TNAG-2662-FCO40-3858-Future-of-Hong-Kong-British-Consulate-General-1992 — Page 141

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Government's right

Of

re-entry

for

on

rights, remedies

under

default or any other

account of such or claims of the these Conditions which and shall apply also in respect of default by the Grantee in the fulfilment of his obligations under these Conditions within any extended or substituted period as if it had been the period originally provided.

Government in respect thereof shall continue in

force

Re-entry

or

or

neglect

12. (a) Upon any failure

by the Grantee to perform, observe

comply with any of these Conditions, the Government shall be entitled to re-enter upon and take back possession of the lot

any part thereof and all or any buildings, erections and works thereon or on such part, and thereupon this Agreement and the rights Of the Grantee hereunder Shall absolutely cease and determine (in respect of such part if

re-entry is upon a part only) but without prejudice nevertheless to the rights, remedies and claims of the Government in respect of any breach, non-observance or non-performance of any of these Conditions.

tho

No refund

of premium

respect

on re-entry

(b) In

OF non-performance

or

arising by the

the event of re-entry by the Government for or in out of the breach, non-observance or Grantee of the provisions of these Conditions, the Grantee shall not be entitled to any refund of the premium paid by him or any part thereof, or to any payment compensation whatsoever whether in respect of the value of the land, or

any buildings thereon, or for any amount the Grantee in the preparation, formation or

or

expended

by

for

development of the lot or otherwise.

Lease

13. (a)

these Conditions have been

performed

and

When complied with to the satisfaction of the Director, the Grantee shall subject to approval of his title by the Registrar General (Land Officer) be entitled to a lease of the lot for the term stated in the preamble to these Conditions.

lot Officer) and

endorsement by Conditions or

or

lot

(b) The Grantee shall execute and take up a lease of the When called upon to do so by the Registrar General (Land shall pay the prescribed fees therefor and an the Registrar General (Land Officer) on these or the Land Office Registers that plans of the any specified part thereof are in the Land Office and that the lease thereof must be taken up before any further dealings with the lot

specified part thereof can be registered shall

effect accordingly. In the event of more than one building being erected on the lot the Grantee may be required to take up a separate lease for the site of each separate building and shall pay the Registrar General (Land Officer) the prescribed fees for every additional lease so required to be taken up.

have

or