Electricity (Non-Fossil Fuel Sources) Order (Northern Ireland) 1996

Article 1(2)

SCHEDULE 3 Termination events

The termination events are—

(1) the operator of any relevant non-fossil fuel generating station ceasing for any reason to be authorised by exemption or licence granted under Part II of the Electricity (Northern Ireland) Order 1992 to generate electricity for the purposes of giving a supply to any premises or enabling a supply to be given;

(2) the operator of any relevant non-fossil fuel generating station defaulting in the performance of any of his material obligations under the relevant arrangements and in the case of a default which is, in the opinion of the Company (acting reasonably), capable of remedy continuing to be unremedied at the expiry of 60 days following the date on which the Company shall have given notice thereof to the operator;

(3) a binding order being made or an effective resolution being passed for the winding up of the operator of any relevant non-fossil fuel generating station (otherwise than for the purposes of reconstruction or amalgamation on terms previously approved in writing by the Company (whose approval shall not unreasonably be withheld)) and within 28 days of his appointment the liquidator of the operator not having provided to the Company a guarantee of performance of the obligations of the operator under the relevant arrangements in such form and amount as the Company (acting reasonably) may require.