Firm Scheme substitution and additions. 8.1 The Grant Recipient may, where he considers (acting reasonably) that a Firm Scheme constitutes an Undeliverable Scheme, request the Agency to accept the substitution of a different scheme (a Substitute Scheme) in place of the Undeliverable Scheme.
Firm Scheme substitution and additions. The Grant Recipient may request Homes England to accept the substitution of a different scheme (a Substitute Scheme) in place of an Undeliverable Scheme or a Withdrawn Scheme. If the Grant Recipient wishes to submit a Substitute Scheme, it must submit to Homes England through IMS such details of the relevant Substitute Scheme as Homes England may require. In submitting the details of the Substitute Scheme, the Grant Recipient is deemed to make and give the same representations and warranties in relation to the Substitute Scheme as it gives pursuant to Clause 5.2 (Firm Schemes) in relation to a Firm Scheme. Homes England shall consider the submitted details and if Homes England is satisfied: with the information provided; with the level of grant funding requested; with the frequency of grant payment requested; that the Substitute Scheme offers value for money; that the Substitute Scheme is consistent with the Approved Capital Bid (including the scheme cost information and information in relation to the level of the Grant Recipient's contribution); that the Grant Recipient's performance in respect of other Firm Schemes and/or Indicative Schemes has satisfied the terms of this Agreement; that Start on Site for the Substitute Scheme will occur on or before 30 September 2025 (or such other date agreed by Homes England (in its absolute discretion) in IMS) and the Substitute Scheme can be fully delivered by 31 March 2026 (or such other date agreed by Homes England (in its absolute discretion) in IMS); that no Bid Default, Fundamental Default nor Specified Default subsists; and that the Submitted Standards and the Strategic Objectives submitted in respect of such scheme by the Grant Recipient are satisfactory, Homes England shall be entitled (but not obliged) to accept the Substitute Scheme as a Firm Scheme. Where Homes England accepts a Substitute Scheme into the Approved Capital Bid pursuant to Clause 9.3 (Firm Scheme substitution and additions) it will confirm its acceptance of such scheme to the Grant Recipient through IMS. With effect from the date of Home's England's confirmation under Clause 9.4 (Firm Scheme substitution and additions): the Substitute Scheme shall constitute a Firm Scheme and shall be immediately subject to the whole terms and conditions of this Agreement; the details set out by the Grant Recipient in respect of the Substitute Scheme in IMS and as confirmed by Homes England through IMS shall be deemed to be Firm Scheme Details for the purpo...
Firm Scheme substitution and additions. 9.1 The Grant Recipient may request Homes England to accept the substitution of a different scheme (a Substitute Scheme) in place of an Undeliverable Scheme or a Withdrawn Scheme.
Firm Scheme substitution and additions
