TRAVEL PLAN AND PUBLIC TRANSPORT MEASURES. 3.1 The LG Companies will procure the implementation of the Travel Plan, including as to payments to the Council according to its terms.
3.2 TBC acknowledges in respect of the Travel Plan, the payments set out in Schedule 3.
3.3 Subject to TBC first obtaining dedication in perpetuity of the necessary land, obtaining all necessary consents and being in a position to let a construction contract for either: (i) the Works within 2 years of the Implementation Date; or (ii) the Alternative Works within 4 years of the Implementation Date, LG Park Freehold and LG Park Leasehold shall pay to TBC upon written demand the sum of £545,095 (five hundred and forty-five thousand and ninety-five pounds) for either carrying out of the Works or the Alternative Works. TBC shall Complete the Works or the Alternative Works within 12 months of the receipt of the above sum unless otherwise agreed by LG Park Freehold or LG Park Leasehold. TBC will repay to LG Park Freehold or LG Park Leasehold any of the said sum which remains unused or uncommitted for the purposes of this provision at the expiration of the period of 15 months from the receipt of the sum, unless otherwise agreed by the Parties.
