LAND LEASE AGREEMENT Date Sample Clauses

LAND LEASE AGREEMENT Date. 31 December 2017 (i) Xxxxxxxx Xxxxxxx; and (ii) The Company The land use rights of 20 parcels of land covering a total area of 649,689.64 sq.m. in Zhaoyuan, Shandong, the PRC. From 1 January 2018 to 31 December 2020 The Company has a priority right to lease the Subject Land Use Rights from Xxxxxxxx Xxxxxxx in the event that Shandong Zhaojin continues to lease out the Subject Land Use Rights after expiry of the lease term under the Land Lease Agreement. Subject to compliance with applicable laws and regulations and the articles of association of the Company and Shandong Zhaojin, the Land Lease Agreement may be renewed for a further term of one year at the request of the Company. After the expiry of the term of the Subject Land Use Rights, if the Company needs to continue to lease the Subject Land Use Rights, Shandong Zhaojin shall be responsible for renewing the term of the Subject Land Use Rights. The Company has the right to terminate the lease of some of the Subject Land Use Rights under the Land Lease Agreement by giving one month’s prior written notice. Shandong Zhaojin will lease the Subject Land Use Rights to the Company at market rates on a fair and reasonable basis. The parties to the Land Lease Agreement have agreed that the rentals charged by Shandong Zhaojin on the Company shall not be higher than the rentals charged by Shandong Zhaojin on any independent third party at that time for the same type of land in the normal course of business. According to the Land Lease Agreement, the annual rentals for the Subject Land Use Rights for the three years ending 31 December 2018, 31 December 2019 and 31 December 2020 will be RMB9,700,662.97, RMB9,562,242.58 and RMB9,420,635.86, respectively. The rentals payable under the Land Lease Agreement are higher than that under the 2015 Land Lease Agreement mainly because the terms of certain Subject Land Use Rights are subject to renewal during the duration of the Land Lease Agreement and Shandong Zhaojin has to pay for the relevant land extension transfer fee and tax. The rentals are payable by the Company to Shandong Zhaojin before 31 December of each year, in respect of the rentals of that year, by way of cash, bank transfer, bank acceptance bills or commercial bills. If the Company terminates the lease of all or some of the Subject Land Use Rights before the expiry of the Land Lease Agreement, the rentals shall be paid on the basis of the actual term for the lease of such Subject Land Use Right(s). The Compan...
Sample 1
AutoNDA by SimpleDocs

Related to LAND LEASE AGREEMENT Date

  • Lease Agreement On the terms stated in this Lease, Landlord leases the Premises to Tenant, and Tenant leases the Premises from Landlord, for the Term beginning on the Commencement Date and ending on the Termination Date unless extended or sooner terminated pursuant to this Lease.

  • Ground Lease Reserved.

  • Lease Agreements 13.1 The Customer shall provide FPL a copy of the lease agreement, as applicable, for any and all leased interconnection equipment. 13.2 The Customer shall not enter into any lease agreement that results in the retail purchase of electricity; or the retail sale of electricity from the Customer-owned renewable generation. Notwithstanding this restriction, in the event it is determined by the Florida Public Service Commission that the Customer has entered such an agreement, the Customer shall be in breach of this Interconnection Agreement and the lessor may become subject to the jurisdiction and regulations of the Florida Public Service Commission as a public utility.

  • Supplemental Lease Agreement No 8, dated May 28, 2002, by and between Hub Properties Trust (“Owner/Lessor”) and United States of America (“Government/Lessee”).

  • Agreement to Lease Landlord agrees to lease to Tenant and Tenant agrees to lease from Landlord, according to the terms and conditions set forth herein, the Premises.

  • Ground Leases For purposes of this Exhibit C, a “Ground Lease” shall mean a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Lease Amendment In the event that Tenant timely exercises Tenant’s right to lease any First Offer Space as set forth in this Section 1.3, Landlord and Tenant shall within thirty (30) days following Xxxxxxxx’s receipt of the First Offer Exercise Notice or Landlord’s delivery of the First Offer Confirmation Notice, as the case may be, execute an amendment to this Lease adding such First Offer Space to the Premises, upon the terms and conditions as set forth in the First Offer Notice and this Section 1.3, and otherwise in general compliance with the terms of this Lease, and with other appropriate modifications given the nature of the First Offer Space and the terms of the First Offer Rent, To the extent the First Offer Rent shall not have been determined at the time of the execution of the amendment as provided for hereinabove, at either party’s option, upon such determination, the parties’ shall execute an additional amendment setting forth the First Offer Rent. Tenant shall commence payment of Rent for the First Offer Space, and the term of the First Offer Space shall commence, upon such date as determined as a component of the First Offer Rent (the “First Offer Commencement Date”); provided, however, that in the event that the First Offer Rent shall be as set forth in Section 1.3.3.1, above, the First Offer Commencement Date shall be the earlier to occur of (i) the date Tenant commences the conduct of business in any portion of the First Offer Space, and (ii) the date that is one hundred eighty (180) days following delivery of the First Offer Space by Landlord to Tenant. Commencing on the First Offer Commencement Date, Tenant shall entitled to parking passes in connection with Tenant’s lease of the subject First Offer Space, upon and subject to the terms of Section 13 of the Summary and Section 29.18 of this Lease, The term of Tenant’s lease of the First Offer Space, shall terminate concurrently with the lease of the remainder of Tenant’s Premises (the “First Offer Term”). The period granted to Tenant following delivery of First Offer Space and prior to the First Offer Commencement Date shall be referred to herein as the “First Offer Build-Out Period “ and the term of Tenant’s lease of First Offer Space, commencing as of the First Offer Commencement Date and terminating concurrently with Tenant’s lease of the remainder of Tenant’s Premises, shall be referred to herein as the “First Offer Term”. Upon the First Offer Commencement Date, First Offer Space leased by Tenant shall be part of the Premises along with all other space leased by Xxxxxx and, accordingly, Tenant shall have the right to extend the term of Tenant’s lease of the Premises (including First Offer Space leased by Xxxxxx), upon and subject to the terms of Section 2.2, below.

  • Rental Agreement All of the Roommates agree to be bound by all of the terms of the Rental Agreement.

  • Location of Real Property and Leased Premises (a) Schedule 3.20(a) lists completely and correctly as of the Closing Date all real property owned by the Borrower and the Subsidiaries and the addresses thereof. The Borrower and the Subsidiaries own in fee all the real property set forth on Schedule 3.20(a). (b) Schedule 3.20(b) lists completely and correctly as of the Closing Date all real property leased by the Borrower and the Subsidiaries and the addresses thereof. The Borrower and the Subsidiaries have valid leases in all the real property set forth on Schedule 3.20(b).

  • Initial Lease Term The Initial Lease Term is for a minimum of ten (10) years; however, the State will consider a longer lease term if economic benefits are deemed to be in the State’s best interest. Please propose a fixed, or flat, rental rate for a Gross Lease: including all expenses – taxes, insurance, janitorial services, maintenance, etc. The State may elect to pay for utilities separately so please include a cost per square foot to reduce the rental rate if such occurs.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!