Schedule 11, Part 5, paragraph 99(10)

For the purposes of this paragraph, “termination right” means— a right to terminate a contract, a right to accelerate, close out, set-off or net obligations, or any similar provision that suspends, modifies or extinguishes an obligation of a party to the contract, or a provision that prevents an obligation from arising under the contract.

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Source: legislation.gov.uk · retrieved 2026-09-04