Landowner’s Entitlement Sample Clauses

Landowner’s Entitlement. The Landowner shall be entitled to the sum of Ringgit Malaysia Forty Two Million (RM42,000,000-00) only as the consideration of the joint venture (“Landowner’s Entitlement”). The Landowner’s Entitlement shall be satisfied in the following manners:-
Sample 1
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Landowner’s Entitlement. In consideration of the Proposed JV, the Landowner shall be entitled to a certain number of buildings/properties built on the said Land with equivalent value of Ringgit Malaysia Ten Million (RM10,000,000) based on the market price for such buildings/properties. The consideration was arrived at on a “willing buyer and willing seller” basis. Landowner’s Entitlement shall be chosen and allocated by the Developer proportionately from each type of building constructed in the Project and shall subject to such proportion of bumiputra quota as imposed by the relevant authorities. Once Landowner’s Entitlement has been duly completed and vacant possession has been delivered to CME, CME shall have no further claim, demand against the Developer and CME shall have no more interest claim in the said Land. The Landowner shall have the option to require the Developer to pay in cash a sum of Ringgit Malaysia Ten Million (RM10,000,000) as the Landowner’s Entitlement in lieu of the units built in the Project as set out above provided always that the Landowner shall have given written notice to the Developer to receive cash and the said sum of Ringgit Malaysia Ten Million (RM10,000,000) shall be payable within 36 months or such other extended period as may be agreed in writing between the Parties from the date of the issuance of the Developer’s Licence, Sale and Advertising Permits.
Sample 1
Landowner’s Entitlement. The Landowner shall be entitled to payment of the Land cost at a sum of RM21,265,991.32 (RM20 p.s.f) and twenty percent (20%) of the project profit (“Agreed Proportion”). The payment schedule of the Land cost shall be at such times and in the manner as agreed by the JV Parties. The payment for Landowner’s entitlement on twenty percent (20%) of the project profit shall be paid by the Developer to the Landowner after the 14 days of the Completion Date (being the day falling 6 years from the Unconditional Date or the date the certificate of completion and compliance for the units under the project are issued, whichever is later). Any units unsold as at the Completion Date shall be distributed to the JV Parties in the Agreed Proportion.
Sample 1
Landowner’s Entitlement. Original Term under the JVA The Developer agreed to pay RM4,012,400.00 to the Landowner as consideration for the appointment of PVSB as the developer, details of the milestone of payment were stated in the JVA. Revised Term under the Supplemental Agreement The Developer agreed to pay RM1,000,000.00 only (“New Landowner’s Entitlement“) to the Landowner as consideration for the appointment of PVSB as developer. The new milestone of payment are as follows:-
Sample 1
Landowner’s Entitlement. (i) The Landowner shall be entitled to and accorded thirty-three per cent (33%) of the units developed at the Project comprising not less than 52 units of terrace houses and 26 units of semi-detached houses with sales value of not less than RM32,430,000 (“Landowner’s Entitlement”) and the Landowner has the first right to choose and reserve such units before any sale or disposal of any units of the Project.
Sample 1

Related to Landowner’s Entitlement

  • Overtime Entitlement (a) An employee will be entitled to compensation for authorized overtime in excess of:

  • Access to Property, Property’s Management, Property Lender, and Property Tenants Potential Investor agrees to not seek to gain access to any non-public areas of the Property or communicate with Property’s management employees, the holder of any financing encumbering the Property, the Property’s tenants, and the Owner’s partners in the ownership of the Property, without the prior consent of Owner or JLL, which consent may be withheld in the Owner’s sole discretion.

  • Shift Premium Entitlement (a) Employees working an afternoon or night shift as identified in Clauses 15.1(a)(2) and 15.1(a)(3) shall receive a shift premium for all hours worked on the shift.

  • Basic entitlement (a) After twelve months continuous service, parents are entitled to a combined total of 52 weeks unpaid parental leave on a shared basis in relation to the birth or adoption of their child. For females, maternity leave may be taken and for males, paternity leave may be taken. Adoption leave may be taken in the case of adoption.

  • Benefit Entitlement When an employee is on a WCB claim all benefits of the Agreement will continue to accrue. However, an employee off work on WCB claim shall receive net wages as defined by (A) above, and benefits equalling but not to exceed their normal entitlement had they not suffered a compensable injury. For the first twenty (20) work days on claim, an employee will accrue paid holidays and vacation credits. Once the claim exceeds twenty (20) work days, paid holidays and vacation credits will not accrue. However, unused vacation credits accrued prior to the claim shall not be lost as a result of this clause.

  • Title to Properties The Company and each Subsidiary have good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of their respective businesses, except for such defects in title as could not, individually or in the aggregate, have a Material Adverse Effect. As of the Closing Date, the property of the Company and its Subsidiaries is subject to no Liens, other than Permitted Liens.

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