This payment will typically consist of:
(i) principal outstanding under the senior finance documents (whether bank or bond financing) (which may be capped by reference to forecast amounts in the Original Base Case); plus
(ii) interest, penalties and fees (and make-whole payments on any bond or fixed rate loan); plus
(iii) breakage costs arising under applicable hedging agreements or floating rate loans.
LESS certain amounts, such as:
(a) amounts credited to the bank accounts of the Private Partner (which are secured to the benefit of the Lenders);
(b) net payments received as a result of the termination of the hedging agreements and, in some cases, profits from pre-paying fixed rate loans;
(c) insurance proceeds received or due to be received before the termination payment date; and
(d) generally any other sums recovered by the Lenders before the termination payment date.
See Section 4.7, Sample Drafting 4, Schedule, Clause (1)(a) and relevant definitions.