Financial Model Adjustments). Where for the purposes of this Article 16 (Financial Model Adjustments) the Financial Model is to be adjusted by reference to a Relevant Event, this shall be carried out by Developer, in consultation with the Authority, to reflect the impact of the Relevant Event in respect of which such adjustment is being undertaken. In calculating the Change in Costs and/or Revenue Impact and in assessing other adjustments to be made to the Financial Model arising from the Relevant Event, Developer shall be entitled to take into account, inter alia, any Change in Costs and (with respect to any Reconciliation (as defined in Section 12.2.6.3)) Revenue Impact; provided, that the Authority shall not be required (and Developer shall not be entitled) to take into account the financial impact up to or after the date of the Relevant Event of those risks which Developer expressly bears under the terms of this Agreement, including (to the extent so expressly borne by Developer under this Agreement) changes in taxation rates, inflation and the impact of any deductions made by the Authority pursuant to Exhibit 8 (Payment Mechanism).
Appears in 4 contracts
Samples: Project Agreement, Project Agreement, Project Agreement
