3.1 Subject only to paragraph 3.2, the Board may serve notice terminating the Project Agreement at any time if it is entitled to do so under the terms of the Project Agreement.
3.2 The Board shall not terminate or serve notice terminating the Project Agreement in respect of a Project Co Event of Default without giving to the Agent:
3.2.1 at least the Required Period of prior written notice (a "Termination Notice") stating:
(a) that a Project Co Event of Default has occurred and the proposed Termination Date; and
(b) the grounds for termination in reasonable detail, and
3.2.2 not later than the date falling twenty (20) Business Days after the date of a Termination Notice a notice containing details of any amount owed by Project Co to the Board, and any other liabilities or obligations of Project Co of which the Board is aware (having made proper enquiry) which are:
(a) accrued and outstanding at the time of the Termination Notice; and/or
(b) which will fall due on or prior to the end of the Required Period, under the Project Agreement.
3.3 On becoming aware of an Enforcement Event the Agent shall give notice thereof to the Board stating that an Enforcement Event has occurred and giving reasonable details thereof (an "Enforcement Event Notice") whereupon, subject to payment by the Agent of the Board's reasonable costs and expenses in respect thereof (being such costs and expenses as would not have been incurred in respect of the provision of such information had an Enforcement Event Notice not been served) the provisions of Paragraph 3.2.2 shall apply as if references therein to a Termination Notice were to an Enforcement Event Notice.