Common use of Protected Areas Clause in Contracts

Protected Areas. 4.3.1 Upon the resale of a Protected Area Repurchased property, FSG recovery as per the staircasing rules will apply (see below). However, the first sale of shares in a repurchased property will not be deemed an exempt disposal and FSG will become recoverable immediately the share is sold and a sales receipt realised. 4.3.2 The resale of a FSG funded Protected Area repurchased property must be at market value. Following the resale of the initial share, recoverable FSG should be calculated according to the percentage of the share sold compared to the total grant/grant permitted to be applied under this Agreement used to fund the repurchase. From the gross sales receipt landlords can deduct staircasing allowance and any Deemed Loan Debt apportioned as appropriate as eligible deductions. For these purposes, FSG funded property includes one in which the Grant Recipient was permitted to reapply grant which would otherwise have been repayable under this Agreement. 4.3.3 Upon staircasing the remaining FSG is recoverable on the same basis and allowing for the same eligible deductions as in 4.1.2 above.

Protected Areas. 4.3.1 Upon the resale of a Protected Area Repurchased property, FSG Financial Assistance recovery as per the staircasing rules will apply (see below). However, the first sale of shares in a repurchased property will not be deemed an exempt disposal and FSG Financial Assistance will become recoverable immediately the share is sold and a sales receipt realised. 4.3.2 The resale of a FSG Financial Assistance funded Protected Area repurchased property must be at market value. Following the resale of the initial share, recoverable FSG Financial Assistance should be calculated according to the percentage of the share sold compared to the total grant/grant permitted to be applied under this Agreement used to fund the repurchase. From the gross sales receipt landlords can deduct staircasing allowance and any Deemed Loan Debt apportioned as appropriate as eligible deductions. For these purposes, FSG Financial Assistance funded property includes one in which the Grant Recipient Landlord was permitted to reapply grant which would otherwise have been repayable under this Agreement. 4.3.3 Upon staircasing the remaining FSG Financial Assistance is recoverable on the same basis and allowing for the same eligible deductions as in 4.1.2 above.

Protected Areas. 4.3.1 Upon the resale of a Protected Area Repurchased property, FSG recovery as per the staircasing rules will apply (see below). However, the first sale of shares in a repurchased property will not be deemed an exempt disposal and FSG will become recoverable immediately the share is sold and a sales receipt realised. 4.3.2 The resale of a FSG funded Protected Area repurchased Repurchased property must be at market value. Following the resale of the initial share, recoverable FSG should be calculated according to the percentage of the share sold compared to the total grant/grant permitted to be applied under this Agreement used to fund the repurchase. From the gross sales receipt landlords the Grant Recipient can deduct staircasing allowance and any Deemed Loan Debt apportioned as appropriate as eligible deductions. For these purposes, FSG funded property includes one in which the Grant Recipient was permitted to reapply grant which would otherwise have been repayable under this Agreement. 4.3.3 Upon staircasing the remaining FSG is recoverable on the same basis and allowing for the same eligible deductions as in 4.1.2 above.

Protected Areas. 4.3.1 Upon the resale of a Protected Area Repurchased property, FSG recovery as per the staircasing rules will apply (see below). However, the first sale of shares in a repurchased property will not be deemed an exempt disposal and FSG will become recoverable immediately the share is sold and a sales receipt realised. 4.3.2 The resale of a FSG funded Protected Area repurchased property must be at market value. Following the resale of the initial share, recoverable FSG should be calculated according to the percentage of the share sold compared to the total grant/grant permitted to be applied under this Agreement used to fund the repurchase. From the gross sales receipt landlords can deduct staircasing allowance and any Deemed Loan Debt apportioned as appropriate as eligible deductions. For these purposes, FSG funded property includes one in which the Grant Recipient was permitted to reapply grant which would otherwise have been repayable under this Agreement. 4.3.3 Upon staircasing the remaining FSG is recoverable on the same basis and allowing for the same eligible deductions as in 4.1.2 above.