Land Development and Utilization Sample Clauses
Land Development and Utilization. The two parties shall examine and verify the boundary markers on all boundary points on the spot as designated in the appendix hereto “Location Map of the Land Lot to be Transferred” within 10 days of execution of this contract. The transferee shall properly protect the boundary marks and may not alter any of boundary marks without prior consent of Party A. In case of damage to or relocation of any boundary ▇▇▇▇, the transferee shall immediately report to the transferor in writing for re-measurement and restoration of the boundary marks. Section 11. Section 12.
Land Development and Utilization. Article 8 The Assignee shall carry out land development and construction to the extent of the assignment while complying with the following requirements:
1. Nature of the main buildings: for industrial use ;
2. Nature of the ancillary buildings: / ;
3. Plot ratio: £ 0.7 ;
4. Building density: £ 25% ;
5. Building height: / ;
6. Other land use requirements: / . The specific construction requirements are detailed in Annex I–”Notice of Planning and Design Elements”.
Article 9 The area for the internal offices and life supporting services of the Assignee within the assigned land shall not exceed 5% of the total area of the land, i.e. less than eight thousand six hundred and forty five point four (8,645.4) square meters. The assignee cannot build any non-manufacturing facilities, such as the residential buildings, expert department, hotels, guest houses and training centers on this land.
Article 10 The Assignee agrees to commence the construction before June 1, 2008. In case of failure to catch up the schedule, the Assignee must first obtain the approval of the Management Committee of Nanjing Xuzhuang Software Industrial Base and make an application to the Assignor thirty (30) days in advance for a postponement, the period of which shall not exceed one year for reasons of the Assignee.
Article 11 The Assignee agrees to complete the construction and meet all conditions of final acceptance before June 1, 2010. In case of failure of completion on schedule, the Assignee must first obtain the approval of the Management Committee of Nanjing Xuzhuang Software Industrial Base and make an application to the Assignor thirty (30) days in advance for a postponement, the period of which shall not exceed one year for reasons of the Assignee. In case of postponed commencement of construction approved by the Assignor, the completion time shall be correspondingly postponed.
Article 12 The Assignee agrees that the total amount of investment in fixed assets within the land for assignment shall be no less than RMB four hundred and eighty (480) million Yuan (including the costs for land acquisition, the construction and installation of buildings and structures, supporting facilities and infrastructures, and equipment purchase and installation etc.), i.e. no less than RMB one point eight six (1.86) million Yuan per area.
Article 13 In the process of land development and construction, the Assignee shall carry out the construction of water, gas and sewage treatment facilities as well a...