Common use of Obligations of the Lessor Clause in Contracts

Obligations of the Lessor. 6.1 The lessor shall be obliged to hand over the leased land to the lessee, within one month period of time from the date this lease agreement is signed, free from any obstructions and other impediments that may hinder the activities of the project. 6.2 The lessor, considering the fact that this is a major investment operation, shall be obliged to provide and execute special privileges, to the lessee, such as exemptions from taxation and import duties on capital goods, and repatriation of capital and profits in accordance with the laws of Ethiopia that are proclaimed for foreign companies. 6.3 The lessor shall ensure the lessee that there are no legal or other limitations whatsoever that may restrict the lessee from executing its duties as far as clearing the land or implementing the objectives or other appropriate auxiliary duties that are covered under this agreement. 6.4 The lessor shall arrange to the lessee to use facilities of federal government and regional state administration research centers with fee for the purpose of soil testing and surveying. 6.5 If the lessee, in accordance with the obligations of this contract, fails to develop the leased land within the time limits stated in this contract or causes damage to the natural resources or becomes unable to pay rental fees timely, the lessor may decide to terminate the lease contract due to the failures of the lessee stated above by providing a six month prior notice of warning. In the absence of such notice to the lessee, the lessor may extend the time limit for another six month period of time. 6.6 The lessor shall be obliged to cooperate (in providing adequate security), free of charge, so that the lessee may develop the land peacefully free from any trouble, riot, or disturbance other than force majeure.

Obligations of the Lessor. 6.1 The lessor shall be obliged to hand over the leased land to the lessee, within one month period of time from the date this lease agreement is signed, free from any obstructions and other impediments that may hinder the activities of the project. 6.2 The lessor, considering the fact that this is a major investment operation, shall be obliged to provide and execute special privileges, to the lessee, such as exemptions from taxation and import duties on capital goodsagricultural tools and machineries, and repatriation of capital and profits in accordance with the laws of Ethiopia that are proclaimed for foreign companies. 6.3 The lessor shall ensure the lessee that there are no legal or other limitations whatsoever that may restrict the lessee from executing its duties as far as clearing the land or implementing the objectives or other appropriate auxiliary duties that are covered under this agreement. 6.4 The lessor shall arrange to the lessee to use facilities of federal government and regional state administration research centers with fee for the purpose of soil testing and surveying. 6.5 If the lessee, in accordance with the obligations of this contract, fails to develop the leased land within the time limits stated in this contract or causes damage to the natural resources or becomes unable to pay rental fees timely, the lessor may decide to terminate the lease contract due to the failures of the lessee stated above by providing a six month prior notice of warning. In the absence of such notice to the lessee, the lessor may extend the time limit for another six month period of time. 6.6 The lessor shall be obliged to cooperate (in providing adequate security), free of charge, so that the lessee may develop the land peacefully free from any trouble, riot, or disturbance other than force majeure.