Common use of Lease Rent Clause in Contracts

Lease Rent. The Lessee shall also, effective from the date of signing of this Lease agreement and during the term of the Lease Period, pay Lease Rent to the Lessor at the rate of 2% (Two Percent) + applicable tax of the Total Land Premium per annum (Which shall be calculated on INR 1601 per Sq m) in advance before 1st day of April of every year during the Lease Period, by way of a Demand draft or pay order in favor of the Lessor on a nationalized/scheduled bank having a branch at Raipur. However, the first ground rent shall be for the period commencing from the date of execution of the lease deed till 31st March of the subsequent calendar year in which the lease deed is executed and the same shall be deposited by the lessee at the time of execution of the lease deed. In the last year of subsistence of the lease deed, the ground rent due shall be for the period from 1st April till the lease deed ceases to be in force. Provided that, on and with effect from the thirty-first Year of this Agreement, the Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the lease rent prevalent in the thirtieth year, as decided by the NRDA and similarly on and with effect from the sixty-first Year of this Agreement, the Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the lease rent prevalent in the sixtieth year, as decided by the NRDA, under the provisions of Chhattisgarh Xxxxxxx Khsetra (Xxxxx Xxxxxxxx ka Vyayan) Niyam.

Lease Rent. The Lessee shall also, effective from the date of signing execution of this Lease agreement Agreement and during the term of the first thirty years of Lease Period, pay Lease Rent to the Lessor at the rate of 2% (Two Percent) + applicable tax of the Total Land Premium along with the applicable taxes per annum (Which shall be calculated on INR 1601 per Sq m) in advance before 1st day of April of every year during the Lease Period, by way of a Demand draft or pay order in favor favour of the Lessor on a nationalized/scheduled bank having a branch at Raipur. However, the first payment of ground rent shall be for the period commencing from the date of execution of the lease deed till 31st March of the subsequent calendar year in which the lease deed is executed and the same shall be deposited by the lessee at the time of execution of the lease deed. In the last year of subsistence of the lease deed, the ground rent due shall be for the period from 1st April till the lease deed ceases to be in force. Provided that, on and with effect from the thirty-first Year of this Agreement, the Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the lease rent prevalent in the thirtieth year, as decided by the NRDA and similarly on and with effect from the sixty-first Year of this Agreement, the Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the lease rent prevalent in the sixtieth year, as decided by the NRDA, under the provisions of Chhattisgarh Xxxxxxx Khsetra (Xxxxx Xxxxxxxx ka Vyayan) Niyam. Provided however, that the Lessee shall not assign or create any lien or encumbrance, except to the extent and in the manner specifically envisaged in this Agreement, either on the Project Land, assets of NRDA or on any of the structures/buildings/ units comprising the Project and hereby permitted to be developed by the Lessee. Provided further that Lessee shall not Sub Lease in any manner whatsoever the Project Land or development made in the Project Land or part thereof except to the extent and in the manner specifically provided in this agreement. A default in this respect shall be treated as Lessee's Event of Default and material breach of this Agreement.

Lease Rent. The Lessee shall also, effective from the date of signing execution of this Lease agreement Agreement and during the term of the first thirty years of Lease Period, pay Lease Rent to the Lessor at the rate of 2% (Two Percent) + applicable tax of the Total Land Premium along with GST and other applicable taxes per annum (Which shall be calculated on INR 1601 per Sq m) in advance before 1st day of April of every year during the Lease Period, by way of a Demand draft or pay order in favor favour of the Lessor on a nationalized/nationalized / scheduled bank having a branch at Raipur. However, the first payment of ground rent shall be for the period commencing from the date of execution of the lease deed till 31st March of the subsequent calendar year in which the lease deed is executed and the same shall be deposited by the lessee at the time of execution of the lease deed. In the last year of subsistence of the lease deed, the ground rent due shall be for the period from 1st April till the lease deed ceases to be in force. Provided that, on and with effect from the thirty-first Year of this Agreement, the Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the lease rent prevalent in the thirtieth year, as decided by the NRDA ANVP and similarly on and with effect from the sixty-first Year of this Agreement, the Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the lease rent prevalent in the sixtieth year, as decided by the NRDAANVP, under the provisions of Chhattisgarh Xxxxxxx Khsetra (Xxxxx Xxxxxxxx ka Vyayan) Niyam., 2008

