7.1 For the purposes of this Section 4 (High Value Changes), Approval Criteria means the criteria against which any Stage 1 Approved Project is to be judged by the Authority in determining whether it achieves Stage 2 Approval. The criteria are:
7.1.1 whether the costs of the Stage 1 Approved Project are within the Target Cost notified to Sub-hubco by the Authority;
7.1.2 whether it has been demonstrated that the Stage 1 Approved Project provides value for money assessed in accordance with the measures identified by the Authority in accordance with paragraph 2.1.4 of this Section 4 (High Value Changes);
7.1.3 whether the Authority, acting reasonably, is satisfied that the High Value Change Stage 2 Submission meets the High Value Change Requirements;
7.1.4 whether any material changes or amendments to the relevant Project Document(s) as detailed pursuant to paragraph 4.3.1 of this Section 4 (High Value Changes) are acceptable to the Authority, acting reasonably; and
7.1.5 whether the High Value Change Stage 2 Submission contains all the information required pursuant to paragraph .4.3 of this Section 4 (High Value Changes) (or as otherwise agreed by the parties).