A "Re-financing" is:
(a) any amendment to, or replacement of, the current financing agreements (i.e. the project financing documents as at contract signing as amended with government approval) and the exercise of any right, or the request for, any waiver or consent under such documents, however they may occur; and
(b) any new contractual or financing arrangement which has the effect of in any way restructuring the financing arrangements as at contract signing (including the gearing levels).