75. TERMINATION FOR BREACH OF REFINANCING PROVISIONS
Required drafting (see Section 21.6.1 of SoPC4 Guidance as amended pursuant to the SoPC4 Addendum October 2008) as follows:
75.1 If the Contractor wilfully breaches paragraph 2 of Schedule 16 (Refinancing) then the Authority may terminate this Contract at any time on or before the Expiry Date by complying with its obligations under Clauses 75.2 to 75.4 below.
75.2 If the Authority wishes to terminate the Contract under Clause 75.1, it must give notice to the Contractor stating:
75.2.1 that the Authority is terminating the Contract under Clause 75.1;
75.2.2 that this Contract will terminate on the date falling [twenty (20)] Business Days after the date of receipt of the notice; and
75.2.3 whether the Authority has chosen to exercise its option under Clause 75.3 below.
75.3 On termination, the Authority shall have the option to require the Contractor to transfer to the Authority all of its rights, title and interest in and to the Assets [(or such part of the Assets as may be required by the Authority)].
75.4 This Contract shall terminate on the date falling [twenty (20)] Business Days after the date of receipt of the notice referred to in Clause 75.1 above.