Common use of Lessor's Covenants Clause in Contracts

Lessor's Covenants. The Lessor, with the intent that the obligations shall continue throughout the term of this Deed, hereby covenants with the Lessee as under: 10.1 To provide Lessee, its employees, workmen, agents, representatives etc. with uninterrupted and continuous access and peaceful use and enjoyment of the Demised Premises at all times during the Lease Period, without any interference, including from the Lessor or any person claiming under, through or in trust for the Lessor; 10.2 To the extent that any permission is required to be given, and can lawfully be given, permit the Lessee to cut the standing trees in the Demised Premises after obtaining prior permission from the concerned authorities; 10.3 The Lessor has agreed to mutate the revenue record for the correct extent available in T.S No: 2/1 in the Town Survey Land Register and shall indemnify the Lessee till such time from any third party claims with respect to the Demised Premises; 10.4 To render co-operation and assistance to the Lessee to obtain permissions/approvals/licenses and consents required from any statutory, local or public body or authority specifically in relation to conducting its educational institution from and over the Demised Premises and for constructing additional premises; 10.5 The Lessor shall not do or cause to be done or omit to be done anything which would affect the right of the Lessee to use and occupy the Demised Premises in accordance with the terms of this Deed for so long as Lessee does not breach the terms of the lease; 10.6 To bear and pay property/ municipal and other taxes, dues, etc. payable in respect of the Demised Premises, in a proper and timely manner; 10.7 To remain in compliance with all the applicable laws governing the Demised Premises and this Deed; 10.8 The Lessor shall not commit an act that prevents the Lessee from using the Demised Premises as agreed in this Deed, subject to the Lessee complying with all its statutory obligations in carrying out its educational institution activities from the Demised Premises and further that the Lessor shall not do any act, or suffer any omission to be done, which would in any way prevent/ obstruct the Lessee in using the Demised Premises as agreed in this Deed. 10.9 To permit the Lessee to display the Lessee’s name at places of its choice, in the 10.10 To refund the Security Deposit to the Lessee in the manner specified in this Deed; 10.11 During the term of the Lease and any Renewed Term, in the event that the Lessor wishes to sell/ mortgage/ charge/ encumber the Demised Premises, the Lessor shall ensure the following before consummating or concluding any such sale, mortgage, charge, encumbrance, or creation of other third party interest: - 10.11.1 The Lessor shall have obtained a written confirmation and undertaking from the potential purchaser/ mortgagee/ transferee that it shall be bound by, adhere to and observe all the rights, obligations and liabilities of the Lessor hereunder and any right, title and/or interest of such purchaser/ mortgagee/ transferee shall be subject to the leasehold rights of the Lessee under this Deed. 10.11.2 The Lessor shall inform such purchaser / mortgagee / transferee of the Demised Premises, about the leasehold rights of the Lessee, including the factum of Security Deposit, and shall obtain in writing from such purchaser / mortgagee / transferee a confirmation that they have the capacity to, and are able to refund the Security Deposit, as set out herein, and also that they are agreeable to permit the Lessee to attorn the tenancy in their favour. . 10.12 Lessor agrees that Lessee shall have the first right of refusal to take on lease any other immoveable property of Lessor in Adyar, Chennai for the purpose of opening an educational institution.

Lessor's Covenants. The Lessor, with the intent that the obligations shall continue throughout the term of this Deed, hereby Lessor covenants and agrees with the Lessee as under:follows:- 10.1 To provide Lessee, its employees, workmen, agents, representatives etc. with uninterrupted 7.1 that if the Lessee shall pay the Rent hereby reserved and continuous access observe and peaceful use perform the stipulations on their part herein contained they shall peaceably hold and enjoyment of enjoy the Demised Premises at all times Land during the Lease Period, Contractual Term without any interference, including from interruption by the Lessor or any person rightly claiming under, through under or in trust for the Lessorit; 10.2 To 7.2 to grant the extent that any permission is required Option to be given, and can lawfully be given, permit Renew the Lessee to cut the standing trees Lease as stated in the Demised Premises after obtaining prior permission from the concerned authoritiesClause 9; 10.3 The Lessor has agreed 7.3 to mutate the revenue record for the correct extent available in T.S No: 2/1 in the Town Survey Land Register procure MEC to pay all existing and shall indemnify the Lessee till such time from any third party claims with respect to the Demised Premises; 10.4 To render co-operation future quit rents and assistance to the Lessee to obtain permissions/approvals/licenses rates (assessment) and consents required from any statutory, local or public body or authority specifically in relation to conducting its educational institution from and over the Demised Premises and for constructing additional premises; 10.5 The Lessor shall not do or cause to be done or omit to be done anything which would affect the right of the Lessee to use and occupy the Demised