Indicative Projects. 6.1 The Grant Recipient confirms that such details of the Indicative Projects comprised in the Original Approved Bid as are required by the GLA have been included in OPS by the date of this Agreement. 6.2 If the Indicative Projects are accepted by the GLA in OPS (pursuant to Condition 19.3.1 or otherwise) the Grant Recipient acknowledges that the terms of this Condition 6 apply from the date of that acceptance. 6.3 The Grant Recipient must ensure that the Indicative Projects are worked up so that the Committed Number of Indicative Dwellings are: 6.3.1 profiled into Named Projects on OPS in accordance with the procedures set out in Condition 7.1; 6.3.2 achieve Start on Site in the relevant SoS Year; and 6.3.3 achieve Completion in the relevant Completion Year. 6.4 If the Grant Recipient fails to comply with its obligations in Condition 6.3 the GLA shall be entitled to reduce the Indicative Allocation by the Reduction Amount and shall have no further obligation to the Grant Recipient in relation to any Non-Compliant Dwellings whether profiled into a Named Project or otherwise. 6.5 Any reduction in the Indicative Allocation will result in a commensurate reduction in the Allocated Grant.
Appears in 3 contracts
Samples: Capital Grant Agreement, Capital Grant Agreement, Capital Grant Agreement
Indicative Projects. 6.1 The Grant Recipient confirms that such details of the Indicative Projects comprised in the Original Approved Bid as are required by the GLA have been included in OPS by the date of this Agreement.
6.2 If the Indicative Projects are accepted by the GLA in OPS (pursuant to Condition 19.3.1 or otherwise) the Grant Recipient acknowledges that the terms of this Condition 6 apply from the date of that acceptance.
6.3 The Grant Recipient must ensure that the Indicative Projects are worked up so that the Committed Number of Indicative Dwellings are:
6.3.1 profiled into Named Projects on OPS in accordance with the procedures set out in Condition 7.1;; and
6.3.2 achieve Start on Site in the relevant SoS Year; and
6.3.3 achieve Completion in the relevant Completion Year.
6.4 If the Grant Recipient fails to comply with its obligations in Condition 6.3 the GLA shall be entitled to reduce the Indicative Allocation by the Reduction Amount and shall have no further obligation to the Grant Recipient in relation to any Non-Non Compliant Dwellings whether profiled into a Named Project or otherwise.
6.5 Any reduction in the Indicative Allocation will result in a commensurate reduction in the Allocated Grant.
6.6 Once an Indicative Project has been profiled into a Named Project on OPS in accordance with Condition 7.1, the Indicative Allocation shall be reduced by an amount equal to the Named Project Grant allocated to that Named Project.
Appears in 3 contracts
Samples: Capital Grant Agreement, Capital Grant Agreement, Capital Grant Agreement
Indicative Projects. 6.1 The Grant Recipient confirms that such details of the Indicative Projects comprised in the Original Approved Bid as are required by the GLA have been included in OPS by the date of this Agreement.
6.2 If the Indicative Projects are accepted by the GLA in OPS (pursuant to Condition 19.3.1 17.3 or otherwise) the Grant Recipient acknowledges that the terms of this Condition 6 apply from the date of that acceptance.
6.3 The Grant Recipient must ensure that the Indicative Projects are worked up so that the Committed Number of Indicative Dwellings are:
6.3.1 profiled into Named Projects on OPS in accordance with the procedures set out in Condition 7.1;; and
6.3.2 achieve Start on Site in the relevant SoS Year; and
6.3.3 achieve Completion in the relevant Completion Year.
6.4 If the Grant Recipient fails to comply with its obligations in Condition 6.3 the GLA shall be entitled to reduce the Indicative Allocation by the Reduction Amount and shall have no further obligation to the Grant Recipient in relation to any Non-Non Compliant Dwellings whether profiled into a Named Project or otherwise.
6.5 Any reduction in the Indicative Allocation will result in a commensurate reduction in the Allocated Grant.
6.6 Once an Indicative Project has been profiled into a Named Project on OPS in accordance with Condition 7.1, the Indicative Allocation shall be reduced by an amount equal to the Named Project Grant allocated to that Named Project.
Appears in 2 contracts
Indicative Projects. 6.1 The Grant Recipient confirms that such details of the Indicative Projects comprised in the Original Approved Bid as are required by the GLA have been included in OPS by the date of this Agreement.
6.2 If the Indicative Projects are accepted by the GLA in OPS (pursuant to Condition 19.3.1 or otherwise) the Grant Recipient acknowledges that the terms of this Condition 6 apply from the date of that acceptance.
6.3 The Grant Recipient must ensure that the Indicative Projects are worked up so that the Committed Number of Indicative Dwellings are:
6.3.1 profiled into Named Projects on OPS in accordance with the procedures set out in Condition 7.1;
6.3.2 achieve Start on Site in the relevant SoS Year; and
6.3.3 achieve Completion in the relevant Completion Year.
6.4 If the Grant Recipient fails to comply with its obligations in Condition 6.3 the GLA shall be entitled to reduce the Indicative Allocation by the Reduction Amount and shall have no further obligation to the Grant Recipient in relation to any Non-Compliant Dwellings whether profiled into a Named Project or otherwise.
6.5 Any reduction in the Indicative Allocation will result in a commensurate reduction in the Allocated Grant.
6.6 Once an Indicative Project has been profiled into a Named Project on OPS in accordance with Condition 7.3, the Indicative Allocation shall, notwithstanding the quantum of the Indicative Allocation which appears on OPS, be deemed to be reduced by an amount equal to the Named Project Grant allocated to that Named Project.
Appears in 1 contract
Samples: Capital Grant Agreement
