71.2  Notification



(a)  Without prejudice to clause 71.1 (Change in Ownership) the Contractor shall provide the Authority with at least twenty (20) Business Days' prior written notice of any Change in Ownership contemplated the Contractor under by clause 71.1.2 above to enable the Authority to determine whether the Authority considers the transfer to be to an Unsuitable Third Party.

(b)  If the Authority forms the view that the proposed Change in Ownership is to an Unsuitable Third Party it will promptly notify the Contractor that it objects to the proposed Change in Ownership and is withholding its written consent to the Change in Ownership;

(c)  Any dispute arising shall be dealt with in accordance with clause 67 (Dispute Resolution Procedure)

(d)  The Authority may, not more than [twice] in any Contract Year, or at any time when a Contractor Default is outstanding, request that the Contractor inform it as soon as reasonably practicable and in any event within twenty (20) Business Days of receipt of the Authority's request for details of any Change of Ownership.

(e)  The Contractor's obligation under clause 71.2(a) above shall, except where a legal transfer of shares is proposed, be limited to the extent of the Contractor's awareness.

(f)  The Contractor's obligation under clause 71.2.(b) above shall, except where a legal transfer of shares has occurred, be limited to the extent of the Contractor's awareness having made all reasonable enquiry.

(g)  For the purposes of this clause 71.2 (Notification) any change in legal or beneficial ownership of any shares that are listed on a stock exchange shall be disregarded.