Common use of REDRESS VALUE Clause in Contracts

REDRESS VALUE. 5.1 For the purposes of establishing: 5.1.1 a diminution in value of the Commercial Redress Property under paragraphs 4.2.1(a) or 4.2.2; or 5.1.2 the amount of any damages arising out of a breach by the Crown of any of its obligations under this Part 2 in respect of the Commercial Redress Property, the Redress Value of the Commercial Redress Property will be treated as the value of that property immediately before the relevant event or breach. 5.2 To avoid doubt, the Parties acknowledge that the Redress Value of the Commercial Redress Property will not be affected by: 5.2.1 any addition or variation to the Relevant Encumbrance agreed in writing by the Crown and the Governance Entity under paragraph 1.2; or 5.2.2 any variation to a Relevant Encumbrance agreed by the Crown and the Governance Entity under paragraph 2.2.1.