Land Use Right Clause Samples

Land Use Right. (1) As for land use right certificate that may be transacted, the Sellers and the Purchaser shall confirm the final handed over Target Assets List by signing on the Closing Confirmation. The completion of land use right certificate transfer formalities and delivery of such land use right certificate to the Purchaser shall be the symbol of Completion of Handover and shall be deemed as Completion of Handover. (2) If any of the Sellers has disclosed that there is any defect and it is difficult or impossible for such Seller to transact any related land use right transfer, the Sellers and the Purchaser consent to make Handover subject to the current status, and their signatures on the Closing Confirmation shall be deemed as Completion of Handover. (3) In case that it is impossible to transact land use right certificate temporarily or the land use right certificate is filed for issuance, the Sellers concerned shall successively transact land use right completion formalities and legal procedures and undertaken all expenses therefrom arising after the Completion Date, and provide necessary assistance to such Seller, including, but not limited to, furnishing necessary documentations for such filing. (4) As for land/premises rented by any of the Sellers, such Seller and the Purchaser shall complete contract handover in conformity with Article 10 herein, and their signatures on the Closing Confirmation shall be deemed as Completion of Handover. (5) The expenses in relation to land use right transfer registration shall be solely undertaken by the Purchaser.

Land Use Right. The Grantor and the Grantee agree to dispose of the buildings, fixtures and facilities attached to them within the Granted Land according to Item (1) of this Article below:

Land Use Right. In regard to the land use right injected into Party B by Party A in the form of an equity investment, aside from the disclosure thereof in the Prospectus, Party A undertakes that it has properly obtained the legal right to use such land and is entitled to inject such right into Party B in the form of an equity investment. In respect of the land which is injected into Party B in the form of an equity investment for which Party A has not yet obtained the certificate of land use right, Party A undertakes to obtain such certificate and inject such land into Party B within the shortest period of time reasonably practical following the Establishment Date of Party B. If Party B suffers any loss as a result of claims brought regarding the right to use such land, including but not limited to all related claims, lawsuits, arbitration, losses, compensation, payment, costs, expenses and expenditures, Party A shall compensate Party B in full.

Land Use Right. The Grantor shall take back the buildings, fixtures and facilities attached to them within the Granted Land without consideration. The land user shall maintain the normal utility functions of the buildings, fixtures and facilities attached to them above the ground without any intended damage. If the buildings, fixtures and facilities attached to them above the ground lose any of their normal utility functions, the Grantor may require the land user to move or demolish such buildings, fixtures and facilities attached to them above the ground and to clear the land.

Land Use Right. If Party B desires to continue to use the land upon expiration of the grant, it shall submit a renewal application to Party A two months before the expiration of grant term and, upon the approval thereof and the determination of the new term for the land use right grant, land use right grant fee and other conditions, sign a new land grant contract and handle the formalities for the registration of land use right.

Land Use Right. 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. The Parties will consult with each other and decide whether or not to extend the term of the Land Use Right of the Land at least six months before the expiration of such term. 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. Thereafter, the economic rights to the entire Building shall belong to Party B, and taxes arising from the use of Building shall be borne by Party B.

Land Use Right a) That the JDA shall provide the Land for setting up of 10 MW SPV project on right to use basis to the SPD and shall be valid for term of PPA including additional 2 years for the construction of the project and Dismantling of the project and handing over the land to JDA after the term of PPA as per clause 2.2 of this PPA. b) JDA shall claim no charges towards land use from SPD for the period mentioned in clause 1.(a) above of this Annexure.

Land Use Right. The land use right associated with the buildings is transferred. The effective period of the land use right is from 2004 to 2054; the land certificate No. is National (2004) No.402; the area is 53663.7 square meters.

Land Use Right. On 1 August 2006, Party A signed the Shanghai State-Owned Land Use Right Transfer Contract [HFDC (2006) CRHT No.36] with Housing and Land Administration Bureau of Changning District, Shanghai. On 12 November 2007, Party A signed the Shanghai State-Owned Land Use Right Transfer Contract (Supplementary) [HFDC (2007) CRHTBZ No.17] with Housing and Land Administration Bureau of Changning District, Shanghai and obtained a 50-year land use right to 4/7 Lot, 324 Community of Changning District, Shanghai (hereinafter referred to as the “Land”). Party A paid up the land use right transfer price as well as the compensation payable to Shanghai Hongqiao Linkong Economic Zone Development Co., Ltd. at the preliminary stage of the construction, and obtained the Shanghai Real Estate Title Certificate (for land) [HFDCZ (2007) No.021487] on 17 December 2007. The Shanghai Real Estate Title Certificate states as follows: location: 4/7 Lot, 324 Community of Xinjing Town; source of land use right: transfer; purpose: education and research; land area: 9,930 sqm; use term: from 1 August 2006 to 31 July 2056.