Specified Amount. (1) The Specified Amount will be the IOF Sum which sum will be subject to review and increase in accordance with the provisions of this clause. (2) Subject to subclause (3), on each Option Fee Review Date the Specified Amount will be increased by the amount which is equal to percentage increase in the CPI calculated from 1 January 1993 to each Option Fee Review Date, plus 3.5% per annum. (3) (a) The Joint Venturers may by notice in writing to the Water Authority require that the Market Value of the ▇▇▇▇▇▇▇ Street Land be established as at an Option Fee Review Date.
Appears in 27 contracts
Sources: Morley Shopping Centre Redevelopment Agreement, Morley Shopping Centre Redevelopment Agreement Act 1992, Morley Shopping Centre Redevelopment Agreement Act 1992