Land Use Right definition

Land Use Right means the right to use land in accordance with an authorisation granted in terms of a condition of approval, a zoning scheme or this Act;

Land Use Right means the right to utilise or improve land in accordance with the zoning thereof or any approved departure, consent use or condition of approval and where applicable, in accordance with a site development plan.

Land Use Right means, in respect of the Properties, all land use rights in respect of such Properties, as set forth in the Real Estate Ownership Certificates.

Examples of Land Use Right in a sentence

• As the highest of the applicable percentage ratios of the transaction is more than 0.1% but less than 5%, the connected transaction contemplated under the Land Use Right Mortgage Agreement is subject to the reporting and announcement requirements but are exempt from the independent shareholders’ approval requirement under the Hong Kong Listing Rules.

• On 7 December 2018, AVIC Huiyang entered into the Land Use Right Mortgage Agreement with AVIC Helicopter, pursuant to which, AVIC Huiyang agreed to set the Mortgage for the benefit of AVIC Helicopter over the Mortgaged Properties to create security for the joint liability guarantee provided by AVIC Helicopter in favour of AVIC Huiyang for the Loan.

• The entering into of the Land Use Right Mortgage Agreement constitutes a connected transaction of the Company under Xxxxxxx 00X xx xxx Xxxx Xxxx Listing Rules.

• In accordance of IFRS 16, the Company recognizes the value of the right-of-use asset on its consolidated statement of financial position in connection with the lease of the Land under the New Land Use Right Leasing Agreement.

• As one or more of the applicable percentage ratios (as defined under Rule 14.07 of the Hong Kong Listing Rules) in respect of the value of the right-of-use asset recognized by the Company pursuant to IFRS 16 under the New Land Use Right Leasing Agreement are more than 0.1% but all less than 5%, such connected transaction is subject to reporting, announcement and annual review requirements but exempt from the independent shareholders’ approval requirements under Chapter 14A of the Hong Kong Listing Rules.

More Definitions of Land Use Right

Land Use Right means any Allocated Land Use Right or Granted Land Use Right, as the case may be.

Land Use Right means the land use right in relation to the Site as detailed in the Real Property Certificate;

Land Use Right in relation to a land unit, means the right to utilize or improve land in accordance with its zoning, development right or land use right including any lawful consent or departure therefrom;

Land Use Right means the contract for the grant of land use right dated 19 February 2013 entered into between Lifetech Shenzhen and the Bureau of Planning and Land Resources Committee of Shenzhen, Second Municipal Branch* (深圳市規劃和國土資源委員會第二直屬管理局)

Land Use Right the land use right for a land parcel in Nanhu District, Jiaxing, the PRC to be transferred from the Company to Jiaxing Pipeline Company under the Land Use Right Transfer Agreement “Land Use Right Transfer Agreement” the land use right transfer agreement dated 17 December 2021 entered into between the Company and Jiaxing Pipeline Company in relation to the transfer of Land Use Right

Land Use Right. Leasing an agreement dated 6 October 2000 entered into between the Agreement” Company and Tongrentang Holdings, pursuant to which Tongrentang Holdings agreed to lease the Properties to the Company

Land Use Right the land use right of the piece of land occupied by the Hailong Production Facility and a tailing storage facility “Listing Rules” the Rules Governing the Listing of Securities on the Stock Exchange