6  Term

This Agreement commences on the Commencement Date and, subject to the termination rights set out in this Agreement, terminates:

(a)  if the Proponent is selected as the Successful Proponent in accordance with this Agreement, on the date the Project Alliance Agreement is executed by the Project Owner and the Proponent; or

(b)  if the Proponent is not selected as the Successful Proponent in accordance with this Agreement, on the date contemplated by clause 11.4(b).