Moratorium Period. For carrying out the fit-outs, finishing works etc., Licensee would be permitted to have a rent free moratorium period of 30 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.
Appears in 4 contracts
Samples: License Agreement, License Agreement, License Agreement
