The Intending Clause Samples
The Intending. LESSEE shall not, except as provided in Clause 10, directly or indirectly sell, assign, mortgage, sublet or underlet, or otherwise transfer fully or in part, the Project or the Schedule Property or its interests therein or transfer the possession of the Schedule Property either wholly or partially, to any Person (legal or natural) during the subsistence of Agreement to Lease. However, the Intending LESSEE shall be entitled to sublease or assign its leasehold interest in the Schedule Property upon obtaining prior consent in writing from the LESSOR and upon compliance of the following conditions to the satisfaction of the LESSOR:
The Intending. LESSEE shall abide with the Amaravati Land Allotment Policy - Rules, Regulations and Standing Orders 2016 and also abide by any other terms & conditions as may be communicated by the LESSOR from time to time. In case any question/doubt arises on the allotment under this Agreement, the decision of the LESSOR shall be final and binding on the Intending LESSEE.
The Intending. LESSEE agrees and understands that if the possession of the Schedule Property as above is not given by the Intending LESSEE, the LESSOR shall be entitled to approach the appropriate authority /Court for the resumption of possession of the Schedule Property and any structures thereon, under the laws in force.
The Intending. LESSEE/LESSEE undertakes and agrees to pay/refund the LESSOR any further amount or dues as may be notified by the LESSOR, in case the LESSOR is finally obliged to pay any higher sum towards development charges and payment of enhanced compensation towards the cost of acquisition of the land / enhancement in the cost of the land under the said Development Agreements, during the Lease Period or its renewal thereof, without any demur or protest by the Intending LESSEE/LESSEE.
The Intending. LESSEE undertakes that as and when the Schedule Property is no longer required by the Intending LESSEE for the aforesaid Project/Purpose, the Intending LESSEE shall forthwith relinquish and surrender the land in favour of the LESSOR, and in the event of such surrender, the LESSOR is not obligated to refund the cost of the Schedule Property paid by the Intending LESSEE. In the event of cancellation/ resumption of the Schedule Property allotted/leased, the payments made by the Intending LESSEE shall stand forfeited, including the EMD amount, towards the use and occupation of the Schedule Property. However the LESSOR may, at its option, consider the refund of the amounts paid by the Intending LESSEE subject to the deductions and other terms and conditions.
The Intending. LESSEE undertakes to inform the LESSOR the details of finance(s) raised on the security of the Schedule Property from time to time till the loan(s) is/are repaid to the financial agencies/lenders by the Intending LESSEE. It shall be mandatory for the LESSEE to ensure that the financial agency/bank/lender which finances to the Intending LESSEE on the security of the Schedule property, shall inform the LESSOR the details of finance(s) from time to time till the loan(s) is/are repaid by the LESSEE and also comply the terms & conditions of NOC, if any, issued by the LESSOR on the request of the Intending LESSEE and the Banker / Financing agency, above stated. The LESSEE shall obtain written permission of the LESSOR before subjecting the Schedule Property to any mortgage or encumbrances whatsoever.
The Intending. LESSEE undertakes and covenants to keep the buildings and all additions, there to and boundary walls thereof and the drains, soil and other pipesand sanitary and water apparatus and appurtenances thereof in good and running condition during the Lease Period.