14.5.1  When will the Base Case Financial Model be varied?

The Base Case Financial Model (as at Financial Close) may only be varied on the occurrence of certain specified events and in accordance with the principles and procedures set out below and only to the extent that such variation events result in an adjustment to the service fee over the remaining contract term. The Base Case Financial Model may be varied for the following:

(a)  Modifications (as discussed in Chapter 19 (Modifications));

(b)  Reviewable Services (as discussed in Chapter 15 (Review and market testing of services));

(c)  insurance (as discussed in Chapter 23 (Insurance));

(d)  Compensation Events (including for certain Changes in Law (as discussed in Chapter 20 (Change in Law));

(e)  Re-financing (as discussed in Chapter 32 (Re-financing));

(f)  government requested acceleration of construction works;

(g)  Force Majeure Events where these are defined as events of exceptional severity outside the private party's control; and

(h)  other events requiring an adjustment to the periodic service fee as specified under the project agreement.