EFFECT OF ENDING THIS AGREEMENT. 18.1 Any termination of this Agreement does not affect any accrued right of either Party.
18.2 Despite termination or expiry of this Agreement, this clause 18 and clauses 6, 7, 8, 9, 10, 11, 12, 15 and those Special Conditions that by their nature remain in force, will survive.
EFFECT OF ENDING THIS AGREEMENT. 10.4.1 Where a Party exercises the Right to End, Xxxx shall, acting reasonably determine whether the Programme Investment Fund Liabilities exceed the sum remaining in the Programme Investment Fund (a Negative Balance) or the Programme Investment Fund Liabilities are less than the sum remaining in the Programme Investment Fund (a Positive Balance) and shall inform the Borough Councils of the existence of such Negative or Positive Balance 30 Business Days prior to the termination of the Agreement pursuant to the Right to End.
EFFECT OF ENDING THIS AGREEMENT. 11.4.1 Where a Party exercises the Right to End and Kent shall, acting reasonably determine whether the Programme Investment Fund Liabilities exceed the sum remaining in the Programme Investment Fund (a Negative Balance) or Programme Investment Fund Liabilities are less than the sum remaining in the Programme Investment Fund (a Positive Balance) and shall inform the Borough Councils of the existence of such Negative Balance or Positive Balance [[28] Business Days] prior to the termination of the agreement pursuant to the Right to End.
11.4.2 Where a Party exercises the Right to End, the Agreement will not terminate on the date specified in the written notice where there is a Positive Balance which is greater than [£50,0008(RPI indexed)]. The Agreement shall continue in effect, save that no payments from the Borough Councils pursuant to clause 6.1 shall be payable, until the Positive Balance is less than [£50,000 (RPI indexed)] where upon the Agreement shall terminate. Any residual sum, being less than [£50,000 (RPI indexed)] shall be divided [equally] divided between the Borough Councils and paid to them by Kent.
11.4.3 Subject to 11.4.5, where a Party exercises the Right to End, the Agreement will not terminate on the date specified in the written notice where there is a Negative Balance. The Agreement shall continue in effect until the Negative Balance is reduced to £0 by way of payments made by the Borough Council's pursuant to their obligations set out in clauses 6.1.1 and 6.
EFFECT OF ENDING THIS AGREEMENT. 21.4.1 Where a Borough Council exercises the Right to End, Kent shall, acting reasonably, determine whether the Programme Investment Fund Liabilities exceed the sum remaining in the Programme Investment Fund (a Negative Balance) or the Programme Investment Fund Liabilities are less than the sum remaining in the Programme Investment Fund (a Positive Balance) and shall inform the relevant Borough Council of the existence of such Negative or Positive Balance 30 Business Days prior to the termination of the Agreement, pursuant to the Right to End.
21.4.2 Where a Borough Council exercises the Right to End and there is a Positive Balance as determined under clause 21.4.1 of this Agreement, the Agreement shall terminate on the date specified in the Right to End Notice and subject to the completion of any financial and/or contractual commitments and the deduction of any Programme Investment Liabilities, Kent shall pay to the Borough Council the Positive Balance less deductions within 30 [thirty] Business Days of date of the Right to End Notice.
21.4.3 Subject to clause 21.4.4, where a Borough Council exercises the Right to End and there is a Negative Balance as determined under clause 21.4.1 of this Agreement, the Agreement shall terminate on the date specified in the Right to End Notice. Kent shall issue an invoice to the Borough Council in respect of the Negative Balance. The Borough Council shall pay the Negative Balance within 90 [ninety] days of the date of the issue of the invoice.