Premises in accordance with the terms of this Deed for so long as Lessee does not breach the terms of the lease; 10.6 To bear and pay property/ municipal and other taxes, dues, etc. outgoings payable by law in respect of the Demised Premises, Land which payments shall be deducted from the Rent as provided for in a proper and timely mannerClause 9.1(e) hereof; 10.7 To remain in compliance with all the applicable laws governing the Demised Premises and this Deed; 10.8 The Lessor shall not commit an act that prevents the Lessee from using the Demised Premises as agreed in this Deed, subject 7.4 to the Lessee complying with all its statutory obligations in carrying out its educational institution activities from the Demised Premises and further that the Lessor shall not do any act, or suffer any omission to be done, which would in any way prevent/ obstruct the Lessee in using the Demised Premises as agreed in this Deed. 10.9 To permit the Lessee to display commence to fit out and renovate the Lessee’s name Factory for its manufacturing and business activities forthwith upon execution of this Lease; 7.5 to permit the Lessee to repair and make good and any existing defects and damage to Factory at places the cost and expense of the Lessor provided always that the costs of such repairs shall be evidenced by the appropriate receipts shall not exceed the sum of Ringgit Malaysia One Hundred and Six Thousand (RM106,000.00) and provided further that the Lessee shall advance for the costs of such repair and deduct such advances from the Rent payable under this Agreement; 7.6 to procure MEC to keep the roof, main structures, external walls, main drains and pipes of the Factory in good tenantable repair and condition including if required by the relevant authorities, to repaint and redecorate the external walls of the Factory; 7.7 to permit (but it shall not be obligatory upon) the Lessee to execute such repairs or works as verified by the Valuer or make such payments or perform such obligations of the Lessor and/or MEC herein including in particular MEC's covenants in Clauses 7.1(g) and 7.2 at the cost and expenses of MEC upon the failure or refusal of the Lessor and/or MEC to forthwith execute the same and any costs and expenses incurred shall be deducted or set off against the Rent payable herein subject to a maximum non-cumulative deduction equivalent to one (1) month's Rent per annum; 7.8 to procure MEC to indemnify and keep the Lessee fully indemnified against all breaches by the Lessor of its choice, in thestatutory duties or obligations including environmental damage due to or arising from anything done or carried out by the Lessor or its authorised servants agents workmen on the Demised Land; 10.10 To refund 7.9 to permit the Security Deposit Lessee to sublet any part of the Demised Land to the Sub-Tenant on such terms and conditions as the Lessee may deems fit; and 7.10 to insure and keep the Factory fully insured for the full cost of rebuilding and reinstating the same with a reputable insurance office in the manner specified in this Deed; 10.11 During the term joint names of the Lease Lessor and the Lessee against destruction or damage by fire, lightning, explosion, aircraft (including articles dropped from aircraft), riot, civil commotion, malicious persons, earthquake, storm, tempest, xxxxx, xxxxxxng and overflowing of water pipes, tanks and other apparatus and impact by road vehicles and in case of any Renewed Termsuch damage or destruction as aforesaid happening to the Factory or any part thereof to apply any money received by it in respect thereof under any insurance in reinstating and restoring the parts thereof so damaged or destroyed. Subject to and without prejudice to this Clause, if the Factory or any part thereof shall be rendered unfit for use by reason of the damage or destruction as aforesaid, the Rent or a fair proportion of the Rent according to the nature and extent of the damage or destruction sustained shall ceased to be payable until the Factory or the affected part shall have been rebuilt or reinstated so that the Factory or the affected part are made fit for occupation or use save and except that in the event that the Lessor wishes Factory cannot be rebuilt and reinstated or if the Tenant is unable to sell/ mortgage/ charge/ encumber await the Demised Premisesrebuilding and reinstatement of the Factory, the Lessor Lease shall ensure the following before consummating or concluding any such sale, mortgage, charge, encumbrance, or creation of other third party interest: - 10.11.1 The Lessor shall have obtained a written confirmation and undertaking from the potential purchaser/ mortgagee/ transferee that it shall be bound by, adhere to and observe all the rights, obligations and liabilities of the Lessor hereunder and any right, title and/or interest of such purchaser/ mortgagee/ transferee shall be subject to the leasehold rights of the Lessee under this Deedabsolutely determine. 10.11.2 The Lessor shall inform such purchaser / mortgagee / transferee of the Demised Premises, about the leasehold rights of the Lessee, including the factum of Security Deposit, and shall obtain in writing from such purchaser / mortgagee / transferee a confirmation that they have the capacity to, and are able to refund the Security Deposit, as set out herein, and also that they are agreeable to permit the Lessee to attorn the tenancy in their favour. . 10.12 Lessor agrees that Lessee shall have the first right of refusal to take on lease any other immoveable property of Lessor in Adyar, Chennai for the purpose of opening an educational institution.

