Common use of Vesting of Site with Concessionaire Clause in Contracts

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. 10.1.2. The ULB will hand over land to the Concessionaire in accordance with Clause 6.1.1(e).

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 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. 10.1.2. The Lead ULB will hand over land to the Concessionaire in accordance with Clause 6.1.1(e)6.1.2(e) upon achievement of Milestones for land transfer as set out in Schedule 9.

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 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. 10.1.2. The Lead ULB will hand over land to the Concessionaire in accordance with Clause 6.1.1(e)6.1.2(e) upon achievement of Milestones for land transfer as set out in Schedule 9.