Common use of License Period Clause in Contracts

License Period. 2.2.1 The access to the Site shall be granted to the Selected Bidder immediately from the date of execution of the Leave and License Agreement (commencement date) which shall be executed within a period of 7 days from the payment of Security Deposit by the Selected Bidder to the CMRL (hereinafter referred to as “Commencement Date”). 2.2.2 The License granted under the License Agreement shall be valid for a period of 15 (Fifteen) years from the Commencement Date or earlier if the license Agreement is terminated by the CMRL at their sole discretion. On termination of License, the Licensed Area and all structures developed on the site will transfer to the possession of CMRL. 2.2.3 At the end of the License Period or sooner determination of this Agreement for any reason whatsoever all rights given under this License Agreement shall cease to have effect and the Licensed Area with all the furniture and fixtures and other assets permanently attached to the Licensed Area shall revert to CMRL without any obligation on part of CMRL to pay or adjust any consideration or other payment to the Licensee. No claim, compensation or damages will be entertained by CMRL on this account. CMRL shall renew the License at their own discretion and may allow the sub- Licensee / end user(s) to continue on mutually negotiable terms and conditions. 2.2.4 For the purpose of clarification, at the end of the License Period, on any ground whatsoever, the CMRL shall have the absolute right to run the Project Site on their own, or re-License to any third party or to manage it in any other manner as they may deem fit in their sole discretion. 2.2.5 If at any time the Licensee wishes to exit the License agreement, they shall do so with all right and ownership of the developed structure passing on to CMRL with immediate effect. A notice period of 6 months will have to be given for prematurely termination of the License. 2.2.6 CMRL has the right to prematurely end the License if the Licensee/ sub - Licensee / both do not follow the terms of this contract

License Period. 2.2.1 The access to the Site shall be granted to the Selected Bidder immediately from the date of execution of the Leave and License Agreement (commencement date) which shall be executed within a period of 7 15 days from the payment of Security Deposit by the Selected Bidder to the CMRL (hereinafter referred to as “Commencement Date”). 2.2.2 The License granted under the License Agreement shall be valid for a period of 15 (Fifteen) years from the Commencement Date or earlier if the license Agreement is terminated by the CMRL at their sole discretion. On termination of License, the Licensed Area and all structures developed on the site will transfer to the possession of CMRL. 2.2.3 At the end of the License Period or sooner determination of this Agreement for any reason whatsoever all rights given under this License Agreement shall cease to have effect and the Licensed Area with all the furniture and fixtures and other assets permanently attached to the Licensed Area shall revert to CMRL without any obligation on part of CMRL to pay or adjust any consideration or other payment to the Licensee. No claim, compensation or damages will be entertained by CMRL on this account. CMRL shall renew the License at their own discretion and may allow the sub- Licensee / end user(s) to continue on mutually negotiable terms and conditions. 2.2.4 For the purpose of clarification, at the end of the License Period, on any ground whatsoever, the CMRL shall have the absolute right to run the Project Site on their own, or re-License to any third party or to manage it in any other manner as they may deem fit in their sole discretion. 2.2.5 If at any time the Licensee wishes to exit the License agreement, they shall do so with all right and ownership of the developed structure passing on to CMRL with immediate effect. A notice period of 6 months will have to be given for prematurely termination of the License. 2.2.6 CMRL has the right to prematurely end the License if the Licensee/ sub - Licensee / both do not follow the terms of this contract

License Period. 2.2.1 4.2.1. The access to the Site site shall be granted to the Selected Bidder immediately from the date of execution of the Leave and License Agreement (commencement date) which shall be executed within a period of 7 15 days from the payment of the Security Deposit by the Selected Bidder to the CMRL SSCL (hereinafter referred to as “Commencement Compliance Date”). 2.2.2 4.2.2. The License granted under the License Agreement shall be valid for a period of 15 (Fifteen) years from the Commencement Date or earlier if the license date of execution of Agreement. The License Agreement is may be terminated by either party to the CMRL at their sole discretionAgreement after giving 5 months’ notice. On termination of the License, the Licensed Area licensed area and all structures developed on the site such area will transfer to the possession of CMRLSSCL. 2.2.3 4.2.3. At the end of the License Period or sooner determination of this Agreement for any reason whatsoever all rights given under this License Agreement shall cease to have an effect and the Licensed Area with all the furniture and fixtures and other assets permanently attached to the Licensed Area licensed area shall revert to CMRL SSCL without any obligation on part of CMRL SSCL to pay or adjust any consideration or other payment to the Licensee. No claim, compensation or damages will shall be entertained by CMRL SSCL on this account. 4.2.4. CMRL SSCL shall renew the License Period at their own discretion and may allow its sole discretionary power, at the sub- request of the Licensee / end user(s) to continue on mutually negotiable as per the terms and conditionsconditions as deemed fit. 2.2.4 4.2.5. If the Licensee exits the License Agreement during the tenure of the License, the Interest Free Security Deposit shall be forfeited by SSCL besides recovering other dues including the License Fee. 4.2.6. No partial surrender or downsizing of a portion or whole floor or part of the licensed space is permissible during the tenure of the Agreement. For the avoidance of doubt, it is specifically clarified that the license fee is applicable on the total built-up area irrespective of the usage or lack of occupancy thereof of the total built-up area by the licensee. 4.2.7. For the purpose of clarification, at the end of the License Period, on any ground whatsoever, the CMRL SSCL shall have the absolute right to run the Project Site on their own, or re-License license to any third party or to manage it in any other manner as they may deem fit in their sole discretion. 2.2.5 If at any time the Licensee wishes to exit the License agreement, they shall do so with all right and ownership of the developed structure passing on to CMRL with immediate effect4.2.8. A notice period of 6 months will have to be given for prematurely termination of the License. 2.2.6 CMRL SSCL has the right to prematurely end the License if the Licensee/ sub Sub - Licensee / both do not follow the terms of this contract.