Dead Rent definition

Dead Rent means the minimum guaranteed amount payable for mining lease which is calculated as per the area of the lease and revisable as provided in these rules;

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Dead Rent means the minimum guaranteed amount of royalty per year payable as per rules of agreement under a mining lease;

Dead Rent means the minimum amount payable in a year by the person granted a mining lease under these rules irrespective of the fact as to whether or not he operates/ could operate the area fully or partly;

Examples of Dead Rent in a sentence

• COMPANY (A) shall pay Dead Rent at the rates set out in Annexure IV.

• And COMPANY (A) shall pay Dead Rent to the Department of Mines annually for each financial year two equal installment each payable within 30 (thirty) days after 1st April and 1st October in each year during the term.

• COMPANY (A) shall pay prevailing administrative fees and charges for facilities or services rendered and pay Dead Rent to the Department of Mines in currency permitted by Myanmar Foreign Trade Bank during the Term in two equal installments each payable within 30 (thirty) days in advance for each installment.

• In addition to performance security deposit, the JVC is required to make a payment of Dead Rent as applicable from time to time, per hectare, every year to the government authorities concerned.

• COMPANY (A) shall pay Dead Rent in Kyats upon the invoice to the Department of Mines within 30 (thirty) days after the date of signing.

More Definitions of Dead Rent

Dead Rent means the rent of the leased area to be charged under these rules at the recovered rates specified by Government from time to time;

Dead Rent means dead rent payable in accordance with the West Bengal Minor Mineral Concession Rules, 2016.

Dead Rent means the minimum amount payable in a year by a person to whom a mining lease is granted under these rules irrespective of the fact whether such mining lease is operated or not.

Dead Rent means the minimum guaranteed amount of royalty per year payable as per the rules or agreement under a mining lease. As per clause 9A of MMDR Act, 1957, a lease holder has to pay dead rent at such rate, as may be specified, for the time being. The details of dead rent due, paid and outstanding in respect of five blocks of limestone mines in Umrangshu since their allotment to the Company are given in Table 2.4.6.

Dead Rent means the minimum guaranteed amount payable for Mining Lease which is calculated on annual basis as per the Schedule II appended and revised as per provisions of these rules;

Dead Rent means a rent payable to the Government by a lessee under these rules for every year except for the first year of the period of quarrying lease from the date of execution of the lease at the rates stipulated in Schedule II of these rules or the amount of royalty payable by a lessee in one year for the quantity of the mineral removed or consumed by him from the leasehold, whichever is higher;