51Termination

#### 51 Termination 51 Termination > > (1) The licence holder may terminate a load reduction agreement before the end of the term of the agreement in accordance with the agreement. > > > (2) The licence holder is taken to have terminated a load reduction agreement if— > > > > > (a) the licence holder surrenders the licence, or > > > > > (b) the licence is suspended or revoked, or > > > > > (c) the licence holder closes its operations or otherwise ceases to operate before the agreement expires. > > > (3) The EPA may terminate a load reduction agreement if— > > > > > (a) the EPA is of the opinion the licence holder is unlikely to— > > > > > > > (i) attain the agreed load before the end of the agreement, or > > > > > > > (ii) meet the costs of repayment on termination or expiration of the agreement, or both, or > > > > > (b) the licence holder fails to comply with a condition of the agreement.