The Concessionaire Notice of Variation must Sample Clauses

The Concessionaire Notice of Variation must. (a) set out the proposed variation in the Works and/or the Services in sufficient detail to enable the Grantor and the Independent Engineer if the Concessionaire Notice of Variation is served during Construction Period to evaluate it in full; (b) specify the Concessionaire's reasons for proposing the variation in the Works and/or the Services; (c) request the Grantor to consult with the Concessionaire with a view to deciding whether to agree to the variation in the Works and/or the Services and, if so, what consequential changes the Grantor requires as a result; (d) indicate any implications of the variation in the Works and/or the Services on this Agreement and any of its terms; (e) indicate, in particular, whether a change to the Concession Fee and/or Concessionaire Tariff (and/or other means of compensation provided under Article 35.2.7) is proposed; (f) indicate if there are any dates by which a decision by the Grantor is critical; (g) include a detailed estimate of the costs of the proposed variation; and (h) provide an estimate of the variation costs and changes in revenues and other items which could impact Net Equity Cash Flow that results from the variation in the Works and/or the Services, and implementation timetable in accordance with Article 35.1.5, and the economic impact of the proposed Concessionaire Variation on the Project ("Concessionaire Variation Economic Impact"), which is equal to the net present value of the changes in Net Equity Cash Flow projections until the expiry of Concession Period discounted by an adjustment factor of thirteen percent (13%) per annum to the Concessionaire.
Sample 1
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The Concessionaire Notice of Variation must set out the proposed variation in the Works and/or the Services in sufficient detail to enable the Grantor [and the Independent Engineer if the Concessionaire Notice of Variation is served during Construction Period] to evaluate it in full;
Sample 1

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