Depot License Agreement definition
Examples of Depot License Agreement in a sentence
For the purposes of maintenance, daily cleaning and parking of Buses, subject to the execution of a Depot License Agreement as provided in Schedule-V to this Contract, the Authority shall provide a Bus Depot to the Operator.
It is hereby clarified that the Operator shall only have a limited right of way and right to use the Bus Depot subject to the terms of the Depot License Agreement and the terms contained herein.
If the Bus Operator’s Agreement is renewed and/or extended beyond its Term, the Parties agree to negotiate in good faith for renewal of this Depot License Agreement on such terms and conditions as may be agreed between the Parties in writing prior to the expiration of this Agreement.
The Operator shall only be provided the limited right of way and right to use as a licensee under the Depot License Agreement in respect of the Bus Depot and upon the end of the Transition Assistance Period, the Depot License Agreement shall also terminate or expire, whereupon the Operator shall vacate and hand back to the Authority such Bus Depot along with any permanent structure(s) created by it to fulfil its obligations as per the terms of this Contract.
The Operator shall only be provided the limited right of way and right to use as a licensee under the Depot License Agreement in respect of the Bus Depot and upon the end of the Transition Assistance Period, the Depot License Agreement shall also terminate or expire, whereupon the Operator shall vacate and hand back such Bus Depot along with any permanent structure(s) created by it to fulfil its obligations as per the terms of this Contract.
The Operator shall only be provided the limited right of way and right to use as a licensee under the Depot License Agreement in respect of the Bus Depot and upon the end of the Transition Assistance Period, the Depot License Agreement shall also terminate or expire, whereupon the Operator shall vacate and hand back to the Authority such Bus Depot along with any permanent structure created by it to fulfil its obligations as per the terms of this Contract.
The Operator shall only be provided the limited right of way and right to use as a licensee under the Depot License Agreement in respect of the Bus Depot and upon the end of the Transition Assistance Period, the Depot License Agreement shall also terminate or expire, whereupon and the Operator shall vacate and hand back such Bus Depot along with any permanent structure(s) created by it to fulfil its obligations as per the terms of this Contract.
The Depot shall be deemed, at the commencement of this Depot License Agreement, to be in good order and condition except to the extent that the Operator notifies the Authority in writing within [15 (fifteen)] Business Days after having taken possession of the Depot of the need for any repairs to in the Depot or of the fact that any part of the Depot, including any lock, key, door, window, appurtenance, fixture or fitting, is damaged, missing, or out of order.
Nothing in sub-clause (a) above shall be construed as excluding the ordinary lawful consequences of a breach of this Depot License Agreement by either party (save any such consequences as are expressly excluded by any of the other provisions of this Depot License Agreement) and in particular any right of termination of this Depot License Agreement on the ground of a material breach of this Depot License Agreement.
If the Depot is destroyed or so damaged that it can no longer be beneficially occupied, this Depot License Agreement shall, unless the Parties agree otherwise in writing, terminate when that happens in respect of that Depot.