I.3 Buy-Out Price upon Termination by the Agency

(a) If the Agency terminates this Agreement pursuant to Section 17.1 (Termination due to an Event of Default) due to a Company Event of Default and exercises its option pursuant to Section 17.1.2(a), then the Agency shall purchase all of THE Company's rights, title, and interest in the New IT Services and Facilities and the Project for a price equal to Buy-Out Price A.

(b) If the Agency terminates this Agreement pursuant to Section 17.2.2 (Termination by the Agency), then the Agency shall purchase all of the Company's rights, title, and interest in the New IT Services and Facilities and the Project for a price equal to (i) Buy-Out Price B if such termination occurs prior to the Operations Start Date, or (ii) Buy-Out Price C if such termination occurs on or after the Operations Start Date.