Authority Compensation. Without prejudice to any rights of the Company at common law or in equity, where the Company suffers or incurs Academy Direct Losses or Indirect Losses in connection with a breach of the PFI Project Agreement by the Authority or an Authority Related Party and/or this Agreement or any other liability under the PFI Project Agreement attributable to the Authority or the Authority Related Party or the negligence or wilful misconduct of the Authority or an Authority Related Party, and the indemnities contained in clauses 21.1 to 21.4 (inclusive) do not apply, the Authority shall compensate the Company for all such Academy Direct Losses and Indirect Losses.
Authority Compensation. Without prejudice to any rights of the Company at common law or in equity, where the Company suffers or incurs Academy Direct Losses or Indirect Losses in connection with a breach by the Authority or an Authority Related Party of the Project Agreement and/or this Agreement or any other liability attributable to the Authority or the Authority Related Party under the Project Agreement or the negligence or wilful misconduct of the Authority or an Authority Related Party, and the indemnities contained in clauses 21.1 to 21.4 (inclusive) do not apply, the Authority shall compensate the Company for all such Academy Direct Losses and Indirect Losses. [ADDITIONAL INCOME Income Calculation The Company shall provide all reasonable assistance to the Authority where, in accordance with Clause [ ] of the Project Agreement, the Authority and Contractor seek to agree the Net Income generated from use of the Academy through Third Party use or Community Use.
Authority Compensation. The Authority shall provide Concession Compensation to the Concession Company as an Adverse Action (i) to the extent that the Concession Company becomes responsible for or subject to any income tax in excess of the fixed income tax rate of twenty percent (20%) over the net income derived from the operations provided under this Agreement as currently provided for in the Act in lieu of any other income tax, if any, provided by the P.R. Revenue Code or by any other applicable Law of the Commonwealth, including, but not limited to the alternative minimum tax and the tax on dividend equivalent amount imposed under the P.R. Revenue Code and (ii) to the extent that the Equity Participants become subject to income tax on distributions of dividends or benefits from utilities and benefits arising from the net income derived from the operations provided in this Agreement.
Authority Compensation. Without prejudice to any rights of the Company and the Diocesan Trustees at common law or in equity, where the Company or the Diocesan Trustees suffers or incurs Academy Direct Losses or Indirect Losses in connection with a breach by the Authority or an Authority Related Party of the Project Agreement and/or this Agreement or any other liability attributable to the Authority or the Authority Related Party under the Project Agreement or the negligence or wilful misconduct of the Authority or an Authority Related Party, and the indemnities contained in clauses 21.1 to 21.4 (inclusive) do not apply, the Authority shall compensate the Company and the Diocesan Trustees for all such Academy Direct Losses and Indirect Losses.
