Common use of Time Periods For Approval Clause in Contracts

Time Periods For Approval. Each New Project Proposal and each New Project Final Approval Submission shall be valid for a period of three (3) months from the date of its submission by the LEP. If by the end of the three (3) month period referred to in paragraph 5.1 the Local Authority or the SPB (as the case may be) has not: in relation to a New Project Proposal, approved or rejected that New Project Proposal in accordance with the procedures set out in this Schedule 3: the LEP shall be entitled to withdraw the New Project Proposal at the end of that period; the LEP shall not be entitled to any costs relating to the New Project Proposal unless the [Local Authority] [SPB] has either not responded to the New Project Proposal and/or is in material breach of its obligations in paragraph 3.4 in which case paragraph 4.7 shall apply; and the provisions of paragraph 3.8 (relating to ongoing exclusivity) shall apply; in relation to a New Project Final Approval Submission, approved or rejected that New Project Final Approval Submission in accordance with the procedures set out in this Schedule 3 (or has not given any notification of the Local Authority's response to the New Project Final Approval Submission or has given written notice to the LEP withdrawing or cancelling the New Project to which the New Project Final Approval Submission relates) then the New Project Final Approval Submission shall be deemed to have been improperly rejected by the Local Authority and paragraph 4.7 shall apply.

Time Periods For Approval. Each New Project Proposal Stage 1 Submission and each New Project Final Approval Stage 2 Submission shall be valid for a period of three (3) months from the date of its submission by the LEP. If by the end of the three (3) month period referred to in paragraph 5.1 the Local Authority or the SPB (as the case may be) has not: in relation to a New Project ProposalStage 1 Submission, approved or rejected that New Project Proposal Stage 1 Submission in accordance with the procedures set out in this Schedule 3: the LEP shall be entitled to withdraw the New Project Proposal Stage 1 Submission at the end of that period; the LEP shall not be entitled to any costs relating to the New Project Proposal Stage 1 Submission unless the [Local Authority] [SPB] has either not responded to the New Project Proposal Stage 1 Submission and/or is in material breach of its obligations in paragraph 3.4 in which case paragraph 4.7 shall apply; and the provisions of paragraph 3.8 (relating to ongoing exclusivity) shall apply; in relation to a New Project Final Approval Stage 2 Submission, approved or rejected that New Project Final Approval Stage 2 Submission in accordance with the procedures set out in this Schedule 3 (or has not given any notification of the Local Authority's response to the New Project Final Approval Stage 2 Submission or has given written notice to the LEP withdrawing or cancelling the New Project to which the New Project Final Approval Stage 2 Submission relates) then the New Project Final Approval Stage 2 Submission shall be deemed to have been improperly rejected by the Local Authority and paragraph 4.7 shall apply.