What does this mean???
TERMINATION BY EDF OF THE LTSA Paladin Energy Limited (Administrators Appointed) (“PEL”) refers to its announcement on 3 July 2017 regarding PEL’s payment obligation to Electricite de France S.A. (“EDF”) under the Long Term Supply Agreement (“LTSA”) between EDF and PEL dated 8 June 2012. EDF has now given notice terminating the LTSA on the basis that PEL had failed to repay approximately US$277m by 9 October 2017, being the due date for cure of the default. EDF remains a creditor in the administration.
Ann: Termination by EDF of the LTSA, page-2
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