Vacant Possession Event definition

Vacant Possession Event. (subject to clause 4.3) means the point at which the Council obtains vacant possession of the Upper Tier Site

Vacant Possession Event. (subject to clause 4.3) means the point at which the Council obtains vacant possession appendix a - joint venture agreement with hca 13 28 June 2012 your council of the Upper Tier Site “VAT” Value Added Tax including any tax of a similar nature that may be substituted for it or levied in addition to it “Working Day” a day falling on or between Monday to Friday on which clearing banks in the City of London are (or would be but for a strike, lockout or other stoppage, affecting particular banks or banks generally) open during banking hours and “Working Days” shall be construed accordingly References to a Clause Schedule or paragraph are to a Clause Schedule or paragraph of this Agreement. The clause headings in this Agreement are for ease of reference only and are not to be taken into account in the interpretation of the clause to which they refer. Words importing the singular meaning where the context so admits include the plural meaning and vice versa. Words of one gender include both other genders and words denoting natural persons include corporations and firms and all such words are to be construed interchangeably in that manner. Words denoting an obligation on a party to do any act matter or thing include an obligation to procure that it be done, and words placing a party under a restriction include an obligation not to knowingly permit infringement of that restriction. References to “liability” or “liabilities” include, where the context allows, claims demands proceedings damages losses costs and expenses. Unless the context otherwise requires references to the Site the the Agency Land the Council Land or the CPO Land shall be deemed to include a reference to any part or parts of the same. References to developers and development partners include development partnerships and prospective developers under joint venture agreements. References to an estate or interest in land include without limitation the benefit of positive and restrictive covenants easements rights options rights of pre-emption and other interests in land and the right to clawback and overage payments in respect of or associated with land. References to any enactment, order, regulation or instrument shall be construed as a reference to the enactment, order, regulation or instrument as amended, modified, extended re-enacted or replaced by any subsequent enactment, order, regulation or instrument. appendix a - joint venture agreement with hca 14 28 June 2012 your council

Examples of Vacant Possession Event in a sentence

• In the event that, after the Vacant Possession Event, there are insufficient monies in the Development Account to meet JV Liabilities (for a reasonable period in the future) then if the Parties are unable to reach agreement as to how to xxxxxx XX Liabilities and thereafter to fund the activities of the Joint Venture either party may refer the failure to agree to the Referee Panel in accordance with clause 20 and the provisions of clause 20 shall apply.

• Save where expressly otherwise indicated or agreed between the Parties, the Parties will jointly be the contracting parties in any Necessary Contract relating to the Site, provided always that in respect of management of the Site prior to the Vacant Possession Event, each party will be responsible for the costs and payment due under any contract relating to the management of the parts of the Site in their respective ownerships.