Section Leases190 Clause Samples

Section Leases190. (a) Subject to clause 4.8 and paragraph (c), from the Date of Completion of: (i) each relevant Section that comprises or includes Company Land, the State shall grant; and (A) the Company shall accept, the relevant Company Lease; and (B) the Trustee shall accept, the relevant Trust Concurrent Lease; and (ii) each relevant Section that comprises or includes Trust Land, the State shall grant and the Trustee shall accept, the relevant Trust Lease. (b) The Company and the Trustee shall ensure that the Company has such rights granted by the Trustee in relation to the Trust Land as may be necessary or desirable to enable the Company to perform its obligations to the State under the Project Documents. (c) Each Lease will provide for a lease of such of the land (or a lease of such interests in such of the land) identified in paragraph (a) of the definition of Company Land (in the case of a Company Lease or Trust Concurrent Lease), or paragraph (a) of the definition of Trust Land (in the case of a Trust Lease), as is necessary for the Company or the Trustee (as applicable) to have possession of, and (unless created or granted prior to the grant of the Lease) a grant of such easements over such of that land as is necessary for the Company or the Trustee to have, in order for the Company and the Trustee to perform their obligations and exercise their rights under this Deed and the Leases, (as identified in the plan of survey referred to in clause 4.8(a), and, hence:191 (i) some parcels of land included in the Project Land prior to the grant of a Lease may not continue to form part of the Project Land; and (ii) the Leases may, in part, be only of interests in land or of undivided strata of land.