57.4  Relevant Payment

If, pursuant to Clause 57.3.1(b), the Authority elects to make payment to the Contractor (such that the Contract will terminate) ("Relevant Payment"), the Contractor shall have the option (exercisable in writing within twenty (20) Business Days of the date of such election by the Authority (the "Option Period")) to pay to the Authority on or before the end of the Option Period, an amount equal to the insurance proceeds that would have been payable had the relevant risk not become Uninsurable, in which case the Contract will continue (and the Relevant Payment will not be made by the Authority), and the Contractor's payment shall be applied for the same purpose and in the same manner as insurance proceeds would have been applied had the relevant risk not become Uninsurable.