Progress Milestones. The term “Progress Milestones” shall mean those milestones specified in the Notice of Loan Award by which CIRM will measure Loan Recipient’s progress in achieving the aims of the CIRM-Funded Project.
Progress Milestones. 4.1.1. Overall Freeport progress milestones will be set out by DLUHC and will be agreed with all Freeports. In cases where a progress milestone is not applicable to the Freeport, DLUHC will mutually agree a revision or completion of that particular milestone with the Freeport.
4.1.2. The Governing Body is accountable to HMG for delivery of the Freeport according to agreed progress milestones. Progress milestones, attached at Schedule 2, will be monitored through regular check-in meetings, data reporting and contribute to the annual review process, as set out in Section 6 of this MoU.
4.1.3. The Governing Body and DLUHC will mutually agree any changes to the progress milestones or timescales.
Progress Milestones. 4.1.1. Overall Freeport progress milestones will be set out by DLUHC and will be agreed with all Freeports. In cases where a progress milestone is not applicable to the Freeport, DLUHC will mutually agree a revision or completion of that particular milestone with the Freeport.
4.1.2. EMF is accountable to HMG for delivery of the Freeport according to agreed progress milestones. Progress milestones, attached at Schedule 2, will be monitored through regular check-in meetings, data reporting and contribute to the annual review process, as set out in Section 6 of this MoU.
4.1.3. EMF and DLUHC will mutually agree any changes to delivery milestones or timescales.
Progress Milestones. 4.1.1. Overall Freeport progress milestones will be set out by DLUHC and will be agreed with all Freeports. In cases where a progress milestone is not applicable to the Freeport, DLUHC will mutually agree a revision or completion of that particular milestone with the Freeport.
Progress Milestones. Certain activities designated as “Progress Milestones” in Appendix A of the NGA.
Progress Milestones. Each Progress Milestone for such Approved Project required, if any, to have been achieved in accordance with the Construction Budget and Schedule for such Approved Project at the time such Working Capital Loan has been requested shall have been achieved by the applicable date specified in such Construction Budget and Schedule; and each Progress Milestone for such Approved Project not yet required to have been achieved in accordance with the Construction Budget and Schedule for such Approved Project at the time such Working Capital Loan has been requested shall be reasonably expected to be achieved by the applicable date specified in such Construction Budget and Schedule. Each request for a Working Capital Loan hereunder shall constitute a representation and warranty by the Borrower to the Lender that all conditions to the making or conversion of such Loan, as applicable, have been satisfied, unless such conditions have been waived in writing by Lender.
Progress Milestones. Overall Freeport progress milestones will be set out by DLUHC and will be agreed with all Freeports. In cases where a progress milestone is not applicable to the Freeport, DLUHC will mutually agree a revision or completion of that particular milestone with the Freeport. The Governing Body is accountable to HMG for delivery of the LCR Freeport according to agreed progress milestones. Progress milestones, attached at Schedule 2, will be monitored through regular check-in meetings, data reporting and contribute to the annual review process, as set out in Section 6 of this MoU. The Governing Body and DLUHC will mutually agree any changes to delivery milestones or timescales. Tax Sites The Governing Body is accountable to HMG for delivery of Parkside, 3MG and Wirral Waters, including optimising development of tax sites which: Aligns with the LCR Freeport’s target sectors of aerospace, maritime, energy, automotive, bio manufacturing, chemicals, food & drink, and fast-moving consumer goods objectives (including logistics), and vision as set out in the FBC; Would not have occurred without LCR Freeport tax site status and is not displaced from elsewhere in the UK unless clearly demonstrating growth either through larger, improved premises or more employment or the safeguarding of UK operations; and Occurs within the period for most Freeport tax reliefs (i.e. prior to October 2026)11 To achieve this, the Governing Body will: Uphold the Liverpool City Region Freeport Gateway and Northside Gateway policies in the Management Case of the FBC, ensuring that the business activities of any occupier which wishes to take advantage of the Business Rates Relief and other allowances are in line with the objectives for the Freeport, aligned to key sectors and in line with displacement objectives. Monitor and report to DLUHC on compliance with the aforementioned LCR Freeport Gateway policies; Exercise the incentives and discretionary use of retained business rates and other LCR Freeport-related support in relevant scenarios of non compliance as defined in the Commercial Case of the FBC; Monitor and report to DLUHC on the delivery of the tax sites listed in the FBC as part of the formal data reporting requirements, as set out in Section 6 of this MoU; and Inform DLUHC of any delays to the delivery of the tax sites. If existing LCR Freeport tax sites are converted to Investment Zone status, or any Investment Zones sites are to be designated within an existing Freeport outer boundar...
