Common use of Acknowledgements, Representations and Warranties Clause in Contracts

Acknowledgements, Representations and Warranties. 3.1 Without prejudice to any other term of this Agreement, the Grant Recipient: 3.1.1 expressly acknowledges the Agreed Principles and agrees to observe them and to be bound by them; 3.1.2 represents and warrants in the terms set out in Part 2 of Schedule 1 to the GLA on the date hereof and on each day during the currency of this Agreement; and 3.1.3 acknowledges and agrees that the GLA is relying on such representations and warranties and that each of such warranties and representations shall be separate and independent and, save as expressly provided to the contrary, shall not be limited by reference to any of them or by any other provisions of this Agreement. 3.2 The parties agree that the Benchmark Rent Levels shall be increased in accordance with the following: 3.2.1 subject to Condition 3.2.2, the Benchmark Rent Levels for each successive Financial Year (New Financial Year) after the Financial Year 2017/2018 shall be increased with effect from 1 April in such New Financial Year in accordance with the following formula: Benchmark Rent Level = ABRL x (CPIx + 1.01) Where ABRL = the actual Benchmark Rent Level for the Financial Year prior to the New Financial Year for which the calculation is being carried out; and CPIx = the 12-month inflation rate figure (drawn from the CPI and expressed as a decimal) published for September in the Financial Year prior to the New Financial Year for which the calculation is being carried out.

Acknowledgements, Representations and Warranties. 3.1 Without prejudice to any other term of this Agreement, the Grant Recipient: 3.1.1 expressly acknowledges the Agreed Principles and agrees to observe them and to be bound by them; 3.1.2 represents and warrants in the terms set out in Part 2 of Schedule 1 to the GLA on the date hereof and on each day during the currency of this Agreement; and 3.1.3 acknowledges and agrees that the GLA is relying on such representations and warranties and that each of such warranties and representations shall be separate and independent and, save as expressly provided to the contrary, shall not be limited by reference to any of them or by any other provisions of this Agreement. 3.2 The parties agree that the Benchmark Rent Levels shall be increased in accordance with the following: : 3.2.1 subject to Condition 3.2.2, the Benchmark Rent Levels for each successive Financial Year (New Financial Year) after the Financial Year 2017/2018 shall be increased with effect from 1 April in such New Financial Year in accordance with the following formula: Benchmark Rent Level = ABRL x (CPIx + 1.01) Where ABRL = the actual Benchmark Rent Level for the Financial Year prior to the New Financial Year for which the calculation is being carried out; and CPIx = the 12-month inflation rate figure (drawn from the CPI and expressed as a decimal) published for September in the Financial Year prior to the New Financial Year for which the calculation is being carried out. 3.2.2 If for any New Financial Year the calculation of (CPIx + 1.01) produces a figure less than 1 the product of the calculation shall be deemed to equal 1.

Acknowledgements, Representations and Warranties. 3.1 Without prejudice to any other term of this Agreement, the Grant Recipient: 3.1.1 expressly acknowledges the Agreed Principles and agrees to observe them and to be bound by them; 3.1.2 represents and warrants in the terms set out in Part 2 of Schedule 1 to the GLA on the date hereof and on each day during the currency of this Agreement; and 3.1.3 acknowledges and agrees that the GLA is relying on such representations and warranties and that each of such warranties and representations shall be separate and independent and, save as expressly provided to the contrary, shall not be limited by reference to any of them or by any other provisions of this Agreement. 3.2 The parties agree that the Benchmark Rent Levels shall be increased in accordance with the following: : 3.2.1 subject Subject to Condition 3.2.2, the Benchmark Rent Levels for each successive Financial Year (New Financial Year) after the Financial Year 2017/2018 shall be increased with effect from 1 April in such New Financial Year in accordance with the following formula: Benchmark Rent Level = ABRL x (CPIx + 1.01) Where ABRL = the actual Benchmark Rent Level for the Financial Year prior to the New Financial Year for which the calculation is being carried out; and CPIx = the 12-month inflation rate figure (drawn from the CPI and expressed as a decimal) published for September in the Financial Year prior to the New Financial Year for which the calculation is being carried out. 3.2.2 If for any New Financial Year the calculation of (CPIx + 1.01) produces a figure less than 1 the product of the calculation shall be deemed to equal 1.

