Review, Monitoring and Reporting. 11.1 Each Consortium Member must promptly advise GLA when any circumstance occurs which may: 11.1.1 impact adversely on its ability to deliver any Named Project in accordance with the terms of this Agreement; 11.1.2 in the case of an LA Provider, gives rise to the making of a Section 114 Report or the issue of a Section 15 Direction; and/or 11.1.3 constitute a Default Event or a breach of Condition 9 or Condition 10. 11.2 The Lead Partner shall attend a review meeting when required to do so by the GLA acting reasonably and the GLA shall provide the Lead Partner with written details of the matters to be discussed at the review meeting timeously in advance of such meeting. 11.3 The Lead Partner shall provide the GLA as soon as reasonably practicable with such information as the GLA shall reasonably require to support or facilitate the discussions referred to in this Condition 11 and shall use all reasonable endeavours to ensure the accuracy of any information provided and each Consortium member must provide the Lead Partner with such information as the Lead Partner requires in order to allow it to discharge its obligations under this Condition 11. 11.4 The Lead Partner must keep OPS fully updated and ensure that it accurately reflects the agreed Approved Bid and Named Project Details from time to time. 11.5 Each Consortium Member shall ensure that it and any Consortium Member Affiliate (at its or their cost) co-operates with the GLA during an SGEI Review and it shall if requested promptly provide the GLA with SGEI Information and such other information, evidence and/or explanation as the GLA may reasonably require. 11.6 The Lead Partner shall, by 31 March 2018 and then every two (2) years thereafter until Practical Completion of all the Named Projects delivered or to be delivered under this Agreement, confirm to the GLA (using the Financial Confirmation) that based on the current information (actual and projected) the Agreement Funding together with the aggregate Decision Revenue received by the Consortium Members shall not exceed the Aggregate Development Costs. 11.7 Within ten (10) Business Days of Practical Completion of a Named Project the Lead Partner shall submit to the GLA through OPS details of the Actual Development Costs and the projected or actual (as appropriate) Decision Revenue for each AHP Dwelling within that Named Project. 11.8 The Lead Partner must: 11.8.1 use all reasonable endeavours to ensure that that any person providing the Financial Confirmation, the Affordable Starts Certificate, the Affordable Starts Final Certificate (the AHP Confirmations) is a senior officer of the Lead Partner with access to the information and knowledge needed accurately to give the information required; and 11.8.2 notify the GLA if it becomes aware that any AHP Confirmation is erroneous in any material respect. 11.9 The Relevant Consortium Member: 11.9.1 must use all reasonable endeavours to ensure that that any person providing the Disposal Notification and/or any other notifications or certificates from the Relevant Consortium Member to the GLA is a senior officer of the Relevant Consortium Member with access to the information and knowledge needed accurately to give the information required; and 11.9.2 notify the GLA if it becomes aware that any of the confirmations set out in clause 11.9.1 above are erroneous in any material respect.
Appears in 1 contract
Review, Monitoring and Reporting. 11.1 Each Consortium Member must promptly advise GLA The Grant Recipient shall comply fully with the contract management and reporting obligations set out in this Condition 11 (Review, Monitoring and Reporting).
11.2 The Grant Recipient acknowledges the high importance to the Agency of it being advised when any circumstance occurs which may:
11.1.1 11.2.1 impact adversely on its the Grant Recipient's ability to deliver any Named Project Firm Scheme in accordance with the terms of this Agreement;
11.1.2 11.2.2 change any assumptions in relation to the case of Approved Bid or any Firm Scheme which would provide an LA Provideropportunity for the Grant Recipient to deliver more AHP Dwellings with the Allocated Grant;
11.2.3 indicates that the Agency is making available more grant than is required to deliver the Approved Bid or a Firm Scheme;
11.2.4 without prejudice to the circumstances specified in Conditions 11.2.1 (Review, gives Monitoring and Reporting) to 11.2.3 (Review, Monitoring and Reporting) (inclusive), indicate that the Grant Recipient will need to make more or fewer Permitted Conversions;
11.2.5 give rise to the making of a Section 114 Report or the issue of a Section 15 Direction. (collectively the Contract Monitoring Outputs).
