COM 0439.002 1996-1998 - Laserfiche WebLink

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antiquities and specimens of Hawaiian or other ancient art or handicraft or of prehistoric, historic or archeological interest found on the Premises. Lease Year: The 12-month period (except for the first Lease Year which may be of shorter or longer duration) in which the amount of Base Rent to be paid will be fixed for the entire period. The first Lease Year will commence on the Commencement Date and end on December 31, 1998. Each subsequent Lease Year will begin on January 1 and end on December 31 of the same calendar year. Net Area: The portion of the Premises planted or capable of being planted in papaya or other crops, including land planted in transgenic papaya plants and other trees as buffer zones, and land used for roads and for administrative, operations, storage and processing buildings and facilities by Lessee, but excluding gulches, streams, other lands with slopes exceeding 35 degrees and lands used for a buffer or not otherwise plantable or planted papaya. The Net Area of the Premises shall be determined pursuant to Section 3.04. PdAdVa Product: All papaya product harvested from the Premises weighed prior to processing, regardless of the form in which the product is sold and whether the papaya product is intended for sale within the State of Hawaii, the mainland United States, or foreign countries. Papaya Product is intended to include the weight of all fruit harvested, prior to culling and processing, regardless of the use or sale of such Papaya Product. Percentage Rent: The percentage rent of ONE CENT ($.O1) per pound of Papaya Product sold and delivered to a handler as defined in 7 CFR X928.9, or a packing house to be paid by Permittees to Lessee pursuant to Section 2.03 of the Permit. Permit: A permit to be issued by Lessee to a farmer to grow papaya on the Premises in the form attached to this Lease as Exhibit B. Permittee: A farmer who has contracted with Lessee under a Permit to grow papaya on the Premises. Premium: The premium of THREE HUNDRED AND NO/100 DOLLARS ($300.00) per acre based on the Net Area to be paid by Permittees to Lessee pursuant to Section 2.01 of the Permit. RCUH: The Research Corporation of the University of Hawaii, a public instrumentality and body corporate organized pursuant to HRS Chapter 307. UH: The University of Hawaii, a body corporate organized pursuant to HRS Chapter 304. Underground Storage Tank: Any one or combination of tanks (including pipes connected thereto) used to contain an GLS 081997 12548.6 GLS 2002 064 8