73. VOLUNTARY TERMINATION BY THE AUTHORITY


Required drafting (see Section 21.5.3 of SoPC4) as follows:

73.1 The Authority may terminate this Contract at any time on or before the Expiry Date by complying with its obligations under Clause 73.2 below.152

73.2 If the Authority wishes to terminate this Contract under this Clause 73 (Voluntary Termination by the Authority), it must give a notice to the Contractor stating:

73.2.1 that the Authority is terminating this Contract under this Clause 73 (Voluntary Termination by the Authority);

73.2.2 that this Contract will terminate on the date falling twenty (20) Business Days after the date of receipt of the notice; and

73.2.3 whether the Authority has chosen to exercise its option under Clause 73.3 below.

73.3 On termination, the Authority shall have the option to require the Contractor to transfer its rights, title and interest in and to the Assets to the Authority or as directed by the Authority.

73.4 This Contract will terminate on the date falling twenty (20) Business Days after the date of receipt of the notice referred to in Clause 73.2 above.




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152 This could arise, for example, if the Authority did not wish the Project to continue for reasons unconnected with the Contractor.