The License Development Rights Sample Clauses

The License Development Rights. In consideration of the payment made and promised as set out herein above and reserved and the covenants on the part of the Licensee, NRDA, hereby licenses and demises on "as is where is basis" unto the Licensee under the terms and conditions of this Agreement and effective from the date of signing of this Agreement, the Project Land (herein after called as "Licensed Land") without interruption or interference free from encumbrances. The Licensor grants to the licensee, exclusive rights for and in relation to the development of the project and shall for achieving the said purpose, do all acts, deeds and things as may be required in accordance with the terms and conditions set out in this Agreement by way of License (“Development Rights”). Development Rights means right to investigate, study, design, engineer, procure, finance, construct and maintain the Project. Subject to and in accordance with the terms and conditions set forth in this agreement, the developer shall be primarily obliged to undertake in respect of the Project the following in accordance with the Applicable Law’s and the Approvals: