Lease of Land Sample Clauses
Lease of Land. Lessor hereby demises and leases Lessor's interest in the Land to Lessee, and Lessee hereby rents and leases Lessor's interest in the Land from Lessor, for the Lease Term.
Lease of Land. 1 SECTION 2.2
Lease of Land in case of common areas and facilities
Lease of Land. The Land is a parcel (which will be subdivided and deeded to MOPAC as a separate parcel), as more fully described in the Lease (as hereinafter defined). Concurrently with the execution and delivery of this Agreement the parties will execute and deliver a lease of the land in the form of Exhibit II.1A (the "Lease").
Lease of Land. The Municipal Body shall lease the land required for the construction of the Project Facility at a nominal lease rental of Re. 1/- per square meter per annum for the Contract Period.
Lease of Land. Lessor hereby leases to Lessee and Lessee hereby accepts in lease from Lessor that parcel of land in Mactan Export Processing Zone with an area of two (2) hectares more or less, and more particularly bounded and described in the attached survey plan marked as Annex "A" (hereinafter called the "leased premises"), and made an integral part hereof and an additional area of One Hundred (100) Square Meters of land adjacent to said leased garbage disposal system and another additional area of TWO HUNDRED THIRTY (230) Sq. M. of land to be utilized for its incinerator plant. During any renewal term, the "leased premises" shall include all buildings and improvements on the land".
Lease of Land. (a) On the Handover Date, the Lease Agreement entered into between the Authority and the Concessionaire shall become effective in respect of the Leased Area.
(b) The Concessionaire may make a proposal to the Authority at the time of the preparation of the Port Master Plan regarding its requirement for lease over additional land for essential Terminal related activities (e.g., requirements of a buffer area or storage area). If the Concessionaire makes such a proposal and such proposal for the lease of additional land is to the satisfaction of the Authority, then the Authority and the Concessionaire shall mutually agree to the terms of a lease for such additional land, including the term of such lease, the purpose for which such additional land shall be used by the Concessionaire and the lease rental payable by the Concessionaire in respect of such additional land. The Parties agree that such lease of additional land shall not be included within the Lease Agreement and the terms of such lease of additional land may be distinct from the terms of the Lease Agreement.
Lease of Land. Landlord, in consideration of the rents hereinafter reserved and of the covenants and conditions herein set forth to be performed by Tenant, does herby demise and let unto Tenant, the Land for the term and on the conditions contained herein.
Lease of Land i. The built-up area shall be allotted to the person with whom the Lease deed for the dwelling/residential/Commercial/mixed-use unit has been executed by NRANVP as per applicable laws, on a lease of 30 years The initial lease period shall be 30 years, which shall be renewed for two such terms each of 30 years. Annual Lease rent at the rate of 2% of the total Development Premium shall be divided proportionally over the carpet area allotted/leased to residential/Commercial/mixed-use/dwelling unit owners, the same shall be collected by Owners’ Association/Housing Society from members of Owners’ Association/Housing Society and shall be paid by Owners Association/Housing Society to the NRANVP in advance. Such annual lease rent shall be increased maximum upto 100% percent at each renewal. Prior to formation of Owners’ Association/Housing Society, the lease rent shall be paid by the Residential/Commercial/mixed-use unit owner with whom the Lease Deed has been executed by NRANVP.
ii. The Developer shall develop the project as per the terms of this agreement. Once all the units are sold and all obligations as per this agreement are fulfilled by Developer, then a Conveyance deed shall be executed between the Owners’ association/housing society of the project and NRANVP with Developer as a confirming party to the said Conveyance
Lease of Land. LESSOR hereby leases to LESSEE and LESSEE hereby accepts in lease from LESSOR that parcel of land in Mactan Export Processing Zone with an area of two (2) hectares, more or less, and more particularly bounded and described in the attached Survey Plan marked as Annex "A". (hereinafter called "The Leased Premises") and made an integral part hereof and an additional areas of : (a) One Hundred (100 Sq. Ms.) Square Meters to be utilized for its mechanized garbage disposal system; (b) Two Hundred (200 Sq. Ms.) Square Meters for its incinerator plant; and (c) One Hundred Fifty (150 Sq. Ms.) Square Meters to be used in the expansion of its Nitrogen Gas Tank Area. During any 4enewal term, the "leased premises" shall include all buildings and improvements on the land."