Common use of Guaranteed Price and Adjustments Clause in Contracts

Guaranteed Price and Adjustments. (a) Project Co represents and warrants that the Guaranteed Price, exclusive of HST, is $80,542,111.00, and is equal to the sum of the Cost of the Work and the Cost of the Financing. The Cost of the Work and the Cost of the Financing are as set out in the Financial Model. (b) Project Co represents and warrants that the Project Debt Interest Cost is based upon the Interest Reference Rate. The Project Debt Interest Cost will be adjusted once on, or within the 2 Business Days immediately prior to, Financial Close on the basis of the actual increase or decrease in the Project Debt Interest Cost resulting directly from any change upward or downward in the Interest Reference Rate as compared to the Interest Reference Rate as at the Submission Date.

Guaranteed Price and Adjustments. (a) Project Co represents and warrants that the Guaranteed Price, exclusive of HST, is $80,542,111.00187,102,400, and is equal to the sum of the Cost of the Work and the Cost of the Financing. The Cost of the Work and the Cost of the Financing are as set out in the Financial Model. (b) Project Co represents and warrants that the Project Debt Interest Cost is based upon the Interest Reference Rate. The Project Debt Interest Cost will be adjusted once on, or within the 2 Business Days immediately prior to, Financial Close on the basis of the actual increase or decrease in the Project Debt Interest Cost resulting directly from any change upward or downward in the Interest Reference Rate as compared to the Interest Reference Rate as at the Submission Date.

Guaranteed Price and Adjustments. (a) Project Co represents and warrants that the Guaranteed Price, exclusive of HST, is $80,542,111.00128,592,443.81, and is equal to the sum of the Cost of the Work Works and the Cost of the Financing. The Cost of the Work Works and the Cost of the Financing are as set out in the Financial Model. (b) Project Co represents and warrants that the Project Debt Interest Cost is based upon the Interest Reference Rate. The Project Debt Interest Cost will be adjusted once on, or within the 2 Business Days immediately prior to, Financial Close on the basis of the actual increase or decrease in the Project Debt Interest Cost resulting directly from any change upward or downward in the Interest Reference Rate as compared to the Interest Reference Rate as at the Submission DateDeadline.