Basis and justification Clause Samples

Basis and justification. The refunds by SCSB consequent to the Revocation of JDA were the original cost of the performance deposit and the quit rent and assessment for the Land, both previously paid by SESB. Whereas for the Proposed Acquisition, SCSB agrees to sell to SESB and SESB agrees to purchase from SCSB the Land on an “as is where is” basis free from all encumbrances whatsoever and with vacant possession based upon the terms and conditions of the SPA. The Purchase Price was derived on a willing-buyer, willing-seller basis after taking into consideration amongst others the strategic location of the Land as well as the development potential of the Land.
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Basis and justification in arriving at the Disposal Consideration (as defined in Section 3 of this announcement)
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Basis and justification of arriving at the Aggregate Settlement Sum (a) the Aggregate Settlement Sum pursuant to the Development Rights Agreement and the Supplemental Agreement, comprising the following:- (i) the Balance DR Consideration of RM120,900,000; (ii) the Reimbursement Costs amounting to RM10,776,000, in respect of master infrastructure costs, quit rent, rates, assessments, maintenance charges, fees and other lawful outgoings incurred in respect of the Development Land; and (iii) the Repurchase Price amounting to RM9,850,000 in respect of the C3-3 Parcel and C-5 Parcel measuring approximately 1.73 acres; (b) the opportunity to secure the TDA Land prior to the expiry of the Development Rights Agreement and Supplemental Agreement; and (c) the strategic location and earnings potential of the TDA Land. The basis of deriving at the Aggregate Settlement Sum is further supported by the market value of the TDA Land of RM333.0 million as appraised by the independent registered valuer, Savills, via its Valuation Certificate dated 11 October 2016, on an en-bloc basis, using the comparison method of valuation and the residual method of valuation. Save for the vacant terrace shop lots and 39½ terrace shop lots, Savills has adopted only the comparison method of valuation for the TDA Land, which is deemed as the best approach for the purpose of the valuation, as currently there are no building plans or development order being finalised or submitted to the authorities. The comparison method of valuation involves determining the market value by directly comparing the land under valuation with similar past transactions, with appropriate adjustments then made for differences in location, size, market conditions and other factors in order to arrive at a common basis for comparison. In addition to the comparison method of valuation, Savills has also adopted the residual method of valuation for the terrace shop lots as it has an adequate basis in determining the relevant value and provides a more precise reflection of the market value for the terrace shop lots. In arriving at the market value of the terrace shop lots, various material factors affecting value such as location, accessibility, size, physical features, content/concept of development, development approvals, restrictions and other relevant characteristics have been taken into consideration without the requirement for any percentage hypothetical adjustments. The Aggregate Settlement Sum of RM141,526,000 represents a discount of appr...
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Basis and justification for the purchase consideration
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Basis and justification of arriving at the provisional PDP Fees and Reimbursables Provisional GDC 2,308,819 Total amount payable to PDP (1) General Contingency and Step-In Contingency (collectively referred to as “Contingency”) shall be capped at 12% of CC, and any reference to Contingency, General Contingency, Step-In Contingency and CC shall always be to a sum exclusive of GST .
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  • Contractor Selection Justification Form Customers shall complete this Contractor Selection Justification Form for each candidate selected and attach all completed forms to the purchase order. Date: Contractor’s Name: _ Contractor’s Contact Information: Address: _ Phone: _ Email: Candidate’s Name: _ Date Candidate will be available: _ Hourly rate of candidate: $ Position candidate recommended for: _ Justification for selection of candidate: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Agency: Division/Section/Unit: _ Printed Name: _ Title: _ Signature _ Date: Contractor's Name: Quarter: Purchase Order (PO) Number: PO Total $ Amount: PO Starting Date Ending Date Please review the attached Rating Definitions and provide your opinion by rating the following:

  • Announcement Explanation School District Board Member Vacancy The School District is accepting applications to fill the vacancy resulting from [reason for vacancy] of [former Board member's name]. The contents of a vacancy announcement, how it is announced, and where it is posted are at the Board's sole discretion. The Board may want to announce the vacancy and its intent to fill it by appointment during an open meeting. The announcement may be posted on the District's website and in the local newspaper(s). The individual selected will serve on the School Board from the date of appointment to [date]. The length of the appointment depends upon when during the term of office the vacancy occurred. See 105 ILCS 5/10-10 and Board policy 2:70, Vacancies on the School Board - Filling Vacancies, to determine the length of the appointment. The School District [School District's philosophy or mission statement]. See Board policy 1:30, School District Philosophy, for the District's mission statement that is specific to the community's goals. Applicants for the Board vacancy must be: [Board's list of qualifications]. See checklist item titled Develop a list of qualifications for appointment of a person to fill the vacancy above. Applicants should show familiarity with the Board's policies regarding general duties and responsibilities of a Board and a Board member, including fiduciary responsibilities, conflict of interest, ethics and gift ban. The Board's policies are available at [locations]. Listing this along with the Board's list of qualifications assists candidates in understanding a Board member's duties and responsibilities and may facilitate a better conversation during the interview process. See Board policies: 2:20, Powers and Duties of the School Board; Indemnification; 2:80, Board Member Oath and Conduct; 2:100, Board Member Conflict of Interest; 2:105 Ethics and Gift Ban; and 2:120, Board Member Development. Applications may be obtained at [location and address and/or website] beginning on [date and time]. Completed applications may be turned in by [time and date] to [name and title of person receiving applications]. See action item titled Decide who will receive completed vacancy applications above. Accept and review applications from prospective candidates (see Decide who will receive completed vacancy applications above). Contact appropriate applicants for interviews (see Decide who will receive completed vacancy applications above).

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