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:- 1. Upon the execution of this Agreement (“First Payment”) RM1,000,000.00 2. Within one (1) month from the date of execution of the Agreement and removal of existing encumbrances (“Second Payment”) RM7,000,000.00 3. Within three (3) months from the date of fulfillment of all the conditions precedent of the Agreement (“Third Payment”) RM22,000,000.00 4. Within Twelve (12) months from the date of Third RM12,000,000.00 Payment shall be settled by way of cash and/or contra of properties (“Final Payment”) TOTAL RM42,000,000.00
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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. (ii) Developer shall complete and deliver vacant possession of the Landowner’s Entitlement units in Phase 1 with Certificate of Completion and Compliance (“CCC”) within 30 months from the date of fulfilment of the last of the conditions precedent stated in paragraph 3.2 (i) of this announcement. (iii) Developer shall complete and deliver vacant possession of the Landowner’s Entitlement units in Phase 2 with CCC within 30 months from the date of fulfilment of the last of the conditions precedent stated in paragraph 3.2 (i) and (ii) of this announcement. (iv) In the event the Developer fails to complete Phase 1 and 2 within the period stated above, the Developer shall complete and deliver the vacant possession of the delayed phase within a further period of not exceeding 6 months from the original deadline for delivery, subject to the payment of agreed liquidated late delivery damages of RM5,500.00 for each extended day calculated from the commencement of the further period up to the date of delivery of the vacant possession of the last of the Landowner’s Entitlement in that phase.
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.
Landowner’s Entitlement. Original Term under the JVA Revised Term under the Supplemental Agreement i. Payment of RM50,000.00 upon execution of the JVA (already paid to Landowner) ii. Payment of RM20,000.00 to be paid to Landowner upon execution of the Supplemental Agreement and a durable Power of Attorney; iii. Payment of RM30,000.00 to be paid to the Landowner upon payment of the premium to the state authority and the successful transfer of the Project Land by the state authority to the Landowner; iv. The Developer shall transfer and/or cause to be transferred to the Landowner within two
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.

Related to Landowner’s Entitlement

  • 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.

  • Ownership Title to Project Deliverables This clause shall apply where Contractor is commissioned by the Authorized User to furnish project deliverables as detailed in the Purchase Order.

  • Title to Properties; Encumbrances The Company does not currently own, nor has it ever owned (a) any real property, (b) any leasehold interests or (c) any buildings, plants, structures and/or equipment. Part 3.6 of the Seller Parties Disclosure Schedule contains a complete and accurate list of all (A) the Assets that the Company purports to own, including all of the properties and assets reflected in the Balance Sheet (except for assets held under capitalized leases disclosed or not required to be disclosed in Part 3.6 of the Seller Parties Disclosure Schedule and personal property sold since the date of the Balance Sheet, as the case may be, in the Ordinary Course of Business), and (B) all of the properties and assets purchased or otherwise acquired by the Company since the date of the Balance Sheet (except for personal property acquired and sold since the date of the Balance Sheet in the Ordinary Course of Business and consistent with past practice), which subsequently purchased or acquired properties and assets (other than inventory and short-term investments) are listed in Part 3.6 of the Seller Parties Disclosure Schedule. The Company is the sole owner and has good and marketable title (or leasehold title, as the case may be) to the Assets free and clear of all Encumbrances, and the Assets reflected in the Balance Sheet are free and clear of all Encumbrances and are not, in the case of real property, subject to any rights of way, building use restrictions, exceptions, variances, reservations, or limitations of any nature except, with respect to all such properties and assets, (i) mortgages or security interests shown on the Balance Sheet as securing specified liabilities or obligations, with respect to which no default (or event that, with notice or lapse of time or both, would constitute a default) exists, (ii) mortgages or security interests incurred in connection with the purchase of property or assets after the date of the Balance Sheet (such mortgages and security interests being limited to the property or assets so acquired), with respect to which no default (or event that, with notice or lapse of time or both, would constitute a default) exists, (iii) liens for current taxes not yet due, and (iv) Encumbrances pursuant to the Pledge Agreement (as defined below) or the Facility Agreement and (v) Encumbrances incurred in the Ordinary Course of the Business, consistent with past practice, or created by the express provisions of the Contracts, each of the type identified on Part 3.6 of the Seller Parties Disclosure Schedule (together, the “Permitted Encumbrances”). All such assets are suitable for the uses to which they are being put or have been put in the Ordinary Course of Business and are in good working order, ordinary wear and tear excepted.

