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Common use of Where Homes Clause in Contracts

Where Homes. England becomes aware either via the Contract Monitoring Outputs or through other monitoring, that delivery of the Approved Capital Bid has not been secured in accordance with the requirements of this Agreement or is unlikely to be so secured (a Delivery Failure), Homes England may in order to address such Delivery Failure issue an Allocation Change Notice requiring: 3.3.1 a reduction, increase or other change to the number of AHP Dwellings to be delivered; and/or 3.3.2 a reduction or other adjustment to the Allocated Capital Grant or to any Firm Scheme Grant; and/or 3.3.3 any other change to the Approved Capital Bid that Homes England deems reasonably necessary, and such Allocation Change Notice shall be discussed as soon as reasonably practicable by the parties and in any event within fifteen (15) Business Days of the date of issue of the Allocation Change Notice.

Appears in 3 contracts

Samples: Grant Agreement, Grant Agreement, Grant Agreement

Where Homes. England becomes aware either via the Contract Monitoring Outputs or through other monitoring, that delivery of the Approved Capital Bid has not been secured in accordance with the requirements of this Agreement or is unlikely to be so secured (a Delivery Failure), Homes England may in order to address such Delivery Failure issue an Allocation Change Notice requiring: 3.3.1 a reduction, increase or other change to the number of AHP Dwellings to be delivered; and/or 3.3.2 a reduction or other adjustment to the Allocated Capital Grant or to any Firm Scheme Grant; and/or 3.3.3 any other change to the Approved Capital Bid that Homes England deems reasonably necessary, and such Allocation Change Notice shall be discussed as soon as reasonably practicable by the parties and in any event within fifteen (15) Business Days of the date of issue of the Allocation Change Noticeits issue.

Appears in 2 contracts

Samples: Grant Agreement, Grant Agreement