Common use of Reduction in costs Clause in Contracts

Reduction in costs. 23.2.1. If as a result of Change in Law, the Concessionaire enjoys a reduction in costs or increase in net after tax return or other financial benefit, the aggregate financial effect of which exceeds the higher of Rs 25 lakh ( Rs twenty five lakh) and 0.5% ( zero point five percent) of the annual Fixed Storage Charge in any Financial Year, during the Operation Period the Authority may so notify the Concessionaire and propose amendments to this Agreement so as to put the Concessionaire in the same financial position as it would have occupied had there been so such Change in Law resulting in such decreased cost, increase in return or other financial benefit as aforesaid. Upon notification by the Authority as aforesaid, the Parties shall meet as soon as reasonably practicable but no later than 45 (forty five) days and either agree on such amendments to this Agreement or on alternative arrangements to implement the foregoing.

Reduction in costs. 23.2.136.2.1. If as a result of Change in Law, the Concessionaire enjoys benefits from a reduction in costs or increase in net after after-tax return or other financial benefitgains, the aggregate financial effect of which exceeds the higher of Rs 25 lakh ( Rs twenty five lakhRs. 10 Lakh (Rupees ten Lakh) and 0.5% ( (zero point five percent) of of the annual Fixed Storage Charge and Handling Charges in any Financial Accounting Year, during the Operation Period the Authority may so notify the Concessionaire and propose amendments to this Agreement so as to put place the Concessionaire in the same financial position as it would have occupied enjoyed had there been so no such Change in Law resulting in such the decreased costcosts, increase in return or other financial benefit gains as aforesaid. Upon notification notice by the Authority as aforesaidAuthority, the Parties shall meet meet, as soon as reasonably practicable but no later than 45 30 (forty fivethirty) days from the date of notice, and either agree on such amendments to this Agreement or on alternative arrangements to implement the foregoing.any other mutually agreed arrangement:

Reduction in costs. 23.2.1. If as a result of Change in Law, the Concessionaire enjoys a reduction in costs or increase in net after tax return or other financial benefit, the aggregate financial effect of which exceeds the higher of Rs 25 lakh ( Rs twenty five lakh) and 0.5% ( zero point five percent) of the annual Fixed Storage Charge in any Financial Year, during the Operation Period, during the Operation Period the Authority may so notify the Concessionaire and propose amendments to this Agreement so as to put the Concessionaire in the same financial position as it would have occupied had there been so such Change in Law resulting in such decreased cost, increase in return or other financial benefit as aforesaid. Upon notification by the Authority as aforesaid, the Parties shall meet as soon as reasonably practicable but no later than 45 (forty five) days and either agree on such amendments to this Agreement or on alternative arrangements to implement the foregoing.