Planning Overage: In the event that the Purchaser secures a Planning Consent for a scheme in excess of xxx sq ft, the net value of the enhanced planning consent above xxx sq ft will be shared equally between the Purchaser and the Vendor.
Planning Period means the 12 moths beginning June 1 and extending through May 31 of the following year, or such other period approved by the Members Committee.
Planning area means a planning area or a development area or a local planning area or a regional development plan area, by whatever name called, or any other area specified as such by the appropriate Government or any competent authority and includes any area designated by the appropriate Government or the competent authority to be a planning area for future planned development, under the law relating to Town and Country Planning for the time being in force and as revised from time to time;
Construction Period means the period commencing from the Appointed Date and ending on the date of the Completion Certificate;
area control service means air traffic control service for controlled flights in control areas;
Disturbance Control Standard or “DCS” shall mean the reliability standard that sets the time limit following a disturbance within which a balancing authority must return its Area Control Error to within a specified range.