Lease Premium definition

Lease Premium means the upfront lump-sum payment required to be made by the Developer to Authority in instalments in terms of the Agreement as part of the Consideration, as specified in the Schedules;

Lease Premium means lease granted upon payment of the price of land as a one time down payment or installments.

Lease Premium means the fixed lease premium payable to the Authority by the Developer, as per the terms of the Development Agreement;

Examples of Lease Premium in a sentence

• The Parties hereby undertake that in the event the Consortium is declared the Selected Bidder and awarded the Project, it shall make the payment of the Lease Premium and also enter into Lease Deed for performing all its obligations as the Lessee in terms of the Lease Deed for the Project.

• Canada may consider any aspect of the Proposal, including innovative ideas and alternative approaches, which may reduce initial or future costs related to the project.

• Similarly, the Lessee shall make timely payments of the instalments of Total Lease Premium and all other dues, taxes payable by the Lessee in terms of the Payment Plan and meeting its other obligations under this Agreement, subject to the simultaneous completion of construction by NBCC.

• The Successful Bidder will have to pay an Annual Lease Rent of 0.25 % of the Lease Premium per annum excluding service tax and other rates and taxes during the lease period, besides making payment of the lease premium.

• In the event that two or more Tenderers quote the same amount of Lease Premium (the “Tie Tenderers”), the Authority shall identify the Preferred Tenderer by draw of lots, which shall be conducted, with prior notice, in the presence of the Tie Tenderers who choose to attend.

More Definitions of Lease Premium

Lease Premium means the Lease Payment payable on a Funding Date ------------- pursuant to Section 7.1.3 of the Lease Agreement.

Lease Premium means and include sum quoted by the successful Bidder in his offer/bid and accepted by the MAHAPREIT.

Lease Premium shal mean the upfront lump-sum payment required to be made by the Developer to Authority in instalments in terms of the Agreement as part of the Consideration, as specified in the Schedules;

Lease Premium means Kenya Shillings …………………………. (KShs. ………………………….);

Lease Premium plus “End of Lease Assets” (or such substantially similar terms for such substantially similar assets as may be used from time to time).

Lease Premium means fifty percent (50%) of all consideration, including rents, received by or on behalf of Tenant from its assignee or sublessee for or from such assignment or sublease which (a) in the case of an assignment are received by or on behalf of Tenant respecting such assignment of this Lease, after deducting therefrom Tenant's reasonable costs to effect the assignment, including brokerage commissions, legal fees, redecoration and refurbishing costs, and (b) in the case of a sublease are received by or on behalf of Tenant in excess of Tenant's leasing expenses (and including, without limitation, Tenant's reasonable legal fees, redecoration and refurbishing costs) and rents (including without limitation Basic Rent, Expense Rent, Tax Rent and Additional Rent) which are payable by Tenant to Landlord hereunder for or in respect of the portion of the Premises so sublet.

Lease Premium means lump sum amount that a lessee pays to a lessor for granting of a lease.The Law