Lease Deed Panchkula
Lease Deed Panchkula
THIS LEASE DEED (the "Lease Deed") is entered and executed at Panchkula on this ______ day
of ______, 2023 ("Lease Commencement Date") amongst:
(1) Mrs. Kamla Kanwar, W/o Late General N.S. Kanwar & Mr. Digvijay Singh S/o Late General N.S.
Kanwar , R/o __________ (hereinafter referred to as the "Lessors" which expression shall unless repugnant
to the context or meaning thereof be deemed to mean and include his legal heirs, legal representatives,
executors, trustees, legatees, successors and permitted heirs and assigns);
AND
M/s. Star Dental Centre Private Limited, a company incorporated under the Companies Act, 1956 and
having its registered office at DLTA Complex, R.K. Khanna Tennis Stadium. No.l, Africa Avenue, New
Delhi - 110029 (hereinafter referred to as the “Lessee” which expression shall unless repugnant to the
context or meaning thereof, be deemed to mean and include their affiliates, successors in business,
executors and assigns) through Mr. Tikky Singh duly authorized by the Lessee to execute this Lease Deed..
The Lessor and Lessee shall be individually referred to as “Party” and collectively as “Parties”.
WHEREAS:
A. The Lessee is engaged in the business of providing dental care services through a chain of dental
clinics under the name and style of "Clove Dental" across India ("Business").
B. The Lessors are the joint and absolute co-owners of property Commercial site No. 1- SCO No. 11
(1 Kanal Pocket), Amravati Enclave, situated at villages Bhagwanpur and Islamnagar Tehsil
Kalka, District, District Panchkula, Haryana, admeasuring approx. 600 Sq. Ft. at 1 st Floor which
is the subject matter of property of this lease deed (hereinafter called as the “Premises”).
C. The Lessors have at the request of the Lessee, agreed to let out the Premises, to the Lessee for use
by the Lessee for operating dental clinic, residence of doctors, dental laboratory and/or all allied
purposes and other health care and office use purposes, for a period of six (6) years commencing
from the Lease Commencement Date on the terms and conditions set out below
D. The Lessee has agreed to take on lease from the Lessor the Premises on and subject to the
covenants and conditions set out hereunder:
NOW THIS LEASE DEED WITNESSES AND IT IS HEREBY AGREED BY AND
BETWEEN THE PARTIES HERETO AS FOLLOWS:-
I. Definitions:
In this Lease Deed, unless the context otherwise requires or admits, the following
expressions shall have the meaning assigned to them respectively herein below.
1.1. "Applicable Laws" means and includes any applicable central, state or local law, statute,
ordinance, rule, regulation, code, bye-law, government order or direction, judgment,
decree or order of a judicial or a quasi-judicial authority;
1.3. “Fit-out” means the fixtures, fittings, electrical devices, technology and other equipment,
systems, furniture, partitions, temporary walls and false ceilings, etc. installed by the Lessee in
the Premises, whether fixed or otherwise, to make it suitable for its use.
1.4. "Initial Lease Period' shall have the meaning assigned to that expression in clause
2.1.1;
1.5. "Lease Deed' means this Lease Deed for the Premises, as amended from time to time by
mutual consent of the Parties in writing and shall include all its Schedules;
1.6. "Lease Commencement Date" shall have the meaning as ascribed to it under the
leading clause on the first page;
1.7. “Lease Rent-Free Period” shall have the meaning assigned to that expression in clause
2.5.1;
1.8. "Lessee's Affiliates" means and includes Lessee's parent, subsidiary, associate
companies and firms, and their related parties, their business associates, and any third
party as may be approved by the Lessee and shall include (a) such other entity or
entities, which is or are directly and/or indirectly associated with the Lessee and/or its
Affiliates; (b) such other entity or entities, which is or are incorporated or established
after the date of this Lease Deed, (c) such other entity or entities, with which the Lessee
or its Affiliate entity or entities or its or their business or any part thereof may merge; (d)
such entity or entities resulting from carrying out any corporate or business restructuring
or merger or demerger or scheme of arrangement by the Lessee or its Affiliates, and
"Lessee's Affiliate" shall mean any one of them;
2.1.1. In consideration of the Lease Rent herein reserved and covenants and conditions
herein contained, the Lessor hereby grants and demises unto the Lessee by way of
lease, the Premises for a period of six (6) years commencing from the Lease
Commencement Date (the "Initial Lease Period”)
together with all appurtenances thereof and all the fixtures and fittings attached to the Premises,
and with full right and liberty to the Lessee to occupy, use and enjoy the Premises, with
right to the Lessee, its employees, agents, customers and visitors to use, in common
with the Lessor and other tenants or occupants of the Building and all persons entitled
thereto, the staircases, common passages, compound, entrances (including main
entrance) and other conveniences and common areas and facilities appurtenant to the
Premises and to the Building, and such other appurtenances in common with the Lessor
and other tenants or occupants (Collectively, referred to as "Common Areas") for the
full and proper enjoyment of the Premises.
