Common use of Irrecoverable VAT on the above Clause in Contracts

Irrecoverable VAT on the above. Note 1 Note 2 Note 3 Capital costs incurred: 1.1 Which are not eligible for social housing assistance as defined in Section 32(13) of the HRA 2008; 1.2 On land (forming part of the total site acquired) which will not be used exclusively for housing provision purposes directly related to the Named Project; 1.3 On estate offices, factories, letting offices; 1.4 On stores; 1.5 On medical or dental surgeries, clinics; 1.6 On police stations, public libraries, bus shelters; 1.7 On shops, restaurants, public houses, offices; 1.8 On transformer and other related buildings; 1.9 On maintenance depots, tools, plant and vehicles; 1.10 On garages (other than integral garages on market purchase scheme types) and greenhouses; and 1.11 On separate commercial laundry blocks and related equipment. Greater London Authority [(Attention: [ ])] Dear Sirs We refer to a Grant Agreement dated [insert date] made between (1) the Greater London Authority and (2) [insert name of the Grant Recipient] (the Agreement). Capitalised terms used in this certificate, unless otherwise defined herein, shall have the same meaning as given to them in the Agreement. Pursuant to Condition 11.6 of the Agreement, we hereby confirm that based on current actual and projected information [delete one of the following options as appropriate] [the Agreement Funding together with the Decision Revenue will not exceed the Aggregate Development Costs.] / [the Agreement Funding together with the Decision Revenue is projected to exceed the Aggregate Development Costs and we have provided the details below.2 Number of AHP Dwellings which are Practically Complete [ ] Agreement Funding (actual - received for AHP Dwellings which have achieved Practical Completion) £[ ] Decision Revenue (projected - rents and first tranche sales receipts for AHP Dwellings which have achieved Practical Completion) £[ ] Actual Development Costs (in relation to the AHP Dwellings which have achieved Practical Completion) £[ ] Actual cost gap (aggregate Actual Development Costs less Decision Revenue) £[ ] Dated: ..................................................................

Irrecoverable VAT on the above. Note 1 Note 2 Note 3 Capital costs incurred: 1.1 Which which are not eligible for social housing assistance as defined in Section 32(13) of the HRA 2008; 1.2 On on land (forming part of the total site acquired) which will not be used exclusively for housing provision purposes directly related to the Named Project; 1.3 On on estate offices, factories, letting offices; 1.4 On on stores; 1.5 On on medical or dental surgeries, clinics; 1.6 On on police stations, public libraries, bus shelters; 1.7 On on shops, restaurants, public houses, offices; 1.8 On on transformer and other related buildings; 1.9 On on maintenance depots, tools, plant and vehicles; 1.10 On on garages (other than integral garages on market purchase scheme types) and greenhouses; and 1.11 On on separate commercial laundry blocks and related equipment. Greater London Authority [(Attention: [ ])] Dear Sirs We refer to a Grant Agreement dated [insert date] made between (1) the Greater London Authority and (2) [insert name of the Grant Recipient] (the Agreement). Capitalised terms used in this certificate, unless otherwise defined herein, shall have the same meaning as given to them in the Agreement. Pursuant to Condition 11.6 of the Agreement, we hereby confirm that based on current actual and projected information [delete one of the following options as appropriate] [the Agreement Funding together with the Decision Revenue will not exceed the Aggregate Development Costs.] / [the Agreement Funding together with the Decision Revenue is projected to exceed the Aggregate Development Costs and we have provided the details below.2 below2. Number of AHP Dwellings which are Practically Complete [ ] Agreement Funding (actual - received for AHP Dwellings which have achieved Practical Completion) £[ ] Decision Revenue (projected - rents and first tranche sales receipts for AHP Dwellings which have achieved Practical Completion) £[ ] Actual Development Costs (in relation to the AHP Dwellings which have achieved Practical Completion) £[ ] Actual cost gap (aggregate Actual Development Costs less Decision Revenue) )] £[ ] Dated: ..................................................................