Lessor's Covenants. 10.1 The Lessor, with the intent that the obligations shall continue throughout the term of this Deed, hereby covenants Lessor covenant and agree with the Lessee as under:follows:- 10.1 To provide Lessee, its employees, workmen, agents, representatives etc. with uninterrupted 10.1:1 that if the Lessee shall pay the rent hereby reserved and continuous access observe and peaceful use perform the stipulations on their part herein contained they shall peaceably hold and enjoyment of enjoy the Demised Premises at all times during the Lease Period, Contractual Term without any interference, including from interruption by the Lessor or any person rightly claiming under, through under or in trust for the Lessorit; 10.2 To 10.1:2 to grant the extent that any permission is required Option to be given, and can lawfully be given, Renew the Lease as stated in Clause 11; 10.1:3 to permit the Lessee to cut commence to fit out and renovate the standing trees Demised Premises for its business activities upon the Demised Premises being handed over to the Lessee on 15th February 2003. 10.1:4 to insure and keep the building in which the Demised Premises is situated and the Demised Premises fully insured for the full cost of rebuilding and reinstating the same against damage and destruction by all insurable risks 4(r)-11 provided that the Lessee shall be responsible for its own insurance in respect of the Lessee's contents in the Demised Premises after obtaining prior permission from the concerned authorities; 10.3 The Lessor has agreed to mutate the revenue record for the correct extent available and in T.S No: 2/1 in the Town Survey Land Register and shall indemnify the Lessee till case of any such time from any third party claims with respect damage or destruction as aforesaid happening to the Demised Premises; 10.4 To render co-operation Premises or any part thereof to apply any money received by it in respect thereof under any insurance in reinstating and assistance restoring the parts thereof so damaged or destroyed. Subject to the Lessee and without prejudice to obtain permissions/approvals/licenses and consents required from any statutorythis Clause, local or public body or authority specifically in relation to conducting its educational institution from and over if the Demised Premises or any part thereof shall be rendered unfit for use by reason of the damaged or destruction as aforesaid, the Rent or a fair proportion of the Rent according to the nature and for constructing additional premises; 10.5 The Lessor extent of the damage or destruction sustained shall not do or cause ceased to be done or omit to be done anything which would affect the right of the Lessee to use and occupy payable until the Demised Premises or the affected part shall have been rebuilt or reinstated so that the Demised Premises or the affected part are made fit for occupation or use save and except that in accordance with the terms of this Deed for so long as event that the Demised Premises cannot be rebuilt and reinstated or if the Lessee does not breach is unable to await the terms rebuilding and reinstatement of the leaseDemised Premises, the Lease shall absolutely determine; 10.6 To bear 10.1:5 to pay all existing and pay property/ municipal future quit rents and other taxes, dues, etc. rates (assessment) and outgoings payable by law in respect of the Demised Premises, in a proper and timely manner; 10.7 To remain in compliance with all 10.1:6 to keep the applicable laws governing roof, main structures, external walls, main drains and pipes of the Demised Premises in good tenantable repair and this Deedcondition at all time during the Contractual Term; 10.8 The Lessor shall not commit an act that prevents the Lessee from using the Demised Premises as agreed in this Deed, subject to the Lessee complying with all its statutory obligations in carrying out its educational institution activities from the Demised Premises and further that the Lessor shall not do any act, or suffer any omission to be done, which would in any way prevent/ obstruct the Lessee in using the Demised Premises as agreed in this Deed. 10.9 To permit the Lessee to display the Lessee’s name at places of its choice, in the 10.10 To refund the Security Deposit to the Lessee in the manner specified in this Deed; 10.11 During the term of the Lease and any Renewed Term, in the event that the Lessor wishes to sell/ mortgage/ charge/ encumber the Demised Premises, the Lessor shall ensure the following before consummating or concluding any such sale, mortgage, charge, encumbrance, or creation of other third party interest: - 10.11.1 The Lessor shall have obtained a written confirmation and undertaking from the potential purchaser/ mortgagee/ transferee that it shall be bound by, adhere to and observe all the rights, obligations and liabilities of the Lessor hereunder and any right, title and/or interest of such purchaser/ mortgagee/ transferee shall be subject to the leasehold rights of the Lessee under this Deed. 10.11.2 The Lessor shall inform such purchaser / mortgagee / transferee of the Demised Premises, about the leasehold rights of the Lessee, including the factum of Security Deposit, and shall obtain in writing from such purchaser / mortgagee / transferee a confirmation that they have the capacity to, and are able to refund the Security Deposit, as set out herein, and also that they are agreeable to permit the Lessee to attorn the tenancy in their favour. . 10.12 Lessor agrees that Lessee shall have the first right of refusal to take on lease any other immoveable property of Lessor in Adyar, Chennai for the purpose of opening an educational institution.

