4.1 At any time during the Required Period the Agent may issue a written notice (the "No Liquid Market Notice") to the Board setting out the reasons why the Agent does not believe that a Liquid Market exists.
4.2 On or before the date falling fourteen (14) Business Days after the date on which a No Liquid Market Notice is received by the Board, the Board shall notify the Agent of its opinion as to whether or not a Liquid Market exists. Where the Board believes that a Liquid Market does exist, such notice shall set out the reasons for the Board's belief. If the parties do not agree whether or not a Liquid Market exists, then either party may refer the dispute to be determined in accordance with Clause 56 of the Project Agreement (Dispute Resolution Procedure).
4.3 If the parties agree or it is determined in accordance with Clause 56 of the Project Agreement (Dispute Resolution Procedure) that no Liquid Market exists, the Project Agreement shall automatically terminate and the provisions of paragraph 4 of Part B of Part 23 of the Schedule to the Project Agreement (No Retendering) shall apply.
4.4 If any dispute relating to this paragraph 4 is determined under Clause 56 of the Project Agreement (Dispute Resolution Procedure), the Required Period shall be extended by the period of time spent determining such dispute under Clause 56 of the Project Agreement (Dispute Resolution Procedure).