PART 4  COMPENSATION FOLLOWING CORRUPT GIFTS AND FRAUD

Required drafting (see Section 21.4 of SoPC4) as follows:

1.  On termination of this Contract in accordance with Clause 71 (Termination on Corrupt Gifts and Fraud) then the Authority shall pay114 the Contractor an amount equal to the Revised Senior Debt Termination Amount.

2.  Such amount shall be determined and paid in accordance with paragraph 4 (Method of Payment of Compensation on Termination) of Part 7 (General).

3.  If termination occurs in accordance with Clause 71 (Termination on Corrupt Gifts and Fraud) then the Authority may require the Contractor to transfer its rights, title and interest in and to the Assets [(or such part of the Assets as may be required by the Authority)] to the Authority.115

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114  See Section 22 (Calculation and Payment of Early Termination Payments) of SoPC4 for the right of set-off against such payments.

115  The Contract must provide that any charges are released by the financiers in this circumstance.