  • Title to Properties The Company does not own any real property. The Company has heretofore made available to Parent correct and complete copies of all leases, subleases and other agreements (collectively, the "Real Property Leases") under which the Company or any of its Subsidiaries uses or occupies or has the right to use or occupy, now or in the future, any real property or facility (the "Leased Real Property"), including without limitation all modifications, amendments and supplements thereto. Except in each case where the failure would not, individually or in the aggregate, have a Company Material Adverse Effect or except as otherwise set forth in Section 3.9 of the Company Disclosure Letter, (i) the Company or one of its Subsidiaries has a valid leasehold interest in each parcel of Leased Real Property free and clear of all Liens except liens of record and other permitted liens and each Real Property Lease is in full force and effect, (ii) all rent and other sums and charges due and payable by the Company or its Subsidiaries as tenants thereunder are current in all material respects, (iii) no termination event or condition or uncured default of a material nature on the part of the Company or any such Subsidiary or, to the Knowledge of the Company or any such Subsidiary, the landlord, exists under any Real Property Lease, (iv) the Company or one of its Subsidiaries is in actual possession of each Leased Real Property and is entitled to quiet enjoyment thereof in accordance with the terms of the applicable Real Property Lease and applicable law, and (v) the Company and its Subsidiaries own outright all of the personal property (except for leased property or assets for which it has a valid and enforceable right to use) which is reflected on the Balance Sheet, except for property since sold or otherwise disposed of in the ordinary course of business and consistent with past practice and except for liens of record and other permitted liens. Except where the failure would not, individually or in the aggregate, have a Company Material Adverse Effect, the plant, property and equipment of the Company and its Subsidiaries that are used in the operations of their businesses are in good operating condition and repair, subject to ordinary wear and tear, and, subject to normal maintenance, are available for use.

  • Operator The Optionee shall be the operator for purposes of developing and executing exploration programs.

  • The Properties Attached hereto as Schedule I is the description of certain Land (the "Subject Property"). Effective upon the execution and delivery of this Lease Supplement by Lessor and Lessee, such Land, together with any Building and other improvements thereon or which thereafter may be constructed thereon shall be subject to the terms and provisions of the Lease and Lessor hereby grants, conveys, transfers and assigns to the Related Lessee those interests, rights, titles, estates, powers and privileges provided for in the Lease with respect to the Subject Property.

  • Real Estate Taxes and Special Assessments The 2022 calendar year real estate taxes due and payable in 2023 shall be paid by Seller. Seller shall credit Buyer(s) at closing for said 2022 real estate taxes payable in 2023 based on the most recent ascertainable tax figures. Xxxxx is responsible for all subsequent real estate taxes.

  • Landlord’s Title Landlord’s title is and always shall be paramount to the title of Tenant. Nothing herein contained shall empower Tenant to do any act which can, shall or may encumber the title of Landlord.

