Examples of Lease Rights in a sentence
The Developer shall not, at any time during the Term, assert any ownership rights and/or lease rights over the Project Land or the Assets and Project Utilities developed thereupon, and/ or any other interests in the Project Land (save and except the Lease Rights to the Commercial Development Assets as set out under the Agreement), and/or any built-up structures and all other assets erected on the Project Land and/or shops etc., in /at the Station.
Further the Lease Rights granted to the Developer in respect of the Commercial Development Assets shall be incapable of conversion into freehold rights.
The Developer shall be entitled to the Lease Rights on the Site Commercial Development Assets only on fulfilment by it of all the Conditions Precedent in terms of Article 4 hereof.
If the Lessee transfers in any manner whatsoever the Development and/or Lease Rights of the Project Land or part thereof except to the extent and in the manner specifically provided in this agreement.
On the Commencement Date, the Lease and Easements in the Agreement shall automatically become effective, and the Parties shall be subject to all of the terms and conditions of the Agreement with respect to such Lease Rights, Easements and all rights and obligations relating thereto.