Common use of Clause 23 Clause in Contracts

Clause 23. 2.5 (Repayment of ▇▇▇▇▇ ), subject always to Clause 23.4 (Repayment of Grant ) the Recoverable Amount shall be determined in accordance with the following procedure:‌ (a) the Parties (acting in good faith) shall seek to agree within fifteen (15) Business Days of the Non-Compliance Notification Date a revised figure for the Capital Firm Scheme Grant figure reflecting the changed nature of the delivered Capital Firm Scheme as against that described in the Capital Firm Scheme Details;‌ (b) where a revised figure for Capital Firm Scheme Grant is agreed, the Recoverable Amount shall be the product of the following calculation:‌ (c) the Grant Recipient shall immediately amend the relevant information on IMS to reflect any agreement reached made pursuant to Clause 23.3.3(a) (Repayment of ▇▇▇▇▇ ); (d) where the Parties are unable to agree a revised Capital Firm Scheme Grant figure in accordance with Clause 23.3.3(a) (Repayment of Grant ) Homes England shall be entitled to terminate this Agreement in accordance with Clause 24.1 (Default Events and Termination) and the Recoverable Amount shall be an amount equal to the Capital Firm Scheme Grant paid pursuant to Clause 19.1 (Payment of Capital Grant) in respect of the relevant Capital Firm Scheme.‌ Under no circumstances will Homes England be required to make any payment to the Grant Recipient if the application of the calculation in Clause 23.3.3(b) (Repayment of Grant ) results in RA being a negative figure;

Clause 23. 2.5 (Repayment of ▇▇▇▇▇ ▇), subject always to Clause 23.4 (Repayment of Grant Grant) the Recoverable Amount shall be determined in accordance with the following procedure:‌ (a) the Parties (acting in good faith) shall seek to agree within fifteen (15) Business Days of the Non-Compliance Notification Date a revised figure for the Capital Firm Scheme Grant figure reflecting the changed nature of the delivered Capital Firm Scheme as against that described in the Capital Firm Scheme Details;‌ (b) where a revised figure for Capital Firm Scheme Grant is agreed, the Recoverable Amount shall be the product of the following calculation:‌ (c) the Grant Recipient shall immediately amend the relevant information on IMS to reflect any agreement reached made pursuant to Clause 23.3.3(a) (Repayment of ▇▇▇▇▇ Grant); (d) where the Parties are unable to agree a revised Capital Firm Scheme Grant figure in accordance with Clause 23.3.3(a) (Repayment of Grant Grant) Homes England shall be entitled to terminate this Agreement in accordance with Clause 24.1 (Default Events and Termination) and the Recoverable Amount shall be an amount equal to the Capital Firm Scheme Grant paid pursuant to Clause 19.1 (Payment of Capital Grant) in respect of the relevant Capital Firm Scheme.‌ Under no circumstances will Homes England be required to make any payment to the Grant Recipient if the application of the calculation in Clause 23.3.3(b) (Repayment of Grant Grant) results in RA being a negative figure;