2.1.2. The Lessee shall have an option to renew the lease for a further period commencing from
expiration of the Initial Lease Period, on the same terms and conditions as set forth
herein, except that the Lease Rent payable for the renewed term of the lease shall be
finalized by mutual agreement of the Lessor and the Lessee. In the event the Lessee
elects to exercise its option to renew the lease, the Lessee shall communicate the same by
issuing notice in writing to the Lessor, at least three (3) months prior to expiry of the
Initial Lease Period. In case the renewal notice is not received by the Lessor by the due
date specified herein, the Lessor shall give an advance notice of fifteen (15) days to the
Lessee giving an opportunity to the Lessee to renew the lease period, before the Lessor
makes any commitment to, or enters into a binding agreement with, any third party, for
granting: (a) lease or leave and license with respect to, or (b) any other right to use, the
Premises. In the event the Parties agree to renew the lease period the Parties shall execute
a fresh lease deed or other appropriate instrument to give effect to such renewal of the
lease period.
2.2. Lease Rent: : In consideration of the grant of lease as above, and other rights and privileges
granted and/or agreed to be granted to the Lessee, the Lessee shall pay to the Lessors lease rent
amounting to Rs. 34,500/- per month in the ratio of 50:50 to Mrs. Kamla Kanwar & Mr.
Digvijay Singh respectively (“Lease Rent”), commencing from the Rent Commencement Date.
The Lease Rent is inclusive of property tax, and any and all other taxes, imposts, levies, duties
and outgoings, both present and future, save and except the GST applicable on the Lease Rent
which shall be payable by the Lessee.
a) 1st escalation of 15% shall be applicable post completion of 2 years from Lease
Commencement Date,
b) 2nd escalation of 15% shall be applicable after 3 years from Lease Commencement Date.
The Lessee has paid to the Lessor a sum of Rs 90,000/- as interest free refundable security deposit
("IFRSD") at the time of execution of the Lease Deed.
2.4. 1. The Lessee may stop paying Lease Rent for the last Three (3) months of the Lease
Period, upon service of the notice for termination, so that IFRSD shall be adjusted against
the Lease Rent falling due for payment during the said period. If any portion of the
IFRSD remains unadjusted, the Lessors shall refund the same to the Lessee,
simultaneously with handing over vacant possession of the Premises by the Lessee to the
Lessors, in accordance with the terms of this Lease Deed, subject to deduction of any
undisputed dues from the Lessee to the Lessors, including the sums due unpaid utility
bills and service tax. In the event the Lessors fails to refund the IFRSD, the Lessors shall
be liable to pay interest on the IFRSD amount at the rate of 18 percent per annum from
the date the Lessee offered delivery of vacant possession of the Premises until the entire
amount of IFRSD due and interest due thereon is refunded in full. For the avoidance of
doubt, in the event the Lessors fail to refund the IFRSD due. the Lessee will be entitled to
retain possession of the Premises, without any obligation to pay Lease Rent or
maintenance charges or any other sums to the Lessors, until the entire amount of the
IFRSD due and interest due thereon is refunded.
