Valuation and Payments for Reductions or Avoided Costs. (a) If a Change Order involves any reductions in the Project, the Project Requirements, the O&M, or the O&M Requirements, and results in net savings in costs (in the context of a reduction in the Project or the Project Requirements having regard, without limitation, to any reasonable make whole premiums, hedging or other breakage costs, or prepayment fees, and all reasonable redemption implementation costs reasonably incurred by the Contractor as a result of any adjustments to debt service payments) to the Contractor for completing the Project or performing the Project Requirements, the O&M, or the O&M Requirements, then the value of all such savings shall be reflected in a lump sum payment to the Province or in adjustments to the Capital Payments and/or the O&M Payments to the extent as determined by the parties, acting reasonably.
Valuation and Payments for Reductions or Avoided Costs. (a) If a Change Order involves any reduction in the Project, the Project Requirements, the M&R, or the M&R Requirements, and results in net savings in costs (in the context of a reduction in the Project or the Project Requirements having regard, without limitation, to any reasonable make whole premiums, hedging or other breakage costs, or prepayment fees and all reasonable redemption implementation costs reasonably incurred by the Contractor as a result of any adjustments to debt service payments that are directly attributable and limited to the reduction in the Project or Project Requirements) to the Contractor for completing the Project or performing the Project Requirements, the M&R, or the M&R Requirements, then the value of all such savings shall be reflected in a lump sum payment to the Province or in adjustments to the Capital Payments and/or the M&R Payments to the extent as determined by the parties, acting reasonably.
Valuation and Payments for Reductions or Avoided Costs. (a) If a Change Order involves any reduction in the Works, the Existing Facilities O&M, the Works Requirements, the O&M or the O&M Requirements and results in net savings in costs (in the context of a reduction in the Works or the Works Requirements having regard, without limitation, to any reasonable make whole premiums, hedging or other breakage costs, or prepayment fees and all reasonable redemption implementation costs reasonably incurred by Project Co as a result of any adjustments to debt service payments that are directly attributable and limited to the reduction in the Works or Works Requirements) to Project Co for completing the Works or performing the Existing Facilities O&M or the Works Requirements, the O&M or the O&M Requirements, then the value of all such savings shall be reflected in a lump sum payment to the City or in adjustments to any payments due to Project Co hereunder to the extent determined by the parties, acting reasonably.
Valuation and Payments for Reductions or Avoided Costs. (a) If a Change Order involves any reductions in the Project Requirements or the O&M Requirements, or net savings in costs to the Contractor for performing the Project Requirements or the O&M Requirements, then the value of all such reductions or savings will be reflected in a lump sum payment or adjustments to the Capital Payments and/or the O&M Payments to the extent as determined by the parties, acting reasonably.
Valuation and Payments for Reductions or Avoided Costs. (a) If a Change involves any reductions in the Project or the Project Requirements, and results in net savings in costs (in the context of a reduction in the Project or the Project Requirements having regard, without limitation, to any financing costs, including up-front and commitment fees, reasonable make whole premiums, hedging or other breakage costs or prepayment fees and all reasonable redemption implementation costs reasonably incurred by Project Co as a result of any adjustments to debt service payments) to Project Co for completing the Project or performing the Project Requirements, then the value of all such savings shall be reflected in a lump sum payment to the City, or in adjustments to the Construction Payments, as determined by the Parties, acting reasonably.
Valuation and Payments for Reductions or Avoided Costs. (a) If a Change Order involves any reductions in the Project or the Project Requirements, and results in net savings in costs to the Contractor for completing the Project or performing the Project Requirements, then the value of all such savings shall be reflected in adjustments to the Payment to the extent as determined by the parties, acting reasonably.
