16.5  [Sharing of Insurance Cost Differentials

If, pursuant to Clause [  ] of the Project Agreement, it is agreed or determined that the Authority is responsible for meeting the costs of insurance policy premium variations and further to a review by the parties of the Insurance Benchmarking Report provided by the Contractor pursuant to Clause [  ] of the Project Agreement, it is agreed or determined pursuant to Clause 23 of this Agreement that all or part of the Authority's liability to meet such costs has arisen solely due to the claims history at the Academy:

16.5.1  the Authority shall forthwith notify the Company of the same;

16.5.2  the Company shall make an appropriate adjustment to the Relevant Proportion to ensure the Authority is left in a no better and no worse position than before the premium variation occurred within ten (10) Business Days of receipt of notice; and

16.5.3  on the next immediate and subsequent Payment Date, payments of the Relevant Proportion shall be adjusted so as to ensure the Authority is in no better and no worse position than before the premium variation occurred.]