2.3.1  Termination due to Non-Occurrence of Effective Date

(a)  The LGU may extend the period for the Company to comply with its obligations under Section 2.1 or may terminate this Agreement with immediate effect by giving written notice thereof to the Company at any time after the Required Effective Date (unless the Effective Date occurs before such notice is issued) if any of the conditions precedent set forth in Sections 2.1(a) through (n) inclusive has not been satisfied on or before the Required Effective Date.

(b)  The Company may extend the period for the LGU to comply with its obligations under Section 2.1 or may terminate this Agreement with immediate effect by giving written notice thereof to the LGU at any time after the Required Effective Date (unless the Effective Date occurs before such notice is issued) if any of the conditions precedent set forth in Sections 2.1(n) through (r) and (d) (insofar as Consents that the LGU must secure are concerned) has not been satisfied on or before the Required Effective Date.