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Legislative Assembly for the ACT: 2002 Week 5 Hansard (9 May) . . Page.. 1517 ..

(b) ACTEW commits a Material Breach of this agreement and fails to remedy that breach within a specified time, unless that breach has no material impact on the Joint Venture Company's business; or

(c) an Insolvency Event occurs in respect of ACTEW.

Either party may give the other a notice of termination of this agreement if the Joint Venture Management Committee and the ACTEW Board fail to agree on a resolution of a dispute arising in respect of some issue relating to the agreement (including moving to a Phase two agreement).

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