2.5.1 The Lessors shall deliver vacant possession of the Premises to the Lessee simultaneously on the
Lease Commencement Date. The Lessors shall provide to the Lessee Lease Rent-free period of
Thirty (30) days (“Lease Rent-Free Period”) starting from the Lease Commencement Date
along with provision of all facilities like permanent connection of power supply, water supply,
staircase and working lift (if provided) for Fit-out of the Premises. If there is delay on the part
of Lessors in providing vacant possession of the premises to Lessee (post completion of agreed
civil and other works in the premises) or there is a failure to provide any of the mandatory
requirements because of which clinic cannot function or fit out work gets delayed, the Lease
commencement date along with Lease Rent-free period shall be enhanced by such delay.
2.5.2 The Lessee shall be entitled, at its cost, to carry out Fit-out of the Premises (without
damaging in any way the external structure) including partitions, shelves, screen, racks,
fittings, electric installations, telephone and computer network wiring as may be
required, precision air conditioners and lights and fans and to remove the same.
2.5.3 During the Fit-out period, the Lessor will provide to the Lessee temporary power and
water and access (on a 24x7 basis) to the Premises on payment of such charges as
agreed between the Parties, for carrying out Fit-out of the Premises. During the Fit-out
period, the Lessor shall provide to the Lesser movement of the Lessee's and its
contractors' personnel and for movement of the materials required for carrying out the
Fit-out material. If the Lessor fails to provide such facilities and amenities required by
the Lessee for carrying out the Fit-out of the Premises, the Lessee shall have the right
and be entitled, without prejudice to its other rights and remedies, to extend the Lease
Rent-free Period for the number of days during which such failure to provide facilities
and amenities continues or for the number of days delay caused by such failure in
completion of the Fit-out, whichever period is longer
2.6.1. During the Initial Lease Period, the electricity and water usage charges will be payable by
the Lessee to the appropriate authorities on receipt of bills from the appropriate
authorities, on actuals.
2.7. Usage of the Premises:
2.7.1. The Lessee shall have the right to assign/part with full or part of the Premises to any of
its franchisee, affiliates, successor in interest, business partner etc, in which the Lessee
may have a business interest. The said assignment shall not be construed as subletting of
the Premises by the Lessee. Under no circumstances, Lessee will have an obligation to
pay anything more than the Lease Rent should the Lessee assign/part with, the Premises
to Lessee's Affiliates. The tenure of the assignment shall be for such period as the Lessee
may consider appropriate but in any case, shall not exceed the tenure of this Lease Deed
2.7.2. Subject to the business and trade practices as are prevalent in conducting the business,
the Lessee has agreed and undertakes to conduct only the permitted commercial activity
(ies) under the brand name/trade name/trading style 'Clove Dental Clinic’ or any other
name from/in the Premises including all purpose(s)/activity(ies) as are
necessary/incidental thereto and not for any other purpose only after obtaining at its own
cost and expense the requisite permits and licenses under Applicable Laws (to be kept
valid during tenure of the Lease Deed). Further, the Lessee shall strictly adhere to the
permitted usage including without limitation all the standard terms and conditions, rules,
regulations, guidelines, specifications, notices, circulars etc. thereto as laid down by the
statutory authorities, Government bodies, regulatory authorities or otherwise. The
purpose of the lease of the Premises shall be for the dental clinic, dental laboratory, and/
or all allied purposes, including housing of the Lessee's corporate office, or any
healthcare business independently or jointly owned by the Lessee and/or its group
company or in which the Lessee has business interest.
3. Lessee's Covenants:
3.1. The Lessee hereby declares, covenants and confirms to the Lessor:
(i) to pay the Lease Rent in advance on or before 10 th day of the calendar month subject to
receipt of invoice from the Lessor;
(ii) to use the Premises for the purpose of its business and for such other purposes as may be
mutually agreed to between the Parties;
(iii) to keep the Premises in good order and condition (reasonable wear and tear and loss or
damage by accidents, irresistible force or act of God excepted);
(iv) to conduct its business without causing any disturbance to the Lessors and to make material
alterations or additions to the Premises as required for business purpose. All such additions and
alterations shall have deemed consent of the Lessors. Any alteration done by the Lessee in the
Premises, with the consent of the Lessors, effected at the time of lease or any time thereafter shall
be deemed to form part of the Premises as originally let out and Lessee shall not be under any
obligation to undo the said alterations at the time of handing over the Premise the Lessors; .