11.3 Where the Agency becomes aware either via the Contract Monitoring Outputs or through other monitoring, that the Approved Bid has not been complied with or is unlikely to be complied with, the Agency may in order to address such compliance failure issue an Allocation Change Notice requiring:
11.3.1 a reduction, increase or other change to the number of AHP Dwellings to be delivered or to the Conversion Capacity; and/or
11.1.3 constitute 11.3.2 a Default Event reduction or a breach of Condition 9 other adjustment to the Allocated Grant or Condition 10.to any Firm Scheme Grant; and/or
11.2 The Lead Partner 11.3.3 any other change to the Approved Bid the Agency deems reasonably necessary; and such Allocation Change Notice shall attend a review meeting when required to do so by the GLA acting reasonably and the GLA shall provide the Lead Partner with written details of the matters to be discussed at the review meeting timeously in advance of such meeting.
11.3 The Lead Partner shall provide the GLA as soon as reasonably practicable with such information as by the GLA shall reasonably require to support or facilitate parties and in any event within 15 Business Days of the discussions referred to in this Condition 11 and shall use all reasonable endeavours to ensure date of issue of the accuracy of any information provided and each Consortium member must provide the Lead Partner with such information as the Lead Partner requires in order to allow it to discharge its obligations under this Condition 11Allocation Change Notice.
11.4 The Lead Partner must keep OPS fully updated Nothing in Condition 11.3 (Review, Monitoring and ensure that it accurately reflects Reporting) shall preclude the agreed parties from agreeing an alternative means of dealing with the failure to comply with the Approved Bid to that set out in the Allocation Change Notice save that unless such alternative is agreed and Named Project Details from time reflected in IMS by the end of the then current Financial Year, the change required by the Agency in the Allocation Change Notice shall take effect on the next following 1 April and the Agency shall be entitled to timemake all such changes to IMS as are necessary to reflect the contents of the Allocation Change Notice.
11.5 Each Consortium Member The Grant Recipient shall ensure that it with effect from and any Consortium Member Affiliate including the first Quarter Date after the date of this Agreement submit a signed and dated Officer's Certificate to the Agency within five (at its or their cost5) co-operates Business Days of each Quarter Date together with the GLA during an SGEI Review and it shall if requested promptly provide the GLA with SGEI Information and such other information, evidence and/or explanation information as may have been requested on reasonable notice by the GLA may reasonably requireAgency.
11.6 The Lead Partner shall, by 31 March 2018 and then every two (2) years thereafter until Practical Completion of all the Named Projects delivered or to Officer's Certificate shall be delivered under this Agreement, confirm to the GLA (using the Financial Confirmation) that based on the current information (actual and projected) the Agreement Funding together with the aggregate Decision Revenue received signed by the Consortium Members shall not exceed Grant Recipient's Representative or, where agreed in advance by the Aggregate Development CostsAgency, another specified member of the Grant Recipient's executive management team.
11.7 Within ten (10) Business Days of Practical Completion of a Named Project the Lead Partner shall submit to the GLA through OPS details receipt of the Actual Development Costs Officer's Certificate and the projected or actual information required pursuant to Condition 11.5 (as appropriateReview, Monitoring and Reporting) Decision Revenue for each AHP Dwelling within that Named Project.
11.8 The Lead Partner must:
11.8.1 use all reasonable endeavours to ensure that that any person providing the Financial Confirmation, the Affordable Starts Certificate, the Affordable Starts Final Certificate (the AHP Confirmations) is a senior officer of the Lead Partner with access to the information and knowledge needed accurately to give the information required; and
11.8.2 notify the GLA if it becomes aware that any AHP Confirmation is erroneous in any material respect.
