Common use of Obligations Related to Mortgage Clause in Contracts

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 Concessionaire will be provided with the leasehold rights of the project site Project Site as per the terms and conditions of the Concession 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 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 Project Site land parcel or part thereof shall not be mortgaged by the Concessionaire in any manner whatsoever.