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and which shall be subject to extension in accordance with Schedule 2 paragraph 2.8.
“Minimum Price” means the Sale price which achieves twenty million pounds (£20,000,000) in aggregate being four hundred and forty four thousand pounds (£444,000) per acre of the Consented Property being sold.
“Objectives” means the Objectives of the Parties set out in clause 4.
“Offer” means an offer to acquire the Consented Property.
"Owner’s Solicitors" means Chafes Hague Lambert Solicitors (fax number: ) (ref: AZA/THE343/11) or such other firm the Owner shall appoint for the purpose of this Agreement and notify the Promoter in writing.
“Parties” both the Owner and the Promoter and the expression Party means either of the Parties.
"Planning Agreement" means any agreement required in connection with the grant of planning permission by the local planning authority or by any authority or body responsible for highways, sewerage, water, gas, electricity or communication services. Such Agreement may be under any of the following statutes or similar legislation:
s.106 of the 1990 Act
s.111 Local Government Act 1972 Electricity Act 1989
Gas Act 1980
Highways Act 1980
Water Act 1989
Water Industry Act 1991
The expression “Planning Agreement” includes a unilateral undertaking pursuant to s.106 of the 1990 Act executed by the Promoter and/or Owner and any supplementary deeds of grant required by the Promoter to implement any of the above agreements.
“Planning Application” means any application or applications for planning permission or approval of reserved matters made by or on behalf of or at the request of the Promoter, for the development of the whole or any part of the Property for residential purposes and/or any use within Class C3 and or C2 of the Town and Country Planning (Use Classes) Order 1987 as amended by the Town and Country Planning (Use Classes) (Amendment) (England) Order 2005 or a residential led mixed used scheme and for ancillary matters including any reasonable
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