11.9 The Relevant Consortium Member:
11.9.1 must use all reasonable endeavours to ensure that that any person providing the Disposal Notification and/or any other notifications or certificates from the Relevant Consortium Member to the GLA is a senior officer of the Relevant Consortium Member with access to the information and knowledge needed accurately to give the information required; and
11.9.2 notify the GLA if it becomes aware that any of the confirmations set out in clause 11.9.1 above are erroneous in any material respect.Condition
Appears in 1 contract
Sources: Grant Agreement
Review, Monitoring and Reporting. 11.1 Each Consortium Member must promptly advise GLA comply fully with the contract management and reporting obligations set out in this Condition 11 (Review, Monitoring and Reporting).
11.2 Each Consortium Member acknowledges the high importance to the Agency of it being advised when any circumstance occurs which may:
11.1.1 11.2.1 impact adversely on its ability to deliver any Named Project Firm Scheme in accordance with the terms of this Agreement;
11.1.2 11.2.2 change any assumptions in the case of an LA Provider, gives rise relation to the Approved Bid or any Firm Scheme which would provide an opportunity for the Consortium or any Consortium Member to deliver more AHP Dwellings with the Allocated Grant or with the Firm Scheme Grant (as applicable);
11.2.3 indicates that the Agency is making available more grant than is required to deliver the Approved Bid or a Firm Scheme; or
11.2.4 without prejudice to the circumstances specified in Conditions 11.2.1 (Review, Monitoring and Reporting) to 11.2.4 (Review, Monitoring and Reporting) (inclusive), indicate that one or more Consortium Members will need to make more or fewer Permitted Conversions. (collectively the Contract Monitoring Outputs).
11.3 Where the Agency becomes aware either via the Contract Monitoring Outputs or through other monitoring, that the Approved Bid has not been complied with or is unlikely to be complied with, the Agency may in order to address such compliance failure issue an Allocation Change Notice requiring:
11.3.1 a reduction, increase or other change to the number of a Section 114 Report AHP Dwellings to be delivered or to the issue of a Section 15 DirectionConversion Capacity; and/or
11.1.3 constitute 11.3.2 a Default Event reduction or a breach of Condition 9 other adjustment to the Allocated Grant or Condition 10.to any Firm Scheme Grant; and/or
11.2 The Lead Partner 11.3.3 any other change to the Approved Bid the Agency deems reasonably necessary; and such Allocation Change Notice shall attend a review meeting when required to do so by the GLA acting reasonably and the GLA shall provide the Lead Partner with written details of the matters to be discussed at the review meeting timeously in advance of such meeting.
11.3 The Lead Partner shall provide the GLA as soon as reasonably practicable with such information as by the GLA shall reasonably require to support or facilitate the discussions referred to in this Condition 11 Agency and shall use all reasonable endeavours to ensure the accuracy of any information provided and each Consortium member must provide the Lead Partner with such information as the Lead Partner requires and in order to allow it to discharge its obligations under this Condition 11.
11.4 The Lead Partner must keep OPS fully updated and ensure that it accurately reflects the agreed Approved Bid and Named Project Details from time to time.
11.5 Each Consortium Member shall ensure that it and any Consortium Member Affiliate event within fifteen (at its or their cost) co-operates with the GLA during an SGEI Review and it shall if requested promptly provide the GLA with SGEI Information and such other information, evidence and/or explanation as the GLA may reasonably require.
11.6 The Lead Partner shall, by 31 March 2018 and then every two (2) years thereafter until Practical Completion of all the Named Projects delivered or to be delivered under this Agreement, confirm to the GLA (using the Financial Confirmation) that based on the current information (actual and projected) the Agreement Funding together with the aggregate Decision Revenue received by the Consortium Members shall not exceed the Aggregate Development Costs.
11.7 Within ten (1015) Business Days of Practical Completion the date of a Named Project issue of the Allocation Change Notice.