Lease Rent. The Lessee shall also, effective from the date of signing execution of this Lease agreement Agreement and during the term of the first thirty years of Lease Period, pay Lease Rent to the Lessor at the rate of 2% (Two Percent) + applicable tax of the Total Land Premium along with GST and other applicable taxes per annum (Which shall be calculated on INR 1601 per Sq m) in advance before 1st day of April of every year during the Lease Period, by way of a Demand draft or pay order in favor of the Lessor on a nationalized/scheduled bank having a branch at Raipur. However, the first ground rent payment of Lease Rent shall be for the period commencing from the date of execution of the lease deed this Agreement till 31st March of the subsequent calendar year in which the lease deed Agreement is executed and the same shall be deposited by the lessee Lessee at the time of execution of the lease deedAgreement. In the last year of subsistence of the lease deedAgreement, the ground Lease rent due shall be for the period from 1st April till the lease deed Agreement ceases to be in force. Provided that, on and with effect from the thirty-first Year of this Agreement, the Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the lease rent Lease Rent prevalent in the thirtieth year, as decided by the NRDA NRANVP and similarly on and with effect from the sixty-first Year of this Agreement, the Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the lease rent Lease Rent prevalent in the sixtieth year, as decided by the NRDANRANVP, under the provisions of Chhattisgarh Xxxxxxx Khsetra (Xxxxx Xxxxxxxx ka Vyayan) NiyamNiyam 2008.

Lease Rent. The Lessee shall also, effective from the date of signing execution of this Lease agreement Agreement and during the term of the first thirty years of Lease Period, pay Lease Rent to the Lessor at the rate of 2% (Two Percent) + applicable tax of the Total Land Premium along with GST and other applicable taxes per annum (Which shall be calculated on INR 1601 per Sq m) in advance before 1st day of April of every year during the Lease Period, by way of a Demand draft or pay order in favor favour of the Lessor on a nationalized/nationalized / scheduled bank having a branch at Raipur. However, the first ground payment of lease rent shall be for the period commencing from the date of execution of the lease deed till 31st March of the subsequent calendar year in which the lease deed is executed and the same shall be deposited by the lessee at the time of execution of the lease deed. In the last year of subsistence of the lease deed, the ground rent due shall be for the period from 1st April till the lease deed ceases to be in force. Provided that, on and with effect from the thirty-first Year of this Agreement, the Lease Rent payable per annum shall stand may be increased maximum by 100% (Hundred Percent) of the lease rent prevalent in the thirtieth year, as decided by the NRDA and similarly on and with effect from the sixty-first Year of this Agreement, the Lease Rent payable per annum shall stand may be increased maximum by 100% (Hundred Percent) of the lease rent prevalent in the sixtieth year, as decided by the NRDA, under the provisions of Chhattisgarh Xxxxxxx Khsetra (Xxxxx Xxxxxxxx ka Vyayan) Niyam.

Lease Rent. The Lessee shall also, effective from the date of signing execution of this Lease agreement Agreement and during the term of the first thirty years of Lease Period, pay Lease Rent to the Lessor at the rate of 2% (Two Percent) + applicable tax of the Total Land Premium along with GST and other applicable taxes per annum (Which shall be calculated on INR 1601 per Sq m) in advance before 1st day of April of every year during the Lease Period, by way of a Demand draft or pay order in favor of the Lessor on a nationalized/scheduled bank having a branch at Raipur. However, the first ground rent payment of Lease Rent shall be for the period commencing from the date of execution of the lease deed this Agreement till 31st March of the subsequent calendar year in which the lease deed Agreement is executed and the same shall be deposited by the lessee Lessee at the time of execution of the lease deedAgreement. In the last year of subsistence of the lease deedAgreement, the ground Lease rent due shall be for the period from 1st April till the lease deed Agreement ceases to be in force. Provided that, on and with effect from the thirty-first Year of this Agreement, the Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the lease rent Lease Rent prevalent in the thirtieth year, as decided by the NRDA and similarly on and with effect from the sixty-first Year of this Agreement, the Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the lease rent Lease Rent prevalent in the sixtieth year, as decided by the NRDA, under the provisions of Chhattisgarh Xxxxxxx Khsetra (Xxxxx Xxxxxxxx ka Vyayan) NiyamNiyam 2008 .

