Modification of Land Act Sample Clauses

Modification of Land ActFor the purpose of this Agreement in respect of any land leased to the Company by the State the Land Act shall be deemed to be modified by —
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Modification of Land ActFor the purposes of this Agreement the Land Act is deemed to be modified — (a) in respect of the Development Area by the inclusion of a power to grant the licence to enter granted by clause 8; and (b) the inclusion of a power for the Minister for Lands to grant a lease under section 117 of the Land Act in the form set out in (c) the inclusion of a power for the Governor to issue to the Company the Crown Grants referred to in clause 10.
Modification of Land Act. (1) For the purposes of this Agreement the Land Act is deemed to be modified by — (a) the inclusion of a power to grant the licence to enter granted by clause 6; and (b) the inclusion of a power for the Minister for Lands to grant a lease under section 117 of the Land Act in the form set out in Schedule 5 and, in that lease or separately, to grant the right or option referred to in clause 7; and (c) the inclusion of a power for the Governor to issue to the Joint Venturers the Crown Grant referred to in clause 8 and, if the right or option referred to in clause 5 is exercised, a Crown Grant of the land in respect of which the right or option is exercised subject to the sub‑lease granted pursuant to clause 3(a) of Schedule 5 if the circumstances so require. (2) For the purposes of subclause 1(c), the sublease referred to in that subclause shall be deemed to survive the surrender or termination of the lease pursuant to which it is granted.
Modification of Land Act. (1) For the purposes of this Agreement the Land Act is deemed to be modified by — (a) the inclusion of a power to grant the licence to enter granted by clause 6; and (b) the inclusion of a power for the Minister for Lands to grant a lease under section 117 of the Land Act in the form set out in Schedule 5 and, in that lease or separately, to grant the right or option referred to in clause 7; and (c) the inclusion of a power for the Governor to issue to the Joint Venturers the Crown Grant referred to in clause 8 and, if the right or option referred to in clause 5 is exercised, a Crown Grant of the land in respect of which the right or option is exercised subject to the sub-lease granted pursuant to clause 3(a) of Schedule 5 if the circumstances so require.
Modification of Land Act. (1) For the purposes of this Agreement the Land Act is deemed to be modified by — (a) the inclusion of a power to grant the licence to enter granted by clause 6; and (b) the inclusion of a power for the Minister for Lands to grant a lease under section 117 of the Land Act in the form set out in (c) the inclusion of a power for the Governor to issue to the Joint Venturers the Crown Grant referred to in clause 8 and, if the right or option referred to in clause 5 is exercised, a Crown Grant of the land in respect of which the right or option is exercised subject to the sub-lease granted pursuant to clause 3 (a) of Schedule 5 if the circumstances so require. (2) For the purposes of subclause 1 (c), the sublease referred to in that subclause shall be deemed to survive the surrender or termination of the lease pursuant to which it is granted.

Related to Modification of Land Act

  • Consent of Landlord Tenant shall not assign this Lease, or sublet the Leased Premises, or any part thereof, without Landlord's prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed; provided, however, Tenant shall have the right to sublet up to fifty percent (50%) of the total rentable square feet contained within the Leased Premises without the necessity of obtaining Landlord's prior consent and without releasing the Tenant from liability under this Lease. Prior to any sublease or assignment, Tenant shall first notify Landlord in writing of its election to sublease all or a portion of the Leased Premises or to assign this Lease or any interest hereunder, and shall provide Landlord current financial information and other information requested by Landlord regarding the proposed assignee or subtenant. At any time within fifteen (15) days after service of said notice and delivery of such information, Landlord shall notify Tenant that it consents or refuses to consent to the sublease or assignment. Landlord shall not have the right to recapture any sublease or assignment space. Any denial of such sublease or assignment by Landlord as hereinabove provided must be predicated upon a "commercially reasonable basis" for such denial. Tenant shall retain any profits paid in connection with a sublease or assignment in excess of Tenant's Base Rent obligations hereunder, which profits shall be calculated after deducting all costs incurred by Tenant in connection with the space subject to the transfer, which shall include, but not be limited to, tenant improvements, leasing commissions and the time to sublease and remodel the Leased Premises. Any assignment or subletting shall not release Tenant of its liability under this Lease nor permit any subsequent assignment, subletting or other prohibited act, unless specifically provided in such consent. Within thirty (30) days of any assignment or subletting, Tenant shall provide to Landlord executed copies of all assignment or subleasing documents.

  • Modification of Agreement This Agreement may be modified, amended, suspended or terminated, and any terms or conditions may be waived, but only by a written instrument executed by the parties hereto.

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