Illustrative List of conditions

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..... conditions [See Regulation 18 (5B)] a) The business of REIT shall be leasing out such assets and not operating such assets. b) REIT along with its HoldCo(s) and SPV(s) shall carry no risk or return .....

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..... ons or in warm shell conditions with basic utilities only. g) The license for operation of such assets shall not be in the name of the REIT, its HoldCo or SPV.]       ************* .....

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