- Amendments necessary to provide for payment of the Authority's share of the Refinancing Gain by:
- a constant reduction in the Unitary Charge, and/or
- a continuing increase in scope of services in cases where the Authority has not chosen to have its share paid wholly as a lump sum
- Amendments necessary to implement the agreed position on termination liabilities as a result of the Refinancing, whether these are to remain constant or to increase (cf. §1.3)
- Execution of a new (but unchanged) Direct Agreement with new Senior Lenders