Lease Rent. The Allottee shall pay the rental charges under the Head Lease to the Burdwan Development Authority (BDA) in respect of the saleable area of the Plot equivalent to sq. mtrs. for the residue period of the Head Lease as also its renewals, if any, to be revised upwards of every 5 (five) years as contained in the Head Lease without any deductions of whatsoever nature and/or kind.
Lease Rent. The Lessee shall from the date of execution of this Agreement and during the term of first thirty years of Lease Period, pay Lease Rent to the Lessor at the rate of 2% (Two Percent) of the Total Land Premium along with GST and other applicable taxes per annum in advance before 1st day of April of every year during the Lease Period. However, the first payment of Lease Rent shall be for the period commencing from the date of execution of this Agreement till 31st March of the subsequent calendar year in which the Agreement is executed and the same shall be deposited by the Lessee at the time of execution of the Agreement. In the last year of subsistence of the Agreement, the Lease rent due shall be for the period from 1st April till the Agreement ceases to be in force. Provided that, on and with effect from the thirty-first Year of this Agreement, the Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the Lease Rent prevalent in the thirtieth year, as decided by the NRDA and similarly on and with effect from the sixty-first Year of this Agreement, the Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the Lease Rent prevalent in the sixtieth year, as decided by the NRDA, under the provisions of Chhattisgarh Xxxxxxx Khsetra (Xxxxx Xxxxxxxx ka Vyayan) Niyam 2008 .
Lease Rent. 5.1 As and by way of consideration for the grant of lease of the Demised Premises by the Lessor to the Lessee, the Lessee covenants and agrees that it shall, during the Initial Term, pay to the Lessor without demand, delay and/or demur by way of Lease Rent from time to time as under:
Lease Rent. The Allottee shall pay the rental charges under the Head Lease to the Burdwan Development Authority (BDA) in respect of the land comprised within the Bungalow for the residue period of the Head Lease as also its renewals, if any, to be revised upwards of every 5 (five) years as contained in the Head Lease without any deductions of whatsoever nature and/or kind. Further other miscellaneous charges, taxes, levies or penalties in relation to the transfer of the Bungalow including preparation of the Transfer Deed and other documents if any to be executed in pursuance thereof shall also be paid by the Allottee. [Deposits]
Lease Rent. Unless otherwise expressly stated herein, all capitalized words and phrases set out in this Schedule shall have the meaning ascribed to them in the main body of the Lease Agreement of which this Schedule forms a part. The annual rent payable under this Lease Agreement shall be calculated as follows: the winning bid amount determined by auction less $200.00 EXAMPLE
Lease Rent. Base Rent during the Option Period shall be negotiated between the parties hereto based on the fair market value of the premises based on comparable properties in the Maui Research and Technology Park area; provided, however, that in no event shall the Base Rent payable by Lessee for the Option Period or any period therein be less than the Base Rent payable by Lessee during the next preceding period. In the event the Lessor and Lessee are unable to agree on a fair market value of the premises before the commencement of a ninety (90) day period prior to the beginning of the Option Period, then the fair market value may be determined by an impartial and disinterested, recognized real estate appraiser agreed upon or approved of by both parties. In the event the parties are unable to agree on or approve of a single, impartial appraiser, then the fair market value shall be determined by three (3) impartial and disinterested, recognized real estate appraisers. Lessor and Lessee shall each appoint one appraiser and shall give the other written notice of such appointment, and if either fails to so appoint within ten (10) days after receipt of written notice of the appointment of an appraiser by the other, the one making the appointment may apply to the Judge of the Circuit Court of the Second Circuit of the State of Hawaii for appointment of a second appraiser. The two appraisers shall appoint a third appraiser, and if they fail to so appoint within ten days after the appointment of the second appraiser, either party may apply to said Judge for appointment of a third appraiser. The three appraisers shall determine such fair market value, and the decision of a majority of them shall be final, conclusive, and binding upon Lessor and Lessee; provided, however, that in no event shall the Base Rent payable by Lessee for the Option Period or any period therein be less than the Base Rent payable by Lessee during the next preceding period. Lessor and Lessee each shall pay one-half of all proper costs and expenses of such appraisal, except for their respective attorneys’ and witnesses’ fees. In the event the appraisers have not reached a decision within sixty (60) days after the expiration of the initial lease term, Lessee shall continue to pay the same Base Rent for the Option Period as reserved herein for the next preceding period until the appraisal is completed, whereupon Lessee shall pay to Lessor the deficiency, if any, between such Base Rent and the new Base Rent de...
Lease Rent. 3.1 The rent payable by the Lessee to the Lessor towards the lease of the Demised Premises shall be USD 32,659 (US Dollar Thirty Two Thousand Six Hundred Fifty Nine only) per quarter (hereinafter referred to as the “Rent”) effective from the commencement date of the Lease (“Rent Commencement Date”).
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Lease Rent. In respect of the Lease, the Company shall pay annually on the anniversary of the grant of the Mining Lease an annual rent in the amount prescribed by applicable law until the termination of the Lease. Rents payable under this clause 6(d(1)) shall be paid in US Dollars, and all such payments by the Company shall be made in such currency to the Government in accordance with the applicable law.
