Common use of Relevant Events Clause in Contracts

Relevant Events. (a) If the Bidder considers that a Prescribed Occurrence of the nature set out paragraph 15(c) of Schedule One (“Relevant Event”) may have occurred: (i) the Bidder must promptly notify Pushpay of that fact, which notice must set out reasonable details of the Bidder’s reasons for considering that the Relevant Event may have occurred; and (ii) the Bidder and Pushpay, each acting reasonably and in good faith, must consult as to whether a Relevant Event has occurred for a period of at least 20 Business Days or, if shorter, until 5.00pm on the day before the Implementation Date. (b) The Bidder must not terminate this Agreement under clause 16.11 on the basis that a Relevant Event has occurred unless: (i) it has complied with its obligations under clause 16.16(a); and (ii) at the expiry of the period referred to in clause 16.16(a)(ii), the Bidder, acting in good faith, including having regard to the factors set out in the Disclosure Letter and having taken advice from external legal advisers with relevant specialist expertise, considers that the Relevant Event has occurred.