Common use of Payment of Outstanding Element Clause in Contracts

Payment of Outstanding Element. If the Authority has elected to pay in accordance with clause 42.2 (Instalments) it may (on twenty (20) Working Days’ prior to written notice to the Contractor) elect to pay any outstanding element of the Adjusted Estimated Fair Value of the Contract Base or the Senior Debt Termination Amount or the Revised Senior Debt Termination Amount (as relevant) in full on any Instalment Date.

Payment of Outstanding Element. If the Authority has elected to pay in accordance with clause 42.2 (Instalments) paragraph 3.2 it may (on twenty (20) Working Business Days’ prior to written notice to the Contractor) elect to pay any the outstanding element part of the Adjusted Estimated Fair Value of the Contract Base or the Senior Debt Termination Amount or the Revised Senior Debt Termination Amount (as relevant) in full on any Instalment Date.

Payment of Outstanding Element. If the Authority has elected to pay in accordance with clause 42.2 (Instalments) paragraph 4.2 it may (on twenty (20) Working Business Days’ prior to written notice to the Contractor) elect to pay any the outstanding element part of the Adjusted Estimated Fair Value of the Contract Base or the Base Senior Debt Termination Amount or the Revised Senior Debt Termination Amount (as relevant) element of the Termination Sum in full on any Instalment Date.