Named Project Grant. Recoverable Project Grant" "Total Grant Sum" and "Total Project Grant" shall (unless the context precludes such interpretation) include every Tranche thereof.
Named Project Grant means the amount of grant payable by the GLA in respect of a Named Project as set out in the relevant Named Project Details, which for the avoidance of doubt excludes Fund Proceeds; Named Project Start Date means the date set out in the Named Project Delivery Timetable by which the Named Project must have achieved Start on Site; NHBC means the National House-Building Council;
Named Project Grant. Recoverable Project Grant" and "Total Project Grant" shall (unless the context precludes such interpretation) include every Tranche thereof. Any reference to Section 8 of the Affordable Housing Capital Funding Guide in this Agreement refers to the section entitled "Resident Ballots for Estate Regeneration Projects" of such guide. Any terms used in the definition of "Subsidy" shall, unless the context requires otherwise, be construed as having the meaning given to them in the EU-UK Trade and Cooperation Agreement. Any reference to a Section and/or a Chapter of the Affordable Housing Capital Funding Guide in this Agreement shall refer to any successor, replacement or amendment of such Section or Chapter from time to time. A reference to "average" under this Agreement is a reference to the calculation of the mean average. Where the term "average of the grant rates" is used, each grant rate shall be treated as including any RCGF Funds used in respect of the relevant AHP Dwelling.
Examples of Named Project Grant in a sentence
Once Unprofiled Indicative Dwellings have been Profiled into one or more Named Projects on OPS in accordance with Condition 6.1.2 and accepted by GLA, the Indicative Allocation shall be reduced by an amount equal to the Named Project Grant allocated to those Named (Indicative) Projects.
If any Named Project Grant is found to constitute Unlawful Subsidy and/or is not capable of being restructured so as to be compliant then the Grant Recipient must repay any sum of Unlawful Subsidy plus such interest as is prescribed by the United Kingdom Competition Requirements within fifteen (15) Business Days of the GLA issuing it with a written demand for payment.
Notwithstanding anything in this Agreement, the GLA shall only provide any Named Project Grant to the extent that such payment does not give rise to Unlawful Subsidy.
The payment of Named Project Grant or any part thereof hereunder by the GLA to the Grant Recipient shall be regarded as inclusive of any VAT chargeable thereon.
This Authority is, therefore, not in a position to accede to the request made by GTIPL in this regard.
More Definitions of Named Project Grant
Named Project Grant means (subject to Condition 7.8 and Condition11.3) the amount of grant payable by the GLA in respect of a Named Project as set out in the relevant Named Project Details; New Build Project has the meaning ascribed to it in the Agreed Principles; New Named Project means a proposed Named Project or an Indicative Project which the Grant Recipient wishes to profile as a Named Project, details of which are submitted by the Grant Recipient to the GLA pursuant to Condition 7.1;
Named Project Grant means the amount of grant payable by the GLA in respect of a Named Project as set out in the relevant Named Project Details, which shall never exceed the Allocated Net Grant and for the avoidance of doubt excludes Fund Proceeds; NHBC means the National House-Building Council; Non Compliance Notification Date means the date on which the GLA notifies the Grant Recipient that it has become aware that a Named Project in respect of which Total Project Grant has been paid or utilised does not meet the Named Project Details; OPS means the "GLA Open Project System", being the GLA's on-line investment management system from time to time or any successor system;
Named Project Grant means the amount of grant payable by the GLA in respect of a Named Project as set out in the relevant Named Project Details, which for the avoidance of doubt excludes RCGF Funds; Named Project Practical Completion Date means the date set out in the Named Project Delivery Timetable by which the Named Project must have achieved Practical Completion; Named Project Start Date means the date set out in the Named Project Delivery Timetable by which the Named Project must have achieved Start on Site; New Consortium Member means a RP Provider or LA Provider approved by the GLA in writing who delivers to the GLA a Deed of Adherence in accordance with the provisions of Condition 19; NHBC means the National House-Building Council; Non Compliance Notification Date means the date on which the GLA notifies the Lead Partner that it has become aware that a Named Project in respect of which Total Project Grant has been paid or utilised does not meet the Named Project Details; Non Start Indicative Dwelling means an Unprofiled Indicative Dwelling which does not or will not achieve Start on Site in the relevant Start Year; Open Book Basis means the full and transparent disclosure and declaration of all information which the Consortium Members or Consortium Member Parties are required to maintain, keep or disclose under this Agreement including all price components including profit margins, central office overheads, Site overheads, preliminaries, contingencies and the cost of all materials, goods, equipment, work and services, apportionments of such items together with all and any books of accounts together with such other information as the GLA reasonably requires to monitor compliance with the United Kingdom Competition Requirement; Open Book Obligations mean the obligations set out in Condition 21; OPS means the "GLA Open Project System", being the GLA's on-line investment management system from time to time or any successor system; Original Approved Bid means the aggregate of the Indicative Proposals and Named Projects accepted by the GLA pursuant to Conditions 5 and 6 at the date of this Agreement;
Named Project Grant means (subject to Condition 7.8 and Condition 11.3) the amount of grant payable by the GLA in respect of a Named Project as set out in the relevant Named Project Details; New Build Project has the meaning ascribed to it in the Agreed Principles; New Named Project means a proposed Named Project or an Indicative Project which the Grant Recipient wishes to profile as a Named Project, details of which are submitted by the Grant Recipient to the GLA pursuant to Condition 7.1; Nominations Arrangements means any details of the referral and nomination arrangements applicable to a XXXXX Xxxxxxxx as agreed by the parties and set out in the Named Project Details; Non Compliance Notification Date means the date on which the GLA notifies the Grant Recipient that it has become aware that a Named Project in respect of which Named Project Grant has been paid or utilised does not meet the Named Project Details;
Named Project Grant means the amount of grant payable by the GLA in respect of a Named Project as set out in the relevant Named Project Details; Named Project (Short Interest) means a Named Project with respect to which the Grant Recipient has or will have a Secure Legal Interest which has a lease or licence with an unexpired duration which is shorter than the Minimum Period of Use; New Named Project means a proposed Named Project or an Indicative Project which the Grant Recipient wishes to profile as a Named Project, details of which are submitted by the Grant Recipient to the GLA pursuant to Condition 7.1;
Named Project Grant means the amount of grant payable by the GLA in respect of a Named Project as set out in the relevant Named Project Details;
Named Project Grant means the amount of grant payable by the GLA in respect of a Named Project as set out in the relevant Named Project Details; Named Project Start Date means the date set out in the Named Project Delivery Timetable by which the Named Project must have achieved Start on Site; Non Compliance Notification Date means the date on which the GLA notifies the Grant Recipient that it has become aware that a Named Project in respect of which it has paid Named Project Grant does not meet the Named Project Details; Open Book means the full and transparent disclosure and declaration of all information which the Grant Recipient or a Grant Recipient Party is required to maintain, keep or disclose under this Agreement including all price components including profit margins, central office overheads, site overheads, preliminaries, contingencies and the cost of all materials, goods, equipment, work and services, apportionments of such items together with all and any books of accounts, correspondence, agreements, orders, invoices, receipts and other documents available for inspection together with any other information the GLA reasonably requires to monitor compliance with the United Kingdom Competition Requirement; Open Book Obligations mean the obligations set out in Condition 15; OPS means the "GLA Open Project System", being the GLA's on-line investment management system from time to time or any successor system; Original Approved Bid means the aggregate of the proposed Named Projects accepted by the GLA in OPS at the date of this Agreement;