Common use of Affordable Housing Contribution Clause in Contracts

Affordable Housing Contribution. 2.2. This contribution will be subject to indexation based on increases in the Index and calculated using the following formula: C = £Y x (B / A) Where: A is the value of the Index for the month in which the amount of the Affordable Housing Contribution is agreed (either between the parties or by the Expert) B is the value of the Index for the month immediately preceding payment of the Affordable Housing Contribution pursuant to the provisions of this Agreement £Y is the Contribution C is the level of the Contribution after the application of the Indexation formula AFFORDABLE HOUSING UNITS

Appears in 2 contracts

Samples: www.bristol.gov.uk, www.bristol.gov.uk

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Affordable Housing Contribution. 2.2. This contribution will be subject to indexation based on increases in the Index and calculated using the following formula: C = £Y x (B / A) Where: A is the value of the Index for the month in which the amount of the Affordable Housing Contribution is agreed (either between the parties or by the Expert) B is the value of the Index for the month immediately preceding payment of the Affordable Housing Contribution pursuant to the provisions of this Agreement £Y is the Contribution C is the level of the Contribution after the application of the Indexation formula AFFORDABLE HOUSING UNITSformula]

Appears in 2 contracts

Samples: www.bristol.gov.uk, www.bristol.gov.uk

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Affordable Housing Contribution. 2.2. 2.2.1 This contribution will be subject to indexation based on increases in the Index and calculated using the following formula: C = £Y x (B / A) Where: A is the value of the Index for the month in which the amount of the Affordable Housing Contribution is agreed (either between the parties or by the Expert) B is the value of the Index for the month immediately preceding payment of the Affordable Housing Contribution pursuant to the provisions of this Agreement £Y is the Contribution C is the level of the Contribution after the application of the Indexation formula AFFORDABLE HOUSING UNITSformula]

Appears in 1 contract

Samples: www.bristol.gov.uk

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