land lease agreement (lla) for 100-150 mw power project at ... - BPDB

Land Lease AgreementSECTION 2: TERM2.1 TermThis Lease Agreement shall be effective upon the Project Effective Date and shall, unlessterminated earlier in accordance with the terms of this Lease Agreement, continue in full forceand effect until the earliest of (i) the last Day of the Term of the Power Purchase Agreement (assuch agreement may be extended), and (ii) the date upon which the Facility is transferred to theGOB or its designee pursuant to Section 14.1 of the Implementation Agreement (the “Term”).2.2 Scheduled Possession DateBPDB shall deliver to the Company exclusive and continuing possession of the DemisedPremises on or before the date that is no later than the Required Financial Closing Date (the“Scheduled Possession Date”). The delivery of Demised Premises shall be made inaccordance with, and subject to, Section 3.5 and the other provisions of this Lease Agreement.2.3 Possession DateThe date on which BPDB delivers to the Company exclusive and continuing possession of theDemised Premises in accordance with the provisions of this Lease Agreement shall be the“Possession Date”, provided, that the Possession Date shall not occur unless and until Take-Over has occurred in accordance with Section 3.5;8