Common use of Development Phase Clause in Contracts

Development Phase. In addition to any of its other obligation under this Agreement, during the development phase, the Lessee shall i. In accordance with the Project Schedule commence and complete the Project to the satisfaction of NRDA. ii. To strictly comply with the timelines and stages mentioned in the Development Milestone clause no (1.2) iii. Subject to and on the terms and conditions of this Agreement, the Lessee shall, at its own cost and expense, procure finance for and undertake the design, engineering, procurement, construction, operation and maintenance of the Multipurpose Modern Warehouse and observe, fulfil, comply with and perform all its obligations set out in this Agreement or arising hereunder. iv. The Lessee shall Prepared a concept plan for the Project and DPR including project cost estimates, including the area statement, block drawings, schedule of construction with financial and physical progress, details of services to be so provided and as incorporated in the concept plan as per the applicable Local Building Bye laws, Norms of Naya Raipur Development Plan 2031 and other applicable laws and submit to the Authority for its approval, whereby meeting all the requirements mentioned herein, apart from all other requirements of this Agreement in the DPR; v. The Lessee shall comply with all Applicable Laws and Applicable Permits (including renewals as required) in the performance of its obligations under this Agreement. vi. Save and except as otherwise provided in this Agreement or Applicable Laws, as the case may be, the Lessee shall, in discharge of all its obligations under this Agreement, conform with and adhere to Good Industry Practice at all times. vii. Entrust responsibility for Project management and construction to professionally competent Person. viii. obtain all necessary Approvals from all the statutory authorities, and such other Approvals and permits as may be needed during the construction/operation of the Project as per applicable laws; ix. To ensure that the Project Site (Encroachment free plot provided by NRDA)remains free from all encroachments and the Lessee shall take all necessary measures to remove encroachments, if any; x. Comply with Applicable Laws and give priority to safety in its construction and planning activities in order to protect life, health, property and environment. xi. Provide to the representative(s) of the NRDA, at any time access to the Project Land to review progress in construction and operation of Project and to ascertain compliance with any of the requirement of this Agreement. xii. Promptly carry out at its cost such further works as may be necessary to remove any defects or deficiencies observed by the Steering Group and NRDA’s representative to ensure completion of construction of the Project in all respects in accordance with the provisions of this Agreement. xiii. Furnish operational information as and when requested for by NRDA, within a reasonable time xiv. Meet all the costs of operation, maintenance and repairs of the Project or any part thereof; as per the provisions of this agreement xv. Pay taxes and duties as per applicable laws xvi. Procure that all equipment and facilities comprising the Multipurpose Modern Warehouse are operated and maintained in accordance with the Specifications and Standards, Maintenance Requirements, Safety Requirements and Good Industry Practice; xvii. To adhere to the list of prohibited activities listed in SCHEDULE – IV

Development Phase. In addition to any of its other obligation under this Agreement, during the development phase, the Lessee shall i. In accordance with the Project Schedule commence and complete the Project to the satisfaction of NRDA. ii. To strictly comply with the timelines and stages mentioned in the Development Milestone clause no (1.2)2.2) above and elsewhere in this Agreement iii. Subject Entrust responsibility for Project management and construction to and on professionally competent Person having skill, technical experience or qualification required to fulfil the terms and conditions of obligations under this Agreement, the Lessee shall, at its own cost and expense, procure finance for and undertake the design, engineering, procurement, construction, operation and maintenance of the Multipurpose Modern Warehouse and observe, fulfil, comply with and perform all its obligations set out in this Agreement or arising hereunder. iv. Obtain all necessary Approvals from all the statutory authorities, and such other Approvals and Applicable Permits as may be needed during the construction/operation of the Project; v. The Lessee shall Prepared Prepare a concept plan for the Project layout and DPR including project cost estimatesbuilding plan, including the area statement, block drawings, schedule of construction with financial and physical progress, details of services to be so provided and as incorporated in the concept plan as per the applicable Local Building Bye laws, Norms of Naya Raipur Development Plan 2031 and other applicable laws Applicable Laws and submit to the Authority for its approval, whereby meeting all the requirements mentioned herein, apart from all other requirements of this Agreement in the DPRAgreement; v. The Lessee shall comply with all Applicable Laws and Applicable Permits (including renewals as required) in the performance of its obligations under this Agreement. vi. Save and except Ensure to obtain approval as otherwise provided per clause 2.2 mentioned in this Agreement or Applicable Laws, as the case may be, the Lessee shall, in discharge of all its obligations under this Agreement, conform with and adhere to Good Industry Practice at all times.; vii. Entrust responsibility for Project management and construction to professionally competent Person. viii. obtain all necessary Approvals from all the statutory authorities, and such other Approvals and permits as may be needed during the construction/operation of the Project as per applicable laws; ix. To ensure that the Project Site (Encroachment free plot provided by NRDA)remains NRDA) remains free from all encroachments and the Lessee shall take all necessary measures to remove encroachments, if any; x. viii. Comply with Applicable Laws at all times and ensure that the Contractor or Person, if any, engaged by it comply with the Applicable Laws and give priority to safety in its construction and planning activities as may be required by Applicable Laws or otherwise in order to protect life, health, property