Lessor's Covenants. The Lessor, with the intent that the obligations shall continue throughout the term of this Deed, hereby Lessor covenants and agrees with the Lessee as under:follows:- 10.1 To provide Lessee, its employees, workmen, agents, representatives etc. with uninterrupted 6.1 that if the Lessee shall pay the Rent hereby reserved and continuous access observe and peaceful use perform the stipulations on their part herein contained they shall peaceably hold and enjoyment enjoy the Demised Premises during the Contractual Term without any interruption by the Lessor or any person rightly claiming under or in trust for it; 6.2 to grant the Option to Renew the Lease as stated in Clause 7; 6.3 to pay all existing and future quit rents and rates (assessment) and outgoings payable by law in respect of the Demised Premises hereof; 6.4 to permit the Lessee to commence to fit out and renovate the Demised Premises for its manufacturing and business activities forthwith upon execution of this Lease; . 6.5 to keep the roof, main structures, external walls, main drains and pipes of the Demised Premises in good tenatable repair and condition at all times during the Lease Period, without any interference, including from contractual period; 6.6 to insure and keep the Lessor or any person claiming under, through or building in trust which the Demised Premises is situated and the Demised Premises fully insured for the Lessor; 10.2 To full cost of rebuilding and reinstating the extent same against damage and destruction by all insurable risks provided that any permission is required to be given, and can lawfully be given, permit the Lessee to cut shall be responsible for its own insurance in respect of the standing trees Lessee's contents in the Demised Premises after obtaining prior permission from the concerned authorities; 10.3 The Lessor has agreed to mutate the revenue record for the correct extent available and in T.S No: 2/1 in the Town Survey Land Register and shall indemnify the Lessee till case of any such time from any third party claims with respect damage or destruction as aforesaid happening to the Demised Premises; 10.4 To render co-operation Premise or any part thereof to apply any money received by it in respect thereof under any insurance in reinstating and assistance restoring the parts thereof so damaged or destroyed. Subject to the Lessee and without prejudice to obtain permissions/approvals/licenses and consents required from any statutorythis Clause, local or public body or authority specifically in relation to conducting its educational institution from and over if the Demised Premises or any part thereof shall be rendered unfit for use by reason of the damage or destruction as aforesaid, the Rent or a fair proportion of the Rent according to the nature and for constructing additional premises; 10.5 The Lessor extent of the damage or destruction sustained shall not do or cause ceased to be done or omit to be done anything which would affect the right of the Lessee to use and occupy payable 4(r)-27 until the Demised Premises or the affected part shall have been rebuilt or reinstated so that the Demised Premises or the affected part are made fit for occupation or use save and except that in accordance with the terms of this Deed for so long as event that the Demised Premises cannot be rebuilt and reinstated or if the Lessee does not breach is unable to await the terms of the lease; 10.6 To bear rebuilding and pay property/ municipal and other taxes, dues, etc. payable in respect reinstatement of the Demised Premises, in a proper and timely mannerthe Lease shall absolutely determine; 10.7 To remain in compliance with all the applicable laws governing the Demised Premises and this Deed; 10.8 The Lessor shall not commit an act that prevents 6.7 to grant the Lessee from using the Demised Premises as agreed in this Deed, subject to the Lessee complying with all its statutory obligations in carrying out its educational institution activities from the Demised Premises and further that the Lessor shall not do any act, first option or suffer any omission to be done, which would in any way prevent/ obstruct the Lessee in using the Demised Premises as agreed in this Deed. 10.9 To permit the Lessee to display the Lessee’s name at places of its choice, in the 10.10 To refund the Security Deposit to the Lessee in the manner specified in this Deed; 10.11 During the term of the Lease and any Renewed Term, in the event that the Lessor wishes to sell/ mortgage/ charge/ encumber the Demised Premises, the Lessor shall ensure the following before consummating or concluding any such sale, mortgage, charge, encumbrance, or creation of other third party interest: - 10.11.1 The Lessor shall have obtained a written confirmation and undertaking from the potential purchaser/ mortgagee/ transferee that it shall be bound by, adhere to and observe all the rights, obligations and liabilities of the Lessor hereunder and any right, title and/or interest of such purchaser/ mortgagee/ transferee shall be subject to the leasehold rights of the Lessee under this Deed. 10.11.2 The Lessor shall inform such purchaser / mortgagee / transferee of the Demised Premises, about the leasehold rights of the Lessee, including the factum of Security Deposit, and shall obtain in writing from such purchaser / mortgagee / transferee a confirmation that they have the capacity to, and are able to refund the Security Deposit, as set out herein, and also that they are agreeable to permit the Lessee to attorn the tenancy in their favour. . 10.12 Lessor agrees that Lessee shall have the first right of refusal to take on lease purchase the Land together with the building erected thereon at the same price offered to any other immoveable property of purchaser or if there is no other purchaser at the fair market value agreed between the Lessor in Adyar, Chennai for and the purpose of opening an educational institutionLessee.

