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DETERMINATION OF REVISED CHARGES
DETERMINATION OF REVISED CHARGES
The Agency may elect in consultation with PFIC either to pay for a Relevant Cost by way of a lump sum or by way of an adjustment to the Monthly Charges. If the Relevant Cost is to be paid by way of a lump sum then such lump sum shall have added to it an amount equal to 10% of the Relevant Cost. If the relevant Cost is to be paid by an adjustment to the Monthly Charges then the Relevant Cost shall be used as an input into the Financial Model and the adjustment to the Monthly Charge shall be the relevant output of the Financial Model.
- Heading
- Expiry Date
- Service Level Requirements
- PFIC’s Liability for Plant etc. and Sea Defences
- Change Procedures means the procedures described in Schedule 12 (Change Procedures) Effective Date has the meaning ascribed to it in Clause 2.2(b)
- Introduction
- Changes in Circumstances
- Objections to Proposals
- DETERMINATION OF REVISED CHARGES
- Mitigation and Reasonableness
- CHANGE IN FREQUENCY OF STORM EVENS AND/OR SEA LEVEL RISE
- Interpretation of contracts: the law
- Analysis
- “ For 1/6/10 to 31/5/20
- Conclusions