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) 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 NRDA.
Examples of Land Premium in a sentence
The Lessee shall also, effective from the date of signing of Lease Cum Development Agreement and during the term of the Lease Period, pay Lease Rent to the CEO, NRANVP at the rate of 2% (Two Percent) of the Total Land Premium per annum and applicable Goods and Service Tax (GST) in advance before 1st day of April of every year during the Lease Period, by way of a Demand draft or pay order in favour of the CEO, NRANVP on a nationalized/scheduled bank having a branch at Raipur/Nava Raipur Atal Nagar.
In the event that two or more Bidders quote the same amount of Land Premium (the “ Tie Bidders”), the Authority shall select the Bidder achieving the highest Technical Threshold Capacity as per clause 9 as Successful Bidder.
Tender of rate less than the Reserve Land Premium shall be summarily rejected.
The Lease Agreement shall be executed after receiving the 100% of Total Land Premium from the Successful Tenderer.
In the event that two or more Tenderers quote the same amount of Land Premium (the " Tie Tenderers"), the Authority shall identify the Successful Tenderer by a random draw of lots, which shall be conducted, with prior notice, in the presence of the Tie Tenderers who choose to attend.
More Definitions of Land Premium
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...
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 ANVP 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 ANVP.
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 100% of the land premium upfront to NRDA. Prior to the execution of Agreement for the 250 Bedded Multi Super Specialty Hospital project, the successful bidder shall submit Performance Security of INR 2,11,00,000 (In Words (INR) Two Crore Eleven Lakh only) by way of an irrevocable Bank Guarantee appended in (Schedule III) issued by Nationalised Bank or Scheduled Bank in the prescribed format. The said performance security should be valid through the commencement of operations as mentioned in the RFP document. Payment Schedule is as follows: S. No Payment as % of Land Premium Payment Schedule 1. 100% upfront payment of the Land premium calculated on fixed land rate of INR 1 Per sq. m within Sixty (Sixty) days of issue of the Notice of Award (NoA)
Land Premium means the land premium for STTL No.520;
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 the land premium for Area 56;