Common use of Exercise of power Clause in Contracts

Exercise of power. Where the Customer is in breach of this Agreement or if the Scheme Owner is entitled to terminate this Agreement under clause 25.1, the Scheme Owner may, subject to giving notice as required by the Water Legislation or Water Instruments, and the Scheme Owner giving the Customer notice of the breach or the existence of the Scheme Owners rights under clause 25.1, sell the Customer’s Allocation.

Exercise of power. Where the Customer is in breach of this Agreement or if the Scheme Owner is entitled to terminate this Agreement under clause 25.124.1, the Scheme Owner may, subject to giving notice as required by the Water Legislation or Water Instruments, and the Scheme Owner giving the Customer notice of the breach or the existence of the Scheme Owners rights under clause 25.124.1, sell the Customer’s Allocation.