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BROADWAY SUBWAY PROJECT Commercial in Confidence PROJECT AGREEMENT EXECUTION COPY BROADWAY SUBWAY PROJECT Commercial in Confidence PROJECT AGREEMENT EXECUTION COPY SCHEDULE 1 DEFINITIONS AND INTERPRETATION PART 1 DEFINITIONS ............................................................................................................................. 1 1.1 Definitions .......................................................................................................................... 1 1.2 Acronym List .................................................................................................................. 109 1.3 Reference Documents ..................................................................................................... 123 PART 2 INTERPRETATION ............................................................................................................... 124 2.1 [Not Used]....................................................................................................................... 124 2.2 Waiver of Contra Proferentum ....................................................................................... 124 2.3 Headings ......................................................................................................................... 124 2.4 Cross References ............................................................................................................. 124 2.5 Internal References ......................................................................................................... 125 2.6 Reference to Statutes ...................................................................................................... 125 2.7 Reference to Statutory or Public Duties or Functions ..................................................... 125 2.8 Reference to Right or Duty of a Governmental Authority .............................................. 125 2.9 Time ................................................................................................................................ 125 2.10 Time of the Essence ........................................................................................................ 125 2.11 Number ........................................................................................................................... 125 2.12 Gender ............................................................................................................................. 126 2.13 Reference to Office of a Governmental Authority .......................................................... 126 2.14 Reference to Public Organizations .................................................................................. 126 2.15 Persons for Whom Project Co is Responsible ................................................................ 126 2.16 Persons for Whom Province is Responsible ................................................................... 126 2.17 Reference to Legal Entity ............................................................................................... 127 2.18 Currency.......................................................................................................................... 127 2.19 [Not Used]....................................................................................................................... 127 2.20 Costs ............................................................................................................................... 127 2.21 Knowledge of the Province ............................................................................................. 127 2.22 Knowledge of Project Co ................................................................................................ 127 2.23 Performance to Standards ............................................................................................... 127 2.24 Words of Inclusion; Mandatory Provisions .................................................................... 128 2.25 General Meanings Not Restricted ................................................................................... 128 2.26 Trade Meanings .............................................................................................................. 128 2.27 Decisions of the Province ............................................................................................... 128 2.28 All Reasonable Efforts .................................................................................................... 129 2.29 Accounting Terms ........................................................................................................... 129 2.30 Severability ..................................................................................................................... 129 2.31 No Derogation from Laws .............................................................................................. 130 2.32 [Not Used]....................................................................................................................... 130 2.33 Principles for Resolving Conflicts within Documents .................................................... 130 2.34 No Additional Payments or Time ................................................................................... 131 2.35 Financial Model .............................................................................................................. 131 Appendix A Reference Documents Appendix B Factual Geotechnical Data Appendix C Background IP and Third Party IP CAN DMS: \119618958\45 BROADWAY SUBWAY PROJECT Commercial in Confidence PROJECT AGREEMENT EXECUTION COPY SCHEDULE 1: DEFINITIONS AND INTERPRETATION PART 1 DEFINITIONS 1.1 Definitions In this Agreement, including the Recitals and Schedules hereto, unless otherwise specified or the context otherwise requires, the following words and expressions have the following meanings: “100-Year Return Period Earthquake Event Level” means the earthquake event level at which there is a high expectancy of an earthquake event during the design life of the applicable structure, with ground motion inputs corresponding to a 100-year return period. “475-Year Return Period Earthquake Event Level” means the earthquake event level at which there is a moderate chance of an earthquake event during the design life of the applicable structure, with ground motion inputs corresponding to a 475-year return period. “975-Year Return Period Earthquake Event Level” means the earthquake event level at which there is a low chance of an earthquake event during the design life of the applicable structure, with ground motion inputs corresponding to a 975-year return period. “2475-Year Return Period Earthquake Event Level” means the earthquake event level at which there is rare chance of occurrence during the design life of the applicable structure, with ground motion inputs corresponding to a 2475-year return period. “Access” means: (a) the physical entry/exit points to properties or buildings from the public right of way utilized by any or all modes of Traffic and includes driveways, stairways, and doorways; or (b) the act of entering/exiting properties or buildings as per (a) above. “Active Construction Zone” means an area in which surveying, construction, maintenance, utility or any other Project Co-initiated activities take place to the extent that the passage of Traffic may be influenced. “Access Disruption” means a disruption of an Access caused by Project Co, whether directly or indirectly, or any person for whom Project Co is in law responsible that affects the ability of Traffic to use, enter or leave the Access. “Access Period” means the period: (a) commencing on the date from which such part of the Project Site is made available to Project Co pursuant to Section 2.3 [Commencement of Project Site Access] of Schedule 8; and (b) ending on the date on which Project Co’s access to such part of the Project Site terminates pursuant to Section 2.5 [Termination of Project Site Access] of Schedule 8. “Access Period Expiry Date” means in respect of any part of the Project Site, the date specified as the “Access Period Expiry Date” in the Conditions of Access relating to such part, as such date may be extended in accordance with Section 3.10 of Schedule 8 [Lands]. CAN DMS: \119618958\45 BROADWAY SUBWAY PROJECT Commercial in Confidence PROJECT AGREEMENT EXECUTION COPY SCHEDULE 1: DEFINITIONS AND INTERPRETATION 2 “Action Levels” has the meaning given in Article 4.2.2(b)(vii)B.(1) [Construction Risk and Impact Assessment Report] of Schedule 4 [Design and Construction], Part 1. “Accommodation Agreement” means the agreement made as of March 10, 2020 between the Province and MVRD (called “MV Utilities” in the agreement) as amended, supplemented or replaced from time to time. “Activity Zone” means any lands which are not a Quiet Zone. “Acquisition Cost” has the meaning given in Section 3.5(a) of Schedule 8 [Lands]. “Additional Permitted Borrowing” means any increase in the Original Senior Commitment approved by the Province in accordance with Section 5.7 [Changes Not to Increase Province’s Liability] of this Agreement; “Additional Utilities Recoverable Expenditures” has the meaning given in Section 8.10(a) of this Agreement. “Adjusted Progress Amount” has the meaning given in Section 2.1(a)(i) of Schedule 10 [Payment and Performance Mechanism]. “Advance Work” means work initiated prior to the Effective Date in connection with and to facilitate the Project Work, consisting of the design and construction of each of the following components: (a) the BC Hydro Power Work described in Article
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