Common use of Land Lease Fees Clause in Contracts

Land Lease Fees. Land lease fees shall be as specified in the applicable Lao PDR Law at the time of execution of the relevant Land Lease Agreement and shall be defined in such Land Lease Agreement. Unless specified otherwise in the Land Lease Agreement(s), all land lease fees shall be increased by at least ten percent (10%) of the original fee rate on the 5th anniversary of the Effective Date and the anniversary date every five (5) years thereafter to conform to amounts provided by Lao PDR Law as of such date of such adjustment.

Land Lease Fees. Land lease fees shall be as specified in the applicable Lao PDR Law at the time of execution of the relevant Land Lease Agreement and shall be defined in such Land Lease Agreement. Unless specified otherwise in the Land Lease Agreement(s), all Agreement(s),all land lease fees shall be increased by at least ten percent (10%) of the original fee rate on the 5th anniversary of the Effective Date and the anniversary date every five (5) years thereafter to conform to amounts provided by Lao PDR Law as of such date of such adjustment.

Land Lease Fees. Land lease fees shall be as specified in the applicable Lao PDR Law at the time of execution of the relevant Land Lease Agreement and shall be defined in such Land Lease Agreement. Unless specified otherwise in the Land Lease Agreement(s), all Agreement(s),all land lease fees shall be increased by at least ten percent (10%) of the original fee rate on the 5th anniversary of the Effective Date and the anniversary date every five (5) years thereafter to conform to amounts provided by Lao Xxx PDR Law as of such date of such adjustment.