Common use of Clause 16 Clause in Contracts

Clause 16. 2.8 (Repayment of Xxxxx), the Recoverable Amount shall: (a) where the termination has arisen pursuant to a Fundamental (A) Default, be a sum equal to the aggregated amount of all Firm Scheme Grant already paid by Homes England to the Grant Recipient under this Agreement; and (b) where the termination has arisen pursuant to a Specified Default, a Bid Default or a Fundamental (B) Default, be a sum equal to the Fundamental Termination Amount.

Appears in 6 contracts

Samples: Grant Agreement, Grant Agreement, Grant Agreement

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