Mortgaging a) The SPD shall not transfer, assign, let, underlets, sublet, license, mortgage, charge, encumber or part with the possession of the Demised Premises or any part thereof or any interest therein without prior permission of GPCL.
Mortgaging. The SPD shall not transfer, assign, let, underlets, sublet, license, mortgage, charge, encumber or part with the possession of the Demised Premises or any part thereof or any interest therein.
Mortgaging. The SPD shall not transfer, assign, let, underlets, sublet, license, mortgage, charge, encumber or part with the possession of the Demised Premises or any part thereof or any interest therein without prior permission of APSPCL. For the purpose of constructing the Plant on the Demised Premises, if the SPD intends to obtain loan from a bank or other financial institutions by mortgaging their lease hold interest in the Demised Premises in favor of such bank or institution, prior permission of APSPCL shall be obtained. However, such mortgage shall not affect the rights and powers of APSPCL under this Agreement. Right of Access to APSPCL/other authorities APSPCL and/or the authorized persons of APSPCL shall have the right to access into Demised Premises, with prior intimation to the SPD, for the purpose of discharging its obligations including inspection to ensure compliance of terms and conditions of this agreement by SPD. Right of APSPCL to Audit The SPD shall permit conducting of an audit if deemed required to confirm whether the SPD has been in due compliance of all the provisions of the Electricity Act, 2003, Solar Power Policy framed by the Government of AP, the PPA, policies framed by APSPCL, or any other applicable rule / law / regulation. The SPD shall also ensure that answer to any query raised in this audit and/or any document/information required by the auditor is provided within reasonable time. Fencing The SPD shall Fence the demarcated boundary of the Demised Premises at the SPD’s own expense in every respect. Metering Metering shall be at 33kV side of 220/33kV substation where the power from the solar power project is injected and at the 220 kV Side of 400/220kV substation of STU i.e., APTRANSCO. A set of Main and Check Meters and also Stand by Meter of 0.2S accuracy class and its associated equipment, as per CEA (Installation & operation of meters) Regulations 2006/IEGC as applicable, shall be procured and installed by SPD on each incoming feeder at 33KV side of 33/220kV Pooling Station based on specifications & make provided by APSPCL. Another set of Main and Check Meters and also Stand by Meter of 0.2S accuracy class, as per CEA (Installation & operation of meters) Regulations 2006/IEGC as applicable, shall be Procured and installed by STU i.e., APTRANSCO on each incoming feeder at 220KV side of 400/220kV Grid Sub Station (Interconnection point) of STU i.e., APTRANSCO. The cost of providing Main and Check Meters and also Stand by Meter and it...
Mortgaging. Except as otherwise provided herein, Tenant, for itself, its heirs, distributees, executors, administrators, legal representatives, successors and assigns, expressly covenants that it shall not mortgage, hypothecate, pledge or otherwise encumber this lease without the prior written consent of Landlord in each instance.
Mortgaging. The Tenant will not mortgage or charge its leasehold interest in the Premises, fixtures, chattels, furniture, or equipment, without the Landlord's consent.
Mortgaging. Lessee may not mortgage or otherwise encumber its interest in the Demised Premises or the improvements thereon unless approved in writing by Lessor.
Mortgaging. Tenant shall not be entitled to mortgage, pledge, grant deeds of trust, or otherwise encumber Tenant’s leasehold interest under this Lease, or to assign, hypothecate or pledge the same as security for any debt without Landlord’s prior written consent. Any attempted mortgage or encumbrances by Tenant of Tenant’s leasehold interest herein without Landlord’s prior written consent shall be null and void.
Mortgaging. ASSIGNING, SUB-LETTING BY TENANT: Tenant agrees not to mortgage, to pledge or to encumber, the said premises, in whole or in part, without first obtaining written consent of the Landlord, which consent may be unreasonably withheld. Tenant agrees not to assign or to sub-lease the said premises, in whole or in part, without first obtaining written consent of the Landlord, which consent shall not be unreasonably withheld or delayed. In the event that Landlord shall give consent to a Mortgage, Pledge, or Encumbrance of Tenant's leasehold interest, Tenant will, nevertheless, remain liable for the performance of all of the terms, covenants and conditions of this Lease, including but not limited to, the payment of rent; further, each Sub-Lease Agreement shall state on its face that it is subject and subordinate to the terms of this Lease.
Mortgaging. Section 11.01. Except as otherwise expressly provided in this Lease, Tenant shall not, whether voluntarily, involuntarily or by operation of law or otherwise assign or otherwise transfer this Lease or the estate and term hereby granted, sublet or suffer or permit the Demised Premises or any part thereof to be used, occupied or utilized by anyone other than Tenant, or mortgage, pledge, encumber or otherwise hypothecate (any of which shall be referred to as a "mortgaging") this Lease or the Demised Premises or any part thereof in any manner whatsoever without, in each instance, obtaining the prior written consent of Landlord. The consent by Landlord to any assignment or subletting or mortgaging shall not in any manner be construed to relieve Tenant (or any assignee or sublessee) from obtaining Landlord's express written consent to any other or further assignment or subletting or mortgaging. In no event shall any permitted sublessee assign or encumber its sublease or further sublet all or a portion of its sublet space, or otherwise suffer or permit the sublet space or any part thereof to be used or occupied by others without Landlord's prior written consent in each instance.
Mortgaging. The Municipality may mortgage all or any part of the Project and may assign its interest in and pledge the Lease and all moneys receivable under the Lease to the Trustee pursuant to the Indenture as security for payment of the Bonds. Each such mortgage, assignment or pledge shall be subject and subordinate to the Lease and this Sublease.