Acknowledgements, Representations and Warranties. 3.1 Without prejudice to any other term of this Agreement, the Grant Recipient: 3.1.1 expressly acknowledges the Agreed Principles and agrees to observe them and to be bound by them; 3.1.2 represents and warrants in the terms set out in Part 2 of Schedule 1 to the GLA on the date hereof and on each day during the currency of this Agreement; and 3.1.3 acknowledges and agrees that the GLA is relying on such representations and warranties and that each of such warranties and representations shall be separate and independent and, save as expressly provided to the contrary, shall not be limited by reference to any of them or by any other provisions of this Agreement. 3.2 The parties agree that the Benchmark Rent Levels shall be increased in accordance with the following: 3.2.1 subject to Condition 3.2.2, the Benchmark Rent Levels for each successive Financial Year (New Financial Year) after the Financial Year 2017/2018 2018/2019 shall be increased with effect from 1 April in such New Financial Year in accordance with the following formula: Benchmark Rent Level = ABRL x (CPIx + 1.01) Where ABRL = the actual Benchmark Rent Level for the Financial Year prior to the New Financial Year for which the calculation is being carried out; and CPIx = the 12-month inflation rate figure (drawn from the CPI and expressed as a decimal) published for September in the Financial Year prior to the New Financial Year for which the calculation is being carried out.

Acknowledgements, Representations and Warranties. 3.1 Without prejudice to any other term of this Agreement, the Grant Recipienteach Consortium Member: 3.1.1 expressly acknowledges the Agreed Principles and agrees to observe them and to be bound by them; 3.1.2 represents and warrants in the terms set out in Part 2 2A or Part 2B of Schedule 1 (as applicable) to the GLA on the date hereof and on each day during the currency of this Agreement; and 3.1.3 acknowledges and agrees that the GLA is relying on such representations and warranties and that each of such warranties and representations shall be separate and independent and, save as expressly provided to the contrary, shall not be limited by reference to any of them or by any other provisions of this Agreement. 3.2 The parties agree that the Benchmark Rent Levels shall be increased in accordance with the following: : 3.2.1 subject to Condition 3.2.2, the Benchmark Rent Levels for each successive Financial Year (New Financial Year) after the Financial Year 2017/2018 shall be increased with effect from 1 April in such New Financial Year in accordance with the following formula: Benchmark Rent Level = ABRL x (CPIx + 1.01) Where ABRL = the actual Benchmark Rent Level for the Financial Year prior to the New Financial Year for which the calculation is being carried out; and CPIx = the 12-month inflation rate figure (drawn from the CPI and expressed as a decimal) published for September in the Financial Year prior to the New Financial Year for which the calculation is being carried out. 3.2.2 If for any New Financial Year the calculation of (CPIx + 1.01) produces a figure less than 1 the product of the calculation shall be deemed to equal 1.

Acknowledgements, Representations and Warranties. 3.1 Without prejudice to any other term of this Agreement, the Grant Recipient: 3.1.1 expressly acknowledges the Agreed Principles and agrees to observe them and to be bound by them; 3.1.2 represents and warrants in the terms set out in Part 2 of Schedule 1 to the GLA on the date hereof and on each day during the currency of this Agreement; and 3.1.3 acknowledges and agrees that the GLA is relying on such representations and warranties and that each of such warranties and representations shall be separate and independent and, save as expressly provided to the contrary, shall not be limited by reference to any of them or by any other provisions of this Agreement. 3.2 The parties agree that the Benchmark Rent Levels shall be increased in accordance with the following: 3.2.1 subject to Condition 3.2.2, the Benchmark Rent Levels for each successive Financial Year (New Financial Year) after the Financial Year 2017/2018 2019/2020 shall be increased with effect from 1 April in such New Financial Year in accordance with the following formula: Benchmark Rent Level = ABRL x (CPIx + 1.01) Where ABRL = the actual Benchmark Rent Level for the Financial Year prior to the New Financial Year for which the calculation is being carried out; and CPIx = the 12-month inflation rate figure (drawn from the CPI and expressed as a decimal) published for September in the Financial Year prior to the New Financial Year for which the calculation is being carried out.

