Viability Assessment definition

Viability Assessment means the assessment of the condition referred to in point (b) of Article 21(1) of the SRM Regulation;

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Viability Assessment means an assessment of the viability of the Development and the Griffin Park Redevelopment prepared on an open book basis and comprising any update to the viability assessment prepared and submitted in support of the Planning Application and including actual Costs and Revenues where such Costs and Revenues have been ascertained and otherwise up-to-date estimates for Costs and Revenues to ascertain whether there is a Surplus or a Deficit and in the case of the former the sum of such Surplus.

Viability Assessment means an open book assessment prepared by or on behalf of the Owner in connection with the Relevant Balance of the Development which (save for any Early Viability Assessment) has been prepared in accordance with the Viability Review Template and the Parties agree that Viability Assessment 1 and Viability Assessment 2 (but not any Early Viability Assessment) shall only be forward looking and will not seek to clawback under provision of Affordable Housing Units (either by way of Deferred Affordable Housing Contribution or through a Deferred Affordable Housing Scheme(s)) in earlier Phases that occurred before the date of any Viability Review;

Examples of Viability Assessment in a sentence

• In accordance with Article 21 (2) of the SRM Regulation the SRB only makes a viability assessment, as provided for under Article 21(1)(b) of the SRM Regulation with regard to a Priority Entity if the ECB, within three calendar days of receipt of notification of the SRB’s intention to make a Viability Assessment, does not make its own viability assessment.

• In accordance with Article 21 (2) of the SRM Regulation, the SRB only makes a viability assessment with regard to a Priority Entity if the ECB, within three calendar days of receipt of notification of the SRB’s intention to make a Viability Assessment, does not make its own viability assessment.

• Receive Storage Site Proposals – November 15, 2010 • Brief DOE on Site Viability Assessment – December 10, 2010 • Complete Evaluation of Storage Site Proposals – February 18, 2011 Prospective sites that are the most highly rated based on the outcome of the evaluation process will be put forward as Candidate Sites.

• Subject to paragraph 5.1.2 of this Schedule 2 Part 2, the parties hereby acknowledge and agree that 50% (fifty per cent) of the Borough Council Surplus arising under an Early Viability Assessment, and/or 50% (fifty per cent) of the Borough Council Surplus arising under Viability Assessment 1 shall be provided as Deferred Affordable Housing Units within the Relevant Balance as applicable to each of those assessments.

• An independent Viability Consultant (BNP Paribas) was then instructed by the Local Planning Authority to review the submitted Viability Assessment.

More Definitions of Viability Assessment

Viability Assessment means a financial appraisal (unless otherwise agreed in writing by the Council) using the inputs as set out in the pro forma attached to this Deed as Annexure 6

Viability Assessment means the viability assessment dated [ ] 2017 as prepared by ▇▇▇▇▇▇ Eve LLP on behalf of the Developer.

Viability Assessment means a financial appraisal (unless otherwise agreed in writing by the Council) using the inputs as set out in the pro forma attached to this Deed as Annexure 6 "Viability Reassessment" means an updated Viability Assessment which demonstrates: (a) whether or not the Development achieves the Owner Margin Percentage; and (b) the amount (if any) which is available for the Deferred Contribution Provided always that:

Viability Assessment means the aggregate assessment of viability undertaken by the Owner in respect of Blocks A, B, C and D [as submitted with the Application] accounting for the Block D Use and carried out in accordance with the same viability mechanism used by Savills plc on behalf of the Developer

Viability Assessment. Viability Reassessment" means a financial appraisal to assess the viability of the Development which appraisal shall be carried out (unless otherwise agreed in writing by the Council) using the inputs and methodology set out pro forma attached to this Deed as Annexure 6 means an updated Viability Assessment which demonstrates: (a) whether or not the Development achieves the Owner Margin Percentage; and (b) the amount (if any) which is available for the Deferred Contribution Provided always that; (c) the agreed percentage return to the Owner shall be no less than the Owner Margin Percentage; (d) the Benchmark Land Value; and "Working Day" (e) those costs and revenue figures which were shown as estimated amounts in the Viability Assessment shall be replaced by the actual costs and revenue figures at the date of the Viability Reassessment. any day which is not a Saturday, a Sunday, a bank holiday or a public holiday in England

Viability Assessment means a financial appraisal (unless otherwise agreed in writing by the Council) using the inputs as set out in the pro forma attached to this Deed as Annexure 6 "Viability Reassessment" means an updated Viability Assessment which demonstrates: (a) whether or not the Development achieves the Owner Margin Percentage; and (b) the amount (if any) which is available for the Deferred Contribution Provided always that: (c) the agreed percentage return to the Owner shall be no less than: (i) the Owner Margin Percentage; and (ii) the Benchmark Land Value; (d) Build Costs and Revenue figures that were shown as estimated amounts in the Viability Assessment shall be replaced by the actual costs and revenue figures at the date of the Viability Reassessment. any day which is not a Saturday, a Sunday, a bank holiday or a public holiday in England

Viability Assessment means the financial viability appraisal dated 15th August 2016 that the Owner submitted in support of the Planning Application, “Working Day” means any day which is not a Saturday, a Sunday, a bank holiday or a public holiday in England and the term “Working Days” shall be construed accordingly 2 THIS Deed is made pursuant to Section 106 of the 1990 Act, section 111 of the Local Government Act 1972, section 1 of the Localism Act 2011 and any other enabling powers and the obligations contained in this Deed are planning obligations for the purposes of that section insofar as they fall within the terms of Section 106 of the 1990 Act and receipt of a copy of this Deed pursuant to subsection 106(10) of the 1990 Act is hereby acknowledged by the Council.