QCiL Savings means, in relation to a Qualifying Change in Law, all savings (including avoided out-of-pocket costs, reliefs from or reductions in a QCiL Tax Liability, insurance proceeds and other compensation) which have been, will be or are reasonably likely to be made or received in respect of the Project by the Generator arising directly as a result or in anticipation of such Qualifying Change in Law being implemented, occurring or becoming effective;
QCiL Savings means, in relation to a Qualifying Change in Law, all savings (including avoided out-of-pocket costs, reliefs from or reductions in a QCiL Tax Liability, insurance proceeds and other compensation) which have been, will be or are reasonably likely to be made or received in respect of the Project by the Emitter arising directly as a result or in anticipation of such Qualifying Change in Law being implemented, occurring or becoming effective;
QCiL Savings means, in relation to a Qualifying Change in Law, all savings and increases in revenue which will or are reasonably likely to be made by the Generator arising directly from such Qualifying Change in Law, including any Tax reliefs, insurance proceeds and compensation directly attributable to or arising as a reasonably foreseeable consequence of the Qualifying Change in Law, in each case if and to the extent that such savings or increases in revenue would have been realised by a generator acting to a Reasonable and Prudent Standard as a result of or in anticipation of such Qualifying Change in Law being implemented, occurring or becoming effective;