Examples of Material Operation in a sentence
If the Planning Permission shall expire prior to the carrying out of a Material Operation or shall at any time be revoked or modified without agreement this Deed shall forthwith determine and cease to have effect.
If the Planning Permission is quashed before the carrying out of a Material Operation then this Deed shall absolutely determine and become null and void but without prejudice to the rights of any Party against the other.
Usually this will be the carrying out of any Material Operation or on the commencement of development.
The undertaking of a Material Operation is considered to be the commencement of development pursuant to the Planning Permission.
Material Operation means a material operation pursuant to the Planning Permission on the Application Site the subject of this Deed pursuant to Section 56(4)(a)-(e) of the Act Parties means (1) the Developer (2) the Landowner and (3) the Mortgagee.