11.4 Nothing in Condition 11.3 (Review, Monitoring and Reporting) shall preclude the Agency and the Lead Partner shall submit from agreeing an alternative means of dealing with the failure to comply with the GLA through OPS details Approved Bid to that set out in the Allocation Change Notice save that unless such alternative is agreed and reflected in IMS by the end of the Actual Development Costs then current Financial Year, the change required by the Agency in the Allocation Change Notice shall take effect on the next following 1 April and the projected or actual (Agency shall be entitled to make all such changes to IMS as appropriate) Decision Revenue for each AHP Dwelling within that Named Projectare necessary to reflect the contents of the Allocation Change Notice.
11.8 11.5 The Lead Partner must:
11.8.1 use all reasonable endeavours to ensure that that any person providing shall with effect from and including the Financial Confirmation, first Quarter Date after the Affordable Starts Certificate, the Affordable Starts Final date of this Agreement submit a signed and dated Officer's Certificate (the AHP Confirmations) is a senior officer of the Lead Partner with access to the information and knowledge needed accurately to give the information required; and
11.8.2 notify the GLA if it becomes aware that any AHP Confirmation is erroneous in any material respect.
11.9 The Relevant Consortium Member:
11.9.1 must use all reasonable endeavours to ensure that that any person providing the Disposal Notification and/or any other notifications or certificates from the Relevant Consortium Member to the GLA is a senior officer of the Relevant Consortium Member with access to the information and knowledge needed accurately to give the information required; and
11.9.2 notify the GLA if it becomes aware that any of the confirmations set out in clause 11.9.1 above are erroneous in any material respect.Agency within five
Appears in 1 contract
Sources: Grant Agreement
Review, Monitoring and Reporting. 11.1 Each Consortium Member must promptly advise GLA The Grant Recipient shall comply fully with the contract management and reporting obligations set out in this Condition 11 (Review, Monitoring and Reporting).
11.2 The Grant Recipient acknowledges the high importance to the Agency of it being advised when any circumstance occurs which may:
11.1.1 11.2.1 impact adversely on its the Grant Recipient's ability to deliver any Named Project Firm Scheme in accordance with the terms of this Agreement;
11.1.2 11.2.2 change any assumptions in the case of an LA Provider, gives rise relation to the Approved Bid or any Firm Scheme which would provide an opportunity for the Grant Recipient to deliver more AHP Dwellings with the Allocated Grant;
11.2.3 indicates that the Agency is making available more grant than is required to deliver the Approved Bid or a Firm Scheme; or
11.2.4 without prejudice to the circumstances specified in Conditions 11.2.1 (Review, Monitoring and Reporting) to 11.2.43 (Review, Monitoring and Reporting) (inclusive), indicate that the Grant Recipient will need to make more or fewer Permitted Conversions. (collectively the Contract Monitoring Outputs).
11.3 Where the Agency becomes aware either via the Contract Monitoring Outputs or through other monitoring, that the Approved Bid has not been complied with or is unlikely to be complied with, the Agency may in order to address such compliance failure issue an Allocation Change Notice requiring:
11.3.1 a reduction, increase or other change to the number of a Section 114 Report AHP Dwellings to be delivered or to the issue of a Section 15 DirectionConversion Capacity; and/or
11.1.3 constitute 11.3.2 a Default Event reduction or a breach of Condition 9 other adjustment to the Allocated Grant or Condition 10.to any Firm Scheme Grant; and/or
11.2 The Lead Partner 11.3.3 any other change to the Approved Bid the Agency deems reasonably necessary; and such Allocation Change Notice shall attend a review meeting when required to do so by the GLA acting reasonably and the GLA shall provide the Lead Partner with written details of the matters to be discussed at the review meeting timeously in advance of such meeting.
11.3 The Lead Partner shall provide the GLA as soon as reasonably practicable with such information as by the GLA shall reasonably require to support or facilitate parties and in any event within 15 Business Days of the discussions referred to in this Condition 11 and shall use all reasonable endeavours to ensure date of issue of the accuracy of any information provided and each Consortium member must provide the Lead Partner with such information as the Lead Partner requires in order to allow it to discharge its obligations under this Condition 11Allocation Change Notice.
