Page 5 - Demo
P. 5
(c) a Calling-In; or
(d) any application for the correction of any error pursuant to the 2004 Act.
“Calling-In” means a direction by the Secretary of State (or other minister with appropriate powers) that a Planning Application be referred to him for determination under sections 76A or 77 of the 1990 Act.
“Challenge Period” means the following periods each calculated from and including the written date of any Planning Permission or other document issued by the Secretary of State (or other minister with appropriate power) or a planning inspector following an Appeal or Calling- In:
(a) following the grant of a Relevant Planning Permission (including following determination of an application under section 73 of the 2004 Act) the period of eight (8) weeks; or
(b) following the grant of a Relevant Planning Permission by or on behalf of the Secretary of State (or other minister with appropriate powers) the period of eight (8) weeks.
“Compliant Offer” means an Offer which:
(a) complies with the conditions of any sales procedure
implemented by the Parties pursuant to this Agreement;
(b) provides full identification of the intended buyer;
(c) provides that the sale is unconditional or conditional only upon:
(i) the Property or the appropriate part being sold with vacant possession; and/or
(ii) the obtaining of reserved matters approval (free from Planning Challenge) for the development of the Property or the appropriate part being sold; and/or
(iii) that the Relevant Planning Permission is free from Planning Challenge;
(d) provides that completion is no more than ten (10) weeks after exchange of contracts or if later one (1) month after the aforementioned conditions have been satisfied AND PROVIDED ALWAYS that phased or deferred sales shall be permitted and or sales with deferred/tranche payments;
(e) confirms that all monies for the Sale will be paid in pounds sterling through a London or Scottish clearing bank,
(f) is for at least the Minimum Price,
2
/Users/georgegriffiths/Library/Containers/com.apple.mail/Data/Library/Mail Downloads/6663C249-66B1-4856-B8AF-3D567A64A39C/Promotion Agreement (engrossment) (JMW).doc