Management Company Default Deposit means the sum calculated as follows: ((A x £12.90 Index Linked (CPIX) from quarter 1 2015) ÷ 15) + 10% of the capital cost of any Play Area transferred Where: A is the area in square metres of the Open Space and Incidental Open Space comprised in a Phase which is to be transferred to the Management Company which is subject to the Management Company Default Deposit Contribution
Management Company Default Deposit means the sum calculated as follows: ((A x £12.90 Index Linked (CPIX) from quarter 1 2015) ÷ 15) + 10% of the capital cost of any Play Area transferred Where: A is the area in square metres of the Open Space and Incidental Open Space comprised in a Phase which is to be transferred to the Management Company to be paid to the District Council in accordance with this Schedule to be available to the District Council in the event of default or failure by the Management Company to maintain any of the Combined Green Spaces and Play Areas that are transferred to the Management Company
Management Company Default Deposit means if applicable the sum calculated as follows: (A × the Open Space Commuted Sum) Index Linked + (B × the Hedgerows Commuted Sum) Index Linked + (C ×the SUDS Commuted Sum) Index Linked ÷ 15 Where: A is the area in square metres of the Open Space; B is the length in linear metres of hedgerows or mature trees comprised in the Open Space and C is the area in square metres of any attenuation pond comprised in the SUDS such areas and lengths being determined by reference to the appropriate Qualifying Permission
Examples of Management Company Default Deposit in a sentence
This work was funded in part by NOAA’s Climate and Global Change Program office.
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