M P L A T E. Key Term Description • wrap-around support interface; and • key learnings in relation to Housing and the Housing Services. Financial and reporting Services Payment MSD will pay the Provider the Services Payment for each Payment Period in accordance with Schedule 2. The Services Payment includes the Total IRRS Payment, the Total Turnaround Payment and the Total Top-up Payment.
M P L A T E. 3.8 Within five Business Days of receipt of a notice from MSD under clause 3.6 of Schedule 1, the Provider will inform the relevant Tenant that:
M P L A T E. 3.9 The Provider, upon receiving notice under clause 3.8(a) of this Schedule 1, is to calculate the IRRS cessation date (IRRS Cessation Date) for that Tenant which will be a date that is no later than a date that allows for:
M P L A T E. Requirement Detail
M P L A T E. Key Term Description The Provider is to notify HUD once each of the above conditions is satisfied. Final date for satisfaction of Conditions Precedent [Insert date] This Agreement will be at an end and of no further force or effect if all of the Conditions Precedent have not been met by the final date set out immediately above, unless the date is extended or the Conditions Precedent are waived by HUD in its sole discretion. See also clause 5(b) of the Relationship Agreement. Term From the Commencement Date until the earlier of (i) the Expiry Date, and (ii) the termination of this Agreement in accordance with these Key Terms. See also clause 5(d) of the Relationship Agreement. Commencement Notification Once the Conditions Precedent have been satisfied or waived, HUD will issue a Commencement Notification to the Provider which confirms the Commencement Date of this Agreement and includes an updated version of the table in Schedule 4 to confirm the addresses of the Properties (or to reflect any amendment to the addresses of the Properties subsequent to the Execution Date). If, in the Provider’s view, there are errors in the Commencement Notification, the Provider will advise HUD of these within ten (10) Business Days of receipt of the Commencement Notification. If HUD agrees with the Provider, a revised Commencement Notification will be issued. If HUD has not received any advice from the Provider within ten (10) Business Days of issue of the Commencement Notification, then the Commencement Notification will be deemed to have been accepted by the Provider. Termination of this Agreement HUD may terminate this Agreement: • for convenience, without needing a specific reason, by giving the Provider not less than 95 days’ notice of termination. • in accordance with the Relationship Agreement (except clause 22.2 of the Relationship Agreement, which will not apply to this Agreement). Expiry Date [Insert contract expiry date] General Background • This Agreement sets out the key commercial terms and conditions on which XXX agrees to fund and to procure from the Provider, and the Provider agrees to provide, Properties for Eligible Tenants on a “capacity” basis. • This means that HUD will pay the Provider a Services Payment, based on: o IRRS in respect of Tenants who have been let Properties, for the duration of each relevant Tenancy (subject to any earlier termination or Abandonment); o a Total Turnaround Payment; o a Total Top-up Payment; and
M P L A T E. PART B –
M P L A T E. Key Term Description • This means that HUD will pay the Provider a Services Payment, based on: o IRRS in respect of Tenants who have been let Properties, for the duration of each relevant Tenancy (subject to any earlier termination or Abandonment); o a Total Turnaround Payment; o a Total Top-up Payment; and o a Total OS Payment; o less any Allowable Deductions. • The Relationship Agreement sets out the core terms applicable to HUD’s and the Provider’s contracting arrangements for the provision of Housing and/or Housing Services. • The terms of the Relationship Agreement apply to all Services provided to HUD pursuant to any Services Agreement (see clause 3.6(b) of the Relationship Agreement), including this Agreement. • By signing the relevant Contract Documents, HUD and the Provider agree to be bound by and to perform their obligations in accordance with this Agreement (including the Schedules), the Relationship Agreement, any other Contract Documents and the Operational Guidelines. Precedence This Agreement and the Relationship Agreement are each subject to the terms of the Financier Direct Deed (if any). The Financier Direct Deed (if any) will prevail over this Agreement and the Relationship Agreement in the event of any conflict between the Financier Direct Deed and this Agreement or the Relationship Agreement. This Agreement prevails over the Relationship Agreement in the event of any conflict between the two agreements. Interpretation Terms that are defined for the purposes of this Agreement are in Schedule 5. Any other capitalised terms have the meaning in clause 1.1 of the Relationship Agreement. Clause 2(b) of the Relationship Agreement (Interpretation) also applies to this Agreement as if it were set out in full in this Agreement. Parties’ representatives and contact details (including for the purposes of the Relationship Management Group) HUD’s Representative [name title address DDI / cell email] Provider’s Representative [name title address DDI / cell email] Each party may replace its nominated representative above during the Term by notice to the other party. T E M P L A T E Key Term Description Annual Relationship Meeting Annual Relationship Meeting Without limiting clause 7 of the Relationship Agreement, the Relationship Management Group is to hold an annual relationship meeting within 20 Business Days of each anniversary of the Commencement Date to review how the strategic partnering between HUD and the Provider is working. The Relationship ...
M P L A T E. 4.1 The initial Agreed Rent for each Property is set out in Schedule 4. The Market Rent component of the Agreed Rent is subject to annual indexation as identified in the Key Terms and in accordance with the annual movement (increase or decrease (provided the Market Rent must always be equal to, or greater than, the Minimum Market Rent)) in the latest Consumer Price Index.
M P L A T E. (a) provided at least five Business Days’ notice of the relevant Property’s actual or impending vacancy to HUD and MSD via the Housing Client System; and
M P L A T E. Variations
