Vesting of Site with Concessionaire. 10.1.1. Pursuant to grant of Concession and in consideration of grant of lease of the Site in accordance with Land Lease Agreement, the Concessionaire shall pay to the ULB by way of lease payment (the “Lease Payment”), as per Schedule 19 during the Concession Period. Subject to other provisions of the Concession Agreement, Concessionaire shall have the full right to regulate the entry into and use of the Site. The land constituting the Site shall be vested with Concessionaire under this Concession, for the sole purposes of performance, execution and implementation of the Project.
Vesting of Site with Concessionaire. Pursuant to grant of Concession and in consideration of grant of lease of the Site in accordance with Land Lease Agreement, the Concessionaire shall pay to the Lead ULB by way of lease payment (the “Lease Payment”), as per Schedule 19 during the Concession Period. Subject to other provisions of the Concession Agreement, Concessionaire shall have the full right to regulate the entry into and use of the Site. The land constituting the Site shall be vested with Concessionaire under this Concession, for the sole purposes of performance, execution and implementation of the Project. The Lead ULB will hand over land to the Concessionaire in accordance with Clause 6.1.2(e) upon achievement of Milestones for land transfer as set out in Schedule 9.
Vesting of Site with Concessionaire. (a) Grantor ULB hereby agrees that the land constituting the Site shall be vested with the Concessionaire under the Lease Agreement, solely for the purposes of the development of the Regional MSW Facility for enabling the Grantor ULB and Participating ULBs to discharge their functions of management, treatment, processing and disposal of MSW. Grantor ULB shall vest the Site with the Concessionaire in accordance with this clause no later than six (6) months from the date of execution of this Concession Agreement.
Vesting of Site with Concessionaire. Pursuant to grant of Concession and in consideration of grant of lease of the Site in accordance with Land Lease Agreement, the Concessionaire shall pay to the Authority by way of lease payment (the “Lease Payment” / “Concession Fee”), a nominal sum of Re. 1 (Rupee one) per square meter per annum during the Concession Period. The amount of Lease Payment shall be escalated in accordance with the Land Lease Agreement. Subject to other provisions of the Concession Agreement, Concessionaire shall have the full right to regulate the entry into and use of the Site. The land constituting the Site shall be vested with Concessionaire under this Concession, for the sole purposes of performance, execution and implementation of the Project. The Concessionaire is responsible for payment of all applicable taxes, including property tax on the site. The Authority will hand over land to the Concessionaire in accordance with Clause 6.1.2(f) upon achievement of Milestones for land transfer as set out in Schedule 9, Clause 9.7.
Vesting of Site with Concessionaire. The site of the Project shall comprise the one contiguous piece of land admeasuring twelve(12) Acres earmarked by SDMC at Tehkhand, Okhla, New Delhi described in Schedule-I, and in respect of which lease shall be provided and granted by the SDMC to the Concessionaire in accordance with this Agreement (collectively, the "Site").
