Commencement and Determination. 3.1 This Agreement shall not take effect until after the Ballot Result Date and in any event shall determine and cease to be of any further effect in the event that: (i) The BID Company fails to secure approval of the BID Proposal, Renewal Proposals or Alteration Proposals in a ballot, renewal ballot, alteration ballot or reballot; (ii) The Secretary of State declares void a BID ballot, renewal ballot, alteration ballot or reballot; (iii) The Council exercises its veto and there is no successful appeal against that veto; (iv) The BID Term expires save where the BID Company secures approval of Renewal Proposals in a renewal ballot or Alteration Proposals in an alteration ballot or proposals in a reballot in which event this Agreement shall continue, subject to a review of the terms of this Agreement by the parties to ensure that the terms of this Agreement accord with the Renewal Proposal or the Alteration Proposal as appropriate, until the expiry of the BID Term set out in the Renewal Proposals, Alteration Proposals or the proposals set out in the reballot provided, in relation to Renewal Proposals and Alteration Proposals the Council consents to such continuation; or (v) The Council exercises its discretion to terminate the BID Arrangements in exercise of powers under regulation 18 of the Regulations. (vi) The BID proposes to undertake activities undertaken within the Baseline Agreements 3.2 If, at the end of the BID Term a renewal ballot is held and is successful then the terms of this Agreement shall be reviewed and agreed between the Council and the BID Company prior to the start of the new BID term.
Appears in 1 contract
Samples: Bid Levy Operating Agreement
Commencement and Determination. 3.1 This Agreement shall not take effect until after the Ballot Result Commencement Date and in any event shall determine and cease to be of any further effect in the event that:
(i) The BID Company fails to secure approval of the BID Proposal, Renewal Proposals or Alteration Proposals in a ballot, renewal ballot, alteration ballot or reballot;
(ii) The Secretary of State declares void a BID ballot, renewal ballot, alteration ballot or reballot;
(iii) The Council exercises its veto and there is no successful appeal against that veto;
(iv) The BID Term expires save where the BID Company secures approval of Renewal Proposals in a renewal ballot or Alteration Proposals in an alteration ballot or proposals in a reballot in which event this Agreement shall continue, subject to a review of the terms of this Agreement by the parties to ensure that the terms of this Agreement accord with the Renewal Proposal or the Alteration Proposal or other proposals as appropriate, until the expiry of the BID Term set out in the Renewal Proposals, Alteration Proposals or the proposals set out in the reballot providedAND PROVIDED THAT, in relation to Renewal Proposals and Alteration Proposals the Council consents to such continuation; or
(v) The Council exercises its discretion to terminate the BID Arrangements in exercise of powers under regulation 18 of the Regulations.
(vi) The BID proposes to undertake activities undertaken within the Baseline Agreements
3.2 If, at the end of the BID Term a renewal ballot is held and is successful then the terms of this Agreement shall be reviewed and agreed between the Council and the BID Company prior to the start of the new BID term.
Appears in 1 contract
Samples: Bid Levy Operating Agreement
Commencement and Determination. 3.1 This Agreement shall not take effect until after the Ballot Result Date and in any event shall determine and cease to be of any further effect in the event that:
(i) The BID Company fails to secure approval of the BID Proposal, Renewal Proposals or Alteration Proposals in a ballot, renewal ballot, alteration ballot or reballot;
(ii) The Secretary of State declares void a BID ballot, renewal ballot, alteration ballot or reballot;
(iii) The Council exercises its veto and there is no successful appeal against that veto;
(iv) The BID Term expires save where the BID Company secures approval of Renewal Proposals in a renewal ballot or Alteration Proposals in an alteration ballot or proposals in a reballot in which event this Agreement shall continue, subject to a review of the terms of this Agreement by the parties to ensure that the terms of this Agreement accord with the Renewal Proposal or the Alteration Proposal as appropriate, until the expiry of the BID Term set out in the Renewal Proposals, Alteration Proposals or the proposals set out in the reballot provided, in relation to Renewal Proposals and Alteration Proposals the Council consents to such continuation; or
(v) The Council exercises its discretion to terminate the BID Arrangements in exercise of powers under regulation 18 of the Regulations.
(vii) The BID proposes to undertake activities undertaken within the Baseline Agreements
3.2 If, at the end of Calculate the BID Term a renewal ballot is held and is successful then Levy due from each BID Levy Payer in accordance with the terms of this Agreement shall be reviewed and agreed between the Council and BID Levy Rules; and
(ii) Confirm in writing to the BID Company prior to the start of the new BID termLevy payable by each BID Levy Payer.
Appears in 1 contract
Samples: Bid Levy Operating Agreement
Commencement and Determination. 3.1 This Agreement shall not take effect until after the Ballot Result Date and in any event shall determine and cease to be of any further effect in the event that:
(i) The BID Company fails to secure approval of the BID Proposal, Renewal Proposals or Alteration Proposals in a ballot, renewal ballot, alteration ballot or reballot;
(ii) The Secretary of State declares void a BID ballot, renewal ballot, alteration ballot or reballot;
(iii) The Council exercises its veto and there is no successful appeal against that veto;
(iv) The BID Term expires save where the BID Company secures approval of Renewal Proposals in a renewal ballot or Alteration Proposals in an alteration ballot or proposals in a reballot in which event this Agreement shall continue, subject to a review of the terms of this Agreement by the parties to ensure that the terms of this Agreement accord with the Renewal Proposal or the Alteration Proposal as appropriate, until the expiry of the BID Term set out in the Renewal Proposals, Alteration Proposals or the proposals set out in the reballot provided, in relation to Renewal Proposals and Alteration Proposals the Council consents to such continuation; or
(v) The Council exercises its discretion to terminate the BID Arrangements in exercise of powers under regulation 18 of the Regulations.
(vi) The BID proposes to undertake activities undertaken within the Baseline Agreements
3.2 If, at the end of the BID Term a renewal ballot is held and is successful then the terms of this Agreement shall be reviewed and agreed between the Council and the BID Company prior to the start of the new BID term.
Appears in 1 contract
Samples: Bid Levy Operating Agreement