Common use of On Operational Ground Clause in Contracts

On Operational Ground. DMRC reserve the rights to terminate/close the License Agreement by giving three month advance notice on operational ground. The License agreement will stand terminated on expiry of 3 months’ notice. The advance annual license fees deposited by the Licensee for the balance period of that year shall be refunded on pro-rata basis, without consideration of any interest. Further, the Interest free Security deposit will be refunded after adjusting outstanding dues payable to DMRC, if any. The Licensee voluntarily agrees not to seek any claim, compensation, damages or any other consideration whatsoever on any ground in this regard. The Licensee shall remove all the media, fixtures, panels, etc. from DMRC premises within 30 days of issue of such termination letter, failing which these structures, media, fixtures, panels, etc. shall become property of DMRC at ‘0’/nil value.

On Operational Ground. DMRC reserve the rights to terminate/close forclose the License Agreement by giving three month advance notice on operational ground. The License agreement will stand terminated on expiry of 3 months’ months notice. The advance annual license fees deposited by the Licensee for the balance period of that year shall be refunded on pro-rata basis, without consideration of any interest. Further, the Interest free Security deposit will be refunded after adjusting outstanding dues payable to DMRC, if any. The Licensee voluntarily agrees not to seek any claim, compensation, damages or any other consideration whatsoever on any ground in this regard. The Licensee shall remove all the media, fixtures, panels, etc. from DMRC premises within 30 days of issue of such termination letter, failing which these structures, media, fixtures, panels, etc. shall become property of DMRC at ‘0’/nil „0‟/nil value.