Fitment Period definition

Fitment Period means the rent-free period commencing from the date of handing over the Facility to the Operator, for carrying out fitout activities;
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Fitment Period or “Moratorium Period” means the period starting from the date of handing over of the Licensed Spaces for carrying out fit out activities including planning, designing, integration, marketing and approval(s)/ license(s) from DMRC or external agencies, in order to operationalize the Licensed Space. Fitment period will be considered as per actual handed-over area. The Fitment Period shall be upto the specified period or upto start of Commercial operation, whichever is earlier. The Fitment Period, may as below: Sr. No. Inventory Type Area Fitment Period Remarks (sqm) (Days) 1.1 Built-up Shop/bare space Upto 60 30 i) In case of allotment of multiple locations, fitment period will be on the basis of total area of all the allotted shop/bare spaces/ spaces and shall commence from the date of handing-over of first site. 1.2 Above 60 and upto 100 60 ii) In case of allotment of additional space for extension of existing handed over licensed space, no fitment period shall be provided.
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Examples of Fitment Period in a sentence

  • Subsequent to the Fitment Period, to utilise the licensed space, at its own costs and risk, for carrying out activities stated at Point No.

  • Nevertheless, in the event of the delay being due to reasons being attributable to Licensee, or its failure to complete its obligations within specified time as per the License Agreement, for the reasons other than the reasons attributable to Maha-Metro, Licensee shall not be entitled for any extension of date of Commencement Date or Fitment Period or License Period whatsoever.

  • In case of extension of the Commencement Date or Fitment Period or both, as the case may be, for whatsoever reason, the escalation on the License Fee and maintenance fee shall be counted from the effective date only.

  • If in event of, delay in handing over of premises by Maha-Metro, either Commencement Date or Fitment Period or License Period individually or in combination may be extended suitably, as in the opinion of Maha-Metro are reasonable having regard to the nature and period of delay.

  • For clarification purposes, Fitment Period shall be inclusive of approval of the creative media, design, content, material etc.

  • If in event of, delay in handing over of premises by Maha-Metro, either Commencement Date or Fitment Period or License Period individually or in combination may be extended suitably, as in the opinion of Maha-Metro are reasonable having regard to thenature and period of delay.

  • Nevertheless, in the event of the delay being due to reasons being attributable to Licensee, or its failure to complete its obligations within specified time as per theLicense Agreement, for the reasons other than the reasons attributable to Maha-Metro,Licensee shall not be entitled for any extension of date of Commencement Date or Fitment Period or License Period whatsoever.

  • Commencement of License fees will be from 76th day (30days Plan Approval period+ 45 days Fitment Period) & 151st day (30days Plan Approval period + 120 days Fitment period) for Category – A & Category - B spaces respectively from the date of issue of notice to takeover/ handing over or start of commercial operation by Licensee, whichever is earlier.

  • If upon completion of such extension in the Fitment Period, it is observed that the Licensee has not made substantial progress, the Authority in its sole discretion, shall be entitled to terminate this Agreement.

  • In case of extension of the Commencement Date or Fitment Period or both, as the case may be, for whatsoever reason, the escalation on the License Fee and maintenance fee shall be counted from the Effective date only.

Related to Fitment Period

  • Agreement Period means the period between the Agreement Date and the Expiry Date, unless terminated earlier on the Termination Date;

  • Commitment Period the period from and including the date hereof to but not including the Termination Date or such earlier date on which the Commitments shall terminate as provided herein.

  • Repayment Period means the period beginning on the Loan Commencement Date and continuing for 36 calendar months.

  • Development Period means the period from the date of this Agreement until the Appointed Date;

  • Adjustment Period means the period from the Effective Date up to and including the Expiry Time;

  • Commitment Termination Date means the earlier of (a) the Maturity Date and (b) the earlier termination in whole of the Commitments pursuant to Section 2.04 or Article VII.

  • Credit Period means with respect to any building that is included in a Tax Credit Project, the period of 10 years beginning with (i) the taxable year in which the building is Placed In Service, or (ii) at the election of the Developer, the succeeding taxable year.