Lessor's Covenants. The Lessor, with the intent that the obligations shall continue throughout the term of this Deed, Lessor hereby covenants with the Lessee as underfollows: 10.1 To provide Lessee, its employees, workmen, agents, representatives etc. with uninterrupted (a) That the Lessee paying the Rent and continuous access performing the covenants and peaceful use and enjoyment agreements on the part of the Demised Premises at all times Lessee may quietly possess and enjoy the Property during the Lease Period, Term without any interference, including lawful interruption from the Lessor or any person claiming under, through claimed under or in trust for the Lessor;. 10.2 (b) To return to the extent that Lessee any permission Rent payable and in fact paid in advance for any period while the Property is required rendered uninhabitable or inaccessible by reason of fire or such other risk (unless the result of the act or default of the Lessee) the amount in case of dispute to be givensettled by Arbitration. (c) To use reasonable endeavours (at the sole cost and expense of the Lessee) to ensure that the Superior Lessor complies with its obligations under the Superior Lease to insure the Property and the furniture fixtures and effects and Inventory. (d) To use its reasonable efforts (at the sole cost and expense of the Lessee) to cause the Superior Lessor to keep in repair and proper working order the installations contained in the Property for the supply of water and electricity and all mechanical and electrical items, excluding the appliances installed in the completion of the Works (including all kitchen appliances, air conditioning, hot tub, and can lawfully other mechanical or electrical appliances) but including all washing machines and other similar mechanical or electrical appliances save and except for any radio or television sets as are included in the furniture equipment and effects but not further or otherwise PROVIDED that this agreement shall not be given, permit construed as requiring the Lessor to carry out any works for which the Lessee is liable by virtue of his duty to cut use the standing trees Property and the furniture equipment and effects in a tenant-like manner and PROVIDED FURTHER that the Demised Premises after obtaining prior permission from the concerned authorities; 10.3 The Lessor has agreed to mutate the revenue record for the correct extent available in T.S No: 2/1 in the Town Survey Land Register and Lessee shall indemnify the Lessee till such time from any third party claims with respect to the Demised Premises; 10.4 To render co-operation and assistance to the Lessee to obtain permissions/approvals/licenses and consents required from any statutory, local or public body or authority specifically in relation to conducting its educational institution from and over the Demised Premises and for constructing additional premises; 10.5 The Lessor shall not do or cause to be done or omit to be done anything which would affect the right of the Lessee to use and occupy the Demised Premises in accordance with the terms of this Deed for so long as Lessee does not breach the terms of the lease; 10.6 To bear and pay property/ municipal and other taxes, dues, etc. payable in respect of the Demised Premises, in a proper and timely manner; 10.7 To remain in compliance with all the applicable laws governing the Demised Premises and this Deed; 10.8 The Lessor shall not commit an act that prevents the Lessee cost of repairs to such installations or items resulting from using the Demised Premises as agreed in this Deed, subject to the Lessee complying with all its statutory obligations in carrying out its educational institution activities from the Demised Premises and further that the Lessor shall not do any act, or suffer any omission to be done, which would in any way prevent/ obstruct the Lessee in using the Demised Premises as agreed in this Deed. 10.9 To permit the Lessee to display the Lessee’s name at places of its choice, in the 10.10 To refund the Security Deposit to the Lessee in the manner specified in this Deed; 10.11 During the term misuse of the Lease same howsoever and any Renewed Term, in by whomsoever caused (e) To use its reasonable efforts (at the event that the Lessor wishes to sell/ mortgage/ charge/ encumber the Demised Premises, the Lessor shall ensure the following before consummating or concluding any such sale, mortgage, charge, encumbrance, or creation of other third party interest: - 10.11.1 The Lessor shall have obtained a written confirmation sole cost and undertaking from the potential purchaser/ mortgagee/ transferee that it shall be bound by, adhere to and observe all the rights, obligations and liabilities of the Lessor hereunder and any right, title and/or interest of such purchaser/ mortgagee/ transferee shall be subject to the leasehold rights of the Lessee under this Deed. 10.11.2 The Lessor shall inform such purchaser / mortgagee / transferee of the Demised Premises, about the leasehold rights expense of the Lessee, including ) to cause the factum Superior Lessor to keep in good repair and condition the structure and exterior of Security Deposit, the Property and shall obtain to paint the roof and the external walls as and when necessary or required but not less than once in writing from such purchaser / mortgagee / transferee a confirmation that they have the capacity to, and are able to refund the Security Deposit, as set out herein, and also that they are agreeable to permit the Lessee to attorn the tenancy in their favour. . 10.12 Lessor agrees that Lessee shall have the first right of refusal to take on lease any other immoveable property of Lessor in Adyar, Chennai every three years for the purpose of opening an educational institutionroof and once in every five years for the external walls.

