Obligations Related to Mortgage. The Concessionaire will be provided with the leasehold rights of the project site as per the terms and conditions of the Concession Agreement. For raising finances through debt/equity, the Concessionaire will have the rights to avail project financing and also shall have right to mortgage the built-up area/ constructed area of the project along with movable assets, if any. Maha-Metro upon written request made by the Concessionaire shall provide NOC for availing project financing. However, under no circumstances the Maha-Metro’s land parcel or part thereof shall not be mortgaged by the Concessionaire in any manner whatsoever.
Obligations Related to Mortgage. The Successful Bidder will be provided with the leasehold rights of the project site as per the terms and conditions of the Concession Agreement. However, it is clarified that the MAHA METRO’s land parcel or part thereof shall not be mortgaged by the Successful Bidder in any manner whatsoever. For raising finances through debt/equity, the Successful Bidder will have the rights to avail project financing and also shall have right to mortgage the built-up area/ constructed area of the project. Maha-Metro upon written request made by the Successful Bidder shall provide NOC for availing project financing.
Obligations Related to Mortgage. The Concessionaire will be provided with the development rights of airspace above the Zero Mile Metro Station as per the terms and conditions of the Concession Agreement. For raising finances through debt/equity, the Concessionaire will have the rights to avail project financing and also shall have right to mortgage the built-up area/ constructed area of the project (only limited to the area developed by the Concessionaire, but not including Total Area Offered to Maha-Metro). Maha-Metro upon written request made by the Concessionaire shall provide NOC for availing project financing. For clarification purposes, the Total Area Offered to Maha-Metro/Area Sharing shall be excluded from the mortgaging rights. It is clarified that the said airspace rights of Zero Mile Metro Station or part thereof shall not be mortgaged by the Concessionaire in any manner whatsoever.
Obligations Related to Mortgage. The Concessionaire will be provided with the leasehold rights of the Project Site as per the terms and conditions of this Agreement. For raising finances through debt/equity, the Concessionaire will have the rights to avail project financing and also shall have right to mortgage the built-up area/ constructed area of the Project along with movable assets, if any. Maha-Metro upon written request made by the Concessionaire shall provide NOC for availing project financing. However, under no circumstances the Project Site land parcel or part thereof shall be mortgaged by the Concessionaire in any manner whatsoever. For clarification purposes, the Total Area Offered to Maha-Metro shall be excluded from the mortgaging rights as provided herein.
Obligations Related to Mortgage. The Concessionaire will be provided with the leasehold rights of the project site as per the terms and conditions of the Concession Agreement. Under no circumstances the Maha- Metro’s land parcel or part thereof shall be mortgaged by the Concessionaire in any manner whatsoever. For raising finances through debt/equity, the Concessionaire will have the rights to avail project financing and also shall have right to mortgage the built-up area/ constructed area of the project along with movable assets, if any. Maha-Metro upon written request made by the Concessionaire shall provide NOC for availing project financing.
