Costs

7  The Refinancing Gain (including any Margin Gain) shall be calculated after taking into account any breakage costs necessary to facilitate the Qualifying Refinancing together with the reasonable and proper professional costs that each party directly incurs in relation to the Qualifying Refinancing and on the basis that all reasonable and proper professional costs incurred by the Authority will be paid to the Authority by Project Co within twenty eight (28) days of any Qualifying Refinancing.  Such costs shall be allocated pro rata between the Margin Gain (if any) and the remaining Refinancing Gain.

8  Without prejudice to the other provisions of this Schedule Part 23 (Refinancing), Project Co shall:

8.1  notify the Authority of all Notifiable Financings on becoming aware of the same and again when they are entered into and provide full details of the same;  and

8.2  include a provision in the Funding Agreements (other than the Subordinated Funding Agreements) whereby it is entitled to be informed of any proposals which the Senior Funders may have to refinance the Funding Agreements (other than the Subordinated Funding Agreements).