Lease Arrangements. To the extent any of the STOCKHOLDERS own any interest in any real property which is leased to the COMPANY, and such property is to be used in the COMPANY'S business after the Consummation Date, NEWCO and the applicable STOCKHOLDERS shall either enter into a lease for such premises on such fair market terms and conditions as may be agreed upon by NEWCO and the STOCKHOLDERS or amend the existing lease to reflect the fair market terms and conditions agreed upon by NEWCO and the STOCKHOLDERS (the "Lease Arrangement").
Lease Arrangements. 50. Unless covered by a specific delegated authority the RMA shall not enter into any finance, property or accommodation related lease arrangement – including the extension of an existing lease or the non-exercise of a tenant’s lease break - without the SG’s prior approval. Before entering/ continuing such arrangements the RMA must be able to demonstrate that the lease offers better value for money than purchase and that all options of sharing existing public sector space have been explored. Non- property/ accommodation related operating leases are subject to a specific delegated authority. The RMA must have capital DEL provision for finance leases and other transactions which are in substance borrowing. Tax arrangements
Lease Arrangements. 83. Unless covered by a specific delegated authority VS shall not enter into any finance, property or accommodation-related lease arrangement – including the extension of an existing lease or the non-exercise of a tenant’s lease break - without the SG’s prior approval. Before entering / continuing such arrangements VS must be able to demonstrate that the lease offers better value for money than purchase and that all options of sharing existing public sector space have been explored. Non-property / accommodation related operating leases are subject to a specific delegated authority. The NDPB must have capital DEL provision for finance leases and other transactions which are in substance borrowing. Tax arrangements
Lease Arrangements. (a) Except as set forth in Section 3.21 to the Papyrus Disclosure Schedule there are no lessees ("Master Lessees") who have been granted the right to use, purchase, lease or license goods or services from Papyrus and to provide, resell, sublease or relicense the same to other authorized lessees or third parties. The identity of each Master Lessee and a description of all lessees and third parties to whom such Master Lessee is entitled to provide, resell, sublease or relicense goods and services of Papyrus are set forth in Section 3.21 to the Papyrus Disclosure Schedule. There are no agreements between Papyrus and any Master Lessee other than those in writing that are set forth in Section 3.21 to the Papyrus Disclosure Schedule. (b) Except as set forth in Section 3.10 to the Papyrus Disclosure Schedule, there are no licensees who have been granted the right to use, purchase, lease or license the Intellectual Property from Papyrus and to provide, resell, sublease or relicense the same to authorized sublicensees or other third parties. The identity of each licensee and a description of all sublicensees and third parties to whom such licensee is entitled to provide, resell, sublease or relicense goods and services of Papyrus are set forth in Section 3.10 to the Papyrus Disclosure Schedule.
Lease Arrangements. Pursuant to the Finance Lease Agreement, CRCC Leasing agreed to lease the Leased Assets to the Lessees for a term of 8 years. The commencement date(s) of the finance lease period shall be notified by CRCC Leasing in writing.
Lease Arrangements. 48. Unless covered by a specific delegated authority NLS shall not enter into any, property or accommodation related lease or Memorandum of Terms of Occupation (MOTO) arrangement – including the extension of an existing lease or the non-exercise of a tenant's lease break option - without the SG's prior approval. Before entering/ continuing such arrangements NLS must be able to demonstrate that the lease or MOTO offers better value for money than purchase and that all options of sharing existing public sector space have been explored. Property Division must be consulted. Non-property / accommodation related leases are subject to a specific delegated authority. NLS must have capital DEL provision for finance leases and other transactions which are in substance borrowing. Tax arrangements
Lease Arrangements. (a) Redhead Public School shall lease the Notebook to the Lessee during the lease period. The Lessee shall pay the lease fees set out in Schedule One (attached). The lease fees must be paid by the due date without any set off or deduction.
Lease Arrangements. Pursuant to the Finance Lease Agreement, ICBC Leasing agreed to lease the Leased Assets to the co-lessees for a term of 12 years. The commencement date of the finance lease period shall be notified by ICBC Leasing in writing.
Lease Arrangements. Unless covered by a specific delegated authority CS shall not enter into any finance, property or accommodation related lease arrangement – including the extension of an existing lease or the non- exercise of a tenant’s lease break - without the Scottish Government’s prior approval. Before entering / continuing such arrangements CS must be able to demonstrate that the lease offers better value for money than purchase and that all options of sharing existing public sector space have been explored. Non- property / accommodation related operating leases are subject to a specific delegated authority. CS must have capital DEL provision for finance leases and other transactions which are in substance borrowing. Tax arrangements Non-standard tax management arrangements should always be regarded as novel and/or contentious and must therefore be approved in advance by the Scottish Government. Relevant guidance is provided in the Tax Planning and Tax Avoidance section of the SPFM. CS must comply with all relevant rules on taxation, including VAT. All individuals who would qualify as employees for tax purposes should be paid through the payroll system with tax deducted at source. It is the responsibility of CS to observe VAT legislation and recover input tax where it is entitled to do so. The implications of VAT in relation to procurement and shared services should be considered at an early stage to ensure that financial efficiency is achieved. CS must also ensure that it accounts properly for any output tax on sales or disposals. Settlement, severance, early retirement and redundancy CS shall seek to deliver, and demonstrate, robust governance processes, best practice and value for money when developing and implementing a severance scheme or when developing a settlement agreement, in compliance with current policy, observing all policy limits as set out in the Settlement, severance, early retirement, redundancy section of the SPFM. Lending and guarantees Any lending by CS must adhere to the guidance in the Borrowing, Lending & Investment section of the SPFM on undertaking due diligence and seeking to establish a security. Unless covered by a specific delegated limit CS shall not, without the Scottish Government’s prior approval, lend money, charge any asset, give any guarantee or indemnity or letter of comfort, or incur any other contingent liability (as defined in the Contingent Liabilities section of the SPFM), whether or not in a legally binding form. Guarantees,...
Lease Arrangements. As part of the redevelopment project for Xxxxxxx Xxxx, the lease arrangements between BCC and BMT will be restructured. The following arrangements are proposed: Current lease will continue until practical completion of the project BMT will grant a licence to BCC for the period of the works to allow BCC and the building contractor access to carry out and complete the works A Collaboration Agreement and an Agreement to Surrender and grant a Lease, (which incorporates a Development Agreement) between BCC and BMT will both be completed prior to works starting. They will govern the relationship, governance restructure of lease arrangement, carrying out of the works and financial arrangements for the re-development project On practical completion the current lease will be surrendered and the new lease granted. There remain outstanding issues over the lease term (see Appendix A) and rent for the new lease. If the proposal for a possible 99 year lease is adopted there may be a need for a further agreement (possibly a form of option) setting out the terms and conditions to be met as a precondition to such a grant.
