High Suitability List Sample Clauses

High Suitability List. (a) No later than five months prior to each five year anniversary of Financial Close, the parties will meet and discuss which of the Properties in the Agreed Pool of Properties should be listed as being properties that are likely to be in most demand by current or future Social Housing Clients during the next five Contract Years and which the Provider has recently incurred, or wishes to incur, significant capital expenditure on over this period, for this purpose taking into account: (i) the Provider’s planned or recent maintenance and capital expenditure on the Properties in that period; (ii) the suitability of each Property as compared with the Social Housing Clients then listed (or are forecast to be listed over the next Contract Year) on MSD’s social housing register as seeking housing in the region in which the Properties are located; and (iii) current and forecast Property Vacancies. (b) Following the discussion taking place between the parties in accordance with clause 13.2(a), the Provider will prepare a draft high suitability list, which will list the Properties that are likely to be most in demand by current or future Social Housing Clients in the next five Contract Years, and will submit this to MSD within three months of the next anniversary of Financial Close. Any such list shall not list more than 15% of the number of Properties in the then-current Agreed Pool of Properties. (c) No later than 20 Business Days following receipt of the Provider’s draft high suitability list, MSD shall, acting reasonably, confirm in writing: (i) that it agrees with the list of Properties on the draft high suitability list, and such list will then become the High Suitability List effective from the start of the next Contract Year and for five Contract Years thereafter; (ii) that it wishes to further negotiate or discuss the list of Properties on the draft high suitability list, in which case the parties will meet within five Business Days of MSD’s confirmation being provided to agree, in writing, on a list that will become the next High Suitability List; or (iii) that it does not agree with the list of Properties on the draft high suitability list, in which case there will be no High Suitability List that is effective from the start of the next Contract Year and for five Contract Years thereafter.
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