SSCL definition
Examples of SSCL in a sentence
If within 15 days if there is no response then SSCL shall have the right to issue disconnection notice.
In case of a serious accident caused due to negligence of the Licensee, resulting in injury, death to commuters or SSCL employees or loss to SSCL property, it shall constitute a material breach of contract and be considered Licensee’s event of default that shall entitle SSCL to terminate the License Agreement with 30 days written notice.
Any development made by the Licensee on the Licensed Space(s) shall be deemed to be the property of SSCL and all the rights of the Licensee in the Licensed Space(s) shall be relinquished in the favor of SSCL.
The Licensee shall indemnify and keep indemnified SSCL for any losses/ penalties on this account levied by any judicial/statutory authorities/courts.
SSCL /Licensor may inspect the Project Site and project facilities at any time for its own assessment of the compliance by the Licensee with its maintenance obligations under this Agreement.
Only after such covenants are incorporated in the sub-license agreement, the Licensee shall be entitled to enter into sub-license agreement and shall be required to submit copies of each such sub-license to SSCL for verification and record.
Agreement without the prior written consent of SSCL/Licensor; Provided that SSCL /Licensor shall give to the Licensee 30 days’ time to cure the default prior to considering the events specified therein as Licensee’s events of default and in the event the Licensee remedies the default to the satisfaction of the SSCL/Licensor within 30 days, the event will not be considered as a Licensee Event of Default.
The Licensee shall be liable for and shall indemnify, protect, defend and hold harmless SSCL, SSCL’s officers, employees and agents from and against any and all demands, claims, suits and causes of action and any and all liability, costs, expenses, settlements and judgments arising out of the failure of the Licensee to discharge its obligations under this clause and to comply with the provisions of Applicable Laws and Applicable Permits.
Movable or immovable assets created by the Licensee shall vest with SSCL/ Licensor in case of termination.
SSCL reserves the sole right not to give consent /approval to such a request and no compensation or claim will be entertained in this regard.