Common use of Basic Payment Scheme Clause in Contracts

Basic Payment Scheme. 14.1 The Property is not sold with Entitlements as enacted in the AA 2020 and any subsequent legislation and as set out in Schedule 9. 14.2 The Seller is entitled to the Basic Payment Scheme payment for the claim year in which completion takes place, and: (a) the Buyer warrants that the Buyer will observe and comply with the Cross Compliance Conditions, the requirements for full payment under the Basic Payment Scheme and any other conditions imposed on the Seller from completion until midnight on 31 December next following completion; (b) The Buyer shall indemnify the Seller against all expenses, costs and losses suffered or incurred by the Seller by reason of the Buyer or the Buyer's employees, agents or contractors breaching the warranty in clause 14.2(a), including but not limited to all expenses and costs incurred in the acquisition of comparable replacements for any lost Entitlements and all loss of payment under the Basic Payment Scheme. 14.3 Any dispute arising out of or in connection with this clause shall be referred to and finally resolved by expert determination in accordance with clause 16.