48.  COMPENSATION ON TERMINATION

48.1  If this Agreement is terminated pursuant to Clause 46.1 (Force Majeure), then the Board  shall pay compensation to Project Co in accordance with Section C of Part 23 of the Schedule (Compensation on Termination).

48.2  If this Agreement is terminated pursuant to Clause 44 (Project Co Events of Default) other than pursuant to Clause 44.1(c)(ii), then the Board shall pay compensation to Project Co in accordance with Section B of Part 23 of the Schedule (Compensation on Termination).

48.3  If this Agreement is terminated pursuant to Clause 45 (Board Events of Default), then the Board shall pay compensation to Project Co in accordance with Section A of Part 23 of the Schedule (Compensation on Termination).

48.4  If this Agreement is terminated pursuant to Clause 46.2 (Voluntary Termination), then the Board shall pay compensation to Project Co in accordance with Section A of Part 23 of the Schedule (Compensation on Termination).

48.5  If this Agreement is terminated pursuant to Clause 54.3 (Corrupt Gifts and Payments), Clause 44.1(c)(ii) or Clause 46A (Breach of the NPD Requirements), then the Board shall pay compensation to Project Co in accordance with Section D of Part 23 of the Schedule (Compensation on Termination).

[48.5A  If this Agreement is terminated pursuant to Clause 46.3 (Termination on a Board Break Point Date)then the Board shall pay compensation to Project Co in accordance with section A of Part 23 of the Schedule (Compensation on Termination).]

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