HIF Funding definition

HIF Funding means the funding made available or to be made
View Source

Examples of HIF Funding in a sentence

  • The Grant Recipient acknowledges and agrees that Homes England's obligation to provide the HIF Funding is at all times subject to Homes England receiving any approvals Homes England may require (whether internally or from central Government).

  • The parties understand and agree that the HIF Funding by Homes England under this Agreement is not consideration for any supply for Value Added Tax (VAT) purposes whether by the Grant Recipient or otherwise.

  • Each Promisor is only liable in respect of losses arising from its own breach save that the Grant Recipient and Recovery Beneficiary each expressly acknowledge and agree that and right Homes England may have to seek repayment of any HIF Funding may be exercised solely against the Grant Recipient.

  • Homes England (in exercise of its powers under section 19 of the HRA 2008) agrees to make available to the Grant Recipient, during the Availability Period, HIF Funding in an aggregate principal amount equal to the Maximum Sum on the terms set out in this Agreement.

  • If, notwithstanding the agreement and understanding of the parties as set out in clause 23.1 above, it is determined that the HIF Funding is consideration for a supply for VAT purposes, the HIF Funding shall be treated as inclusive of any VAT.

  • The HIF Funding will be the sole property of the Grant Recipient and must be used by the Grant Recipient for Infrastructure Expenditure only.

  • Until such time as a resolution is agreed between the parties, Homes England will be under no obligation to make HIF Funding available pursuant to any further Claims or otherwise to the Grant Recipient.

  • If the Grant Recipient is required to repay any amount of HIF Funding to Homes England, all such repayments shall be considered to be a debt due on demand and must be paid in cleared funds within twenty (20) Business Days to Homes England into such bank account as Homes England shall notify to the Grant Recipient from time to time.

  • Notwithstanding any other provision of this Agreement, the obligation on Homes England to make available any HIF Funding (other than a Claim for Historic Expenditure) is conditional on the Revised Documents being approved by Homes England.

  • The parties acknowledge that HIF Funding will only be provided where such payment is compliant with State Aid requirements.