Agenda Reports Pack (Public) 15/10/2012, 19.00 - Meetings ...

“the Shepherds BushMarket Tenants”“Surety”means the lawful lessees of (currently) LUL of the arches,shops and stalls in Shepherds Bush Market, but excludingfor the avoidance of any of their successors-in-title and theShepherds Bush Market Freehold Traders, and a referenceto “Shepherds Bush Market Tenant” shall be construedaccordinglymeans one or more of the following:(a) a bond issued by a reputable financial institution orrecognised bondsman;(b) a guarantee whether given by a incorporated orunincorporated person; and(c) other forms of security, whether being in money or inkind,in respect of the Developer’s obligations under thisAgreement in such sum as the Council shall from time totime reasonably determine after considering any reportfrom the Referencing Agent and from such Surety and insuch form as the Council may approve“Terms ofAppointment”means the terms and conditions of for the appointment ofthe Referencing Agent which shall include (withoutlimitation):(a) the timing and carrying out of the ReferencingExercise;(b) the level and timing of payment of remuneration;(c) the level of professional indemnity insurance;(d) the providing of either a Collateral Warranty or rightsunder the 1999 Act in favour of the Buyer;(e) reviewing and advising on the draft CPO and anysupporting documentation;(f) providing advice and its opinion from time-to-timewhen requested on the method and approach to be takenby the Seller in the preparation, application for andmaking of a CPO, including its confirmation;(g) preparing Tables 1 and 2 to be inserted in theprescribed form of compulsory purchase order;L1.040-CPO-CPOIA.v2.215Page 98