Common use of Limited Utilization Clause in Contracts

Limited Utilization. 8.1.1 The Parties expressly agree that subject to the provisions of the Agreement, the right of way to the Project Land and Lease Rights to the Commercial Development Assets is being granted to the Developer exclusively for the purposes of the Project. 8.1.2 Without prejudice to the aforesaid, the Parties expressly agree that ownership of Assets and Project Utilities created from time to time on the Project Land and the Project Land itself shall always vest with Authority/ the Railway (as applicable), subject to the risk therein (including with respect to any loss and damage thereto) being borne by the Developer, until the respective date of handover/ transfer thereof to Authority (or its nominee, or the relevant Railway) in accordance with the terms of the Agreement. 8.1.3 Notwithstanding anything contrary contained herein, the Developer shall not have any right, entitlements and / or interest, of any nature whatsoever, in respect of any future development and / or works in / around the Station and/or Project Land other than to the extent set out in the DPR and Authority shall be fully entitled to all such future developments and works and shall also have the exclusive prerogative of deciding on matters pertaining to the same without any claims/objection in respect of the same from the Developer.

Limited Utilization. 8.1.1 The Parties expressly agree that subject to the provisions of the Agreement, the right of way to wayto the Project Land and Lease Rights to the Commercial Development Assets is being granted to the Developer exclusively for the purposes of the Project. 8.1.2 Without prejudice to the aforesaid, the Parties expressly agree that ownership of Assets and Project Utilities created from time to time on the Project Land and Landand the Project Land itself shall always vest with Authority/ Authority/the Railway (as applicable), subject to the risk therein (including with respect to any loss and damage thereto) being borne by the Developer, until the respective date of handover/ transfer thereof to Authority (or its nominee, or the relevant Railway) in accordance with the terms of the Agreement. 8.1.3 Notwithstanding anything contrary contained herein, the Developer shall not have any right, entitlements and / or interest, of any nature whatsoever, in respect of any future development and / or works in / around the Station and/or Project Land other than to the extent set out in the DPR and Authority shall be fully entitled to all such future developments and works and shall also shallalso have the exclusive prerogative of deciding on matters pertaining to the same without any claims/objection in respect of the same from the Developer.