Viability Reassessment definition

Viability Reassessment means an updated Viability Assessment which demonstrates: whether or not the Development achieves the Owner Margin Percentage; and the amount (if any) which is available for the Deferred Contribution Provided always that: the agreed percentage return to the Owner shall be no less than: the Owner Margin Percentage; and the Benchmark Land Value; 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.
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 "Working Day"
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

Examples of Viability Reassessment in a sentence

  • He further notes that additional affordable housing would be provided based on the Viability Reassessment evidence for each phase after the first phase.

  • The nature of the proposed development in terms of house types and densities would change in time, but such changes would be taken into account in the inputs as part of the Viability Reassessment.

  • Additional affordable housing would be provided based on the Viability Reassessment evidence for each phase after the first phase.

  • In paragraph 21 of Part B, reference is made to the submission of a Viability Reassessment for the second and penultimate fifth phases of the development.

  • The Planning Committee is asked to agree to the following amendments to be addressed by the Deed of Variation:  Deletion of the previously agreed £200,000 contribution towards affordable housing;  Deletion of the required Viability Reassessment if the development has not commenced after 24 months; and  Securing the delivery of 91 units (100%) affordable housing within the development approved under planning application CR/2016/0662/FUL.

  • Financial Viability Reassessment Clause in the event that the implementation and completion of the Scheme is protracted and market conditions improve the Value of the Scheme.

Related to Viability Reassessment

  • Functional behavioral assessment means an individualized assessment of the student that results in a team hypothesis about the function of a student’s behavior and, as appropriate, recommendations for a behavior intervention plan.

  • Flood-related erosion area management means the operation of an overall program of corrective and preventive measures for reducing flood-related erosion damage, including but not limited to emergency preparedness plans, flood-related erosion control works and floodplain management regulations.

  • Impact surface means an interior or exterior surface that is subject to damage by repeated sudden force such as certain parts of door frames.

  • Water Surface Elevation (WSE means the height, in relation to mean sea level, of floods of various magnitudes and frequencies in the floodplains of coastal or riverine areas.

  • Site area emergency means events may occur, are in progress, or have occurred that could lead to a significant release of radioactive material and that could require a response by off-site response organizations to protect persons off-site.

  • Viability means that stage of human development when the life of the unborn child may be continued by natural or life-supportive systems outside the womb of the mother;

  • REASONABLY SAFE FROM FLOODING Means base flood waters will not inundate the land or damage structures to be removed from the floodplain and that any subsurface waters related to the base flood will not damage existing or proposed buildings.

  • Water surface elevation means the height, in relation to the National Geodetic Vertical Datum (NGVD) of 1929, the North American Vertical Datum (NAVD) of 1988, or other datum, where specified, of floods of various magnitudes and frequencies in the floodplains of riverine areas.

  • Urban renewal project means undertakings and activities of a municipality in an urban renewal area for the elimination and for the prevention of the development or spread of slums and blight, and may involve slum clearance and redevelopment in an urban renewal area, or rehabilitation or conservation in an urban renewal area, or any combination or part of them in accordance with an urban renewal plan. These undertakings and activities may include:

  • Internal test assessment means, but is not limited to, conducting those tests of quality assurance necessary to ensure the integrity of the test.

  • Corrective Measure The contractor shall repair any deficiencies to meet the performance guideline within warranty period.

  • Date of Practical Completion means the date certified in the QBCC Form 7 - Certificate of Practical Completion in accordance with Condition 28.

  • Community mental health center or "CMHC" means a facility offering a comprehensive array of community-based mental health services, including but not limited to, inpatient treatment, outpatient treatment, partial hospitalization, emergency care, consultation and education; and, certain services at the option of the center, including, but not limited to, prescreening, rehabilitation services, pre-care and aftercare, training programs, and research and evaluation.

  • Community Developmental Disability Program (CDDP means an entity that is responsible for planning and delivery of services for individuals with developmental disabilities in a specific geographic service area of the state operated by or under a contract with the Division or a local mental health authority.

  • Co-occurring disorder specialist means an individual

  • Covered Species means the species for which the Bank has been established and for which Credits have been allocated as set forth in Exhibit F-1.

  • Sustainability Factors means environmental, social and employee matters, respect for human rights, anti‐corruption and anti‐bribery matters.

  • Root Cause Analysis means a method of problem solving designed to identify the underlying causes of a problem. The focus of a root cause analysis is on systems, processes, and outcomes that require change to reduce the risk of harm.

  • Building Energy Benchmarking means the process of measuring a building’s Energy use, tracking that use over time, and comparing performance to similar buildings.

  • Phase I assessment as described in, and meeting the criteria of, (i) Chapter 5 of the FNMA Multifamily Guide or any successor provisions covering the same subject matter in the case of a Specially Serviced Mortgage Loan as to which the related Mortgaged Property is multifamily property or (ii) the American Society for Testing and Materials in the case of Specially Serviced Mortgage Loan as to which the related Mortgaged Property is not multifamily property.

  • Non-Viability Event means the earlier of:

  • Needs assessment In this section, LEAs are asked to describe the impact of the pandemic on their students, examine disproportionate impacts on specific student groups, and highlight the LEA’s promising practices in supporting students’ needs since March 2020.

  • Continuous Improvement Plan means a plan for improving the provision of the Goods and/or Services and/or reducing the Charges produced by the Supplier pursuant to Framework Schedule 12 (Continuous Improvement and Benchmarking);

  • Practical Completion means that stage in the execution of a Named Project when the Works have been completed in accordance with the terms of the relevant Building Contract and/or the terms of this Agreement such that the AHP Dwellings comprised within the Named Project are fit for beneficial occupation as a residential development in accordance with applicable NHBC or equivalent requirements current at the date of inspection subject only to the existence of minor defects and/or minor omissions at the time of inspection which are capable of being made good or carried out without materially interfering with the beneficial use and enjoyment of the Named Project and which would be reasonable to include in a snagging list, and Practically Complete shall be construed accordingly; Process has the meaning ascribed to it in the DPA; Procurement Law means (as the case may be):

  • Community mental health program means all mental health

  • Treatability study means a study in which a hazardous waste is subjected to a treatment process to determine: (1) Whether the waste is amenable to the treatment process, (2) what pretreatment (if any) is required, (3) the optimal process conditions needed to achieve the desired treatment, (4) the efficiency of a treatment process for a specific waste or wastes, or (5) the characteristics and volumes of residuals from a particular treatment process. Also included in this definition for the purpose of the § 261.4 (e) and (f) exemptions are liner compatibility, corrosion, and other material compatibility studies and toxicological and health effects studies. A “treatability study” is not a means to commercially treat or dispose of hazardous waste.