Common use of Decreased Costs Clause in Contracts

Decreased Costs. 10.9.1 If a Developer Change Request results in a decrease in the cost of any of the Works, then any payment due from the Authority under this Agreement may be adjusted downwards (or a credit may be owed in the future) in accordance with Article 16 (Financial Model Adjustments) to reflect the sharing in the decrease in costs 50:50 as to the Authority and Developer, respectively. 10.9.2 If an Authority Change Request results in a decrease in the cost of any of the Works, then any payment due from the Authority under this Agreement may be adjusted downwards (or a credit may be owed in the future) in accordance with Article 16 (Financial Model Adjustments) to reflect the reduction in the cost of the relevant Works.