74A TERMINATION ON AN AUTHORITY BREAK POINT DATE


Guidance drafting (see Section 21.5.4 of SoPC4) as follows:

74A.1 Without prejudice to its rights under Clause 73.1, the Authority may terminate the Contract on any of the Authority Break Point Dates by complying with its obligations under Clauses 74A.2 to 74A.4 below.

74A.2 If the Authority wishes to terminate the Contract under this Clause, it must give notice to the Contractor stating:

74.1.1 that the Authority is terminating the Contract under this Clause 74A (Termination on an Authority Break Point Date);

74.1.2 that the Contract will terminate on the specified Authority Break Point Date; which must be a minimum of [twenty (20)] Business Days after the date of receipt of the notice; and

74.1.3 whether the Authority has chosen to exercise its option under Clause 74A.3 below.

74A.3 On termination, the Authority shall have the option to require the Contractor to transfer its right, title and interest in and to the Assets to the Authority or as directed by the Authority.

74A.4 Provided the notice has been provided in accordance with Clause 74A.2 above, the Contract will terminate on the specified Authority Break Point Date.