BID Term definition

BID Term means 1st April 2019 to 31st March 2024

BID Term means 1 December 2023 to 30 November 2028 or the date of earlier termination of this Agreement under Clause 3.1

BID Term means 1 April 2021 to 31 March 2026, Provided that: • on the expiry of The New West End Company BID Arrangements on 31 March 2026 unless a renewal ballot for successor BID Arrangements for the BID has not been successful the BID Term shall expire on 31 March 2026; • or The New West End Company BID Arrangements, or any successor BID Arrangements have been terminated under Regulation 18 of the 2004 Regulations the BID Term shall expire on the date of termination of The New West End Company BID Arrangements or successor BID Arrangements, as the case may be; or • Any successor BID Arrangements have been vetoed under Regulation 12 of the 2004 Regulations and any appeal against such veto has not been upheld under Regulation 13, the BID Term shall expire on 31 March 2026. “Billing Authority” “Chargeable Period(s)”‌ - means the Council means any one of the following periods: - 01/04/21 – 31/03/22 - 01/04/22 – 31/03/23 - 01/04/23 – 31/03/24 - 01/04/24 – 31/03/25 - 01/04/25 – 31/03/26 Provided always that such period falls within the BID Term.

Examples of BID Term in a sentence

• If, at the end of the BID Term a renewal ballot is held and is successful then the terms of this Agreement shall be reviewed and agreed between the Council and the BID Company prior to the start of the new BID term.

• Table of BID Levy Bands based on rateable valueAnnual BID LevyUp to £20,000£ 32020,001 - 35,000£ 50035,001 - 70,000£ 80070,001 -100,000£1200100,001-170,000£2000Over £170,000£3000 Subsequent BID Levies will be calculated according to the above table of BID Levy bands of the rateable value of the hereditament using the 2005 list, as compiled by the Valuation Office Agency, and using any amended values shown on the schedules as at 1 April 2010 and 1 April in all subsequent years during the BID Term.

• The Council, within twenty (20) Working Days of receipt of an invoice for the BID Levy, will pay to the BID Company each month of every Financial Year during the BID Term a sum equal to the monies collected in that month and properly credited to the BID Revenue Account but, subject to clause 5.4 below, net of any cost incurred by the Council by way of collection and refunds.

• From the second Chargeable Period of the BID Term, the BID Levy due in respect of the Hereditament shall be the Capped Levy including indexation.

• If, at the end of the BID Term a renewal ballot is held and is successful then the terms of this Agreement shall be reviewed prior to the start of the new BID term.

More Definitions of BID Term

BID Term means the period not exceeding [5] years from 15 April 2023] or the date on which the BID Arrangements (the Operational Date of the BID Co) come into force.

BID Term. “BID Year” “Business Plan” - has the same meaning as in the Regulations - means the account kept in accordance with Regulation 14 of the Regulations. - means 1 April 2016 to 31 March 2021 - means the period 1 April to 31 March - means the BID company Business Plan 2016 - 2021

BID Term means 1st October 2021 to 30th September 2026

BID Term means 1 October 2018 to 30 September 2023 “BID Year” - means the period 1 October to 30 September “Business Plan” - means the BID company Business Plan 2018 - 2023 “Chargeable Period(s)” - means any one of the following days: - 1 October 2018 - 1 October 2019 - 1 October 2020 - 1 October 2021 - 1 October 2022

BID Term means 1st April 2013 to 31st March 2018 or the date of earlier termination of this Agreement under clause 3.1.

BID Term means DATE to DATE

BID Term means the duration of the BID as set out in the BID Proposal;