Common use of EFFECTIVE DATE OF TERMINATION OR EXPIRY Clause in Contracts

EFFECTIVE DATE OF TERMINATION OR EXPIRY. The Authority may serve notice upon the Contractor to extend the Expiry Date or any Termination Date by a period as specified by the Authority at its discretion of: in the case of the Expiry Date, up to six (6) Months; and in the case of any Termination Date (which for all purposes shall include any date on which this Contract comes to an end by virtue of any other means), up to eighteen (18) Months, and in this respect the Authority shall not be deemed to have affirmed the Contract by any such extension or the continued receipt of the Service. Once extended, there shall be no further right to extend under this paragraph 5.1 (Effective Date of Termination and Expiry). The Exit Period shall be the period commencing on: in the case of expiry, eighteen (18) Months prior to the original Expiry Date; in the case of early termination by the Authority under clause 2.2 (Duration of Contract), the date on which notice was served in accordance with that clause; and in the case of any other early termination, the date on which either Party serves notice of termination under this Contract, (the "Exit Period Commencement Date") and ending on the Expiry Date or Termination Date as extended by the Authority pursuant to paragraph 5.1 (Effective Date of Termination or Expiry). The Authority's extension notice under paragraph 5.1 (Effective Date of Termination or Expiry) shall be served: no later than one hundred and eighty (180) Days following the Exit Period Commencement Date in the case of an expiry; no later than thirty (30) Days following the Exit Period Commencement Date in the case of early termination by the Authority under clause 2.2 (Duration of Contract); and no later than two (2) Days following the Exit Period Commencement Date in the case of any other termination. Within ten (10) Business Days of the Exit Period Commencement Date, each Party will appoint an Exit Manager and provide written notification of such appointment to the other Party. The Contractor's Exit Manager will be responsible for ensuring that the Contractor and its employees, agents and Sub-Contractors comply with this Schedule 10 (Exit Management). The Contractor will ensure that its Exit Manager has the requisite authority to arrange and procure any resources of the Contractor as are reasonably necessary to enable the Contractor to comply with the requirements set out in this Schedule 10 (Exit Management). The Parties' Exit Managers will liaise with one another in relation to all issues relevant to the re-tendering, expiry and termination of this Contract (in whole or in part) and all matters connected with this Schedule 10 (Exit Management) and each Party's compliance with it. EXIT PLAN

EFFECTIVE DATE OF TERMINATION OR EXPIRY. The Authority may serve notice upon the Contractor to extend the Expiry Date or any Termination Date by a period as specified by the Authority at its discretion of: in the case of the Expiry Date, up to six (6) Months; and in the case of any Termination Date (which for all purposes shall include any date on which this Contract comes to an end by virtue of any other means), up to eighteen (18) Months, and in this respect the Authority shall not be deemed to have affirmed the Contract by any such extension or the continued receipt of the Service. Once extended, there shall be no further right to extend under this paragraph 5.1 (Effective Date of Termination and Expiry). The Exit Period shall be the period commencing on: in the case of expiry, eighteen (18) Months prior to the original Expiry Date; in the case of early termination by the Authority under clause 2.2 (Duration of Contract), the date on which notice was served in accordance with that clause; and in the case of any other early termination, the date on which either Party serves notice of termination under this Contract, (the "Exit Period Commencement Date") and ending on the Expiry Date or Termination Date as extended by the Authority pursuant to paragraph 5.1 114.1 (Effective Date of Termination or Expiry). The Authority's extension notice under paragraph 5.1 114.1 (Effective Date of Termination or Expiry) shall be served: no later than one hundred and eighty (180) Days following the Exit Period Commencement Date in the case of an expiry; no later than thirty (30) Days following the Exit Period Commencement Date in the case of early termination by the Authority under clause 2.2 (Duration of Contract); and no later than two (2) Days following the Exit Period Commencement Date in the case of any other termination. Within ten (10) Business Days of the Exit Period Commencement Date, each Party will appoint an Exit Manager and provide written notification of such appointment to the other Party. The Contractor's Exit Manager will be responsible for ensuring that the Contractor and its employees, agents and Sub-Contractors comply with this Schedule 10 (Exit Management). The Contractor will ensure that its Exit Manager has the requisite authority to arrange and procure any resources of the Contractor as are reasonably necessary to enable the Contractor to comply with the requirements set out in this Schedule 10 (Exit Management). The Parties' Exit Managers will liaise with one another in relation to all issues relevant to the re-tendering, expiry and termination of this Contract (in whole or in part) and all matters connected with this Schedule 10 (Exit Management) and each Party's compliance with it. EXIT PLAN