If Homes England Sample Clauses

If Homes England. 7.5.1 accepts the Pre-Final Claim Change in principle, it shall be entitled to recalculate the Firm Scheme Grant allocated to the Firm Scheme by reference to the proposed change. Where the result of that recalculation is a lower Firm Scheme Grant figure than that set out in the Firm Scheme Details, Homes England will notify the Lead Partner and the Lead Partner will have twenty (20) Business Days from the date of receipt of Homes England's notification to advise Homes England as to whether the Relevant Consortium Member wishes to withdraw the Firm Scheme from this Agreement, proceed with the Firm Scheme on the basis (a) the Firm Scheme is withdrawn by the Lead Partner (on behalf of the Relevant Consortium Member), Homes England will permanently withdraw the balance of the Firm Scheme Grant allocated to such scheme and the Relevant Consortium Member must repay Homes England a sum equivalent to such part of the Firm Scheme Grant as has then been received by it (if any), such repayment to be made within fifteen (15) Business Days of receipt of Homes England's written demand for the same; (b) the Relevant Consortium Member wishes to proceed with the Firm Scheme, the Lead Partner must immediately amend the Firm Scheme Details in IMS to reflect both the Pre-Final Claim Change and the recalculated Firm Scheme Grant figure and the amended Firm Scheme Details will be deemed to be effective from the date of their acceptance by Homes England (through IMS). The remaining Tranches due to be paid to the Lead Partner in respect of the Firm Scheme (each a Remaining Tranche) will be adjusted downwards to take account of the recalculated Firm Scheme Grant figure in such proportions as Homes England shall determine. If such adjustment would result in any Remaining Tranches being a negative figure (and being therefore an overpayment of Firm Scheme Grant), the Relevant Consortium Member must pay Homes England a sum equivalent to the difference (expressed as a positive sum) between the negative figure and zero within fifteen (15) Business Days of receipt of Homes England's written demand for the same; (c) the Lead Partner (on behalf of the Relevant Consortium Member) wishes to retract the Pre-Final Claim Change, it must do so immediately via IMS and the Firm Scheme will proceed as contemplated ante the Lead Partner's submission of the Pre-Final Claim Change; or (d) a Notification Failure occurs, Homes England shall be entitled (but not obliged) to treat such failure as a decisi...
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