delete a risk against which Project Co is require to “Uninsurable Risk” – “means insure after the date of this and insert in respect of the … Agreement” “means insurance referred to in Part 2 of Schedule 21 (Insurance Requirements) and for which with effect from the In sub-paragraph (b) amend Actual Completion Date”. to private “PFI” “public partnership”. Schedule 2 Completion documents – Part 1 delete items 18 and 19. – Part 2 delete reference to the Insurance Proceeds Account Agreement in item 2. – Delete items 3, 6 and 7. Schedule 6 Agreement – Funders’ Direct Paragraph 5 (Economic Reinstatement Test) delete this paragraph and insert – “not used”. Paragraph 10.9 delete in the third line. Delete Insurance Proceeds – “and 4” “the and insert insurance proceeds account in the joint names of Project Account” “an Co and the Trust to be held on trust and”. Schedule 11 Collateral Warranty – Paragraph 2.3 delete and insert – “not used”. Schedule 17 Market Testing Procedure – Paragraph 3.1.5(i) amend cross reference on last line to – from “Clause 31.6” 32 (Bulk Transfer “Schedule Assumptions)”. Schedule 18 Payment Mechanism – Note, we have not incorporated any right of self help into the LRA. Part A "Bedding-In" - delete "as the case may be" and "the Actual Completion Date or a Phase Completion Date". "Completion Bedding In" - delete definition. Insert definition Cost has the meaning given in Schedule 1 “Insurance (Definitions)”. Insert definition of Costs means the Insurance Cost payable for the “Pass Through relevant Contract Month”. Delete definitions of Completion Bedding In and Completion “Phase Period” “Phase Date”. delete definition plus references to the term throughout Schedule 18. “RoE Costs” – Part B Insert into the formula after (ASPn/12). Add in paragraph is “+PTC” 1.1.3A “PTC the Pass Through Costs for the Contract Month”. Paragraphs 1.1.5 and 1.1.6 delete references to Emission Saving Adjustment and – Excess Emission Adjustment respectively. Delete from the formula in paragraph 2.1. “+RoE”
“Uninsurable Risk” – delete “means a risk against which Project Co is require to insure … after the date of this Agreement” and insert “means in respect of the insurance referred to in Part 2 of Schedule 21 (Insurance Requirements) and for which with effect from the Actual Completion Date”. In sub-paragraph (b) amend “PFI” to “public private partnership”. Schedule 2 – Completion documents Part 1 – delete items 18 and 19. Part 2 – delete reference to the Insurance Proceeds Account Agreement in item 2. Delete items 3, 6 and 7. Schedule 6 – Funders’ Direct Agreement Paragraph 5 (Economic Reinstatement Test) – delete this paragraph and insert “not used”. Paragraph 10.9 – delete “and 4” in the third line. Delete “the Insurance Proceeds Account” and insert “an insurance proceeds account in the joint names of Project Co and the Trust to be held on trust and”. Schedule 11 – Collateral Warranty Paragraph 2.3 – delete and insert “not used”. Schedule 17 – Market Testing Procedure Paragraph 3.1.5(i) – amend cross reference on last line from “Clause 31.6” to “Schedule 32 (Bulk Transfer Assumptions)”. Schedule 18 – Payment Mechanism Note, we have not incorporated any right of self help into the LRA. Part A "Bedding-In" - delete "as the case may be" and "the Actual Completion Date or a Phase Completion Date". "Completion Bedding In" - delete definition. Insert definition “Insurance Cost has the meaning given in Schedule 1 (Definitions)”. Insert definition of “Pass Through Costs means the Insurance Cost payable for the relevant Contract Month”. Delete definitions of “Phase Completion Bedding In Period” and “Phase Completion Date”. “RoE Costs” – delete definition plus references to the term throughout Schedule 18. Part B Insert “+PTC” into the formula after (ASPn/12). Add in paragraph 1.1.3A “PTC is the Pass Through Costs for the Contract Month”. Paragraphs 1.1.5 and 1.1.6 – delete references to Emission Saving Adjustment and Excess Emission Adjustment respectively. Delete “+RoE” from the formula in paragraph 2.1.