Common use of The Project Site Clause in Contracts

The Project Site. 10.1.1 The site of the Project shall comprise of land described in Schedule-1 and in respect of which the Right of Way shall be provided and granted by ULB to the Concessionaire as a licensee under and in accordance with this Agreement (the “Project Site”). In addition, ULB shall also provide and grant the Concessionaire the exclusive right to use the Existing Assets. It is made clear that the Concessionaire shall only have the rights of licensee i.e. right to use the Project Site and the Existing Assets for development of the Project under this Agreement and no right, title or interest in the Project Site and the Existing Assets are transferred or to be transferred in favour of Concessionaire under any circumstance.

The Project Site. 10.1.1 4.1.1 The site of the Project shall comprise of land described in Schedule-1 Schedule-A and in respect of which the Right of Way shall be provided and granted by ULB to the Concessionaire as a licensee under and in accordance with this Agreement (the “Project Site”). In addition, ULB shall also provide and grant the Concessionaire the exclusive right to use the Existing Assets. It is made clear that the Concessionaire shall only have the rights of licensee i.e. right to use the Project Site and the Existing Assets for development of the Project under this Agreement and no right, title or interest in the Project Site and the Existing Assets are transferred or to be transferred in favour of Concessionaire under any circumstance.