14.4.1  When will the Base Financial Case Model be varied?

In some jurisdictions, the Base Case Financial Model (as at Financial Close) may only be varied on the occurrence of one or more of the following specified events and in accordance with the principles and procedures set out below:

(a)  Modifications (as discussed in Chapter 18 (Modifications));

(b)  Key Risk Events (as discussed in Chapter 15 (Relief for Possible Key Risk Events);

(c)  Re-financing (as discussed in Chapter 31 (Re-financing Gain);

(d)  compensable and negative compensable enhancements; and

(e)  other events specified under the project agreement.