(v) to perform and observe strictly the provisions of this Lease Deed:
(vi) subject to Clause 2.4.1, to remove itself from the Premises upon the termination of this
lease or sooner termination of this lease, as the case may be.
(vii) to permit the Lessor or any authorized person(s) deputed by the Lessor, to inspect the
Premises during the Initial Lease Period at all reasonable hours, but only after 24 hours'
advance notice in writing is given to the Lessee and provided that such inspection shall
be conducted by the Lessor or such authorized person(s) in a non-disruptive and
reasonable manner and in accordance with and subject to such security requirements as
may be prescribed by the Lessee;
(viii) upon the expiry/termination of the term of this Lease Deed (unless renewed as
hereinafter provided), subject to Clause 2.4.1, to peacefully and quietly deliver up
vacant possession of the Premises;
(x) not to carry on or permit to be carried on in any part of the Premises any illegal or
unlawful manufacture, trade or business but to use the same for the purposes of any
business for the time being carried by the Lessee; and
(xi) to take all reasonable steps to prevent any violation on the Premises or any part
thereof by any person or persons and to give notice to the Lessor of any threatened
violation.
4. Lessor's Covenants:
4.1. The Lessor hereby declares, confirms and covenants to or with the Lessee as follows:
(i) The Lessors are joint and absolute co-owners of the Premises
(ii) the Premises is approved under Applicable Laws for the intended use by the Lessee,
and shall be available for use and occupation for business purposes set forth herein
without any obstruction by Lessor;
(iii) the Lessors have clear and marketable title, free from encumbrances of any nature
whatsoever, to the Premises and every part thereof, and the Lessor is not restrained
under any statute or Applicable Law from granting lease of the Premises to the
Lessee as contained herein;
(iv) the Lessors shall pay all the taxes (including property taxes), relating to the Premises,
and all taxes in relation to business of the Lessee shall be paid and borne by the
Lessee;
(v) the Lessors have not done or omitted to do any act, matter, deed or thing and shall not do
or omit to do any act, matter, deed or thing whereby the lease in respect of the Premises
granted hereunder shall become void or voidable or be affected in any manner or
cancelled or revoked or determined;
(vi) the Lessors shall keep and maintain the exterior and interior of the Building including the
Premises and the Common Areas and the entire sanitation system, common electrical and
plumbing fittings, common drains, gutters and external pipes thereof in good and
substantially repaired order and good condition and shall carry out at its own cost all
major repairs to the Premises.
(vii) The Lessors shall keep the common entrance, doorways, staircases, landings, lobbies,
passages leading to the Premises and within the compound wall of the Building
sufficiently clean, lighted, safe and in substantial repair and good order and condition;
(viii) the Lessors shall, during the term of the lease hereby granted, keep the Building in good
condition and shall cause the Building to be painted at regular intervals and no later than
once in every two calendar years.
(ix) The Lessors have agreed to provide at the Premises electricity and power load of not less
than ______ KVA for the exclusive use of the Lessee 24 hours a day. The Lessor shall
further provide the power back up of __ KVA. The Lessee shall pay the fixed demand
charges for ____ KVA along with the monthly consumption unit charges of both through
prepaid dual electric energy meters. The Lessor shall provide to the Lessee
additional/new electricity and power load in future as may be required by the Lessee,
subject to technical feasibility at the cost and expense of the Lessor, including the
additional fixed demand charges for increase in power load beyond _____ KVA.
(x) the Lessors hereby agrees and confirms that the Lessee shall have the right to
modify and refurbish the Premises, as per its requirements, at its own cost and
expense and shall also have the right to change, wall finish, install partitions,
other electrical appliances. The Lessee shall also be entitled to carry out all
modifications and alterations in the Premises and shall give NOC for the said
purposes, wherever and whenever required by any competent authority, to
install any equipment for its use including wiring and electrical fittings as may
be required by the Lessee and for such purpose to do ducting and the like;
(xi) the Lessors shall provide access without any restriction whatsoever to the
staffs/employees of the Lessee and other persons permitted to use the Premises,
their visitors and contractors for the purpose of ingress and egress from the
main entrance of the Building in common with the staffs/employees of the
Lessor;
(xii) the Lessors will provide right to the Lessee for installation of AC outer units and
Genset on the ‘Premises’/ roof.