11.4 The Lead Partner must keep OPS fully updated Nothing in Condition 11.3 (Review, Monitoring and ensure that it accurately reflects Reporting) shall preclude the agreed parties from agreeing an alternative means of dealing with the failure to comply with the Approved Bid to that set out in the Allocation Change Notice save that unless such alternative is agreed and Named Project Details from time reflected in IMS by the end of the then current Financial Year, the change required by the Agency in the Allocation Change Notice shall take effect on the next following 1 April and the Agency shall be entitled to timemake all such changes to IMS as are necessary to reflect the contents of the Allocation Change Notice.
11.5 Each Consortium Member The Grant Recipient shall ensure that it with effect from and any Consortium Member Affiliate including the first Quarter Date after the date of this Agreement submit a signed and dated Officer's Certificate to the Agency within five (at its or their cost5) co-operates Business Days of each Quarter Date together with the GLA during an SGEI Review and it shall if requested promptly provide the GLA with SGEI Information and such other information, evidence and/or explanation information as may have been requested on reasonable notice by the GLA may reasonably requireAgency.
11.6 The Lead Partner shall, by 31 March 2018 and then every two (2) years thereafter until Practical Completion of all the Named Projects delivered or to Officer's Certificate shall be delivered under this Agreement, confirm to the GLA (using the Financial Confirmation) that based on the current information (actual and projected) the Agreement Funding together with the aggregate Decision Revenue received signed by the Consortium Members shall not exceed Grant Recipient's Representative or, where agreed in advance by the Aggregate Development CostsAgency, another specified member of the Grant Recipient's executive management team.
11.7 Within ten (10) Business Days of Practical Completion of a Named Project the Lead Partner shall submit to the GLA through OPS details receipt of the Actual Development Costs Officer's Certificate and the projected or actual information required pursuant to Condition 11.5 (as appropriateReview, Monitoring and Reporting) Decision Revenue for each AHP Dwelling within that Named Project.
11.8 The Lead Partner must:
11.8.1 use all reasonable endeavours to ensure that that any person providing the Financial Confirmation, the Affordable Starts Certificate, the Affordable Starts Final Certificate (the AHP Confirmations) is a senior officer of the Lead Partner with access to the information and knowledge needed accurately to give the information required; and
11.8.2 notify the GLA if it becomes aware that any AHP Confirmation is erroneous in any material respect.
11.9 The Relevant Consortium Member:
11.9.1 must use all reasonable endeavours to ensure that that any person providing the Disposal Notification and/or any other notifications or certificates from the Relevant Consortium Member to the GLA is a senior officer of the Relevant Consortium Member with access to the information and knowledge needed accurately to give the information required; and
11.9.2 notify the GLA if it becomes aware that any of the confirmations set out in clause 11.9.1 above are erroneous in any material respect.Condition
Appears in 1 contract
Sources: Grant Agreement
Review, Monitoring and Reporting. 11.1 Each Consortium Member must comply fully with the contract management and reporting obligations set out in this Condition 11 (Review, Monitoring and Reporting).
11.2 Each Consortium Member acknowledges the high importance to the Agency of it being promptly advise GLA advised when any circumstance occurs which may:
11.1.1 11.2.1 impact adversely on its ability to deliver any Named Project Firm Scheme in accordance with the terms of this Agreement;
11.1.2 11.2.2 change any assumptions in relation to the Approved Bid or any Firm Scheme which would provide an opportunity for the Consortium or any Consortium Member to deliver more SOAHP Dwellings with the Allocated Grant or with the Firm Scheme Grant (as applicable);
11.2.3 indicates that the Agency is making available more grant than is required to deliver the Approved Bid or a Firm Scheme; or
11.2.4 without prejudice to the circumstances specified in Conditions 11.2.1 (Review, Monitoring and Reporting) to 11.2.4 (Review, Monitoring and Reporting) (inclusive), indicate that one or more Consortium Members will need to make more or fewer Permitted Conversions;
11.2.5 in the case of an LA Provider, gives rise to the making of a Section 114 Report or the issue of a Section 15 Direction; and/or;
11.1.3 constitute a Default Event or 11.2.6 constitutes a breach of Condition 9 or Condition 10.10 (Operational Obligations); or
11.2 The Lead Partner shall attend 11.2.7 constitutes a review meeting when required to do so by Default Event (collectively the GLA acting reasonably and the GLA shall provide the Lead Partner with written details of the matters to be discussed at the review meeting timeously in advance of such meetingContract Monitoring Outputs).
