Open Space Commuted Sum definition
Open Space Commuted Sum means the sum of £12.90 (twelve pounds and ninety pence) per square metre (Index Linked (CPIX)) in respect of the Open Space and Incidental Open Space comprised in a Phase
Open Space Commuted Sum. Means a contribution of eight hundred and ninety four thousand two hundred and ninety one pounds (£894,291) Index Linked to be paid to the Council and used by the Council solely for the maintenance of the Open Space Land;
Open Space Commuted Sum means if the On Site Open Space is transferred to the Council [a sum calculated by reference to the applicable entries within the Schedule of Rates set out in Part II paragraph 14 of Schedule 2] [the sum of xxx pounds (£xxxxx)] in relation to the area of On Site Open Space transferred
More Definitions of Open Space Commuted Sum
Open Space Commuted Sum means the sum representing the Council's reasonable cost of managing and maintaining the Open Space Land for a period of 20 years from Practical Completion to be specified by the Council in the event the Council adopts the Open Space Land
Open Space Commuted Sum means the sum calculated as follows:
Open Space Commuted Sum means in relation to the application of the Management Company Default Deposit the sum of Nine pounds and eighty-two ▇▇▇▇▇ (£9.82 per square metre)
Open Space Commuted Sum means if the On Site Open Space is