49.5  Authority Default in Payment

If the Authority:

(a)  fails to make a payment to the Contractor in accordance with clauses 49.1 (Termination Sum) and/or 49.2 (Instalments) and/or 49.3 (Interest); or

(b)  breaches clause 63.1 (Restrictions on Transfer of this Agreement by the Authority),

the Contractor may issue a notice to the Authority declaring any unpaid and outstanding element of (as applicable) the Adjusted Estimated Fair Value of the Contract, the Lender RV Element, the Base Senior Debt Termination Amount or the Revised Senior Debt Termination Amount (as relevant) element of the Termination Sum and any accrued but unpaid interest to be immediately due and payable.