(xiii) the Lessors shall indemnify and keep indemnified the Lessee against any loss or
damage that may be caused and/or suffered by the Lessee as a result of breach by the
Lessor of any of the obligations, covenants, representations, warranties, terms,
conditions and provisions herein contained, or due to Government intervention
affecting the occupation of the Premises, or otherwise due to any act or conduct of the
Lessor and their staff, employees, servants and agents resulting in a breach of any of
the provisions hereof or non-availability of the Premises or any part thereof or
deprivation of use of the Premises or any part thereof to the Lessee or any of the
Applicable Law as may be in force for the time being and from time to time;
(xiv) the Lessors agrees and undertakes that if he sells, transfers, assigns, bequeath, give on
mortgage or in any manner transfer ownership or control of the Premises, the same
shall not affect this Lease Deed and this lease shall remain in effect for the full period
of the lease term. The subsequent purchaser, mortgager, or the new owner of the
Premises/Building shall be bound by the terms and conditions of this Lease Deed
herein contained and the Lessor warrants that it shall not sell, transfer, assign,
bequeath, give on mortgage or in any manner, transfer ownership or control of the
Premises unless the said subsequent transferee ratified this Lease Deed.
(xv) the Lessors shall permit the Lessee to put up such sign-boards, advertisements,
hoardings and other publicity matters at the place earmarked by the Lessors without
affecting the aesthetics of the Premises provided that all costs and expenses relating
thereto are borne by the Lessee and provided further that such signs etc., are removed
by the Lessee at their cost on termination of the Lease Deed or earlier determination
thereof. At the time of termination of Lease Deed, the Lessors shall permit the Lessee
to put up a signage for at least three (3) months, free of cost, with regard to the change
of address of the clinic/ Lessee’s business; and
(xvi) the Lessors shall not in any manner, directly or indirectly, prejudice the business
activities of the Lessee for at least six (6) years after the termination of this Lease
Deed, by either letting out the Premises to a competitor of the Lessee or for the
purposes of a similar business.
(xvii) Notwithstanding the foregoing, in case the Lessee terminates this Lease Deed
before expiry of 6 years on account of any default by the Lessors of its
Covenants or obligations or representations or warranties mentioned in Clause
4.1 of the agreement, the Lessors shall not in any manner, directly or indirectly,
prejudice the business activities ofthe Lessee for at least two (2) years after the
termination of this Lease Deed, by either letting out the Premises to run a
Dental Clinic or entering into any arrangement with any third party to run a
dental clinic.
(xviii) That the Lessors shall not in any manner, directly or indirectly, prejudice the
business activities of the Lessee during the subsistence of this Lease Deed and
for at least one (1) year after the determination of this Lease Deedby letting out
properties in his control— within 500 mts. of the Premises— to a business
similar to that of the Lessee (dental clinic or allied business)
5. IT IS EXPRESSLY AGREED AND ACKNOWLEDGED BETWEEN THE
LESSOR AND THE LESSEE AS FOLLOWS:
5.l. The Lessee shall pay the advance monthly Lease Rent as agreed on or before the l 0th
day of the calendar month. In case of default of monthly Lease Rent for a continuous
period of three (3) months without due cause, the Lessor will be entitled to evict the
Lessee after providing l (one) month notice in writing to the Lessee, during which the
Lessee shall have the option of rectifying the aforesaid default, in which case the Lessee
may continue occupying the Premises.
5.2. So long as the Lessee complies with all terms and conditions agreed under this Lease
Deed, the Lessee shall be entitled to peacefully and quietly hold, possess and enjoy the
Premises without any hindrance from, or interference by, the Lessor or any person
claiming under, through or on behalf of the Lessor.
