Land Concession definition

Land Concession means the land concession by way of lease, for a period of 25 years, subject to renewal as of October 17, 2001 for a plot of land situated in Cotai, Macau, described with the Macau Immovable Property Registry under No. 23059 and registered in Studio City Developments Limited’s name under inscription no. 26642 of Book F, titled by Dispatch of the Secretary for Public Works and Transportation no. 100/2001 of October 9, 2001, published in the Macau Official Gazette no. 42 of October 17, 2001, as amended by Dispatch of the Secretary for Public Works and Transportation no. 31/2012 of July 19, 2012, published in the Macau Official Gazette no. 30 of July 25, 2012, and by Dispatch of Secretary for Public Works and Transportation no. 92/2015 of September 10, 2015, published in the Macau Official Gazette no. 38 of September 23, 2015 and including any other amendments from time to time to such land concession.

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Land Concession means in relation to:

Land Concession means economic land concession authorized by the Royal Government to an investor that has fulfilled the conditions required by the laws of the Kingdom of Cambodia;

Examples of Land Concession in a sentence

• Contractor recognizes that such prior written consent may be subject to Owner’s obtaining prior written consent from the Macau SAR under the Land Concession Agreement, and that Owner cannot ensure the timing or approval of such consent from the Macau SAR.

• Notwithstanding any other provision of this paragraph 15, agree to any amendment to or termination of, or assign, transfer, cancel or waive any of its rights under the Concession Contract or the Land Concession Contract without obtaining the prior written consent of the Intercreditor Agent.

• VML has good leasehold title to the Sands Macao Site pursuant to such Land Concession Contract, free and clear of all liens, encumbrances and other exceptions to title other than Permitted Liens.

• The proceeds of the Term B Funded Non-Casino Loans shall be applied by the Borrower to repay the Refinanced Debt, pay Transaction Costs, fund the Interest Escrow Account, pay Non-Casino Project Costs, finance land concession payments pursuant to Land Concession Contracts permitted by the terms of this Agreement to be entered into and exist, and make Cotai Strip Investments.

• The enforcement of the Assignment in the manner described in Clause 4.1(b), 4.1(c) and/or 4.1(d) shall, if requested by the Security Agent, be effected through the entering into a revision to the Land Concession Contract which will substitute the name and references to the Company as lessee of the Land with the name of the Security Agent or, as the case may be, the relevant assignee.

• As at the date of this announcement, Keen Wood, through China Cambodia Resources and Forest ▇▇▇▇ (which respectively hold the entire equity interest of CTM and AICD) holds the Economic Land Concession in respect of the First Forest and the Second Forest, respectively, whereas the Economic Land Concession of the Third Forest is held by CLD, a wholly-owned subsidiary of Mighty Pine.

• A true and correct copy of the Sands Macao Land Concession Contract, which shall be certified by an Authorized Officer of the Company as being in full force and effect and evidencing that the Company has been granted an exclusive lease over the land on which the Sands Macao Casino is located and the land on which the Sands Macao Podium Expansion Project will be completed by Macau SAR for a term of at least 15 years.

• The Company shall have delivered to the Disbursement Agent and the Bank Agent a survey of the Site for the Four Seasons Macao Overall Project from the Cadastre and Cartography Bureau or copies of the description of such Site attached to the applicable Land Concession Contract reasonably satisfactory in form and substance to the Bank Agent.

• The proceeds of the Term B Delayed Draw Non-Casino Loans shall be applied by the Borrower to pay Non-Casino Project Costs, finance land concession payments pursuant to Land Concession Contracts permitted by the terms of this Agreement to be entered into and exist, and make Cotai Strip Investments.

• Contractor understands that the Land Concession Agreement entered into by Owner contains various obligations on the part of Owner with respect to the use of the Site.

More Definitions of Land Concession

Land Concession means land tenure that is conceded by the state, the power to exercise which is partially delegated to its holder.

Land Concession means the lease of the Land to the Company granted by Dispatch nº 81/2004 of the Secretary for Transportation and Public Works of the Government of the Macau SAR dated 4 August 2004, the terms of which are as set out in the Land Concession Contract.