and environment.; xiix. Provide to the representative(s) of the NRDA, at any time access to the Project Land to review progress in construction and operation of Project and to ascertain compliance with any of the requirement of this Agreement.; xii. x. Promptly carry out at its cost such further works within the specified timelines as may be necessary to remove any defects or deficiencies observed by the Steering Group and NRDA’s representative to ensure completion of construction of the Project in all respects in accordance with the provisions of this Agreement;. xiiixi. Furnish operational and other information as and when requested for by NRDA, within a reasonable time; xivxii. Meet all the costs of operation, maintenance and repairs of the Project or any part thereof; as per the provisions of this agreementAgreement; xvxiii. Maintain the Project in accordance with the Good Industry Practice with the objective of providing adequate service standards and ensuring that the Project to be transferred to the NRDA/buyers/members upon expiry of the Development Period are in good condition, normal wear and tear excepted; xiv. Pay taxes and duties as per applicable lawsApplicable Laws; xv. Disclosure of the relevant information to the perspective buyers of the housing stock created under this agreement; xvi. Procure The Lessee shall ensure at all times that it has all equipment and facilities comprising the Multipurpose Modern Warehouse are operated and maintained in accordance with requisite Approvals, Applicable Permits as may be required for the Specifications and Standards, Maintenance Requirements, Safety Requirements and Good Industry Practice; xvii. To adhere to the list of prohibited activities listed in SCHEDULE – IVProject.

Development Phase. In addition to any of its other obligation under this Agreement, during the development phase, the Lessee shall i. In accordance with the Project Schedule commence and complete the Project to the satisfaction of NRDA. ii. To strictly comply with the timelines and stages mentioned in the Development Milestone clause no (1.2)2.2) above and elsewhere in this Agreement iii. Subject Entrust responsibility for Project management and construction to and on professionally competent Person having skill, technical experience or qualification required to fulfil the terms and conditions of obligations under this Agreement, the Lessee shall, at its own cost and expense, procure finance for and undertake the design, engineering, procurement, construction, operation and maintenance of the Multipurpose Modern Warehouse and observe, fulfil, comply with and perform all its obligations set out in this Agreement or arising hereunder. iv. Obtain all necessary Approvals from all the statutory authorities, and such other Approvals and Applicable Permits as may be needed during the construction/operation of the Project; v. The Lessee shall Prepared Prepare a concept plan for the Project layout and DPR including project cost estimatesbuilding plan, including the area statement, block drawings, schedule of construction with financial and physical progress, details of services to be so provided and as incorporated in the concept plan as per the applicable Local Building Bye laws, Norms of Naya Raipur Development Plan 2031 and other applicable laws Applicable Laws and submit to the Authority for its approval, whereby meeting all the requirements mentioned herein, apart from all other requirements of this Agreement in the DPRAgreement; v. The Lessee shall comply with all Applicable Laws and Applicable Permits (including renewals as required) in the performance of its obligations under this Agreement. vi. Save and except Ensure to obtain approval as otherwise provided per clause 2.2 mentioned in this Agreement or Applicable Laws, as the case may be, the Lessee shall, in discharge of all its obligations under this Agreement, conform with and adhere to Good Industry Practice at all times.; vii. Entrust responsibility for Project management and construction to professionally competent Person. viii. obtain all necessary Approvals from all the statutory authorities, and such other Approvals and permits as may be needed during the construction/operation of the Project as per applicable laws; ix. To ensure that the Project Site (Encroachment free plot provided by NRDA)remains NRDA) remains free from all encroachments and the Lessee shall take all necessary measures to remove encroachments, if any; x. viii. Comply with Applicable Laws at all times and ensure that the Contractor or Person, if any, engaged by it comply with the Applicable Laws and give priority to safety in its construction and planning activities as may be required by Applicable Laws or otherwise in order to protect life, health, property and environment.; xiix. Provide to the representative(s) of the NRDA, at any time access to the Project Land to review progress in construction and operation of Project and to ascertain compliance with any of the requirement of this Agreement.; xii. x. Promptly carry out at its cost such further works within the specified timelines as may be necessary to remove any defects or deficiencies observed by the Steering Group and NRDA’s representative to ensure completion of construction of the Project in all respects in accordance with the provisions of this Agreement;. xiiixi. Furnish operational and other information as and when requested for by NRDA, within a reasonable time; xivxii. Meet all the costs of operation, maintenance and repairs of the Project or any part thereof; as per the provisions of this agreementAgreement; xvxiii. Maintain the Project in accordance with the Good Industry Practice with the objective of providing adequate service standards and ensuring that the Project to be transferred to the NRDA/buyers/members upon expiry of the Development Period are in good condition, normal wear and tear excepted; xiv. Pay taxes and duties as per applicable lawsApplicable Laws; xv. Disclosure of the relevant information to the perspective buyers of the housing stock created under this agreement; xvi. Procure The Lessee shall ensure at all times that it has all equipment and facilities comprising the Multipurpose Modern Warehouse are operated and maintained in accordance with requisite Approvals, Applicable Permits as may be required for the Specifications and Standards, Maintenance Requirements, Safety Requirements and Good Industry Practice; xvii. To adhere to the list of prohibited activities listed in SCHEDULE – IVProject.

