Common use of Date for provision of Exit Assistance Clause in Contracts

Date for provision of Exit Assistance. 3.1.1 The Outgoing Administering Authority shall provide the Exit Assistance and fulfil all the obligations set out in this Schedule 3 within 40 Business Days of: (a) where the Outgoing Administering Authority has decided to resign, the date of the written notification provided in accordance with clause 7.1.1; or (b) where the Partner Authorities have agreed to replace the Administering Authority, the date of receipt of written notification provided in accordance with clause 7.2.1. 3.1.2 The obligation to provide the Exit Assistance and fulfil all the obligations of this Schedule 3 from the relevant date is independent of and not contingent upon the Parties having an agreed form of Exit Plan in place. Where there is an agreed Exit Plan in place, the Outgoing Administering Authority shall provide to the Replacement Administering Authority and to the Board weekly reports of progress against the Exit Plan and of any problems, anticipated problems and delays and of any appropriate actions to be taken by the Outgoing Administering Authority in response. 3.1.3 At the Board or the Replacement Administering Authority's request, the Outgoing Administering Authority shall continue to provide the Exit Assistance and continue with the implementation of the Exit Plan for a period of up to six months (or such longer period as the Replacement Administering Authority may request) from the Handover Date.

Date for provision of Exit Assistance. 3.1.1 The Outgoing Administering Authority shall provide the Exit Assistance and fulfil all the obligations set out in this Schedule 3 within 40 Business Days of: : (a) where the Outgoing Administering Authority has decided to resign, the date of the written notification provided in accordance with clause 7.1.1; or or (b) where the Partner Authorities have agreed to replace the Administering Authority, the date of receipt of written notification provided in accordance with clause 7.2.1. 3.1.2 The obligation to provide the Exit Assistance and fulfil all the obligations of this Schedule 3 from the relevant date is independent of and not contingent upon the Parties having an agreed form of Exit Plan in place. Where there is an agreed Exit Plan in place, the Outgoing Administering Authority shall provide to the Replacement Administering Authority and to the Board weekly reports of progress against the Exit Plan and of any problems, anticipated problems and delays and of any appropriate actions to be taken by the Outgoing Administering Authority in response. 3.1.3 At the Board or the Replacement Administering Authority's request, the Outgoing Administering Authority shall continue to provide the Exit Assistance and continue with the implementation of the Exit Plan for a period of up to six months (or such longer period as the Replacement Administering Authority may request) from the Handover Date.