Lease Premium definition

Lease Premium means the upfront lump-sum payment required to be made by the Developer to Authority in instalments in terms of the Agreement as part of the Consideration, as specified in the Schedules;

Lease Premium means lease granted upon payment of the price of land as a one time down payment or installments.

Lease Premium means the fixed lease premium payable to the Authority by the Developer, as per the terms of the Development Agreement;

Examples of Lease Premium in a sentence

• Similarly, the Lessee shall make timely payments of the instalments of Total Lease Premium and all other dues, taxes payable by the Lessee in terms of the Payment Plan and meeting its other obligations under this Agreement, subject to the simultaneous completion of construction by NBCC.

• The Parties hereby undertake that in the event the Consortium is declared the Selected Bidder and awarded the Project, it shall make the payment of the Lease Premium and also enter into Lease Deed for performing all its obligations as the Lessee in terms of the Lease Deed for the Project.

• Also, interest @15% per annum on the total outstanding amount (i.e. total amount of second and third instalment as well as previous dues, if any) for the period from the due date for payment of first Installment to the due date of payment of Second Instalment or actual date of payment of outstanding amounts, whichever is earlier.[30%] of the Lease Premium and other dues, if any.

• The Lessee has made the payment of 100% of the accepted Land Lease Premium of INR /- (Rupees (In words) only) represents the land lease premium at the rate of INR per sq.

• No right shall accrue in favour of the Selected Bidder; till execution of Lease Deed is made in favour of such bidder after Lease Premium is received and the bidder is otherwise not in breach of any of the terms and conditions herein contained.

More Definitions of Lease Premium

Lease Premium means payment of lease premium fixed by KINFRA or KSIDC payable by the allottee of land as one-time down payment or in instalments under these regulations.

Lease Premium means the Lease Payment payable on a Funding Date pursuant to Section 7.1.3 of the Lease Agreement.

Lease Premium means and include sum quoted by the successful Bidder in his offer/bid and accepted by the Corporation.

Lease Premium shal mean the upfront lump-sum payment required to be made by the Developer to Authority in instalments in terms of the Agreement as part of the Consideration, as specified in the Schedules;

Lease Premium means Kenya Shillings …………………………. (KShs. ………………………….);

Lease Premium means the lump-sum payment required to be made by the selected bidder to BSCDCL in one or more installments in terms of the schedule of payment as consideration for the rights and interest granted by BSCDCL to be bidder in relation to the plot / property.

Lease Premium means the amounts payable by the Developer to NRDA on achievement of milestones and calculated in accordance with provisions of Clause 16.1.