  • PARTICULARS OF SUBJECT PROPERTY TITLE : The strata title for the subject property has not been issued. MASTER TITLE / LOT NO : Geran 80225, Lot No.20085 Seksyen 41 (formerly known as H.S.(D) 119597, PT No.449 and previously held under Geran No.73720, Lot No.3370) TOWN/DISTRICT/STATE : Kuala Lumpur / Kuala Lumpur / Wilayah Persekutuan Kuala Lumpur TENURE : Freehold FLOOR AREA : 73.86 square metres (795 square feet) REGISTERED PROPRIETOR : Macly Equity Sdn Bhd (1001715-W) ASSIGNOR : Xxxxx Xxx Xxxx ENCUMBRANCES : Assigned to RHB Bank Berhad [196501000373 (6171-M)] The subject property is located within Wisma Infinitum, Xxxxx Xxxxx Xxxxxx Xxxxxxxx, Xxxxx Xxxxxx. The subject property is a duplex 1-bedroom small office home office (SOHO) identified as Parcel No.A-12-09, Type B1, Storey No.12, Building No.Block A, together with an Accessory Parcel (1) unit of car parking bay described as :- Accessory Parcel No.L5-689, Wisma Infinitum and bearing postal address at No.A-12-09, Wisma Infinitum, Xxxxx Xxxxx Xxxxxx Xxxxxxxx, 00000 Xxxxx Xxxxxx. The subject property will be sold “as is where is basis” and subject to a reserve price of RM 704,700.00 ( RINGGIT MALAYSIA: SEVEN HUNDRED FOUR THOUSAND AND SEVEN HUNDRED ONLY) subject to the Conditions of Sale and by way of an Assignment from the above Assignee subject to consent being obtained by the successful bidder(“the Purchaser”) from the relevant authorities, if any, including all terms, conditions, stipulation and covenants which were and may be imposed by the relevant authority. All other fees, costs and charges relating to the transfer and assignment of the property shall be borne solely by the successful bidder (“the Purchaser”).Online bidders are further subject to the Terms & Conditions on xxx.xxxxxxxxxxxxxxxx.xxx All intending bidders are required to deposit 10% of the fixed reserve price by bank draft/ cashier’s order only in favour of RHB Bank Berhad prior to the auction sale with the under mentioned Auctioneer and the balance of the purcLhase price is to be settled within ninety (90) days from the date of auction to RHB Bank Berhad via XXXXXX. Details of payment via XXXXXX, please liaise with Messrs Xxx Xxxxxxx & Xxxx. For further particulars, please contact MESSRS CHE MOKHTAR & LING, Solicitors for Assignee herein whose address is at Level 00, Xxxx Xxxxx, Xxxxxx Xxxxxxx Xxxxxxxx, Xx.0, Xxxxx Xxxxxx Xxxxxxxx, 00000 Xxxxx Xxxxxx. Tel: 00-0000 0000 / Fax: 00-0000 0000 [ Ref: CML- 08A/RHB(1)/LMC/45012/23 ] or under mentioned Auctioneer. Dalam menjalankan xxx xxx kuasa xxxx diberi kepada Pihak Pemegang Serah xxx xxx di bawah Perjanjian Kemudahan, Surat Ikatan Penyerahan Hak (Penyerahan Hak Pihak Pertama) xxx Surat Kuasa Wakil (Pihak Pertama) kesemunya bertarikh 12hb September 2019di antara Pihak Pemegang Serah Xxx xxx Pihak Penyerah Xxx xxx dalam Perjanjian Jual Beli antara Pihak Penyerah Xxx xxx Macly Equity Sdn Bhd bertarikh 30hb April 2019, adalah dengan ini diisytiharkan bahawa Pihak Pemegang Xxxxx xxx dengan dibantu oleh Xxxxxxxx yang tersebut di bawah.

  • Landlord’s Entry Landlord and its authorized representatives may at all reasonable times and upon reasonable notice to Tenant enter the Premises to: (a) inspect the Premises; (b) exercise and perform Landlord's rights and obligations under this Lease; (c) post notices of non-responsibility or other protective notices available under the Laws; (d) show the Premises to current or prospective mortgagees, or to prospective purchasers of the Property; or (e) during the last 12 months of the Term, show the Premises to prospective tenants. Landlord, in the event of any emergency, may enter the Premises at any time without notice to Tenant. If Landlord receives prior written notification from Tenant that specified areas within the Premises contain confidential materials, then Landlord shall not enter such portions of the Premises unless accompanied by a representative of Tenant except (i) in case of an emergency, or (ii) if Tenant authorizes Landlord to enter such portions of the Premises without accompaniment of Tenant's representative. Landlord's entry into the Premises is not to be construed as a forcible or unlawful entry into, or detainer of, the Premises or as an eviction of Tenant from all or any part of the Premises. Subject to Section 9.3 below, Tenant will also permit Landlord (or its designees) to erect, install, use, maintain, replace and repair pipes, cables, conduits, plumbing and vents, and telephone, electric and other wires or other items, in, to and through the Premises if Landlord reasonably determines that such activities are necessary for properly operating and maintaining the Building.

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