Indicative Schemes Sample Clauses
The Indicative Schemes clause outlines preliminary or non-binding proposals or plans that are provided for informational purposes during negotiations or planning stages. Typically, these schemes present an overview of intended arrangements, such as timelines, payment structures, or project milestones, but do not create enforceable obligations. Its core practical function is to facilitate discussion and alignment between parties by providing a reference framework, while making clear that the details are subject to change and not contractually binding.
Indicative Schemes. 4.1 The Grant Recipient confirms that such details of each Indicative Scheme comprised within the Original Approved Bid as the Agency requires, including in each case, a Transition Date, have been uploaded onto IMS by the date of this Agreement.
4.2 The Grant Recipient shall be entitled to submit further Indicative Schemes to the Agency after the date of this Agreement and where it wishes to do so, it must submit to the Agency through IMS such details of such further Indicative Schemes as the Agency may require, including in each case a Transition Date.
4.3 The Agency shall be entitled to accept or reject the details submitted for any further Indicative Scheme. Where the Agency accepts a further Indicative Scheme into the Approved Bid pursuant to Condition 4.2 (Indicative Schemes), it shall confirm its acceptance to the Grant Recipient through IMS.
4.4 If an Indicative Scheme is accepted by the Agency in IMS, such scheme becomes subject to the terms of this Agreement from the date of that acceptance.
4.5 The Grant Recipient must use all reasonable endeavours to ensure that each Indicative Scheme:
4.5.1 is worked up so that it is capable of being brought forward as a Firm Scheme on or by the Transition Date (Scheme Transition); and
4.5.2 is uploaded onto IMS in accordance with the procedure and timescale set out in Condition 5.1 (Firm Schemes).
4.6 The Grant Recipient must notify the Agency in writing immediately upon becoming aware of any matter or circumstance which is likely to prejudice the Grant Recipient's ability to comply with its obligations under Condition 4.5 (Indicative Schemes).
4.7 On receipt of a notice under Condition 4.6 (Indicative Schemes) or on otherwise becoming aware of any likely delay to the relevant Scheme Transition the Agency (acting reasonably) shall be entitled either:
4.7.1 to extend the Transition Date by such period as it considers to be appropriate having regard to the circumstance giving rise to the anticipated delay; or
4.7.2 to withdraw the Indicative Allocation and in determining which option to pursue the Agency shall be entitled to take into account such factors as it considers appropriate including:
(a) the proximity of the Transition Longstop Date to any extended Transition Date;
(b) the likely availability of Agency resources in relation to any delayed delivery of the prospective Firm Scheme resulting from any extension to the Transition Date; and
(c) the adequacy of the Grant Recipient's performance to date in resp...
Indicative Schemes. The Grant Recipient confirms that such details of each Indicative Scheme comprised within the Original Approved Capital Bid as Homes England requires have been uploaded onto IMS by the date of this Agreement. Homes England shall be entitled to accept or reject the details submitted for any Proposed Indicative Scheme. Where Homes England accepts a Proposed Indicative Scheme into the Approved Capital Bid pursuant to Clause 4.2 (Indicative Schemes), it shall confirm its acceptance to the Grant Recipient through IMS. 4.3 (Indicative Schemes) then with effect from the date of that acceptance: such scheme shall be deemed to be an Indicative Scheme and becomes subject to the processes set out in Clauses 4.4 to 4.9 (inclusive) (Indicative Schemes) and Clause 5.1.2 (Firm Schemes); any details set out by the Grant Recipient with respect to such Indicative Scheme in IMS and as confirmed by Homes England in IMS shall be deemed to be the relevant Indicative Scheme Details for the purposes of this Agreement; and the Allocated Capital Grant shall be deemed to be adjusted by the amount of the Indicative Allocation agreed by Homes England in IMS in relation to the new Indicative Scheme. is worked up so that it is capable of being brought forward as a Firm Scheme by the Indicative First Claim Date; and is uploaded onto IMS in accordance with the procedure and timescale set out in Clause 5.1.2 (Firm Schemes). The Grant Recipient must notify Homes England in writing immediately upon becoming aware of any matter or circumstance which is likely to prejudice the Grant Recipient's ability to comply with its obligations under Clause 4.5 (Indicative Schemes). On receipt of a notice under Clause 4.6 (Indicative Schemes) or on otherwise becoming aware of any likely delay to an Indicative Scheme becoming a Firm Scheme by the Indicative First Claim Date, Homes England (acting reasonably) shall be entitled to withdraw the relevant Indicative Allocation and in determining whether to pursue any such withdrawal Homes England shall be entitled to take into account such factors as it considers appropriate including: the likely availability of Homes England resources in relation to any delayed Delivery of the prospective Firm Scheme; and the adequacy of the Grant Recipient's performance to date in respect of other Indicative Schemes and Firm Schemes. accept the proposed changes, in which case the Grant Recipient must ensure that the accepted changes are correctly logged in IMS. The changes sh...