AGREED AND DECLARED AS FOLLOWS. In consideration of the rent hereinafter reserved and of the other conditions herein contained, the Lessor agrees to let out and Lessee agrees to take on lease the land, hired it aments and premises known as …………... together with all buildings and erections, fixtures and fittings, standing and being thereon (hereinafter called “THE SAID PREMISES”) more particularly described in SCHEDULE ‘A’. The lease shall commence/shall be deemed to have been commenced* on the …………. day of ………. two thousand and……………….……………….. and shall, subject to the terms hereof, continue for a term of 3 (Three) years with an option to extend the period of lease for a further term as set out in clause 14 hereof. The Lessee shall, subject to the terms hereof, pay gross rent in monthly arrears for the said premises at the rate of Rs………. (in words Rs. ………. ) per month, which also includes a sum of Rs………..towards maintenance and taxes per month. In the event of the tenancy hereby created, being terminated as provided by these presents, the Lessee shall pay only a proportionate part of the rent for the fraction of the current month up to the date of such termination. The rate of rent hereby agreed is liable to revision during the period of lease or renewal, if any, of the lease after the expiry of the three years from the start of the lease or revision of the rent, provided that such revision shall not exceed 5% per annum (in case of residential accommodation) and 8% per annum (in case of non-residential accommodation) of the rent payable at the time of such revision, such rent being equivalent to gross rent reduced by the amount payable towards maintenance and tax. The said premises shall be deemed to include the fixtures and fittings existing thereon as shown in Schedule-B and the Government of India shall upon the expiration of the terms hereby created or any renewal thereof and subject to clause 11 hereof yield up the said premises including fixtures and fittings in as good a condition as received, fair wear and tear, damage by fire, act of God, riots or other civil commotion, enemy action and/or other causes not within the control of the Government of India excepted, PROVIDED THAT THE GOVERNMENT OF INDIA shall not be responsible for any structural damage which may occur to the same during the terms hereby created or any renewal thereof. The Government of India shall be entitled to use the said premises for any lawful purpose which is not detrimental to the interest of the land lord. Th...
AGREED AND DECLARED AS FOLLOWS. 1. The affiliatee will be authorized by IGCSM to set up and established a study centre, starting its affiliation for the period starting from xxxxxxxxxxxx to xxxxxxxxxxxxxxxx upon the terms and subject to the conditions as laid out in this agreement and as per the "Offer of Affiliation" by IGCSM; that may be modified time to time as per the policy of the affiliate as and when it desires to do which shall not be questioned by the affiliate at any point of time.
AGREED AND DECLARED AS FOLLOWS. 1. The Borrower and the Bank hereby agree to replace the Schedule I of the Agreement with Schedule I attached hereto.
AGREED AND DECLARED AS FOLLOWS. 1. In consideration of the rent hereinafter reserved and of the other conditions herein contained, the lessor agrees to let out and Xxxxxx agrees to take on lease the land, hereditaments and premises known as together with all buildings and erections, fixtures and fittings, standing and being thereon (hereinafter called “THE SAID PREMISES”) more particularly described in SCHEDULE ‘A’.
AGREED AND DECLARED AS FOLLOWS. 1.The affiliatee will be authorized by I.S.D.T. to set up and established a study centre, starting its affiliation for the period starting from to upon the terms and subject to the conditions as laid out in this agreement and as per the "Offer of Affiliation" by I.S.D.T.; that may be modified time to time as per the policy of the affiliate as and when it desires to do which shall not be questioned by the affiliate at any point of time.
