Common use of Public Open Space Clause in Contracts

Public Open Space. 3.1 The Developer covenants with the Council to pay the Public Realm and Open Space Contribution in the following instalments: (a) £100,000 (one hundred thousand pounds) on Implementation; (b) £100,000 (one hundred thousand pounds) prior to Occupation of the first Residential Unit or Commercial Unit to be Occupied; and (c) £135,000 (one hundred and thirty five thousand pounds) upon the 2nd (second) anniversary of the date that payment was made pursuant to Paragraph 3.1(b) of this Schedule.

Public Open Space. 3.1 The Developer covenants with the Council to pay the Public Realm and Open Space Contribution in the following instalments: (a) £100,000 (one hundred thousand poundsthousand) on prior to Implementation; (b) £100,000 (one hundred thousand poundsthou sand) prior to Occupation of the first 1st (first) Residential Unit [or Commercial Unit Unit] to be Occupied; and (c) £135,000 (one hundred and thirty five thousand pounds) upon the 2nd (second) ** anniversary of the date dat e that payment payme nt was made pursuant to Paragraph paragraph 3.1(b) of this Schedule.

Public Open Space. 3.1 The Developer covenants with the Council to pay the Public Realm and Open Space Contribution in the following instalments: (a) £100,000 (one hundred thousand pounds) on Implementation; (b) £100,000 (one hundred thousand pounds) prior to Occupation of the first 1st (first) Residential Unit or Commercial Unit to be Occupied; and (c) £135,000 (one hundred and thirty five thousand pounds) upon the 2nd (second) anniversary of the date that payment was made pursuant to Paragraph 3.1(b) of this Schedule.