directives and the terms of the Project Agreements. 16.3.3 All contracts and documents pertaining to leasing or licensing the use of any part of the assets constructed on the land shall be governed by the terms of the Project Agreements and the rights of any person there under shall not extend beyond the date of the termination of the Project Agreements.