Common use of OVERALL OBJECTIVE Clause in Contracts

OVERALL OBJECTIVE. 3.1 The Parties agree with each other to enter into an enterprise established for the objectives set out in Clause 3.2 and in accordance with the provisions of this Agreement 3.2 The Overall Objective of this Agreement is the promotion of economic development by making employment space available for occupation by SMEs generally in accordance with the principles set out in the Development Strategy as interpreted by this Agreement by the following means:- 3.2.1 to identify Sites and acquire required Additional Land and Interests 3.2.2 to implement a Scheme of Development for each Site by: - 3.2.2.1 preparing overall detailed development briefs of both Sites and Premises in terms of building size specification and use 3.2.2.2 preparing each Site for immediate development 3.2.2.3 by converting or refurbishing existing buildings or the construction of new build units (“Premises”) for letting on each Site. 3.2.3 to identify Sites for development by the private sector and to award property development grants to facilitate building or refurbishing speculative Premises on such Sites for letting.