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Expiry Date
Expiry Date
Unless terminated earlier in accordance with their respective provisions, this Agreement and all other Project Agreements (except the Direct Agreements) and, without prejudice to their rights and remedies in respect of prior breaches of, or accrued rights and liabilities under this Agreement or any other Project Agreements, all rights of the parties under this Agreement and the other Project Agreements (except the Direct Agreements) will expire on the Expiry Date.
The Expiry Date of this Agreement shall be 25 years from the Effective Date, save where the Agency’s Option to Extend is exercised.
In the event of any fraudulent misstatement of any information relevant to the Project by the Agency or any person for whom the Agency is responsible, the discovery of such fraudulent misstatement shall be dealt with as a Change to which the provisions of Schedule 12 of this Agreement shall apply and PFIC’s sole remedy in respect of such fraudulent misrepresentation shall be an extension of time and/or payment of compensation (as appropriate) in accordance with the provisions of that Schedule.
- Heading
- Expiry Date
- Service Level Requirements
- PFIC’s Liability for Plant etc. and Sea Defences
- Change Procedures means the procedures described in Schedule 12 (Change Procedures) Effective Date has the meaning ascribed to it in Clause 2.2(b)
- Introduction
- Changes in Circumstances
- Objections to Proposals
- DETERMINATION OF REVISED CHARGES
- Mitigation and Reasonableness
- CHANGE IN FREQUENCY OF STORM EVENS AND/OR SEA LEVEL RISE
- Interpretation of contracts: the law
- Analysis
- “ For 1/6/10 to 31/5/20
- Conclusions