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Agenda Reports Pack (Public) 15/10/2012, 19.00 - Meetings ...

Agenda Reports Pack (Public) 15/10/2012, 19.00 - Meetings ...

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each was a substantial breach which cannot or has not been rectified or it has beenso Determined.5.2 The Council may also terminate this Agreement by notice to the Developer withoutprejudice to either Party’s accrued rights or remedies if an Event of Default occurs.5.3 The Developer may also terminate this Agreement by giving notice to the Council inwhich case Schedule 6 (Part C) shall apply.5.4 If the Developer terminates this Agreement pursuant to clause 5.1 (and its proviso)then Schedule 6 (Part D) shall apply.5.5 Notwithstanding the termination of this Agreement the Developer shall remain liableto pay for any CPO Costs which have been incurred or which have been legallycommitted to prior to such termination and the Council shall take all reasonable stepsto mitigate and minimise the same.6 Dispute ResolutionEach Party agrees that the provisions of Schedule 7 shall apply to this Agreement.7 Administrative ProvisionsEach Party agrees that the provisions of Schedule 8 shall apply to this Agreement.8 ExecutionIn witness whereof this Agreement has been executed as a deed on the date first abovewritten.L1.040-CPO-CPOIA.v2.25Page 88

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