Common use of Calculation of Refinancing Gain Clause in Contracts

Calculation of Refinancing Gain. The Authority and Project Co will negotiate in good faith the basis and method of calculation of the Refinancing Gain and payment of the Authority’s share of the Refinancing Gain, taking into account how the Authority has elected to receive its share of the Refinancing Gain pursuant to Section 5.6 and the profile of the Refinancing Gain. The Refinancing Gain will be calculated after taking into account the reasonable and proper professional costs that Project Co directly incurs in relation to the Refinancing and, if applicable, the Authority’s costs that Project Co pays pursuant to Section 5.8. If the Authority and Project Co are unable to agree on the basis and method of calculation of the Refinancing Gain or the payment of the Authority’s share, the Dispute will be determined in accordance with the Dispute Resolution Procedure.

Calculation of Refinancing Gain. ‌ The Authority and Project Co will negotiate in good faith the basis and method of calculation of the Refinancing Gain and payment of the Authority’s share of the Refinancing Gain, taking into account how the Authority has elected to receive its share of the Refinancing Gain pursuant to Section 5.6 and the profile of the Refinancing Gain. The Refinancing Gain will be calculated after taking into account the reasonable and proper professional costs that Project Co directly incurs in relation to the Refinancing and, if applicable, the Authority’s costs that Project Co pays pursuant to Section 5.8. If the Authority and Project Co are unable to agree on the basis and method of calculation of the Refinancing Gain or the payment of the Authority’s share, the Dispute will be determined in accordance with the Dispute Resolution Procedure.

Calculation of Refinancing Gain. The Authority Owner and Project Co will negotiate in good faith the basis and method of calculation of the Refinancing Gain and payment of the AuthorityOwner’s share of the Refinancing Gain, taking into account how the Authority Owner has elected to receive its share of the Refinancing Gain pursuant to Section 5.6 and the profile of the Refinancing Gain. The Refinancing Gain will be calculated after taking into account the reasonable and proper professional costs that Project Co directly incurs in relation to the Refinancing and, if applicable, the AuthorityOwner’s costs that Project Co pays pursuant to Section 5.8. If the Authority Owner and Project Co are unable to agree on the basis and method of calculation of the Refinancing Gain or the payment of the AuthorityOwner’s share, the Dispute will be determined in accordance with the Dispute Resolution Procedure.