Examples of Site Lease in a sentence
Title to all work completed and in the course of Construction paid for by District and title to all materials on account of which payment has been made by District to Contractor shall vest in District pursuant to the applicable provisions of the Site Lease and Sublease.
During the Term, Seller will operate and perform all routine and emergency repairs to, and maintenance of, the System at its sole cost and expense, except for any repairs or maintenance resulting from Purchaser’s negligence, willful misconduct or breach of this Agreement or the Site Lease (if applicable).
For the avoidance of doubt, the Parties agree and acknowledge that the Company shall only assign or transfer only such rights to the Lenders, as are granted to it under this Site Lease Agreement.
BECL shall not assign or transfer any of its rights and obligations under this Site Lease Agreement or under the Master Lease Deed (to the extent sub-leased to the Company hereunder) without the prior written consent of the Company.
As a further commitment to enhancing the adoption of renewable sources for power generation, the Company is encouraged to undertake the plantation of Jatropha or other similar plants producing bio fuel throughout the Term of this Site Lease Agreement, subject, however, to soil conditions to be verified by BECL.