11.3 The Lead Partner Where the Agency becomes aware either via the Contract Monitoring Outputs or through other monitoring, that the Approved Bid has not been complied with or is unlikely to be complied with, the Agency may in order to address such compliance failure issue an Allocation Change Notice requiring:
11.3.1 a reduction, increase or other change to the number of SOAHP Dwellings to be delivered or to the Conversion Capacity; and/or
11.3.2 a reduction or other adjustment to the Allocated Grant or to any Firm Scheme Grant; and/or
11.3.3 any other change to the Approved Bid the Agency deems reasonably necessary; and such Allocation Change Notice shall provide the GLA be discussed as soon as reasonably practicable with such information as by the GLA shall reasonably require to support or facilitate the discussions referred to in this Condition 11 Agency and shall use all reasonable endeavours to ensure the accuracy of any information provided and each Consortium member must provide the Lead Partner with such information as the Lead Partner requires and in order to allow it to discharge its obligations under this Condition 11.
11.4 The Lead Partner must keep OPS fully updated and ensure that it accurately reflects the agreed Approved Bid and Named Project Details from time to time.
11.5 Each Consortium Member shall ensure that it and any Consortium Member Affiliate event within fifteen (at its or their cost) co-operates with the GLA during an SGEI Review and it shall if requested promptly provide the GLA with SGEI Information and such other information, evidence and/or explanation as the GLA may reasonably require.
11.6 The Lead Partner shall, by 31 March 2018 and then every two (2) years thereafter until Practical Completion of all the Named Projects delivered or to be delivered under this Agreement, confirm to the GLA (using the Financial Confirmation) that based on the current information (actual and projected) the Agreement Funding together with the aggregate Decision Revenue received by the Consortium Members shall not exceed the Aggregate Development Costs.
11.7 Within ten (1015) Business Days of Practical Completion the date of a Named Project issue of the Allocation Change Notice.
11.4 Nothing in Condition 11.3 (Review, Monitoring and Reporting) shall preclude the Agency and the Lead Partner shall submit from agreeing an alternative means of dealing with the failure to comply with the GLA through OPS details Approved Bid to that set out in the Allocation Change Notice save that unless such alternative is agreed and reflected in IMS by the end of the Actual Development Costs then current Financial Year, the change required by the Agency in the Allocation Change Notice shall take effect on the next following 1 April and the projected or actual (Agency shall be entitled to make all such changes to IMS as appropriate) Decision Revenue for each AHP Dwelling within that Named Projectare necessary to reflect the contents of the Allocation Change Notice.
11.8 11.5 The Lead Partner must:
11.8.1 use all reasonable endeavours to ensure that that any person providing shall with effect from and including the Financial Confirmation, first Quarter Date after the Affordable Starts Certificate, the Affordable Starts Final date of this Agreement submit a signed and dated Officer's Certificate (the AHP Confirmations) is a senior officer of the Lead Partner with access to the information and knowledge needed accurately to give the information required; and
11.8.2 notify the GLA if it becomes aware that any AHP Confirmation is erroneous in any material respect.
11.9 The Relevant Consortium Member:
11.9.1 must use all reasonable endeavours to ensure that that any person providing the Disposal Notification and/or any other notifications or certificates from the Relevant Consortium Member to the GLA is a senior officer of the Relevant Consortium Member with access to the information and knowledge needed accurately to give the information required; and
11.9.2 notify the GLA if it becomes aware that any of the confirmations set out in clause 11.9.1 above are erroneous in any material respect.Agency within five
Appears in 1 contract
Sources: Grant Agreement