New Supply definition
Examples of New Supply in a sentence
If, following agreement or determination (as the case may be) of the new Liability Cap values: • the Provider wishes to add or substitute such a property to this Agreement, the Parties will enter into a variation agreement to give effect to any new Liability Cap values; or • the Provider does not wish to add or substitute such a property (or takes other actions which result in the relevant property not becoming a New Supply Property or a Property), then the Liability Cap values will not change.
Where the Provider is GST registered and/or can claim back GST in respect of the New Supply Housing Project, HUD’s % contribution above will be calculated by reference to the GST exclusive amount of the total Development Costs.
Where the New Supply Properties are being added as Properties pursuant to clause 2.3 of Schedule 8, the Agreed Rent to be included in the relevant Variation Notification for the new Properties will be [[insert Agreed Rent amount of each type of New Supply Property], subject to annual changes (except in respect of the Operating Supplement) in the relevant consumer price index for rentals in the Services Location.
If only an Operating Supplement is payable in respect of the New Supply Properties (rather than any Upfront Development Cost Funding Amount), then the following four Key Terms in square brackets should be removed, and Schedule 8 will need amending to remove the relevant Upfront Development Cost Funding Payment provisions.
If, following the Execution Date, the Provider requests to add or substitute one or more properties (during either the Development Phase or the Capacity Phase) that is not a Contemplated Type of Property, the Parties will meet to discuss and seek to agree new Liability Cap values which would apply to this Agreement if such property was added to this Agreement as either a New Supply Property or a Property.
Once the Development Phase has been completed and some or all of the New Supply Properties are to be added as Properties pursuant to clause 2.3 of Schedule 8, the Parties will complete a Variation Notification in the manner described in Schedule 4 to delete and replace the table at Schedule 4.
Volume and description of New Supply Properties [ ] new public housing places, comprised of: • [ ] x two-bedroom units; • [ ] x three-bedroom units; and • [ ] x four-bedroom units • Other as set out in the table at Schedule 4 (as that table is updated by HUD, in accordance with this Agreement, from time to time in the Housing Client System).
Where the Provider is GST registered and/or can claim back GST in respect of the New Supply Housing Project, MSD’s % contribution above will be calculated by reference to the GST Key Term Description exclusive amount of the total Development Costs.
If the rental charges are not paid within 10 days of their due date, LESSOR may recalculate all charges on a daily rental basis.
Where the parties agree to add any New Supply Properties as Properties pursuant to clause 2.4 of Schedule 9, they will enter into a variation agreement substantially in the form set out in Schedule 8 to delete and replace Schedule 4.