Lessor's Covenants. The lessor hereby covenants and agrees with the Lessee as follows : [a] To insure and keep insured the demised premises to its full insurable value under a reputable Brokers insurance Policy [including the Lessor’s appliances and furniture and fittings but excluding the Lessee’s effects and also excluding all effects owned by the occupants and the invitee’s of the Lessee with respect of the demised premises] and in the case of damage or destruction of the demised premises [unless the insurance moneys shall be found to be irrecoverable through the act or default of the Lessee] to rebuild and reinstate the demised premises. [b] To carry out all structural repairs or alterations to the demised premises which maybe necessary to comply with all by-laws, with regulations or requirements of the local council, or other Government and local Authority or as required to keep in force any insurance policy referred to in paragraph 3[a] hereof and shall promptly attend to these repairs and maintenance of the demised premises necessitated by fair wear and tear, damage by fire, earthquake, storm, or hurricane or other inevitable accident and shall maintain the exterior structure of the demised premises including walls, doors, windows, floors, ceilings, and roof in a good and tenantable condition. [c] To pay the local council or other local Authority rates assessed on the demised premises. [d] That the Lessee paying the rent hereby reserved and performing the lessee’s covenants hereinbefore contained shall and may peaceably hold and enjoy the demised premises during the term hereby granted without any interruption or disturbance from or by the lessor or any person or persons lawfully claiming through under or in trust for it. [e] To keep in good and tenantable repair and condition all the demised premises so that the Lessee shall have the full and free use and benefit of the same and without limiting the generality of the foregoing the Lessor will at all times maintain in good condition and proper working order the water, electricity, sewerage, and drainage installations in or serving the demised premises except in the case of defects occasioned by the Lessee’s negligence or default. [f] During the currency of the Agreement should the demised premises be sold at anytime during the currency of this Lease the Lessor will ensure that the sale is made expressly and unequivocally subject to this Agreement to the intent that the obligations shall purchaser of the demised premises must undertake to continue throughout the term of this Deed, hereby covenants with the Lessee as under: 10.1 To provide Lessee, its employees, workmen, agents, representatives etc. with uninterrupted and continuous access and peaceful use and enjoyment of the Demised Premises at all times during the Lease Period, without any interference, including from the Lessor or any person claiming under, through or in trust for the Lessor; 10.2 To the extent that any permission is required to be given’s obligations contained herein, and can lawfully be given, permit the Lessee must further undertake not to cut the standing trees in the Demised Premises after obtaining prior permission from the concerned authorities; 10.3 The Lessor has agreed to mutate the revenue record for the correct extent available in T.S No: 2/1 in the Town Survey Land Register and shall indemnify the Lessee till such time from any third party claims with respect to the Demised Premises; 10.4 To render co-operation and assistance to the Lessee to obtain permissions/approvals/licenses and consents required from any statutory, local or public body or authority specifically in relation to conducting its educational institution from and over the Demised Premises and for constructing additional premises; 10.5 The Lessor shall not do or cause to be done or omit to be done anything which would affect the right of the Lessee to use and occupy the Demised Premises in accordance with the terms of this Deed for so long as Lessee does not breach the terms of the lease; 10.6 To bear and pay property/ municipal and other taxes, dues, etc. payable in respect of the Demised Premises, in a proper and timely manner; 10.7 To remain in compliance with all the applicable laws governing the Demised Premises and this Deed; 10.8 The Lessor shall not commit an act that prevents the Lessee from using the Demised Premises as agreed in this Deed, subject to the Lessee complying with all its statutory obligations in carrying out its educational institution activities from the Demised Premises and further that the Lessor shall not do any act, or suffer any omission to be done, which would in any way prevent/ obstruct the Lessee in using the Demised Premises as agreed in this Deed. 10.9 To permit the Lessee to display prejudice the Lessee’s name at places of its choice, in the 10.10 To refund the Security Deposit to the Lessee in the manner specified in this Deed; 10.11 During the term of the Lease and any Renewed Term, in the event that the Lessor wishes to sell/ mortgage/ charge/ encumber the Demised Premises, the Lessor shall ensure the following before consummating or concluding any such sale, mortgage, charge, encumbrance, or creation of other third party interest: - 10.11.1 The Lessor shall have obtained a written confirmation and undertaking from the potential purchaser/ mortgagee/ transferee that it shall be bound by, adhere to and observe all the rights, obligations and liabilities of the Lessor hereunder and any right, title and/or interest of such purchaser/ mortgagee/ transferee shall be subject to the leasehold rights of the Lessee under this Deedinterests herein. 10.11.2 The Lessor shall inform such purchaser / mortgagee / transferee of the Demised Premises, about the leasehold rights of the Lessee, including the factum of Security Deposit, and shall obtain in writing from such purchaser / mortgagee / transferee a confirmation that they have the capacity to, and are able to refund the Security Deposit, as set out herein, and also that they are agreeable to permit the Lessee to attorn the tenancy in their favour. . 10.12 Lessor agrees that Lessee shall have the first right of refusal to take on lease any other immoveable property of Lessor in Adyar, Chennai for the purpose of opening an educational institution.

