Common use of Feasibility Studies Clause in Contracts

Feasibility Studies. (g) If the Pre-Feasibility Study contains more than one option for a Contemplated Project and the Owners’ Council has not agreed on the option to pursue, the option which has the highest Net Present Value to the Owners (as determined by the Manager based on the assumptions referred to in schedule 5 or in any guidelines or protocols determined by the Owners’ Council from time to time) when compared against the same Base Case, will be selected (the agreed or selected expansion or development referred to as the Project).