27.1  Occurrence

This Agreement shall terminate on the earlier of the:

27.1.1  expiry or termination of the Project Agreement; or

27.1.2  closure of the Academy; or

27.1.3  termination of the Funding Agreement save where this Agreement is to be or has been novated to a suitable replacement sponsor pursuant to the terms of the Principal Agreement; or

27.1.4  termination of the Lease pursuant to Clause [  ] thereof.