Lessor's Covenants. The lessor hereby covenants and agrees with the Lessee as follows: [a] To insure and keep insured the demised premises to its full insurable value under a reputable Brokers insurance Policy [including the Lessor’s appliances and furniture and fittings but excluding the Lessee’s effects and also excluding all effects owned by the occupants and the invitee’s of the Lessee with respect of the demised premises] and in the case of damage or destruction of the demised premises [unless the insurance moneys shall be found to be irrecoverable through the act or default of the Lessee] to rebuild and reinstate the demised premises. [b] To carry out all structural repairs or alterations to the demised premises which maybe necessary to comply with all by-laws, with regulations or requirements of the local council, or other Government and local Authority or as required to keep in force any insurance policy referred to in paragraph 3[a] hereof and shall promptly attend to these repairs and maintenance of the demised premises necessitated by fair wear and tear, damage by fire, earthquake, storm, or hurricane or other inevitable accident and shall maintain the exterior structure of the demised premises including walls, doors, windows, floors, ceilings, and roof in a good and tenantable condition. [c] To pay the local council or other local Authority rates assessed on the demised premises. [d] That the Lessee paying the rent hereby reserved and performing the lessee’s covenants hereinbefore contained shall and may peaceably hold and enjoy the demised premises during the term hereby granted without any interruption or disturbance from or by the lessor or any person or persons lawfully claiming through under or in trust for it. [e] To keep in good and tenantable repair and condition all the demised premises so that the Lessee shall have the full and free use and benefit of the same and without limiting the generality of the foregoing the Lessor will at all times maintain in good condition and proper working order the water, electricity, sewerage, and drainage installations in or serving the demised premises except in the case of defects occasioned by the Lessee’s negligence or default. [f] During the currency of the Agreement should the demised premises be sold at anytime during the currency of this Lease the Lessor will ensure that the sale is made expressly and unequivocally subject to this Agreement to the intent that the obligations shall purchaser of the demised premises must undertake to continue throughout the term of this Deed, hereby covenants with the Lessee as under: 10.1 To provide Lessee, its employees, workmen, agents, representatives etc. with uninterrupted and continuous access and peaceful use and enjoyment of the Demised Premises at all times during the Lease Period, without any interference, including from the Lessor or any person claiming under, through or in trust for the Lessor; 10.2 To the extent that any permission is required to be given’s obligations contained herein, and can lawfully be given, permit the Lessee must further undertake not to cut the standing trees in the Demised Premises after obtaining prior permission from the concerned authorities; 10.3 The Lessor has agreed to mutate the revenue record for the correct extent available in T.S No: 2/1 in the Town Survey Land Register and shall indemnify the Lessee till such time from any third party claims with respect to the Demised Premises; 10.4 To render co-operation and assistance to the Lessee to obtain permissions/approvals/licenses and consents required from any statutory, local or public body or authority specifically in relation to conducting its educational institution from and over the Demised Premises and for constructing additional premises; 10.5 The Lessor shall not do or cause to be done or omit to be done anything which would affect the right of the Lessee to use and occupy the Demised Premises in accordance with the terms of this Deed for so long as Lessee does not breach the terms of the lease; 10.6 To bear and pay property/ municipal and other taxes, dues, etc. payable in respect of the Demised Premises, in a proper and timely manner; 10.7 To remain in compliance with all the applicable laws governing the Demised Premises and this Deed; 10.8 The Lessor shall not commit an act that prevents the Lessee from using the Demised Premises as agreed in this Deed, subject to the Lessee complying with all its statutory obligations in carrying out its educational institution activities from the Demised Premises and further that the Lessor shall not do any act, or suffer any omission to be done, which would in any way prevent/ obstruct the Lessee in using the Demised Premises as agreed in this Deed. 10.9 To permit the Lessee to display prejudice the Lessee’s name at places of its choice, in the 10.10 To refund the Security Deposit to the Lessee in the manner specified in this Deed; 10.11 During the term of the Lease and any Renewed Term, in the event that the Lessor wishes to sell/ mortgage/ charge/ encumber the Demised Premises, the Lessor shall ensure the following before consummating or concluding any such sale, mortgage, charge, encumbrance, or creation of other third party interest: - 10.11.1 The Lessor shall have obtained a written confirmation and undertaking from the potential purchaser/ mortgagee/ transferee that it shall be bound by, adhere to and observe all the rights, obligations and liabilities of the Lessor hereunder and any right, title and/or interest of such purchaser/ mortgagee/ transferee shall be subject to the leasehold rights of the Lessee under this Deedinterests herein. 10.11.2 The Lessor shall inform such purchaser / mortgagee / transferee of the Demised Premises, about the leasehold rights of the Lessee, including the factum of Security Deposit, and shall obtain in writing from such purchaser / mortgagee / transferee a confirmation that they have the capacity to, and are able to refund the Security Deposit, as set out herein, and also that they are agreeable to permit the Lessee to attorn the tenancy in their favour. . 10.12 Lessor agrees that Lessee shall have the first right of refusal to take on lease any other immoveable property of Lessor in Adyar, Chennai for the purpose of opening an educational institution.