Development Phase. In addition to any of its other obligation under this Agreement, during the development phase, the Lessee shall i. In accordance with the Project Schedule Schedule, commence and complete the Project to the satisfaction of NRDA. ii. To strictly comply with the timelines and stages mentioned in the Development Milestone clause no (1.2) iii. Subject to and on the terms and conditions of this Agreement, the Lessee shall, at its own cost and expense, procure finance for and undertake the design, engineering, procurement, construction, operation and maintenance of the Multipurpose Modern Warehouse and observe, fulfil, comply with and perform all its obligations set out in this Agreement or arising hereunder. iv. The Lessee shall Prepared a concept plan for the Project and DPR including project cost estimates, including the area statement, block drawings, schedule of construction with financial and physical progress, details of services to be so provided and as incorporated in the concept plan as per the applicable Local Building Bye laws, Norms of Naya Raipur Development Plan 2031 and other applicable laws and submit to the Authority for its approval, whereby meeting all the requirements mentioned herein, apart from all other requirements of this Agreement in the DPR; v. The Lessee shall comply with all Applicable Laws and Applicable Permits (including renewals as required) in the performance of its obligations under this Agreement. vi. Save and except as otherwise provided in this Agreement or Applicable Laws, as the case may be, the Lessee shall, in discharge of all its obligations under this Agreement, conform with and adhere to Good Industry Practice at all times. vii. Entrust responsibility for Project management and construction to professionally competent Person. viiiiii. obtain all necessary Approvals from The Lessee shall be responsible for obtaining at his/her cost all the statutory authoritiesapprovals/permits/license/permission including diversion of the land as required for construction, development works and such other Approvals and permits as may be needed during the construction/operation of the Project as per applicable laws;project ixiv. To ensure that the Project Site (Encroachment free plot provided by NRDA)remains free from all encroachments and the Lessee shall take all necessary measures to remove encroachments, if any; x. Comply with Applicable Laws and give priority to safety in its construction and planning activities in order to protect life, health, property and environment. xiv. Comply with and adhere to Biomedical Waste (Management and Handling) rules 1998 for managing and handling biomedical waste vi. Provide to the representative(s) of the NRDA, at any time access to the Project Land to review progress in construction and operation of Project and to ascertain compliance with any of the requirement of this Agreement. xiivii. Promptly carry out at its cost such further works as may be necessary to remove any defects or deficiencies observed by the Steering Group and NRDA’s representative to ensure completion of construction of the Project in all respects in accordance with the provisions of this Agreement. xiiiviii. Furnish operational information as and when requested for by NRDA, within a reasonable time xivix. Meet all the costs of operation, maintenance and repairs of the Project or any part thereof; as per the provisions of this agreement xvx. Maintain the Project in accordance with the Good Industry Practice with the objective of providing adequate service standards and ensuring that the Project to be transferred to the NRDA/buyers/members upon expiry of the Development Period are in good condition, normal wear and tear excepted; xi. Comply with and adhere to the latest amended National Building Code of India, other relevant IS Codes and practices, Development Control Rules, FAR Limits, statutory requirements, guidelines and approvals of the Nodal Agency, laws of land, the principles of Good Industry Practices, the IPHS and the minimum standard laid down by the NABH, NABL and any other norms as applicable from time to time. xii. Comply with the guidelines issued by the State Health Department and obtain the necessary approvals. xiii. Pay taxes and duties as per applicable laws xiv. At all times lessee shall reserve beds minimum 5 % in IP Department and minimum 10 % of total OPD services to the BPL Patients enrolled under RSBY & MSBY for BPL patients under RSBY & MSBY as per clause 2.2 (B)of this Agreement xv. Lessee shall maintain separate records of services provided to BPL Patients xvi. Procure that all equipment Lessee shall obtain and facilities comprising the Multipurpose Modern Warehouse are operated maintain Minimum Standards and maintained in accordance with the Specifications and Standards, Maintenance Requirements, Safety Requirements and Good Industry Practice;Accreditations set forth under clause 2.2 (C) of this agreement xvii. To adhere During the lease period, Lessee shall protect the Site from any and all occupations, encroachments or Encumbrances, and shall not place or create nor permit any Contractor or other person claiming through or under the Lessee to place or create any Encumbrance or security interest over all or any part of the Site or the Project Assets, or on any rights of the Lessee therein or under this Agreement, save and except as otherwise expressly set forth in this Agreement. xviii. Disclosure of the relevant information to the list perspective buyers of prohibited activities listed in SCHEDULE – IVthe housing stock created under this agreement.