5.3. The Lessee shall, any time during the Initial Lease Period, has the right to terminate this
Lease Deed on giving three (3) months' notice in writing to the Lessor, and after
expiration of the notice period, this lease in respect of the Premises shall be treated as
terminated. The Lessee shall be entitled to adjust the Lease Rent payable during the
termination notice period, from the IFRSD given to the Lessors during the notice period and
up to the date on which the Lessee hands over vacant possession of the Premises.
5.4. The Lessee shall have the right to terminate the Lease Deed forthwith without any
notice or damages payable to the Lessor, in case the relevant Applicable Laws prohibit
the use of the Premises for the substantial purpose for which the Premises has been
taken on lease or there is a change in land use as per the applicable zonal regulations.
5.5. All costs relating to the preparation, and execution, if any, of this Lease Deed including
legal charges, registration charges, stamp duty etc., shall be borne in equal proportion by
the Parties.
5.6. This Lease Deed supersedes all other agreements which the Parties may have previously
entered and this Lease Deed constitutes the entire understanding of the Parties.
5.7. If either Party fails to perform its obligations under this Lease Deed, the other Party
which is not in default in performing its obligations shall be entitled, without prejudice to
its other rights and remedies, to seek and enforce specific performance of this Lease
Deed.
5.8. The Parties understand and agree that no failure or delay by the other Party in exercising
any right, power or privilege under this Lease Deed shall operate as a waiver thereof.
5.9. Nothing in this Lease Deed shall constitute or be construed as the acquisition of any
legal or moral right by the Lessor to the Intellectual Property or other property of the
Lessee, and the Lessor acknowledges that ownership and title to the Intellectual Property,
including the business format and design of the Lessee and the use thereof in the
Premises notwithstanding, shall remain vested in the Lessee and the Lessor shall have no
right or interest therein. The use of the term Intellectual Property includes all copyrights,
trademarks, designs, patents, patent applications, trade secrets, the business format and
design or other intellectual property rights of the Lessee including in or upon or in
relation to the name "Clove Dental" and any of the content or matter or form of
decoration, presentation available, and to be made available at any time, and from time to
time at the Lessee's dental clinics, whether pursuant hereto or otherwise.
5.10. Upon the occurrence of any of the following events including but not limited to fire,
accident, riots, flood, earthquake, storm, terrorist activities, war, Act of God, any
governmental or municipal action, prohibition or restriction which in any way adversely
affects the right of the Lessee to run the dental clinics, temporary or otherwise, from the
Premises shall be declared an event of Force Majeure, and upon the occurrence of which
event of Force Majeurc, the Lessee shall not be bound or liable to pay the Lease Rent to
the Lessor for such time as the Force Majeure event shall continue. Provided however
that if such event of Force Majeure shall continue for a period of thirty (30) days, the
Lessee notifies the occurrence of such event of Force Majeure to the Lessor, the Lessee
shall be permitted to terminate this Lease Deed with immediate effect, without incurring any
liability, and the Lessor agrees that it shall forthwith, without protest or demur return the entire
IFRSD to the Lessee, in manner as stated herein. In the event the Premises or part of it cannot be
used for operating the commercial activities/business of the Lessee because of any default or
negligence on the part of the Lessor, the Lessee will not be liable to make the payment of Lease
Rent for the period the Premises or any part thereof is lying unused or unoccupied and shall also
entitled to claim damages for the loss of profit, goodwill and/or any other monetary/non-monetary
loss.
6. Representations and Warranties:
6.1. The Lessee has full power and authority to enter into, and perform its obligations under,
this Lease Deed. The execution of this Lease Deed is not prohibited by its memorandum
and articles of association, nor will its execution contravene provisions of any Applicable
Law or agreement or document instrument, judgment or order by which it may be bound
or of which the Premises are the subject matter. All the corporate approvals required for
the execution of this Lease Deed have been obtained.
6.2. The Lessor represents and warrants that the Premises has been built in accordance with
Applicable Law and after obtaining requisite approvals including without limitation, the
Building plans approval issued by the State/local governmental authorities, occupation
certificate etc., and further that the Premises has been approved for commercial use.
