(ii)the Contractor does not receive the amount due under an Interim Payment Certificate within 28 days after the expiry of the time stated in Clause 16(vi) within which payment is to be made,or
(iii)the Employer becomes bankrupt or insolvent, goes into liquidation, has a receiving or administration order made against him, compounds with his creditors, or carries on business under a receiver, trustee or manager for the benefit of his creditors, or if any act is done or event occurs which (under applicable Laws) has a similar effect to any of these acts or events.