Surface Rent definition

Surface Rent means the fees of the demarcated area of the Mining Contract the payment conditions and duration of which shall be established in the Mining Regulations.
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Surface Rent means the monetary payment that a holder makes to the owner of land on which the holder intends to conduct exploration or production activities;
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Surface Rent means the fee payable to KPMMDD for the licensed/leased demarcated area of the license/lease to be charged under these Rules at the recovered rates specified by Government from time to time. The payment conditions and duration shall be established in the Mining Regulations;
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Examples of Surface Rent in a sentence

  • Fifth Floor Space, whether Exclusive, Common Use or Limited Common Use Space, shall be charged at the Surface Rent rate described in Section 4.3(b) hereof.

  • Any compensation referable to the fact that the owner will be deprived of the use and occupancy of the land shall be included in and covered by the Surface Rent payable pursuant to clause 6(d)(2).

  • Except as specifically provided in Section 14.3 (Special Provisions), Section 15.1 (Royalties), Section 15.3 (Royalties on Minerals Purchase by the Concessionaire for Sale or Processing and Sale), and Section 15.4 (Surface Rent), the Concessionaire shall pay all Taxes and Duties in accordance with Schedule 6 and as otherwise provided by applicable Law.

  • In lieu of the amounts prescribed by Schedule 6, Surface Rent for all Land within the Concession Area shall be US$100,000 per year for the first 10 years after the Effective Date and US$250,000 per year for the next 15 years.

  • If City exercises an Extension Option, the land value portion of both the Structure Rate and the Surface Rent will be adjusted to reflect the then-current market value of unimproved land in the vicinity of the Airport.

  • Notwithstanding Section 28.1, for so long as events of force majeure constituting war, act of war, invasion, act of public enemies, hostilities (whether war is declared or not), revolution, riot, civil commotion, or acts of terrorism prevent the Concessionaire from carrying out Operations, the Concessionaire shall be excused from the payment of Surface Rent due accruing during such period under Section 15.


More Definitions of Surface Rent

Surface Rent means the annual sum payable by the Licence Holder to the State or the owner or occupant of the Licence Area which is prescribed in the Regulations;
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Surface Rent means a fee payable to the Government for the right to explore for or exploit Mineral resources of Liberia.
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Surface Rent means the annual sum payable by the License Holder to the State or the owner or occupant of the License Area which is prescribed in the Regulations;
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Surface Rent means rent, payable by the lessee for the surface area, leased to him for the purpose of mining, at the rates prescribed by the Government.
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Related to Surface Rent

  • Rent means “eligible rent” to which regulation 12 of the Housing Benefit (Persons who have attained the qualifying age for state pension credit) Regulations 2006 refer, less any deductions in respect of non-dependants which fall to be made under paragraph 30 (non-dependant deductions);

  • Additional Rent means all amounts payable by the Tenant under this Lease except Base Rent, whether or not specifically designated as Additional Rent elsewhere in this Lease;

  • Basic Rent means the rent payable for the Aircraft pursuant to Section 3.2.1(a) of the Lease.

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Restricted Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.