The purpose of this Schedule Part 5 (Approval Process for New Projects) is to set out how hubco and the Participants will work together to agree which New Projects will be taken forward and approved for development by hubco and on what basis. It sets out a two-stage approval process for New Projects. The provisions of paragraphs 3 to 6 of this Schedule Part 5 shall apply in relation to Qualifying Projects whether or not the period of ten (10) years from the Commencement Date has expired. The Parties may agree to utilise this process (amended as appropriate) in respect of other Project Services under Clause 9.3 but are not obliged to do so.