Common use of Financial Model Audits; Accuracy Clause in Contracts

Financial Model Audits; Accuracy. 16.6.1 In connection with any adjustments made to the Financial Model, including amendments to the logic or formulae incorporated in the Financial Model under Section 16.5 (Amendments to Logic and/or Formulae), and as a condition to providing approval for any amended version of the Financial Model, Developer shall (at its own cost) deliver to the Authority an audit of such amended version of the Financial Model from an independent audit firm with nationally recognized reputation. 16.6.2 Developer shall bear the entire risk of any errors in or omissions from the Financial Model and shall not be entitled to any compensation or other relief from the Authority in relation to any loss or damage that it suffers as a result of such error or omission.

Appears in 4 contracts

Samples: Project Agreement, Project Agreement, Project Agreement

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