Lessor's Covenants. The Lessor, with the intent that the obligations shall continue throughout the term of this Deed, Lessor hereby covenants with Lessee that (a) Lessor has good title and is the Lessee as under: 10.1 To provide Lessee, its employees, workmen, agents, representatives etc. with uninterrupted and continuous access and peaceful use and enjoyment absolute owner of the Demised Premises at all times during and it has the Lease Periodfull right, without any interference, including from the Lessor or any person claiming under, through or in trust for the Lessor; 10.2 To the extent that any permission is required absolute power and authority to be given, and can lawfully be given, permit the Lessee to cut the standing trees in the Demised Premises after obtaining prior permission from the concerned authorities; 10.3 The Lessor has agreed to mutate the revenue record for the correct extent available in T.S No: 2/1 in the Town Survey Land Register and shall indemnify the Lessee till such time from any third party claims deal with respect to the Demised Premises; 10.4 To render co-operation and assistance to the Lessee to obtain permissions/approvals/licenses and consents required from any statutory, local or public body or authority specifically in relation to conducting its educational institution from and over the Demised Premises and for constructing additional premises; 10.5 The Lessor shall not do or cause to be done or omit to be done anything which would affect the right of the Lessee to use and occupy the Demised Premises in accordance with the terms of this Deed for so long as Lessee does not breach the terms of the lease; 10.6 To bear and pay property/ municipal and other taxes, dues, etc. payable grant a lease in respect of the Demised Premises upon such terms as it deems fit, free from all claims and encumbrances. In the event there being any defect or deficiency or inadequacy in Lessor’s right to execute this Lease, Lessor undertakes to indemnify Lessee against all consequences arising there from including damages, losses, costs or any other claims/actions, or proceedings by others in respect of quiet and peaceful use, occupation and possession of the Demised Premises. (b) The Demised Premises can be used for general office purposes as a bonded area for an export only unit. (c) The Demised Premises is free from all encumbrances, charges and liens whatsoever and Lessor has not entered into any similar agreement or arrangement with any person/persons for providing use and occupation of the Demised Premises to which Lessee is entitled to under this Lease. (d) Lessor has obtained all requisite statutory and other approvals from governmental/local authorities, if any, to let out the Demised Premises for the purposes of Lessee and that the Demised Premises is fit for use of Lessee for its business, and Lessor has obtained all necessary governmental approvals and permits for the use of the Demised Premises by Lessee. (e) Lessor has paid and shall pay and discharge all existing and future taxes, rates, cesses, duties, charges, levies, fines, penalties, and other outgoings that may be levied, imposed or charged in a proper and timely manner; 10.7 To remain in compliance with all the applicable laws governing respect of the Demised Premises and this Deed;existing and future surcharges, and the Municipal Corporation tax. If there is any default in payment of taxes etc. Lessee is entitled to make the payments and recover the same from Lessor. Any such amount to be paid by Lessee will be adjusted against the Maintenance Charges Lessee has to pay to Lessor as mentioned in Section 4(e). 10.8 The (f) Lessor shall not commit an act that prevents the Lessee from using maintain the Demised Premises as agreed in this Deed, subject good Lesseeable condition and execute at its expense all structural repairs to the Lessee complying with all its statutory obligations in carrying out its educational institution activities from the Demised Premises and further maintain the Demised Premises in habitable condition for the use and enjoyment of Lessee. (g) In case of any legal problem pertaining to the Demised Premises or for using or occupying of same for office by the Lessee, the total liability will be that of Lessor. If due to any such problem the Demised Premises or any part thereof cannot be used by Lessee, then Lessee will not be liable to make any payment for the period the Demised Premises remained unused. However, such legal problem should not arise out of any act or omission on part of Lessee. In that case Lessor shall not do have any act, liability whatsoever towards Lessee. (h) Lessor is free to dispose of or suffer any omission to be done, which would encumber its interest in any way prevent/ obstruct the Lessee in using the Demised Premises whether by way of sale, transfer, charge, mortgage, or otherwise, with prior intimation to Lessee. In the event Lessor disposes of or encumbers its interest in the Demised Premises in any manner whatsoever, Lessor covenants to obtain an unconditional written acknowledgement from the transferee/mortgagee/charge, as agreed the case may be, to be bound by the terms and conditions of this Lease Deed. In the event of a transfer of the rights of Lessor, Lessor shall in this Deedaddition obtain a written confirmation that the transferee shall fully assume the obligations and covenants herein on the part of Lessor to be performed. 10.9 To permit (i) Lessor shall maintain insurance for the Lessee to display Property, the LesseeDemised Premises and the fittings, interior and fixtures within the Demised Premises insuring the Lessor’s name at places of its choice, interest in the 10.10 To refund the Security Deposit to the Lessee in the manner specified in this Deed; 10.11 During the term of the Lease and any Renewed Term, such property in the event that the Lessor wishes to sell/ mortgage/ charge/ encumber the Demised Premisesof fire, the Lessor shall ensure the following before consummating casualty or concluding any such sale, mortgage, charge, encumbrance, or creation of other third party interest: - 10.11.1 The Lessor shall have obtained a written confirmation loss and undertaking from the potential purchaser/ mortgagee/ transferee that it shall be bound by, adhere to and observe all the rights, obligations and liabilities of the Lessor hereunder and any right, title and/or interest of such purchaser/ mortgagee/ transferee shall be subject to the leasehold rights of the Lessee under this Deeddamage. 10.11.2 The Lessor shall inform such purchaser / mortgagee / transferee of the Demised Premises, about the leasehold rights of the Lessee, including the factum of Security Deposit, and shall obtain in writing from such purchaser / mortgagee / transferee a confirmation that they have the capacity to, and are able to refund the Security Deposit, as set out herein, and also that they are agreeable to permit the Lessee to attorn the tenancy in their favour. . 10.12 Lessor agrees that Lessee shall have the first right of refusal to take on lease any other immoveable property of Lessor in Adyar, Chennai for the purpose of opening an educational institution.