LAND COSTS for each and every Lease, shall mean (i) all actual costs paid by Operator as the purchase price for the particular lease (e.g. the bonus payment to the landowners if Operator is the original lessee of the Lease) plus (ii) an additional sum, being $ per acre for each Net Mineral Acre covered by a particular Lease. The $ per acre is a sum, agreed to by the parties, as a reasonable estimate of both direct and indirect costs incurred by Operator in the acquisition of Leases (the direct and indirect costs would include, but not necessarily be limited to, bank fees, xxxxxxx fees, employee landmen fees, legal fees, and miscellaneous expense such as travel costs, meals, copy costs, recording fees, etc.). It is understood that the determination of the net mineral acres covered by a Lease will not be made by survey on the ground, but rather on other available information, such as, by way of example, (i) the acreage calls contained in the description of the leasehold premises of the Leases, (ii) the xxxxxxx reports covering the Leases, (iii) the acreage calls for which the lease bonuses were paid to the lessors, (iv) generally available land plats, and/or (v) tax records from the local taxing authorities.
LAND COSTS. 8 SECTION 3.4. TRANSFER OF TRIBAL LANDS TO BAND............................. 9 SECTION 3.5. CONFIDENTIALITY.............................................. 9
LAND COSTS. The Manager acknowledges and agrees that as the owner of the Land all Land Costs shall be for the account of the Manager only and nothing express or implied in this agreement will confer any liability on UBS Mangakahia in relation to Land Costs.
LAND COSTS. The Manager acknowledges and agrees that as the owner of the Land all Land Costs shall be for the account of the Manager only and nothing express or implied in this agreement will confer any liability on CNI in relation to Land Costs.
LAND COSTS. FHRI will advance to TRIBE up an amount to be agreed upon to acquire land for the gaming facility in the event that additional land not already in trust is required for the project development.
LAND COSTS. Section 3.1
LAND COSTS. Within fifteen (15) days of execution of this Agreement, Ridgewood shall reimburse LLOG $2,219,643.75 for its 25% share of the "Sunk Land Costs". The Sunk Land Costs for the Lease are $8,635,575 in bonus costs, $18,000 in rentals, $25,000 for a license on the Shallow Hazard Data and $200,000 for G&G and miscellaneous land costs.
LAND COSTS. The Site and the Easement Property are and shall continue to be solely owned by WPSC, in fee simple. The Ground Lease, the EI Agreement and the Easement will be entered into between the Companies effective on the Ownership Date. The Ground Lease will provide for DPC's rights to usage of the land occupied by Weston 4 for DPC's Ownership Share. DPC will pay rent under the Ground Lease equal to the Fixed Charges (as calculated by WPSC from time to time) associated with WPSC's investment in the land leased pursuant to the Ground Lease. DPC will pay a charge associated with the Easement recognizing the non-exclusive rights for possession and access related to the Easement Property. If in the future WPSC acquires additional lands contiguous or near to the Weston Generating Station that are intended to be used as buffer property for the Weston Generating Station or for the siting of Weston New or Existing Common Facilities, the JPOC may from time to time determine that such lands should be subject to the terms of the Easement, and in that event, the Companies shall amend the Easement accordingly, and DPC shall pay the charge associated with the Easement with respect to such additional lands. <PAGE>
LAND COSTS. Indicates that certain information contained herein has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. FOIA Confidential Treatment Requested Execution Version
LAND COSTS. 2.6 Incentives. ****
