Limitation & exclusions to the Grant Sample Clauses

Limitation & exclusions to the Grant. 8.2.1 The Parties recognize and agree that nothing contained in the Agreement shall be constructed to constitute a transfer of the title to or any ownership rights in the Project Land, the Assets or the Project Utilities developed thereupon in favour of the Developer. The Developer shall not, at any time during the Term, assert any ownership rights and/or lease rights over the Project Land or the Assets and Project Utilities developed thereupon, and/ or any other interests in the Project Land (save and except the Lease Rights to the Commercial Development Assets as set out under the Agreement), and/or any built-up structures and all other assets erected on the Project Land and/or shops etc., in /at the Station. Further the Lease Rights granted to the Developer in respect of the Commercial Development Assets shall be incapable of conversion into freehold rights. It is further clarified that Developer will have only license to operate the shops / kiosk / commercial areas / outlets in / at the Station subject to and as per terms of the Agreement and Station Facility Management Agreement.
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Limitation & exclusions to the Grant. (i) The Parties recognize and agree that nothing contained in the Agreement shall be constructed to constitute a transfer of the title to the Project Land, the Assets or the Project Utilities developed thereupon in favour of the Developer. The Developer shall not, at any time during the Term, assert any ownership rights over the Project Land or the Assets and Project Utilities developed thereupon, and/ or any other interests in the Project Land (save and except the Lease Rights to the Site as set out under the Agreement), and/or any built-up structures and all other assets erected on the Project Land. Further the Lease Rights granted to the Developer in respect of the Site shall be incapable of conversion into freehold rights.
Sample 1

Related to Limitation & exclusions to the Grant

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