3.2  Variation to contract term

The Contract Term may be extended by a period negotiated by the parties that provides redress for a Possible Key Risk Event6 or as otherwise agreed by the parties.

Government may elect to reduce the Contract Term (up to a maximum pre-agreed percentage of the remaining Contract Term) instead of requiring payment by the private party of any additional rent in accordance with section 14.3.1 in Chapter 14 (Payment provisions).

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6  See section 15 (Relief for Possible Key Risk Events).