Common use of Repayment of Grant Clause in Contracts

Repayment of Grant. 23.5 The Grant Recipient must pay the Recoverable Amount to Homes England within ten (10) Business Days of demand together with interest at two per centum (2%) above the base rate from time to time of the Royal Bank of Scotland plc such interest to run from the date upon which the Capital Firm Scheme Grant (or relevant part thereof) overpayment or payment in error was paid to the Grant Recipient until the date upon which Homes England receives the repayment required from the Grant Recipient under this Clause 23 (Repayment of Grant).

Repayment of Grant. 23.5 15.5 The Grant Recipient Developer must pay the Recoverable Amount to Homes England within ten (10) Business Days of demand together with interest at two per centum (2%) above the base rate from time to time of the Royal Bank of Scotland plc Scotland, such interest to run from the date upon which the Capital Firm Scheme Grant (or relevant part thereof) overpayment or payment in error (as applicable) was paid to the Grant Recipient Developer until the date upon which Homes England receives the repayment required from the Grant Recipient Developer under this Clause 23 15 (Repayment of Grant).

Repayment of Grant. 23.5 The Grant Recipient must pay the Recoverable Amount to Homes England within ten (10) Business Days of demand together with interest at two per centum (2%) above the base rate from time to time of the Royal Bank of Scotland plc such interest to run from the date upon which the Capital Firm Scheme Grant (or relevant part thereof) overpayment or payment in error was paid to the Grant Recipient until the date upon which Homes England receives the repayment required from the Grant Recipient under this Clause 23 (Repayment of GrantGrant ).