In order to optimise the value gain for both parties and in exchange for sharing, the Authority will subject to value for money and other relevant considerations, amend certain terms of the original documentation or, subject to 9. above, give certain Consents. The Authority will act reasonably and without delay in order to facilitate this process.
Authorities should be willing to confirm, on a timely basis, to lenders and other parties supporting refinancings whether or not the terms under which a refinancing is proposed to be implemented are in accordance with this Code.