Irrecoverable VAT on the above. Note 1 Note 2 Note 3 Capital costs incurred: 1.1 Which are not eligible for social housing assistance as defined in Section 32(13) of the HRA 2008; 1.2 On land (forming part of the total site acquired) which will not be used exclusively for housing provision purposes directly related to the Named Project; 1.3 On estate offices, factories, letting offices; 1.4 On stores; 1.5 On medical or dental surgeries, clinics; 1.6 On police stations, public libraries, bus shelters; 1.7 On shops, restaurants, public houses, offices; 1.8 On transformer and other related buildings; 1.9 On maintenance depots, tools, plant and vehicles; 1.10 On garages (other than integral garages on market purchase scheme types) and greenhouses; and 1.11 On separate commercial laundry blocks and related equipment. Greater London Authority [(Attention: [ ])] Dear Sirs We refer to a Grant Agreement dated [insert date] made between (1) the Greater London Authority and (2) [insert name of the Grant Recipient] (the Agreement). Capitalised terms used in this certificate, unless otherwise defined herein, shall have the same meaning as given to them in the Agreement. Pursuant to Condition 11.6 of the Agreement, we hereby confirm that based on current actual and projected information [delete one of the following options as appropriate] [the Agreement Funding together with the Decision Revenue will not exceed the Aggregate Development Costs.] / [the Agreement Funding together with the Decision Revenue is projected to exceed the Aggregate Development Costs and we have provided the details below.2 below2. Number of AHP Dwellings which are Practically Complete [ ] Agreement Funding (actual - received for AHP Dwellings which have achieved Practical Completion) £[ ] Decision Revenue (projected - rents and first tranche sales receipts for AHP Dwellings which have achieved Practical Completion) £[ ] Actual Development Costs (in relation to the AHP Dwellings which have achieved Practical Completion) £[ ] Actual cost gap (aggregate Actual Development Costs less Decision Revenue) )] £[ ] Dated: ..................................................................

Irrecoverable VAT on the above. Note 1 Note 2 Note 3 Capital costs incurred:3 1.1 Which which are not eligible for social housing assistance as defined in Section 32(13) of the HRA 2008; 1.2 On on land (forming part of the total site acquired) which will not be used exclusively for housing provision purposes directly related to the Named Project; 1.3 On on estate offices, factories, letting offices; 1.4 On on stores; 1.5 On on medical or dental surgeries, clinics; 1.6 On on police stations, public libraries, bus shelters; 1.7 On on shops, restaurants, public houses, offices; 1.8 On on transformer and other related buildings; 1.9 On on maintenance depots, tools, plant and vehicles; 1.10 On on garages (other than integral garages on market purchase scheme types) and greenhouses; and 1.11 On on separate commercial laundry blocks and related equipment. Greater London Authority [(Attention: [ ])] Dear Sirs We refer to a Grant Agreement dated [insert date] made between (1) the Greater London Authority and (2) [insert name of the Grant Recipient] (the Agreement). Capitalised terms used in this certificate, unless otherwise defined herein, shall have the same meaning as given to them in the Agreement. Pursuant to Condition 11.6 of the Agreement, we hereby confirm that based on current actual and projected information [delete one of the following options as appropriate] [the Agreement Funding together with the Decision Revenue will not exceed the Aggregate Development Costs.] / [the Agreement Funding together with the Decision Revenue is projected to exceed the Aggregate Development Costs and we have provided the details below.2 below2. Number of AHP Dwellings which are Practically Complete [ ] Agreement Funding (actual - received for AHP Dwellings which have achieved Practical Completion) £[ ] Decision Revenue (projected - rents and first tranche sales receipts for AHP Dwellings which have achieved Practical Completion) £[ ] Actual Development Costs (in relation to the AHP Dwellings which have achieved Practical Completion) £[ ] Actual cost gap (aggregate Actual Development Costs less Decision Revenue) )] £[ ] Dated: ..................................................................