Common use of Lease Period Clause in Contracts

Lease Period. a. This Land Sub Lease Agreement shall be for useful life of the plant i.e. 25 years from the date of obtaining concurrence from KERC on the draft PPA with provision for further extension on terms and conditions mutually agreed upon by both the parties in writing. In case of termination of existing PPA and/ or Implementation & Support Agreement for the reasons attributable to SPD, this Agreement stands terminated automatically in accordance with the provisions of Article 11 & 12 of this Agreement.

Lease Period. a. 1. This Land Sub Lease Agreement shall be for useful life of the plant i.e. 25 years from the date of obtaining concurrence from KERC on commercial operation of the draft PPA project with provision for further extension on terms and conditions mutually agreed upon by both the parties in writing. In case of termination of existing PPA and/ or Implementation & Support Agreement for the reasons attributable to SPD, this Agreement stands terminated automatically in accordance with the provisions of Article 11 & 12 of this Agreement.

Lease Period. a. This Land Sub Lease Agreement shall be for useful life of the plant i.e. 25 years from the date of obtaining concurrence from KERC on the draft PPA with provision for further extension on terms and conditions mutually agreed upon by both the parties in writing. In case of termination of existing PPA and/ or Implementation & Support Agreement/Principal Land Lease Agreement for the reasons attributable to SPD, this Agreement stands terminated automatically in accordance with the provisions of Article 11 & 12 of this Agreement.

Lease Period. a. This Land Sub Lease Agreement shall be for useful life of the plant i.e. 25 years from the date of obtaining concurrence from KERC on commercial operation of the draft PPA project with provision for further extension on terms and conditions mutually agreed upon by both the parties in writing. In case of termination of existing PPA and/ or Implementation & Support Agreement for the reasons attributable to SPD, this Agreement stands terminated automatically in accordance with the provisions of Article 11 & 12 of this Agreement.

Lease Period. a. This Land Sub Lease Agreement shall be for useful life of the plant i.e. 25 years from the date of obtaining concurrence from KERC on the draft PPA PPA1 with provision for further extension on terms and conditions mutually agreed upon by both the parties in writing. In case of termination of existing PPA and/ or Implementation & Support Agreement for the reasons attributable to SPD, this Agreement stands terminated automatically in accordance with the provisions of Article 11 & 12 of this Agreement.

Lease Period. a. This Land Sub Lease Agreement shall be for useful life of the plant i.e. 25 years from the date of obtaining concurrence from KERC on commercial operation of the draft PPA project with provision for further extension on terms and conditions mutually agreed upon by both the parties in writing. In case of termination of existing PPA and/ or Implementation & Support Agreement for the reasons attributable to SPD, this Agreement stands terminated automatically in accordance with the provisions of Article 11 & 12 of this Agreement.