Common use of AMENDMENTS TO SCHEDULE 5 Clause in Contracts

AMENDMENTS TO SCHEDULE 5. 2.7.1. Section 1 of Schedule 5 of the Project Agreement is amended by deleting it in its entirety and replacing it with the following: 1. The table in this Section 1 sets out the amount (each a “Milestone Payment”) payable by the Enterprises in respect of the achievement of each Payment Milestone and Substantial Completion, subject to the provisions of this Schedule 5. For certainty, the descriptions of the Payment Milestones in the table below are for reference only; the full definitions of each Payment Milestone are set out in Part A of Annex A (Definitions and Abbreviations) to the Project Agreement and the conditions to achievement of each Payment Milestone and Substantial Completion are set out in, respectively, Parts 4 and 5 of Schedule 3 (Commencement and Completion Mechanics). Completion of Milestone 1 $50,000,000 Completion of Milestone 2A $61,800,000 Completion of Milestone 2B $33,200,000 Completion of Milestone 3 $52,000,000 Completion of Milestone 4A $26,000,000 Completion of Milestone 4B $26,000,000 Completion of Milestone 5A $26,700,000 Completion of Milestone 5B $26,700,000 Completion of Milestone 6 $3,000,000 Substantial Completion $13,600,000