Common use of Obligations relating to Inter-Connection Clause in Contracts

Obligations relating to Inter-Connection. 6.2.1 In consideration of this Agreement and the applicable charges, the covenants and warranties on the part of the Concessionaire herein contained, MOR, in accordance with the terms and conditions set forth herein, hereby grants to the Concessionaire, commencing from [180 (one hundred and eighty days)] days prior to Scheduled Completion Date, leave and licence rights in respect of the land owned by MOR for the purpose of connecting the Rail System to [nearest existing Station or existing rail head] (“Railway Land”), and for no other purpose whatsoever. In consideration of the grant of leave and licence rights in respect of the Railway Land, the Concessionaire shall pay to MOR a sum of Re.1 (Rupee one) per annum. In the event of delay for any reason other than Force Majeure or breach of this Agreement by the Concessionaire, and only if the Independent Engineer determines that the Concessionaire is unable to achieve COD on account of the delay or denial of Right of Way to any part of the Railway Land, MOR shall pay to the Concessionaire, Damages in a sum calculated at the rate of Rs. [1,000] per day of delay and until such Right of Way is granted.

Appears in 3 contracts

Samples: Model Agreement, Model Agreement, Model Agreement

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Obligations relating to Inter-Connection. 6.2.1 In consideration of this Agreement and the applicable charges, the covenants and warranties on the part of the Concessionaire herein contained, MOR, in accordance with the terms and conditions set forth herein, hereby grants to the Concessionaire, commencing from [180 (one hundred and eighty days)180] days prior to Scheduled Completion Date, Right of Way, leave and licence rights in respect of the land owned by MOR for the purpose of connecting the Rail System to [nearest to[nearest existing Station or existing rail head] (“Railway Land”), and for no other purpose whatsoever. In consideration of the grant of leave and licence rights in respect of the Railway Land, the charges payable by the Concessionaire shall pay to MOR a sum of Re.1 shall be Re. 1.00 (Rupee one) per annum. In the event of delay for any reason other than Force Majeure or breach of this Agreement by the Concessionaire, and only if the Independent Engineer determines that the Concessionaire is unable to achieve COD on account of the delay or denial of Right of Way to any part of the Railway Land, MOR shall pay to the Concessionaire, Damages in a sum calculated at the rate of Rs. [1,000] per day of delay and until such Right of Way is granted.

Appears in 3 contracts

Samples: Model Agreement, Model Agreement, Model Agreement

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Obligations relating to Inter-Connection. 6.2.1 In consideration of this Agreement and the applicable charges, the covenants and warranties on the part of the Concessionaire herein contained, MOR, in accordance with the terms and conditions set forth herein, hereby grants to the Concessionaire, commencing from [180 (one hundred and eighty days)180] days prior to Scheduled Completion Date, Right of Way, leave and licence rights in respect of the land owned by MOR for the purpose of connecting the Rail System to [nearest existing Station to[nearest existingStation or existing rail head] (“Railway Land”), and for no other purpose whatsoever. In consideration of the grant of leave and licence rights in respect of the Railway Land, the charges payable by the Concessionaire shall pay to MOR a sum of Re.1 shall be Re. 1.00 (Rupee one) per annum. In the event of delay for any reason other than Force Majeure or breach of this Agreement by the Concessionaire, and only if the Independent Engineer determines that the Concessionaire is unable to achieve COD on account of the delay or denial of Right of Way to any part of the Railway Land, MOR shall pay to the Concessionaire, Damages in a sum calculated at the rate of Rs. [1,000] per day of delay and until such Right of Way is granted.

Appears in 1 contract

Samples: Model Agreement

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