Examples of Leased Lands in a sentence
The Lessee understands, acknowledges and agrees that: a) the Lessor is not obligated, express or implied, to provide any access to the EXAMPLE ACCESS Leased Lands for the Lessee’s use of the Leased Lands under this Lease Agreement; and b) the Lessee is solely responsible to ensure the Lessee, during the entire Lease Term, maintains the lawful right to physically access the Leased Lands.
As the rental fees under the 2024 CMSIZ Lease Agreements would be accounted as land use rights in the Company’s financial statements in accordance with HKFRS 16, the transactions under the 2024 CMSIZ Lease Agreements would be regarded as an acquisition of the Leased Lands and constitute connected transactions of the Company.
For such purposes, the Lessee may, with the prior written authorization of the Agriculture Director, erect perimeter fences, as necessary, on the Leased Lands.
The Lessee acknowledges and agrees that no compensation whatsoever for loss of use, loss of business opportunity or loss of profitability, financial or otherwise, will be payable or provided by the Lessor where any part of the Leased Lands are withdrawn for any of the purposes or uses mentioned in Sections 12, 13 and 14 of this Lease Agreement.
Any and all rights to use forage produced on or from the Leased Lands are conditional on the continued and timely payment of all rents and other monies and there being no other breach or default under this Lease Agreement, any other lease agreement that the Lessee has entered into with the Lessor or any licence or permit granted by the Lessor to the Lessee, whether solely or jointly with or to any other person, with respect to the leasing, licensing or permitting of agricultural Crown lands under the Act.