Hotel Plot definition
Examples of Hotel Plot in a sentence
During the Term, the Lessee shall have leasehold rights in respect of the Hotel Plot and subsequently the Hotel Premises, as applicable.
The Lessee shall bear pay and discharge all existing and future amounts, duties, imposing and outgoing of whatsoever taxes imposed or charged upon the Hotel Plot and Hotel Premises or upon the occupier in respect thereof from the Execution Date.
Subject to the terms of this Lease Deed, the Lessor shall handover the possession of the Hotel Plot within 30 (thirty) days from the Execution Date and the Lessee shall accept such possession with immediate effect along with the execution and delivery of a possession letter by the Parties (“Possession Letter”).
In the event that the FAR or ground coverage of this Hotel Plot stands increased for any reason whatsoever, the Lessor shall have the sole right with respect to the increased FAR and the Lessee will claim no right or benefit there from.
The Lessee confirms to the Lessor it has inspected the Hotel Plot and fully understands and comprehends the requirements of the Hotel Plot being taken on lease and the Project.
The Lessor shall not be responsible to carry out any construction or development at Hotel Plot, make any improvements or carry out any changes of any kind whatsoever at the Hotel Premises and the Lessee shall solely be responsible for all works required to be carried out at the Hotel Premises, at its own cost, expenses, risk and liability.
The Lessee expressly agrees and undertakes that the Hotel Plot shall be utilized exclusively for the purpose set-forth in the RFP Documents and that no change shall be made without the written sanction of the Lessor.
Upon completion of construction and development of the Hotel Premises in terms of the sanction building plans and other Applicable Permits, any re-construction or re-development on the Hotel Plot during the Term, may only be permitted with the prior written consent of the Lessor.
This Sample forrmat for Development Agreement exchange a Hotel Plot point be used for Development Agreement amount a rapid or development.
Upon completion of construction and development of the Hotel Premises in terms of the sanction building plans and other Applicable Permits, any re‐construction or re‐development on the Hotel Plot during the Term, may only be permitted with the prior written consent of the Lessor.