Acquisition Tranche Grant definition

Acquisition Tranche Grant means subject to Clause 4.3 (Capital Firm Schemes) and Clause 5.3.1(c) (Changes to Capital Firm Schemes) an amount equivalent to forty-five per centum (45%) of the Capital Firm Scheme Grant (or such other per centum as is approved by Homes England on IMS as payable following achievement of the Acquisition Date with respect to the relevant Capital Firm Scheme);
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Acquisition Tranche Grant means subject to Clause 5.4 (Firm Schemes) (and any variation required or agreed pursuant to the terms of this Agreement) an amount equivalent to such per centum of the Firm Scheme Grant as is approved by Homes England on IMS as payable on achievement of the Acquisition Stage with respect to the relevant Firm Scheme; Actual Development Costs means in respect of each Firm Scheme the amount of Development Costs actually incurred by the Grant Recipient in Delivering that Firm Scheme as such amount is warranted and certified by the Grant Recipient pursuant to Clause 14.3.2(d) (Grant Claim Procedures); Additional Scheme means a scheme for the Delivery of AHP Housing proposed by the Grant Recipient in addition to the Original Schemes; Affordable Rent means a rent which does not exceed eighty per centum (80%) of the market rent (inclusive of service charges) for an equivalent property of the relevant size and location such rent to be assessed and set in accordance with the applicable requirements of Legislation and of the Rent Standard;
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Acquisition Tranche Grant means subject to Clause 4.4 (Firm Schemes) (and any variation required or agreed pursuant to the terms of this Agreement), an amount equivalent to such per centum of the Firm Scheme Grant as is approved by Homes England on IMS as payable on achievement of the Acquisition Stage with respect to the relevant Firm Scheme;
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Examples of Acquisition Tranche Grant in a sentence

  • Subject to a Named Project having reached the Acquisition Tranche Payment Date, the Grant Recipient may apply to the GLA for the Acquisition Tranche Grant payable in respect of that Named Project to be paid to it.

  • Subject to: the GLA (acting reasonably) being satisfied with the Grant Recipient's application for payment including the information warranted pursuant to Conditions 14.2, 14.4 and 14.6; and Conditions 15.3 and 17, the GLA shall (resources permitting) pay the Acquisition Tranche Grant, Start on Site Tranche Grant or the Practical Completion Tranche Grant (as applicable) to the Grant Recipient within fifteen (15) Business Days of receipt of a relevant and satisfactory application.

  • Homes England may at its absolute discretion vary the percentages attributed to the Acquisition Tranche Grant, the First Tranche Grant and/or the Second Tranche Grant from time to time save that no such variation will take effect in relation to a Firm Scheme which has been confirmed as such by Homes England pursuant to Condition 6.1 and in relation to which any Tranche has already been paid.

  • Condition 13.5.10, the Recoverable Amount shall be a sum equivalent to the Acquisition Tranche Grant.

  • Payment of the Grant will be made by the GLA subject to successful application for each Milestone payment, including the Acquisition Tranche Grant, Start on Site Tranche Grant, and the Practical Completion Tranche Grant, for each Named Project.

  • Subject to: Homes England (acting reasonably) being satisfied with the Grant Recipient’s application for payment including the information warranted pursuant to Conditions 9.2, 9.4, 9.6 and 9.8; and Conditions 11.3, 11.4, 12 and 37.1, Homes England shall (resources permitting) pay the Acquisition Tranche Grant, First Tranche Grant, the Second Tranche Grant or the Total Grant Sum (as applicable) to the Grant Recipient within ten (10) Business Days of receipt of a relevant satisfactory application.

  • Homes England shall (resources permitting) pay the Acquisition Tranche Grant, First Tranche Grant, the Second Tranche Grant or the Total Grant Sum (as applicable) to the Grant Recipient within ten (10) Business Days of receipt of a relevant satisfactory application.

  • Subject to a Named Project having reached the Acquisition Tranche Payment Date, the Lead Partner may apply to the GLA for the Acquisition Tranche Grant payable in respect of that Named Project to be paid to it.

  • It is not expected that the introduction of the Acquisition Tranche Grant will have any effect on the usual process followed to claim grant.


