Viability Reassessment definition
Viability Reassessment means an updated Viability Assessment which demonstrates: whether or not the Development achieves the Owner Margin Percentage; and the amount (if any) which is available for the Deferred Contribution Provided always that: the agreed percentage return to the Owner shall be no less than: the Owner Margin Percentage; and the Benchmark Land Value; Build Costs and Revenue figures that were shown as estimated amounts in the Viability Assessment shall be replaced by the actual costs and revenue figures at the date of the Viability Reassessment.
Viability Reassessment means a financial appraisal to assess the viability of the Development which appraisal shall be carried out (unless otherwise agreed in writing by the Council) using the inputs and methodology set out pro forma attached to this Deed as Annexure 6 means an updated Viability Assessment which demonstrates: (a) whether or not the Development achieves the Owner Margin Percentage; and (b) the amount (if any) which is available for the Deferred Contribution Provided always that; (c) the agreed percentage return to the Owner shall be no less than the Owner Margin Percentage; (d) the Benchmark Land Value; and "Working Day" (e) those costs and revenue figures which were shown as estimated amounts in the Viability Assessment shall be replaced by the actual costs and revenue figures at the date of the Viability Reassessment. any day which is not a Saturday, a Sunday, a bank holiday or a public holiday in England
Viability Reassessment means an updated Viability Assessment which demonstrates: (a) whether or not the Development achieves the Owner Margin Percentage; and (b) the amount (if any) which is available for the Deferred Contribution Provided always that: (c) the agreed percentage return to the Owner shall be no less than: (i) the Owner Margin Percentage; and (ii) the Benchmark Land Value; (d) Build Costs and Revenue figures that were shown as estimated amounts in the Viability Assessment shall be replaced by the actual costs and revenue figures at the date of the Viability Reassessment. any day which is not a Saturday, a Sunday, a bank holiday or a public holiday in England