Common use of LICENSED SITE Clause in Contracts

LICENSED SITE. 4.1.1. Subject to and in accordance with the terms and conditions set forth in this Agreement, and in particular subject to the due fulfilment of all the obligations assumed towards SSCL by the Licensee, SSCL hereby grants and authorizes the Licensee to the following (the “Specified Purpose”): a) To have access to licensed space(s) during the License Period, develop, finance, commission, operate, manage and maintain the licensed space(s) during the License Period at the cost and risk of the Licensee. Any development made by the Licensee on the Licensed Space(s) shall be deemed to be the property of SSCL and all the rights of the Licensee in the Licensed Space(s) shall be relinquished in the favor of SSCL. 4.1.2. The actual area of license space (Total Built-up Area) shall be decided based on the as-built drawing issued during the handover/takeover stage, and the decision of the Licensor shall stand final. The Licensee voluntarily and unequivocally agrees not to seek any claim compensation or any other consideration on this account. In case there is any variation between the total built-up area as mentioned in the bid document and the actual area of handover, the License Fee shall be adjusted on a pro-rata basis accordingly. 4.1.3. The Licensee, subject to complying with the terms and conditions of this Agreement, shall have the use of the Site during the License Period in accordance with the terms of this Agreement and limited for the purposes mentioned in Annexure - 1. The Licensee shall not use the site or the project facility for any other purpose. However, if the Licensee intends to utilise the licensed space for any other purpose other than what is mentioned in Annexure - 1 is subject to the approval of SSCL. Also, the licensee hereby accepts unconditionally and unequivocally that this shall not limit any liability or responsibility or be a cause to seek any penalty, damages or charges in any form or to seek extension of due dates for payments by the licensee. 4.1.4. The Licensee shall confine its operations to the Project Site. The Licensee shall take all necessary precautions to keep persons and equipment within such areas and to keep and prohibit them from encroaching, damaging or degrading or affecting adversely the neighbouring/SSCL/Licensor areas or otherwise causing any interference to the employees, representatives and agents of SSCL/Licensor & Neighbouring party. 4.1.5. If there is a non-compliance of the above observed by SSCL/Licensor, SSCL/Licensor shall issue a notice to rectify the non-compliance within a stipulated time. If the noncompliance is not rectified within the stipulated time, an appropriate fine for each infringement shall be imposed by SSCL/Licensor, along with additional time for rectification of such infringement. 4.1.6. The Licensee is required to introduce and observe at all times, appropriate measures for safety, security and orderliness on the premises granted to the Concessionaire/Licensee. The Licensee shall also submit the necessary safety policy which will be submitted to SSCL/Licensor for verification.