More Definitions of Acquisition Tranche Grant

Acquisition Tranche Grant means subject to Conditions 6.5 and 9.7 such sum as is equivalent to forty per centum (40%) of the Firm Scheme Grant;
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Acquisition Tranche Grant means subject to Clause Error! Reference source not found. (Firm Schemes) (and any variation required or agreed pursuant to the terms of this Agreement) an amount equivalent to such per centum of the Firm Scheme Grant as is approved by Homes England on IMS as payable on achievement of the Acquisition Stage with respect to the relevant Firm Scheme; Actual Development Costs means in respect of each Firm Scheme the amount of Development Costs actually incurred by the Grant Recipient in Delivering that Firm Scheme as such amount is warranted and certified by the Grant Recipient pursuant to Clause 14.3.2(d) (Grant Claim Procedures); Additional Scheme means a scheme for the Delivery of AHP Housing proposed by the Grant Recipient in addition to the Original Schemes;
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Acquisition Tranche Grant means subject to clause Error! Reference source not found. (Firm Schemes) (and any variation required or agreed pursuant to the terms of this Agreement) an amount equivalent to such per centum of the Firm Scheme Grant as is approved by Homes England on IMS as payable on achievement of the Acquisition Stage with respect to the relevant Firm Scheme; Actual Development Costs means in respect of each Firm Scheme the amount of Development Costs actually incurred by the Relevant Consortium Member in Delivering that Firm Scheme as such amount is warranted and certified by the Lead Partner pursuant to clause 14.3.2(d) (Grant Claim Procedures); Additional Scheme means a scheme for the Delivery of AHP Housing proposed by the Lead Partner in addition to the Original Schemes; Additional Tranche Grant means each sum approved by Homes England in IMS pursuant to clause 14.7 (Grant Claim Procedures) in relation to a Firm Scheme;
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Acquisition Tranche Grant means subject to Condition 5.4 (Firm Schemes) such sum as is equivalent to forty per centum (40%) of the Firm Scheme Grant; 2 The definition of "Actual Development Costs" shall be amended by replacing the words "Condition 13.2.3 (Grant Claim Procedures) and Condition 13.4.3 (Grant Claim Procedures);" with the following: "Condition 13.2.3 (Grant Claim Procedures), Condition 13.4.1 (Grant Claim Procedures) and Condition 13.6.3 (Grant Claim Procedures);" 3 The definition of "Completed Firm Scheme" shall be deleted and replaced with the following: "Completed Firm Scheme means (without prejudice to the operation of Condition 17.2.13 (Repayment of Grant)) a Firm Scheme in relation to which the Agency has paid all of the Acquisition Tranche Grant, the First Tranche Grant and the Second Tranche Grant;" 4 The definitions of "First Tranche Grant" and "Second Tranche Grant" shall be deleted and replaced with the following:
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Acquisition Tranche Grant means subject to Clause 4.3 (Capital Firm Schemes) and Clause 5.3.1(c) (Changes to Capital Firm Schemes) an amount equivalent to such per centum of the Capital Firm Scheme Grant as is approved by Homes England on IMS as payable following achievement of the Acquisition Stage with respect to the relevant Capital Firm Scheme; Actual Development Costs means in respect of each Capital Firm Scheme the amount of Development Costs actually incurred by the Grant Recipient in Delivering that Capital Firm Scheme as such amount is warranted and certified by the Grant Recipient pursuant to Clause 17 (Capital Grant Claim Procedures);
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Related to Acquisition Tranche Grant

  • Acquisition Transaction has the meaning set forth in Section 5.09(a).

  • Limited Condition Acquisition means any acquisition, including by means of a merger, amalgamation or consolidation, by the Company or one or more of its Restricted Subsidiaries, the consummation of which is not conditioned upon the availability of, or on obtaining, third party financing.

  • Permitted Acquisition means any acquisition by the Company or any Subsidiary, whether by purchase, merger or otherwise, of all or substantially all of the assets of, all of the Equity Interests of, or a business line or unit or a division of, any Person; provided that:

  • Qualified Acquisition means any acquisition of either or both the capital stock or assets of any Person or Persons (or any portion thereof), or the last to occur of a series of such acquisitions consummated within a period of six consecutive months, if the aggregate amount of Indebtedness incurred by one or more of the Company and its Subsidiaries to finance the purchase price of, or assumed by one or more of them in connection with the acquisition of, such stock and property is at least $100,000,000.

  • Permitted Bid Acquisition means an acquisition of Voting Shares made pursuant to a Permitted Bid or a Competing Permitted Bid;