Liabilities of the Parties and Payments relating to Pensions

26.7 The following provisions shall apply in relation to liability and payments as between the parties in relation to the provisions of this Clause 26 (Pension Matters):

26.7.1 immediately on a liability to contribute under a rates and adjustments certificate under Regulations 32 or 34 of the LGPS (Administration) Regulations arising on [Sub-hubco/Project Co] (and/or any relevant Service Provider), [Sub-hubco/Project Co] (and/or any relevant Service Provider) shall notify the Authority in writing of the Actual Contribution Amount set out in that rates and adjustments certificate and either: (i) the amount (if any) by which the Actual Contribution Amount exceeds the Fixed Amount (the "Authority Top-up Amount"); or (ii) the amount (if any) by which the Actual Contribution Amount is less than the Fixed Amount (the "[Sub-hubco/Project Co] Top-up Amount"); and

26.7.2 following such written notification to the Authority by [Sub-hubco/Project Co] pursuant to Clause 26.7.1 above, the Annual Service Payments shall be adjusted by operation of Clause 34.2.1(c) to reflect the Authority Top-up Amount or the [Sub-hubco/Project Co]Top-up Amount.