Licensed Space Developments and Operations Sample Clauses
The 'Licensed Space Developments and Operations' clause defines the rules and permissions regarding any modifications, improvements, or activities conducted within the leased or licensed premises. It typically outlines what types of developments or operational changes the licensee is allowed to undertake, such as installing equipment, making structural alterations, or conducting specific business activities, often subject to the licensor's approval and compliance with applicable laws. This clause ensures that both parties are clear on the scope of permissible activities within the space, helping to prevent unauthorized changes and manage potential risks associated with property use.
Licensed Space Developments and Operations. 4.1 Entry to the Licensed Space(s) for work
4.1.1 DMRC shall allow the Licensee access to the area earmarked for the Licensed Area as detailed in Schedule A to the Licensee for undertaking the Project immediately from the date of execution of the License Agreement. In case such access to the Licensee gets delayed for Force Majeure or for reasons solely attributable to DMRC with no contributory factor on the part of the Licensee, the Commencement Date of the License Period shall be proportionately extended.
4.1.2 In the event that Force Majeure prevents access of the Licensee to the Licensed Area and the same continues for period of more than 180 days as envisaged in Clause 4.1.1 above, either DMRC or the Licensee shall be entitled to terminate this Agreement. In such event, DMRC shall return the Performance Security paid by the Licensee. There shall be no further liability or obligation of either party towards the other in case the Agreement is terminated in terms of this Clause.
4.2 Use of the Licensed Space(s)
Licensed Space Developments and Operations