CROWN LEASE. Upon the Company completing all works necessary to implement the Project, or at such earlier time or times as the Minister following advice from the Board considers appropriate, the State shall grant or cause to be granted to the Company a lease of those areas of land shown marked A, B, C, D, E, F, and G and bordered in green on Department of Land Administration 4 Miscellaneous Plan No. 1745, or a separate lease for each of those areas, as then surveyed in accordance with approved proposals, under section 117 of the Land Act and except as otherwise provided in this Agreement subject to the Land Act but in the form set out in Schedule 4, with such variations as circumstances may render necessary in any particular case and as are agreed to by the parties.
CROWN LEASE. Upon Project Completion, or at such earlier time as the Minister considers appropriate, the State shall grant or cause to be granted to the Joint Venturers a lease of Xxxxxxx Street Reserve, as then surveyed, under section 117 of the Land Act but including a right or option on the part of the Joint Venturers to acquire freehold title, in whole or in part, to the Xxxxxxx Street Reserve such lease except as otherwise provided in this Agreement to be subject to the Land Act but in the form set out in Schedule 5 with such variations as circumstances may render necessary and as are agreed to by the parties.
CROWN LEASE. This clause applies if the Property is leased to You under a Crown Lease.
