Plot definition
Examples of Plot in a sentence
The Company may upon forfeiture of the Licence under the foregoing clause 11 require the Licencee to sell its Share in accordance with the terms of the Articles and the Company shall grant a new licence of the Licensed Plot upon substantially the same terms as this Licence to the person acquiring the Licencee's Share.
The Licencee shall be obliged to assign this Licence over the Licensed Plot to the transferee of its Share in the Company in accordance with the provisions of the Company’s Articles.
If thought necessary by the Company to create, install and maintain a borehole or boreholes on the Licensed Plot at such locations as is agreed to by the Licencee and the Other Licencees at a cost to be shared equally held by all Licencees and the Company.
The Licencee is granted the right: to the non-exclusive use and occupation of the Licensed Plot.
The Company has agreed to grant the Licencee a licence over the Licensed Plot (as such terms are hereinafter defined) pursuant to the Articles of Association of the Company on the following terms and conditions.