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THIS AGREEMENT is made on 2020 BETWEEN:
(1) THE GATLEY GOLF CLUB LIMITED (Company No. 489677) whose registered office is at Waterfall Farm, Styal Road, Heald Green Cheadle, Cheshire SK8 3TW (the "Owner")
(2) HOLLINS STRATEGIC LAND LLP (Company Number OC330401) whose registered office is at Suite 4, 1 King Street, Manchester, M2 6AW (the "Promoter")
(3) NATIONAL WESTMINSTER BANK PLC (Company Number 00929027) whose registered office is at 250 Bishopsgate, London, England, EC2M 4AA (the "Mortgagee")
1 DEFINITIONS
1.1 In this Agreement, unless the context otherwise requires, the following
terms and expressions have the following meanings:
“1990 Act" means the Town and Country Planning Act 1990 as amended.
“2004 Act” means the Planning and Compulsory Purchase Act 2004 and includes all current statutory instruments or orders pursuant to the 2004 Act.
“Acceptance Date” means the date on which a Compliant Offer is accepted subject to contract.
“Acts” means the 1990 Act and the 2004 Act.
“Allocation” means identification in a relevant Development Plan as suitable for Development for residential use and appropriate ancillary use(s) or a residential led mixed use scheme (or such other use(s) as agreed between the parties (acting reasonably) from time to time) or having the benefit of planning permission for Development for residential use and appropriate ancillary use(s) or a residential led mixed use scheme (or such other use(s) as agreed between the parties (acting reasonably) from time to time).
“Annual Payment” means the sum of fifty thousand pounds (£50,000) per annum exclusive of VAT.
“Appeal” means all or any of the following:
(a)
(b)
an application to the local planning authority under section 73 of the 1990 Act against any Planning Permission that is not a Relevant Planning Permission;
an application to the Secretary of State under sections 78 and 79 of the 1990 Act following a Planning Refusal;
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/Users/georgegriffiths/Library/Containers/com.apple.mail/Data/Library/Mail Downloads/6663C249-66B1-4856-B8AF-3D567A64A39C/Promotion Agreement (engrossment) (JMW).doc