Common use of Suitability and Possession of Land Clause in Contracts

Suitability and Possession of Land. 3.3.1 The Project SPV is satisfied about the suitability of any lands provided in terms of the Sub-Lease Agreements(s) or procured by the Project SPV for the Project from private landowners. MSAPL and/or MSEDCL shall not be responsible in any manner for any non-suitability of any land provided/procured for the Project for any reason. 3.3.2 The Project SPV shall have the right to procure alternate land for any part of the Unit or Project, at their own cost and risk. 3.3.3 The Project SPV shall lease or procure in its name, 100% (one hundred percent) of the required land for a period not less than the complete term of PPA, on or before the Scheduled Commercial Operation Date. In case of any leasing of private land as contemplated hereinabove, such lease should allow transfer of land lease rights to the lenders of the Project SPV or MSAPL (and/or any other relevant transferee identified by the lenders of the Project SPV (which shall be to the satisfaction of MSAPL), in case of default of the Project SPV under any financing documents or arrangements of the Project SPV.