Form 9 - Authority Events of Default (for non-NHS bodies)

39.1.5 an expropriation, sequestration or requisition of a material part of the Assets and/or shares of [Sub-hubco/Project Co] or [Hubco/Hold Co] by [the Authority or] any Relevant Authority; or

39.1.6 the Authority is sequestrated under the Bankruptcy (Scotland) Act 1985 or otherwise becomes insolvent and its obligations are not otherwise transferred to another party such as is referred to in Clause 57.4