Land Lease Clause Samples
A Land Lease clause establishes the terms under which one party (the lessee) is granted the right to use a parcel of land owned by another party (the lessor) for a specified period. This clause typically outlines the duration of the lease, payment obligations such as rent, permitted uses of the land, and any restrictions or responsibilities regarding maintenance and improvements. For example, it may specify whether the lessee can construct buildings or must return the land in its original condition. The core function of this clause is to clearly define the rights and obligations of both parties, thereby preventing disputes and ensuring both parties understand the scope and limitations of the land use arrangement.
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Land Lease. Any and all other restrictions, reservations, covenants, conditions, rights-of-way, easements, and encumbrances, whether of record or not, all municipal or other governmental zoning laws, regulations and ordinances, if any, affecting the Building and/or Land, and any other matters affecting the Building and/or Land which would be disclosed by a physical inspection of the Building and/or the Land on which it is located or an accurate survey of the Building and/or the Land on which it is located. The following obligations of City shall be conditions to BNSF’s obligation to consummate the transaction to convey the Building to City. In the event any of these conditions are not satisfied by the applicable date indicated below (or if no date is indicated below then by the date that is 45 days after the Effective Date), BNSF may in its sole discretion elect (i) to extend such date or (ii) to treat such failure to meet the condition by the required date as a breach of this Contract by City and terminate this Contract by written notice to City, whereupon neither party shall have any further rights or obligations.
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Land Lease. If a PPA is entered into between the Parties, the Parties agree to enter into a separate agreement under which Seller or its affiliate will lease to Buyer a fenced land plot of land that is large enough for the Buyer to set up facilities including the data center and ancillary infrastructure.
Land Lease. Exhibit C lists for the Properties the Land Lease applicable to the Properties. Exhibit C also includes a list of all amendments and modifications thereto. To the best of Seller's knowledge, except as may be shown in said Exhibit, the Land Lease is in full force and effect and free from default, Seller is current in the payment of all rentals and other amounts due under the Land Lease, there is no existing event which, with the passage of time and the giving of notice, or both, could become a default under the Land Lease, there are no disputes, claims, or rights of set-off under the Land Lease, and, subject to obtaining the consent of the lessor under the Land Lease and the limited partners of Seller, Seller has the full right, power, and authority to assign its interest in and to the Land Lease to Purchaser.
Land Lease. In addition to drafting a management plan for each garden site, the City and Deleted: if: 1) the proposed site is not City parkland or 2) the proposed site is City parkland and the lease term is for more than 5 years, in which case, the City Park Board shall also review and approve the agreement will enter into a lease for use of the City property by for a term of years. The lease shall be reviewed by the City Park Board if the proposed site is City parkland and the Park Board shall forward its written recommendation to City Council.. All leases shall be reviewed and approved by the City Council. The lease will address the party’s rights and responsibilities, including but not limited to insurance, immunities, indemnification, pertinent regulations, and the right of the City to terminate the lease under certain circumstances.
Land Lease. The Partnership shall lease from PQ all the land necessary upon which is situated the Specialty Zeolite/Catalyst Plant. Such land is situated at PQ’s Kansas City Plant. The precise description of such leased land and the duration, terms and conditions of such lease are more particularly set forth in the Land Lease attached hereto as Exhibit 2 and incorporated by reference.
Land Lease. Landlord leases to Tenant, and Tenant leases from Landlord, all of ▇▇▇▇▇▇▇▇’s right, title and interest in and to the Land upon and subject to the conditions set forth in this Lease, and subject to all Encumbrances and matters of record as of the Effective Date.
Land Lease. The Lease between the Land Lessor and Landlord dated as of November 5, 1987, as amended by First Amendment to Ground Lease dated February 22, 1988, and as further amended by Second Amendment to Ground Lease dated September 27, 1989.
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Land Lease. The County will lease the City’s remaining 9.588 acre parcel of land adjoining the Landfill to the County for one dollar ($1) per year. The land to be sold consists of parcel C-1 as described on Exhibit A. The lease shall stipulate that the County will maintain the leased area (mowing, other turf maintenance, erosion control and tree maintenance). The City reserves the right to use and enjoy the leased area consistent with the lease terms, provided that such use and occupancy shall not interfere with the County’s use of the property for ground water monitoring, soil stockpiles, or other landfill purposes. The City shall have the right to transfer the leased area to WisDOT or to use the leased area for transportation purposes in the event the leased area is needed by WisDOT for said purposes.