Common use of Provider Termination Clause in Contracts

Provider Termination. The Provider may terminate this agreement by giving not less than 15 business days' notice to the Authority if the Authority has not paid the Provider the relevant fees within one month after the due date for those fees provided that: 12.3.1 the Provider is not in material breach of this agreement, the regulations or the Code which breach remains unremedied; 12.3.2 the Provider notified the Authority within 8 business days after the due date that the Authority had not paid the Provider the relevant fees; 12.3.3 the unpaid amount is not disputed by the Authority; and 12.3.4 such notice will not be effective if the Authority pays the outstanding amount, plus interest in accordance with clause 6.3, before expiry of the 15 business days' notice period.

Appears in 10 contracts

Samples: Market Operator Service Provider Agreement, Market Operator Service Provider Agreement, Market Operator Service Provider Agreement

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