Acknowledgements, Representations and Warranties. 3.1 Without prejudice to any other term of this Agreement, the Grant Recipienteach Consortium Member: 3.1.1 expressly acknowledges the Agreed Principles and agrees to observe them and to be bound by them; 3.1.2 represents and warrants in the terms set out in Part 2 2A or Part 2B of Schedule 1 (as applicable) to the GLA on the date hereof and on each day during the currency of this Agreement; and 3.1.3 acknowledges and agrees that the GLA is relying on such representations and warranties and that each of such warranties and representations shall be separate and independent and, save as expressly provided to the contrary, shall not be limited by reference to any of them or by any other provisions of this Agreement. 3.2 The parties agree that the Benchmark Rent Levels shall be increased in accordance with the following: 3.2.1 subject to Condition 3.2.2, the Benchmark Rent Levels for each successive Financial Year (New Financial Year) after the Financial Year 2017/2018 shall be increased with effect from 1 April in such New Financial Year in accordance with the following formula: Benchmark Rent Level = ABRL x (CPIx + 1.01) Where ABRL = the actual Benchmark Rent Level for the Financial Year prior to the New Financial Year for which the calculation is being carried out; and CPIx = the 12-month inflation rate figure (drawn from the CPI and expressed as a decimal) published for September in the Financial Year prior to the New Financial Year for which the calculation is being carried out.

Acknowledgements, Representations and Warranties. 3.1 Without prejudice to any other term of this Agreement, the Grant Recipient: 3.1.1 expressly acknowledges the Agreed Principles and agrees to observe them and to be bound by them; 3.1.2 represents and warrants in the terms set out in Part 2 of Schedule 1 to the GLA on the date hereof and on each day during the currency of this Agreement; and 3.1.3 acknowledges and agrees that the GLA is relying on such representations and warranties and that each of such warranties and representations shall be separate and independent and, save as expressly provided to the contrary, shall not be limited by reference to any of them or by any other provisions of this Agreement. 3.2 The parties agree that the Benchmark Rent Levels shall be increased in accordance with the following: : 3.2.1 subject to Condition 3.2.2, the Benchmark Rent Levels for each successive Financial Year (New Financial Year) after the Financial Year 2017/2018 shall be increased with effect from 1 April in such New Financial Year in accordance with the following formula: Benchmark Rent Level = ABRL x (CPIx + 1.01) Where ABRL = the actual Benchmark Rent Level for the Financial Year prior to the New Financial Year for which the calculation is being carried out; and CPIx = the 12-month inflation rate figure (drawn from the CPI and expressed as a decimal) published for September in the Financial Year prior to the New Financial Year for which the calculation is being carried out. 3.2.2 If for any New Financial Year the calculation of (CPIx + 1.01) produces a figure less than 1 the product of the calculation shall be deemed to equal 1. 3.3 The Grant Recipient acknowledges that where the Affordable Threshold is not met for any reason, the Grant Recipient will only be entitled to grant funding under this Agreement in respect of the Additional Units which it delivers. 3.4 The Grant Recipient further acknowledges that the Affordable Threshold encompasses the Development Site as a whole, and includes any related off-site developments comprising the Affordable Units and any private sale units.

