Examples of Total Land in a sentence
The Owners are the absolute and lawful owners of the property more fully described in Part I of the First Schedule hereto, (Total Land) which was purchased by the Owners from time to time.
The Lessee shall also, effective from the date of signing of Lease Cum Development Agreement and during the term of the Lease Period, pay Lease Rent to the CEO, NRANVP at the rate of 2% (Two Percent) of the Total Land Premium per annum and applicable Goods and Service Tax (GST) in advance before 1st day of April of every year during the Lease Period, by way of a Demand draft or pay order in favour of the CEO, NRANVP on a nationalized/scheduled bank having a branch at Raipur/Nava Raipur Atal Nagar.
The Lease Agreement shall be executed after receiving the 100% of Total Land Premium from the Successful Tenderer.
The Lessee shall also, effective from the date of signing of Lease cum Development Agreement and during the term of the Lease Period, pay Lease Rent to the Lessor/NRANVP/Authority at the rate of 2% (Two Percent) of the Total Land Premium per annum and applicable taxes in advance before 1st day of April of every year during the Lease Period, by way of a Demand draft or pay order in favor of the Lessor on a nationalized/scheduled bank having a branch at Raipur.
In case the Successful Tenderer fails to take the possession of the allotted plot, unless the Authority consents to extension of time for taking the possession, the Allotment shall be cancelled and the amount equivalent to 20% of the Total Land Premium shall be forfeited from the Land Premium already paid by the Tenderer and the Lease Agreement shall be terminated by paying the balance amount without any interest to the Lessee.
In case the Successful Applicant fails to take the possession of the allotted plot, unless the Authority consents to extension of time for taking the possession, the Allotment shall be cancelled and the amount equivalent to 20% of the Total Land Premium shall be forfeited from the Land Premium already paid by the Applicant and the Lease Agreement shall be terminated by paying the balance amount without any interest to the Lessee.
The Lease Agreement shall be executed after receiving the 100% of Total Land Premium from the Successful Applicant.
After payment of 100% of the Total Land Premium, Lease Rent and all other due payments, the Licensee shall be allowed to sign the Lease Agreement.
Annual Lease Rent shall be deposited at the rate of 2% (Two Percent) of the Total Land Premium per annum in advance before 15th day of April of every year during the Lease Period.
In consideration for the lease of the Demised Premises by the Lessor to the Lessee, the Lessee shall, effective from the date of signing of this Lease Agreement and during the term of the Lease Period, pay Lease Rent to the Lessor at the rate of 2% (Two Percent) of the Total Land Premium per annum in advance, by way of a Demand Draft in favour of the Lessor on a nationalized/scheduled bank having a branch at Raipur.