Land Premium means the total amount payable by the Licensee to NRANVP that is INR (Rupees only) being the consideration payable by the Licensee for the Project Land on License in strict adherence with the terms hereof.
Land Premium means the sum of Singapore Dollars One billion two hundred and sixty-three million and five (S$1,263,000,005.00) (exclusive of GST which shall be paid by the Lessee) paid by the Lessee to the Lessor for the Land;
Land Premium means the total amount payable by the Lessee to NRDA that is Rs. --------------------- (Rupees only) being the consideration payable by the Lessee for the Project Land on Lease in strict adherence with the terms hereof. NRDA received an amount of Rs. ------------------------- (Rupees only) by way of Bank Draft dated for Rs. /- (Rupees only) issued by Bank being 20% (Twenty Percent) of the accepted Land premium and the cost of assets on the land if any less the amount of EMD, (If the EMD has been deposited in the form of Bank Draft) or 20% (Twenty Percent) of the accepted Land premium if the EMD has been deposited in the form of Bank Guaranty in favour of CEO and payable at Raipur/ Naya Raipur and tax as applicable, if any and also pay advance lease rent @2% of total land premium, and submit Bank Guarantee of Balance land premium. Bank Guarantee shall be stepped down on pro rata basis against the payments received by NRDA for subsequent installments. In the event of delay beyond the due date in the payment of Remaining Land Premium/lease rent by the applicant, NRDA shall be entitled to forfeit, call in, retain and appropriate the delinquent amount from the aforesaid Bank Guarantee. In the event such bank guarantee cannot be forfeited and enchased by NRDA for any reason whatsoever, the same shall be constitute an applicant event of default and shall entitle the authority to terminate this agreement in accordance with the provisions of Article Hereof. before signing of this agreement. The Lessee shall pay the balance and outstanding land premium in accordance with the timelines specified in Schedule IV. Under no circumstance except provided in this Agreement, the accepted shall be altered and this is essence of this Agreement. Lessee The Payment Schedule is as follows: S. Payment as % of Land premium Payment Schedule No 20% of the accepted Land premium (less the within 90 (Ninety) days of issue of 1 amount of EMD if the EMD has been deposited in the Notice of Award (NoA) the form of Bank Draft) 2 20% (Twenty percent) of Land premium + Before 30 days of completion of 7% simple interest on 80% of the Premium Second Anniversary of the NoA 3 20% (Twenty percent) of Land premium + Before 30 days of completion of 7% simple interest on 60% of the Premium Third Anniversary of the NoA 4 20% (Twenty percent) of Land premium Before 30 days of completion of + 7% simple interest on 40% of the Premium Fourth Anniversary of the NoA 5 20% (Twenty percent) of Land premium + 7...
Examples of Land Premium in a sentence
If Party A decides not to extend the term of the Land Use Right while Party B intends to do so, the Parties shall discuss and decide to transfer or extend the Land Use Right under Party B’s name (without Party A being registered as a nominal owner) to the extent permitted by the then applicable laws, and the Parties shall cooperate to complete the relevant formalities, provided that Party B shall be responsible for all the Land Premium and other fees (if any) for the transfer or extension.
Issues raised by members: (3) A few Members suggested that a Land Premium Appeal Panel should be set up to adjudicate on disputes over land premium in order to speed up the process.
A few Members suggested that a Land Premium Appeal Panel should be set up to adjudicate on disputes over land premium in order to speed up the process.
If, at the expiry of the term of Land Use Right of the Land, Lifetech Shenzhen wishes to pay the Land Premium for the extension of the Land Use Right, then unless Lifetech Shenzhen decides to be responsible for all such Land Premium, Party B shall have the right to decide whether or not to fund the Land Premium according to the Capital Contribution Ratio and the parties shall enter into a separate agreement to define their rights and obligations.
More Definitions of Land Premium
Land Premium means the total amount payable by the Lessee to NRDA that is Rs. --------------------- (Rupees - only) by way of Bank Draft dated ------------------ for Rs. ------------------/- (Rupees ----------------only) issued by Bank being the consideration payable by the Lessee for the Project Land on Lease in strict adherence with the terms hereof. The Lessee has to pay 30% of the land premium upfront to NRDA.
Land Premium. ’ shall mean the highest Financial Bid payable by the Selected Bidder to the Lessor in the manner prescribed in the RFP document and in consideration of the grant of the Lease Rights.
Land Premium means the total amount payable by the Lessee to NRANVP that is Rs. ---------------- (Rupees only) by way of Bank Draft dated for Rs. /- (Rupees only) issued by Bank being the consideration payable by the Lessee for the Project Land on Lease in strict adherence with the terms hereof. The Lessee has to pay % of the land premium upfront to NRANVP.
Land Premium means the premium to be paid for the extension of the Land Use Right upon expiry of the same
Land Premium. Amount specified in annexure named as “Cost to be recovered from Bidders” forming part of RfP document.
Land Premium means the total amount payable by the Lessee to NRDA that is Rs. --------------------- (Rupees only) by way of Bank Draft dated ------------------ for Rs. ------------------/- (Rupees ----------------only) issued by Bank being the consideration payable by the Lessee for the Project Land on Lease in strict adherence with the terms hereof. The Lessee has to pay 25% of the land premium upfront to NRDA. Prior to the execution of Agreement for the Multipurpose Warehouse project, the successful bidder shall submit an irrevocable Bank Guarantee appended in (Schedule III) issued by Nationalised Bank or Scheduled Bank in the prescribed format for the value equivalent to the balance land premium. The said Bank Guarantee shall be valid for Three (3) years from the date of signing of Lease agreement or till the applicant make the full payment of the land value. Payment Schedule is as follows:
Land Premium means and refer to an amount equivalent to Rs. /‐ ( ) plus service tax thereon, paid by the Preferred Bidder/Lessee to the Lessor towards Land premium, in terms of the RFP, the LOI and the provisions hereof, in consideration of the grant of the Lease rights, as envisaged hereunder, in respect of the Project Site.