Acknowledgements, Representations and Warranties. 3.1 Without prejudice to any other term of this Agreement, the Grant Recipient: 3.1.1 expressly acknowledges the Agreed Principles and agrees to observe them and to be bound by them; 3.1.2 represents and warrants in the terms set out in Part 2 of Schedule 1 to the GLA on the date hereof and on each day during the currency of this Agreement; and 3.1.3 acknowledges and agrees that the GLA is relying on such representations and warranties and that each of such warranties and representations shall be separate and independent and, save as expressly provided to the contrary, shall not be limited by reference to any of them or by any other provisions of this Agreement. 3.2 The parties agree that the Benchmark Rent Levels shall be increased in accordance with the following: : 3.2.1 subject to Condition 3.2.2, the Benchmark Rent Levels for each successive Financial Year (New Financial Year) after the Financial Year 2017/2018 shall be increased with effect from 1 April in such New Financial Year in accordance with the following formula: Benchmark Rent Level = ABRL x (CPIx + 1.01) Where ABRL = the actual Benchmark Rent Level for the Financial Year prior to the New Financial Year for which the calculation is being carried out; and CPIx = the 12-month inflation rate figure (drawn from the CPI and expressed as a decimal) published and 3.2.2 If for September in the Financial Year prior to the any New Financial Year for which the calculation is being carried outof (CPIx + 1.01) produces a figure less than 1 the product of the calculation shall be deemed to equal 1.

Acknowledgements, Representations and Warranties. ‌ 3.1 Without prejudice to any other term of this Agreement, the Grant Recipient: 3.1.1 expressly acknowledges the Agreed Principles and agrees to observe them and to be bound by them; 3.1.2 represents and warrants in the terms set out in Part 2 of Schedule 1 to the GLA on the date hereof and on each day during the currency of this Agreement; and 3.1.3 acknowledges and agrees that the GLA is relying on such representations and warranties and that each of such warranties and representations shall be separate and independent and, save as expressly provided to the contrary, shall not be limited by reference to any of them or by any other provisions of this Agreement. 3.2 The parties agree that the Benchmark Rent Levels shall be increased in accordance with the following: : 3.2.1 subject to Condition 3.2.2, the Benchmark Rent Levels for each successive Financial Year (New Financial Year) after the Financial Year 2017/2018 2020/2021 shall be increased with effect from 1 April in such New Financial Year in accordance with the following formula: Benchmark Rent Level = ABRL x (CPIx + 1.01) Where ABRL = the actual Benchmark Rent Level for the Financial Year prior to the New Financial Year for which the calculation is being carried out; and CPIx = the 12-month inflation rate figure (drawn from the CPI and expressed as a decimal) published for September in the Financial Year prior to the New Financial Year for which the calculation is being carried out. 3.2.2 If for any New Financial Year the calculation of (CPIx + 1.01) produces a figure less than 1 the product of the calculation shall be deemed to equal 1.

Acknowledgements, Representations and Warranties. 3.1 Without prejudice to any other term of this Agreement, the Grant Recipient: 3.1.1 expressly acknowledges the Agreed Principles and agrees to observe them and to be bound by them; 3.1.2 represents and warrants in the terms set out in Part 2 of Schedule 1 to the GLA on the date hereof and on each day during the currency of this Agreement; and 3.1.3 acknowledges and agrees that the GLA is relying on such representations and warranties and that each of such warranties and representations shall be separate and independent and, save as expressly provided to the contrary, shall not be limited by reference to any of them or by any other provisions of this Agreement. 3.2 The parties agree that the Benchmark Rent Levels shall be increased in accordance with the following: : 3.2.1 subject to Condition 3.2.2, the Benchmark Rent Levels for each successive Financial Year (New Financial Year) after the Financial Year 2017/2018 2019/2020 shall be increased with effect from 1 April in such New Financial Year in accordance with the following formula: Benchmark Rent Level = ABRL x (CPIx + 1.01) Where ABRL = the actual Benchmark Rent Level for the Financial Year prior to the New Financial Year for which the calculation is being carried out; and CPIx = the 12-month inflation rate figure (drawn from the CPI and expressed as a decimal) published for September in the Financial Year prior to the New Financial Year for which the calculation is being carried out. 3.2.2 If for any New Financial Year the calculation of (CPIx + 1.01) produces a figure less than 1 the product of the calculation shall be deemed to equal 1.