COMMUNITY BENEFITS

1. Project Co shall comply with the Authority's Community Benefits Requirements set out in [ ] in accordance with Project Co's Community Benefits Method Statements set out in [ ].

2. If, in relation to the Works, Project Co does not:

2.1 [insert target]

then Project Co shall pay to the Authority the sum of [insert amount] (indexed);

2.2 [insert target]

then Project Co shall pay to the Authority the sum of [insert amount] (indexed);

2.3 [insert target]

then Project Co shall pay to the Authority the sum of [insert amount] (indexed);

2.4 provide the [quarterly / annual] information in accordance with [ ]

then on the occurrence of each such failure Project Co shall pay to the Authority the sum of [insert amount] (indexed);

provided that in each case the Authority has first served notice on Project Co notifying it of its non-compliance and Project Co has failed to rectify such non-compliance within [twenty] Business Days of such notice.

3. The Authority's sole and exclusive remedy in respect of a breach of Clause [2] above shall be the payments provided for in Clause [2] [and Project Co's maximum liability in this respect shall be [insert amount] (indexed)].

4. If, in relation to the Services, Project Co does not:

4.1 [insert target]

then Project Co shall pay to the Authority the sum of [insert amount] (indexed);

4.2 [insert target]

then Project Co shall pay to the Authority the sum of [insert amount] (indexed);

4.3 [insert target]

then Project Co shall pay to the Authority the sum of [insert amount] (indexed);

4.4 provide the [quarterly / annual] information in accordance with [ ]

then on the occurrence of each such failure Project Co shall pay to the Authority the sum of [insert amount] (indexed);

provided that in each case the Authority has first served notice on Project Co notifying it of its non-compliance and Project Co has failed to rectify such non-compliance within [twenty] Business Days of such notice.

5. The Authority's sole and exclusive remedy in respect of a breach of Clause [4] shall be the payments provided for in Clause [4] [and Project Co's maximum liability in this respect shall be [insert amount] (indexed)].

6. All payments due by Project Co to the Authority under this Clause shall be payable within [ ] Business Days of written demand.