Common use of Moratorium Period Clause in Contracts

Moratorium Period. For carrying out the fit-outs, finishing works etc., Licensee would be permitted to have a rent free moratorium period. The moratorium period shall be as follows – • Built Up Area > 100 Sqm but < 500 Sqm - 90 days • Built Up Area > 500 Sqm but < 1000 Sqm - 120 days • Built Up Area > 1000 Sqm - 180 days The moratorium period shall commence from the date of handing over of business space to licensee. The license fee shall commence immediately after expiry of applicable rent-free moratorium period. The escalation on License Fees shall be counted from the commencement date of License tenure.

Moratorium Period. For carrying out the fit-outs, finishing works etc., Licensee successful bidder would be permitted to have a rent free moratorium period. The moratorium period shall be as follows – • Built Up Area > 100 Sqm but < 500 Sqm - 90 days • Built Up Area > 500 Sqm but < 1000 Sqm - 120 days • Built Up Area > 1000 Sqm - 180 days The moratorium period shall commence from the date of handing over of business space to licensee. The license fee shall commence immediately after expiry of applicable rent-free moratorium period. The escalation on License Fees shall be counted from the commencement date of License tenure.

Moratorium Period. For carrying out the fit-outs, finishing works etc., Licensee would be permitted to have a rent free moratorium period. The moratorium period shall be as follows – •  Built Up Area > 100 Sqm but < 500 Sqm 000 Xxx - 90 00 days •  Built Up Area > 500 Sqm but < 1000 Sqm 0000 Xxx - 120 000 days •  Built Up Area > 1000 Sqm 0000 Xxx - 180 000 days The moratorium period shall commence from the date of handing over of business space to licensee. The license fee shall commence immediately after expiry of applicable rent-free moratorium period. The escalation on License Fees shall be counted from the commencement date of License tenure.