Common use of NAVIGATIONAL AIDS Clause in Contracts

NAVIGATIONAL AIDS. The Company shall install in such location or locations within the Development Area such navigational aids approved of by the Minister for Transport as to design, specification and location, as may be reasonably required by the Minister for Transport for safe navigation into and from the Harbour, and shall transfer to and vest in the Minister for Transport all such navigational aids and, where such navigational aids are land based, the land upon which they stand if it is owned by the Company, and provide a right of way over such portions of land owned or leased by the Company abutting in the vicinity of that area or those areas as is necessary to allow the Minister for Transport access to any such land based navigational aid, and shall allow any leasehold land upon which such land based navigational aids are based to be excised from any lease held by the Company as lessee, at no cost to the State or any instrumentality or authority of the State.