Option for Early Termination. The Company shall have the option to terminate this Connection Agreement in the initial stage of the Works in advance of the procurement by Gas Networks Ireland of any equipment or associated materials required for the Connection Facilities or the Works (the “Procurement”). For the avoidance of doubt this includes any time in advance of when Gas Networks Ireland has placed any verbal or written orders or executed any contracts regarding the Procurement. The Company may terminate this Connection Agreement under this Clause 15.8 by serving not less than 15 Business Days’ written notice on GNI. This Connection Agreement shall then end provided that the Company has paid to GNI: the Development and Construction Costs incurred up to the date on which this Connection Agreement terminates under this Clause; and all costs which arise out of the termination of this Connection Agreement including (i) all non-recoverable cancellation charges and internal Gas Networks Ireland costs and (ii) all costs associated with termination of any contracts and arrangements referable to the Works, in each case, irrespective of whether such costs are incurred before or after termination of this Connection Agreement.
Appears in 2 contracts