Common use of Review, Monitoring and Reporting Clause in Contracts

Review, Monitoring and Reporting. ‌ 12.1 Each Consortium Member must comply fully with the contract management and reporting obligations set out in this Agreement. 12.2 Each Consortium Member acknowledges the high importance to Homes England of it being promptly advised when any circumstance occurs which may: 12.2.1 impact on its ability to Deliver any Firm Scheme in accordance with the terms of this Agreement; 12.2.2 indicate that Homes England is making available more grant than is required to Deliver any Firm Scheme or the Approved Capital Bid; 12.2.3 in the case of an LA Provider, gives rise to the making of a Section 114 Report or the issue of a Section 15 Direction; 12.2.4 constitute a breach of clauses 10 (Delivery Obligations) or 11 (Operational Obligations); or 12.2.5 constitute a Default Event, (collectively the Contract Monitoring Outputs).

Review, Monitoring and Reporting. ‌ 12.1 Each Consortium Member must comply fully with the contract management and reporting obligations set out in this Agreement. 12.2 Each Consortium Member acknowledges the high importance to Homes England of it being promptly advised when any circumstance occurs which may: 12.2.1 impact on its ability to Deliver any Firm Scheme in accordance with the terms of this Agreement; 12.2.2 indicate that Homes England is making available more grant than is required to Deliver any Firm Scheme or the Approved Capital Bid; 12.2.3 in the case of an LA Provider, gives rise to the making of a Section 114 Report or the issue of a Section 15 Direction; 12.2.4 constitute a breach of clauses 10 (Delivery Obligations) or 11 (Operational Obligations); or 12.2.5 constitute a Default Event, (collectively the Contract Monitoring Outputs).