Common use of Community Infrastructure Levy Clause in Contracts

Community Infrastructure Levy. 19.1. For the purpose of this Clause “CIL” means a tax tariff or charge introduced by the Council pursuant to regulations enabled by the Planning Act 2008 or any subsequent proposed legislation to fund the delivery of infrastructure known as the “Community Infrastructure Levy” or known by any other name. 19.2. If after the date of this Agreement a CIL is introduced that is applicable to the Development then the parties to this Deed will use reasonable endeavours to agree variations to this Deed with the intent that: 19.2.1. The planning benefits secured by this Deed should continue to be secured and delivered; and 19.2.2. The Owner must not be in a position where it is in a financially worse position directly or indirectly due to the introduction of a CIL in discharging the obligations contained in the Second Schedule than it would be if it discharged the obligations in this Deed and no CIL had been introduced.

Community Infrastructure Levy. 19.1. For the purpose of this Clause “CIL” means a tax tariff or charge introduced by the Council pursuant to regulations enabled by the Planning Act 2008 ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ or any subsequent proposed legislation to fund the delivery of infrastructure known as the “Community Infrastructure Levy” or known by any other name. 19.2. If after the date of this Agreement a CIL is introduced that is applicable to the Development then the parties to this Deed will use reasonable endeavours to agree variations to this Deed with the intent that: 19.2.1. The planning benefits secured by this Deed should continue to be secured and delivered; and 19.2.2. The Owner must not be in a position where it is in a financially worse position directly or indirectly due to the introduction of a CIL in discharging the obligations contained in the Second Schedule than it would be if it discharged the obligations in this Deed and no CIL had been introduced.