6.3. The Lessors are not and shall not be in breach of any Applicable Law that may or will
adversely affect the peaceful enjoyment/ occupation by the Lessee of the Premises.
6.4. The Lessors are in legal possession of the Premises, and there is no charge, lien,
encumbrance or litigation against the Premises, and the Building and/or Premises is not
the subject matter of any litigation, nor is the same or any of them attached in execution
of any decree, nor is there in existence nor has the Lessor created any tenancy or any
right in favour of anyone in respect of the Premises.
6.5. The Lessors have not done any act, deed or thing or withheld any material facts by
which, the rights of the Lessee would be impacted in any adverse manner.
7. Governing Law:
7.1. The terms of the Lease Deed shall be construed in accordance with the laws of India.
7.2. All disputes, differences and claims relating to this Lease Deed are subject to the
exclusive jurisdiction of the Courts at Panchkula.
8. Miscellaneous:
8.1. This Lease Deed is executed in two (2) counterparts in the English language. The
Lessee shall retain one set (i.e., original Lease Deed) and the Lessor shall retain the
second set.
8.2. The headings under in this Lease Deed are for convenience only and do not constitute
matters to be construed in interpreting this Lease Deed.
8.3. This Lease Deed may not be amended or otherwise altered except pursuant to an
instrument in writing signed by each of the Parties hereto. This Lease Deed shall be
binding upon and inure to the benefit of the respective successors, legal representatives
and permitted assigns of the Parties, provided that no Party shall assign any of its rights
or delegate any obligations hereunder without prior written consent of the other Party,
and any attempted assignment or delegation without consent shall be null and void.
8.4. Any provision of this Lease Deed, which is held to be invalid or unenforceable for any
reason, shall be ineffective to the extent of such invalidity or unenforceability only,
without affecting in any way the remaining provisions hereof.
8.5. Subject to the terms and conditions of this Lease Deed, each of the Parties hereto will use
all reasonable efforts to take, or cause to be taken, all action, and to do, or cause to be
done, all things necessary to fulfill its obligations under this Lease Deed.
8.6. The Lessee in addition to the terms and conditions contained in the Lease Deed is
bound by general terms and conditions framed by the Lessor as applicable to the common
tenants in the Building with regard to the enjoyment of common areas, security, plan and
regulations of the people visit, etc., that will be in force from time to time. The terms and
conditions thereof shall be deemed to be part of this Lease Deed. Provided that the
Lessor shall submit a draft of such terms and conditions and take the suggestions of the
Lessee, if any, before it is finalized and further the Lessor shall submit a final certified
copy to the Lessee and intimate the effective date from which such general terms and
conditions will become effective. Provided further that such general terms and conditions
framed by the Lessor shall not contradict any of the clauses of this Lease Deed and in
case of any ambiguity between the terms of this Lease Deed and such general terms and
conditions to be framed by the Lessor, the meaning and intent of the corresponding
clauses in this Lease Deed shall prevail.
8.7. Save as otherwise specifically provided in this Lease Deed, any notice, demand or other
communication to be served under this Lease Deed may be served upon any Party hereto
only by registered speed post acknowledgement due or delivering the same by courier or
sending the same by facsimile transmission to the Party to be served at its address below,
or facsimile number given below, or at such other address or number as it may from time
to time notify in writing to the other Party hereto.
8.8 The Parties shall keep strictly confidential all matters relating to this Lease Deed and
other documents referred to herein and the transaction hereunder and any and all
confidential particulars and information that a Party may receive from the other Party.
8.9 Notwithstanding anything contained in this Lease Deed, clauses 2.1.2, 2.4.2, 2.5.2,
4.1 (xiii), 4.1(xiv), 4.1(xv), 4.1(xvi), 6, 7, 8.4, 8.7, 8.8, and this clause 8.9 shall survive
the termination ofthis Lease Deed.
IN WITNESS WHEREOF the Parties hereto have signed this Lease Deed on the day, month and year first
above written.
______________________________ _______________________
Name:
Designation: Authorised Signatory
WITNESSES:
1. _____________________ 2. _____________________