Professional Documents
Culture Documents
36
(PLOT)
(hereinafter referred to as The Licensee which expression shall, unless the context does not so admit, include thir
successors and assigns) of the second part and Shri. M/s.........................
(hereinafter referred to as The transferree which expression shall, unless the context does not so admit, include his /
its sucessors and assigess) of the third part.
Having been allotted to the Licensee, has exeuted the lease dead on.
(hereinafter referred to as The said Licence Agreement ) and the occupled the said plot on the terms and conditions
speclfied in the said licence agreement.
AND WHEAREAS with the previous consent of the corporation, as conveyed to the licensee under letter No.
.Dtd. the
Licensee has transferred his interest under and benefits of the said licence Agreement to the Transferree by a DEED OF
ASSIGNMENT on Dtd made between the
And WHEREAS the Corporation has given the aforesaid consent on condition that the transferree shall
execute an agreement with the corporation accepting the terms and conditions of the said licence Agreement .
NOW THEREFORS It is hereby agreed by and between the parties hereto as under
(1) The transferree as successors of the licensee accepted the terms and conditions of the said licence agreement
And undertakes to full fill the said terms and conditions.
(2) The transferree shall pay to the Corporation the outstanding capital value of RS
With interest at the rate of 18% per annum. The payment will be made by .
Quarterly / half yearly installment each installment being of Rs. .........
+ interst. The first installment will become due on . And suoesequent installment
Will be paid at the inversal of three/ six months there after.
(3) With effect from the rights and libities of the Licensee under. The licensee Under the
said license agreement shall be the right and liablities of the transferree and said licence Agreement shall be
read and constructed as if for words m/s . shri. ..................................................
the words M/s. shri
..........where substifuted.
(4) And whereas the transferer shall consume water for his unit of following rales from year to year
With effect date____________________________________________
Year Consumption per day (Liters)
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__________________________________________________________________________________________
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ONWARDS
__________________________________________________________________________________________
For the water requirement of more than 50,000 Lit/day, even if he falls to consume water to the extent
mentioned above. He would pay water charges for the quantity equal to 70% of the above-agreed quantity
irrespective of consumptior.the water charges would be payable at the rates as may be fixed by the cororation
frm time to time and on his failure to pay the minimum charges, the agreement would be terminated.
(1)
(2)
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