Approved Bid definition
Examples of Approved Bid in a sentence
It is not subject and will not become subject to any other obligation, compliance with which will or is likely to, have a Material Adverse Effect in relation to the Approved Bid or any Named Project.
To the best of its knowledge, no claim is presently being asserted and no litigation, arbitration or administrative proceeding is presently in progress or, to the best of its knowledge, pending or threatened against it or any of its assets which will or might have a Material Adverse Effect in relation to the Approved Bid or any Named Project.
In discharging its obligations or making any representation or warranty under this Agreement, the Grant Recipient must act at all times with the utmost good faith, with the intent to deliver the Approved Bid and with proper regard to the need for efficiency in the use of public funds.
The Grant Recipient must keep OPS fully updated and ensure that it accurately reflects the agreed Approved Bid and Named Project Details from time to time.
The Grant Recipient must use reasonable endeavours to meet the GLA Building Safety Standards with respect to any new build RSAP Dwellings comprised within Indicative Projects and/or Named Projects accepted by the GLA at the date of this Agreement (i.e. within the Original Approved Bid).
The Grant Recipient will comply in all material respects with all relevant Legislation including but not limited to Legislation relating to health and safety, welfare at work, equality and diversity, modern slavery and other relevant employment matters and will use reasonable endeavours to procure that all Grant Recipient Parties engaged in the delivery of the Approved Bid do likewise.
All data or other information supplied to the Regulator or the GLA in connection with, or related to the Approved Bid or this Agreement is accurate.
Once Landlord and Tenant have agreed upon the Approved Bid, and a contract for the construction of the Tenant Improvements has been entered into with the Contractor, Landlord shall be responsible for making monthly progress payments to Contractor in accordance with the construction contract, subject to reimbursement by Tenant pursuant to the following procedure.
Upon Tenant’s notification of an Approved Bid, it shall be deemed that Tenant has agreed to pay all Tenant Improvement Costs up to the total amount of the Approved Bid, the Construction Plans, upon which the Approved Bid is based, shall constitute the “Approved Construction Plans”, and the contractor who made the Approved Bid shall be deemed the “Contractor”.
All financial capacity generated by the Grant Recipient through the terms of the Approved Bid is being and will be applied by the Grant Recipient to the delivery of new AHP Housing supply under this Agreement.