Lease Rent. The Lessee shall also, effective from the date of signing execution of this Lease agreement Agreement and during the term of the first thirty years of Lease Period, pay Lease Rent to the Lessor at the rate of 2% (Two Percent) + applicable tax of the Total Land Premium along with GST and other applicable taxes per annum (Which shall be calculated on INR 1601 per Sq m) in advance before 1st day of April of every year during the Lease Period, by way of a Demand draft or pay order in favor favour of the Lessor on a nationalized/nationalized / scheduled bank having a branch at Raipur. However, the first payment of ground rent shall be for the period commencing from the date of execution of the lease deed till 31st March of the subsequent calendar year in which the lease deed is executed and the same shall be deposited by the lessee at the time of execution of the lease deed. In the last year of subsistence of the lease deed, the ground rent due shall be for the period from 1st April till the lease deed ceases to be in force. Provided that, on and with effect from the thirty-first Year of this Agreement, the Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the lease rent prevalent in the thirtieth year, as decided by the NRDA and similarly on and with effect from the sixty-first Year of this Agreement, the Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the lease rent prevalent in the sixtieth year, as decided by the NRDA, under the provisions of Chhattisgarh Xxxxxxx Khsetra (Xxxxx Xxxxxxxx ka Vyayan) Niyam.

Lease Rent. The Lessee shall also, effective from the date of signing execution of this Lease agreement Agreement and during the term of the first thirty years of Lease Period, pay Lease Rent to the Lessor at the rate of 2% (Two Percent) + applicable tax of the Total Land Premium along with GST and other applicable taxes per annum (Which shall be calculated on INR 1601 per Sq m) in advance before 1st day of April of every year during the Lease Period, by way of a Demand draft or pay order in favor favour of the Lessor on a nationalized/nationalized / scheduled bank having a branch at Xxxx Raipur Xxxx Nagar / Raipur. However, the first payment of ground rent shall be for the period commencing from the date of execution of the lease deed till 31st March of the subsequent calendar year in which the lease deed is executed and the same shall be deposited by the lessee at the time of execution of the lease deed. In the last year of subsistence of the lease deed, the ground rent due shall be for the period from 1st April till the lease deed ceases to be in force. Provided that, on and with effect from the thirty-first Year of this Agreement, the Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the lease rent prevalent in the thirtieth year, as decided by the NRDA NRANVP and similarly on and with effect from the sixty-first Year of this Agreement, the Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the lease rent prevalent in the sixtieth year, as decided by the NRDANRANVP, under the provisions of Chhattisgarh Xxxxxxx Khsetra (Xxxxx Xxxxxxxx ka Vyayan) Niyam., 2008

Lease Rent. The Lessee shall also, effective from the date of signing execution of this Lease agreement Agreement and during the term of the first thirty years of Lease Period, pay Lease Rent to the Lessor at the rate of 2% (Two Percent) + applicable tax of the Total Land Premium along with the applicable taxes per annum (Which shall be calculated on INR 1601 per Sq m) in advance before 1st day of April of every year during the Lease Period, by way of a Demand draft or pay order in favor favour of the Lessor on a nationalized/scheduled bank having a branch at Raipur. However, the first payment of ground rent shall be for the period commencing from the date of execution of the lease deed till 31st March of the subsequent calendar year in which the lease deed is executed and the same shall be deposited by the lessee at the time of execution of the lease deed. In the last year of subsistence of the lease deed, the ground rent due shall be for the period from 1st April till the lease deed ceases to be in force. Provided that, on and with effect from the thirty-first Year of this Agreement, the Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the lease rent prevalent in the thirtieth year, as decided by the NRDA and similarly on and with effect from the sixty-first Year of this Agreement, the Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the lease rent prevalent in the sixtieth year, as decided by the NRDA, under the provisions of Chhattisgarh Xxxxxxx Khsetra (Xxxxx Xxxxxxxx ka Vyayan) Niyam. Provided however, that the Lessee shall not assign or create any lien or encumbrance, except to the extent and in the manner specifically envisaged in this Agreement, either on the Project Land, assets of NRDA or on any of the structures/buildings/ units comprising the Project and hereby permitted to be developed by the Lessee. Provided further that Lessee shall not Sub Lease in any manner whatsoever the Project Land or development made in the Project Land or part thereof except to the extent and in the manner specifically provided in this agreement. A default in this respect shall be treated as Xxxxxx's Event of Default and material breach of this Agreement.