Mortgaging Sample Clauses
Mortgaging. The SPD shall not transfer, assign, let, underlets, sublet, license, mortgage, charge, encumber or part with the possession of the Demised Premises or any part thereof or any interest therein.
Mortgaging a) The SPD shall not transfer, assign, let, underlets, sublet, license, mortgage, charge, encumber or part with the possession of the Demised Premises or any part thereof or any interest therein without prior permission of GPCL.
b) For the purpose of constructing the Plant on the Demised Premises, if the SPD intends to obtain loan from a bank or other financial institutions by mortgaging their lease hold interest in the Demised Premises in favor of such bank or institution, prior permission of GPCL shall be obtained. However such mortgage shall not affect the rights and powers of GPCL under this Agreement and Lease Agreement
c) While granting such permission, GPCL shall also seek permission / No Objection Certificate (NOC) from Power Procurer i.e GUVNL. However, such NOC shall not be construe as “NOC” from GPCL/SPIA
Mortgaging a) The SPD shall not transfer, assign, let, underlets, sublet, license, mortgage, charge, encumber or part with the possession of the Demised Premises or any part thereof or any interest therein without prior permission of KSPDCL.
b) For the purpose of constructing the Plant on the Demised Premises, if the SPD intends to obtain loan from a bank or other financial institutions by mortgaging their lease hold interest in the Demised Premises in favor of such bank or institution, prior permission of KSPDCL shall be obtained. However such mortgage shall not affect the rights and powers of KSPDCL under this Agreement.
Mortgaging. The SPD shall not transfer, assign, let, underlets, sublet, license, mortgage, charge, encumber or part with the possession of the Demised Premises or any part thereof or any interest therein without prior permission of APSPCL. For the purpose of constructing the Plant on the Demised Premises, if the SPD intends to obtain loan from a bank or other financial institutions by mortgaging their lease hold interest in the Demised Premises in favor of such bank or institution, prior permission of APSPCL shall be obtained. However such mortgage shall not affect the rights and powers of APSPCL under this Agreement. Right of Access to APSPCL/other authorities APSPCL and/or the authorized persons of APSPCL shall have the right to access into Demised Premises, with prior intimation to the SPD, for the purpose of discharging its obligations including inspection to ensure compliance of terms and conditions of this agreement by SPD. Right of APSPCL to Audit The SPD shall permit conducting of an audit if deemed required to confirm whether the SPD has been in due compliance of all the provisions of the Electricity Act, 2003, Solar Power Policy framed by the Government of AP, the PPA, policies framed by APSPCL, or any other applicable rule / law / regulation. The SPD shall also ensure that answer to any query raised in this audit and/or any document/information required by the auditor is provided within reasonable time. Fencing The SPD shall Fence the demarcated boundary of the Demised Premises at the SPD’s own expense in every respect. Metering Metering shall be at 33kV side of 220/33kV substation where the power from the solar power project is injected and at the 220 kV Side of 400/220kV substation of STU i.e., APTRANSCO. A set of Main and Check Meters and also Stand by Meter of 0.2S accuracy class, as per CEA (Installation & operation of meters) Regulations 2006/IEGC as applicable, shall be Procured and installed by SPD on each incoming feeder at 33KV side of 33/220kV Pooling Station based on specifications & make provided by APSPCL. Another set of Main and Check Meters and also Stand by Meter of 0.2S accuracy class, as per CEA (Installation & operation of meters) Regulations 2006/IEGC as applicable, shall be Procured and installed by SPD on each incoming feeder at 220KV side of 400/220kV Grid Sub Station (Interconnection point) of STU i.e., APTRANSCO based on specifications & make provided by APSPCL/AP DISCOMS. The Main and Check Meters shall be checked jointly at the t...
Mortgaging. Except as otherwise provided herein, Tenant, for itself, its heirs, distributees, executors, administrators, legal representatives, successors and assigns, expressly covenants that it shall not mortgage, hypothecate, pledge or otherwise encumber this lease without the prior written consent of Landlord in each instance.
Mortgaging. The Tenant will not mortgage or charge its leasehold interest in the Premises, fixtures, chattels, furniture, or equipment, without the Landlord's consent.
Mortgaging. Lessee may not mortgage or otherwise encumber its interest in the Demised Premises or the improvements thereon unless approved in writing by Lessor.
Mortgaging. Lessee may not mortgage or otherwise encumber in the Demised Premises or the improvements thereon.
Mortgaging a) The SPD shall not transfer, assign, let, underlets, sublet, license, xxxx- xxxx, charge, encumber or part with the possession of the Demised Premises or any part thereof or any interest therein without prior written permission of GIPCL.
b) For the purpose of constructing the Plant on the Demised Premises, if the SPD intends to obtain loan from a bank or other financial institutions by mortgaging their lease hold interest in the Demised Premises in favor of such bank or institution, prior permission of GIPCL shall be obtained. However, such mortgage shall not affect the rights and powers of GIPCL under this Agreement and Lease Agreement.
c) The lender shall be required to give notice of at least 30 days for transfer of interest. That the Lessee will not give effect to any change in the constitution of its shareholders and/ or their respective shareholdings in contravention to the provisions of PPA. However, any change in share- holding pattern, which is permissible under the Provisions of PPA and has been allowed by GUVNL shall be deemed to be permissible under this Agreement.
d) The lender/new owner shall be required to settle the past dues as per this Agreement and undertake to bear all future obligations of the SPD as per this Agreement.
e) While granting such permission, GIPCL may also seek permission / No Objection Certificate (NOC) from Power Procurer i.e. GUVNL. However, such NOC shall not be construed as “NOC” from GIPCL/SPPD/SPIA.
Mortgaging. Tenant shall not be entitled to mortgage, pledge, grant deeds of trust, or otherwise encumber Tenant’s leasehold interest under this Lease, or to assign, hypothecate or pledge the same as security for any debt without Landlord’s prior written consent. Any attempted mortgage or encumbrances by Tenant of Tenant’s leasehold interest herein without Landlord’s prior written consent shall be null and void.