Common use of Schedule of Fees and Charges Clause in Contracts

Schedule of Fees and Charges. 8.1 The Parties acknowledge and agree that, in relation to the schedule of Regulated Fees and Charges attached hereto as Schedule E (the “Regulated Fees and Charges Schedule”):‌ (a) the current Regulated Fees and Charges are as indicated in the column titled “Description”; (b) the current Regulated Fees and Charges rates are as indicated in the column titled “Current Rate”; (c) certain of the Regulated Fees and Charges will be implemented and/or increased during the Term as indicated in the column titled “Interim Rate”; and (d) the Regulated Fees and Charges will be further adjusted on Financial Close as indicated in the column titled “Financial Close” and will be adjusted thereafter in accordance with the principles set out in Section F.6 of Schedule C. Since final capital and operating costs will be determined during the Term, the Financial Close adjustment will also take into consideration the level of Airport Infrastructure Charge required to make the Project financially viable and such other factors as may be relevant in that regard including, without limitation, the Base Case Financial Model reflecting the Target IRR and servicing of Bermuda Subordinated Debt.